News

The Supreme Court has dismissed the GST department’s SLP against the Gujarat High Court order that set aside a Rs 34.83 crore GST demand proposed against Siemens Limited over transfer of leasehold interest in its Halol, Gujarat property.

Supreme Court Dismisses GST Department’s Plea Against Siemens; Rs 34.83 Crore Demand Set Aside

Judgement

ITAT Delhi held that an ITO lacked pecuniary jurisdiction to issue a Section 148 reassessment notice where the taxpayer’s returned income exceeded Rs 20 lakh, rendering the proceedings void ab initio.

ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab Initio

GSTAT quashes Rs 1.38 lakh e-way bill penalty, holding the seven-day deadline under Section 129(3) of the CGST/KGST Act mandatory.

GSTAT Quashes Rs 1.38 Lakh E-Way Bill Penalty, Holds Penalty Order Beyond 7-Day Limit Under Section 129(3) Is Illegal 

Delhi ITAT quashes a Rs 37.71 lakh tax assessment, holding that an ITO lacked jurisdiction to issue the Section 143(2) notice contrary to CBDT monetary limits.

ITAT Quashes Rs 37.71 Lakh Tax Assessment After ITO Issues Section 143(2) Notice Despite CBDT Jurisdictional Limits

The ITAT Ahmedabad held interest waiver taxable under Section 41(1) only where earlier deduction was claimed


ITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1)

The ITAT Ahmedabad rules Demonetisation cash deposits cannot be treated as undisclosed income when sales and business profits are offered to tax


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Supreme Court Dismisses GST Department’s Plea Against Siemens; Rs 34.83 Crore Demand Set Aside

ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab Initio

GSTAT Quashes Rs 1.38 Lakh E-Way Bill Penalty, Holds Penalty Order Beyond 7-Day Limit Under Section 129(3) Is Illegal

ITAT Quashes Rs 37.71 Lakh Tax Assessment After ITO Issues Section 143(2) Notice Despite CBDT Jurisdictional Limits

ITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1)

ITAT Deletes Rs.16 Lakh Addition on Demonetisation-Era Cash Deposits