Introduction: In a recent ruling, the Telangana Authority for Advance Ruling (AAR) tackled a significant issue concerning the taxation of rental income from government welfare hostels. This ruling has implications for the eligibility of tax exemption under Notification No. 12/2017-Central Tax (Rate). Background: Navya Nuchu,
Introduction: In an effort to address disparities between reported interest and dividend income by taxpayers and the data received from third-party sources, the Income Tax Department has taken proactive steps. The department has introduced a user-friendly on-screen functionality on the Compliance portal of the e-filing
Introduction: In a recent directive, the Supreme Court called upon the Chief Justice of the Bombay High Court to ensure swift adjudication of bail and anticipatory bail matters. Background: Justices B.R. Gavai and Sandeep Mehta emphasized the need for expeditious resolution of such cases, urging
Introduction: The Manipur government, led by Chief Minister N. Biren Singh, is gearing up for significant legislative discussions and policy decisions during the forthcoming assembly session, slated to commence on February 28. These initiatives were disclosed following a cabinet meeting presided over by Chief Minister
Introduction: On February 22, 2024, the GST enforcement department of Chhattisgarh conducted a targeted operation at manufacturing plants in Urla and Siltara, revealing significant tax evasion practices within the iron and steel production sector. Key Findings: The investigation identified three major companies, Shyam Steel Industries,
Background: Justice Shekhar B Saraf, in a ruling on the penalty under Section 129 of the Uttar Pradesh Goods and Service Tax Act, 2017, emphasized that while petitioners must demonstrate absence of tax evasion, the burden falls on the department to prove intentional tax evasion
Introduction: In a recent ruling by the West Bengal Authority for Advance Ruling (AAR), the GST exemption status for dredging services provided to the government was clarified. This ruling, issued in the case of In Re. Dredging and Desiltation Company (P.) (Ltd.), sheds light on
Background: Refund Claim: M/s. MPPKVV Co. Ltd. sought a refund of INR 3,83,67,782/- for the period between January 20, 1978, and January 07, 1991. Rejection and Appeals: The Assistant Commissioner rejected the refund on December 28, 2017. The Appellant filed a writ petition before the
Introduction: In the dynamic realm of real estate, ensuring transparency and protecting consumer interests are paramount. Real Estate Regulatory Authorities (RERAs) play a pivotal role in achieving these objectives. However, recent discussions have arisen regarding the applicability of Goods and Services Tax (GST) on RERAs,
Background: In a recent legal development, the Allahabad High Court has made a significant ruling in a case involving the e-commerce giant Flipkart. This ruling, delivered by Justices Saumitra Dayal Singh and Shiv Shanker Prasad, has drawn attention to the burden of proof in cases
