News

DRI busted a multi-city gold smuggling syndicate linked to Dubai and Bangladesh, seizing 29 kg of gold worth Rs 40 crore.

DRI Busts Massive Gold Smuggling Racket, Seizes 29 Kg Gold Worth Rs 40 Crore

Judgement

High Court sets aside a GST order after finding that the show cause notice mentioned ‘NA’ for personal hearing and no opportunity of hearing was granted.

Personal Hearing Marked ‘NA’: Court Strikes Down GST Order for No Hearing

Valuation for penalty must follow invoice; enhanced valuation under Section 129(1)(b) set aside.

GST Detention and Penalty Set Aside as HC Holds Invoice Value Cannot Be Enhanced

HC remands matter where assessing officer ignored binding circulars on valuation of corporate guarantee between related parties

GST Order on Corporate Guarantee Set Aside for Non-Consideration of CBIC Circulars

Non-filing of ITR by suppliers does not render purchases bogus, when purchases have been substantiated via invoices, GRNs, e-way bills, transport records, bank payments, GST data

Non-filing of ITR by suppliers does not render purchases bogus: ITAT

The Tribunal cited the case of Arvind Kumar Agarwal vs. ITO (supra), which also clarified that the condition requiring the timely submission of a return for claiming a deduction under section 10AA was applicable from 1.04.2024.

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DRI Busts Massive Gold Smuggling Racket, Seizes 29 Kg Gold Worth Rs 40 Crore

Personal Hearing Marked ‘NA’: Court Strikes Down GST Order for No Hearing

GST Detention and Penalty Set Aside as HC Holds Invoice Value Cannot Be Enhanced

GST Order on Corporate Guarantee Set Aside for Non-Consideration of CBIC Circulars

Non-filing of ITR by suppliers does not render purchases bogus: ITAT

ITAT: Section 10AA Deduction Can’t Be Denied for AY 2023-24 for Belated Return or Form 56F Filed Within Extended Time