Judgement

The Supreme Court has ruled that genuine buyers under the DVAT Act cannot be denied Input Tax Credit (ITC) if the seller fails to deposit VAT, protecting bona fide purchasers from seller defaults.

Supreme Court Upholds ITC Benefit for Bona Fide Purchasers Under DVAT

Articles

Taxpayers who need to file an Updated Return (ITR-U) for AY 2023-24 can download these utilities directly from the Income Tax e-Filing portal.

Excel Utilities for Filing Updated ITRs for AY 2023-24 Now Available on I-T Portal

High Court allows revision and holds reassessment under Section 29(7) valid where Additional Commissioner’s permission was on record.

High Court Allows Revision; Reassessment Upheld Under Section 29(7) of UP VAT Act

HC allows revision and sets aside penalty u/s 54(1)(14) of the UP VAT Act where goods were for business use and a blank Form-38, without corroboration, did not indicate intent to evade tax

HiHigh Court Quashes Penalty of Rs. 1.5 Lacs; Holds Blank Form-38 Alone Insufficient to Infer Tax Evasion

High Court Quashes Penalty of Rs. 1.5 Lacs; Holds Blank Form-38 Alone Insufficient to Infer Tax Evasion

Allahabad High Court quashes cancellation and appellate orders where show-cause notice failed to disclose the proper officer and no personal hearing was afforded; remands matter for fresh adjudication with directions.

High Court Quashes GST Registration Cancellation Passed Without Proper Notice or Hearing

High Court quashes reassessment order and demand notice passed under Sections 147 and 156 of the Income Tax Act for violation of natural justice and absence of personal hearing.

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Supreme Court Upholds ITC Benefit for Bona Fide Purchasers Under DVAT

Excel Utilities for Filing Updated ITRs for AY 2023-24 Now Available on I-T Portal

High Court Allows Revision; Reassessment Upheld Under Section 29(7) of UP VAT Act

High Court Quashes Penalty of Rs. 1.5 Lacs; Holds Blank Form-38 Alone Insufficient to Infer Tax Evasion

High Court Quashes GST Registration Cancellation Passed Without Proper Notice or Hearing

High Court Quashes Reassessment and Demand Notice Passed Without Granting Opportunity of Hearing