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“High Court Grants Mercedes-Benz Interim GST Relief”
In a recent development, the Bombay High Court has granted an interim stay on the demand for GST dues on expatriate salary payments by Mercedes-Benz, providing a temporary relief to the auto giant. This decision, handed down by a Division Bench comprising Justices G.S. Kulkarni
“Valuation Report Disclosure Debate in Insolvency”
In a recent ruling by the National Company Law Appellate Tribunal (NCLAT) in the case of Kineta Global Ltd. v. IDBI Bank Ltd. & Ors., the issue of disclosing valuation reports to prospective resolution applicants has stirred debate within the legal and financial community. The
“Unlocking Tax Relief: OTS & ‘Mera Bill’ Drive for Ludhiana Residents”
In a bid to ease the tax burden on residents and facilitate smoother transactions, the taxation department of the state government has launched a comprehensive awareness campaign promoting its one-time settlement (OTS) scheme for GST payments and the innovative ‘Mera Bill’ app. Officials within the
“Jharkhand High Court: Upholding Tax Scrutiny on Unverified Cash Loans”
In a recent verdict, the Jharkhand High Court has upheld the income tax addition due to the failure of assessees to substantiate the authenticity of creditors providing cash loans. The decision, delivered by the bench comprising Justice Rongon Mukhopadhyay and Justice Deepak Roshan, underscores the
Haryana Government Appoints New VAT Tribunal Members
The Haryana government has taken a significant step in bolstering its administrative infrastructure with the appointment of new members to the Value Added Tax (VAT) Tribunal. In a recent notification dated February 6, 2024, issued under Notification No. 04/19290-ET-4-2023/600, the state government announced the appointment
Merely entry in Form 26AS does not make it taxable, Revenue will have to prove income
In a recent ruling by the Income Tax Appellate Tribunal, Nagpur Bench, the appeal of Mr. Sanjay Kisan Chopde against the Income Tax Department for the assessment year 2014-15 was meticulously examined and adjudicated upon. The tribunal’s detailed order addressed a crucial matter concerning the
DRI seized 83.352 MT of Areca Nuts
The Directorate of Revenue Intelligence (DRI) recently made a significant breakthrough in its ongoing efforts to combat smuggling activities targeting India’s domestic industries. In a meticulous operation, DRI officials seized a substantial cache of Areca Nuts that were being smuggled into the country using a
“Streamlining GST: The QRMP Scheme Explained”
1. Introduction to the QRMP Scheme The Quarterly Returns with Monthly Payment (QRMP) Scheme is designed to streamline GST compliance for eligible taxpayers, allowing them to submit Form GSTR-1 and Form GSTR-3B returns quarterly while making monthly tax payments through a challan. 2. Eligibility Criteria
“Supreme Court Upholds Bail Denial in UAPA Case: Delay Not a Deciding Factor”
Background: The Supreme Court denied bail to a man charged under the Unlawful Activities (Prevention) Act, 1967 (“UAPA”) for allegedly promoting the Khalistani terror movement. The appellant had been in jail for over 5 years, with only 19 out of 106 witnesses examined during this
SCN demarcates boundary within which officer exercise power
Show Cause Notice demarcate the Boundary within which authority to exercise power, crossing such limit would undermines the rule of law and public trust. No action to be taken beyond SCN. Hon’ble Allahabad High Court in case of M/s Associated Switch Gears and Projects Ltd
CA Rachit AgarwalFeb 8, 2024If tax paid is more than ITC , 13(1)(f) will not apply
The Allahabad High Court ruled on a case involving the interpretation of Section 13(1)(f) of the Uttar Pradesh Value Added Tax Act, 2008 (UP VAT Act). This section pertains to the conditions under which input tax credit can be claimed by a
“Flipkart Triumphs: Supreme Court Greenlights Rs. 6.6 Cr VAT Refund”
“Supreme Court Upholds Delhi High Court Order, Grants Flipkart Rs. 6.6 Cr VAT Refund” The Supreme Court recently affirmed a significant decision by the Delhi High Court, allowing e-commerce giant Flipkart Pvt Ltd to claim a refund of Rs. 6.6 crore under the Delhi Value