Judgement

Failure to follow mandatory arrest procedure under BNSS renders GST arrest unlawful despite serious ITC allegations

Bombay High Court Declares GST Arrest Illegal for Violation of BNSS Safeguards

Orders

Maruti Suzuki India Lld informed stock exchanges that it has received an income tax demand of Rs 11,825 million and will appeal the order.

Maruti Suzuki Receives Rs 11,825 Million Income Tax Demand Order

Articles

The advisory is applicable to products such as pan masala, unmanufactured tobacco, cigarettes, cigars, chewing tobacco, etc.

GSTN Releases Advisory on RSP-Based Valuation of Notified Tobacco Goods under GST

The ITAT agreed with the CIT(A) that non-maintenance of the item-wise stock register alone cannot be the only reason to reject books.

AO Cannot Reject Books of Accounts Solely for Non-Maintenance of Stock Register: ITAT

ITAT deleted interest disallowance, holding that advances to other business were part of regular business transactions and not proved to be from borrowed funds.

ITAT Deletes Rs 75.61 Lakh Interest Disallowance for Interest-Free Business Advances

The ITAT upheld CIT(A)'s order ruling that once the sales are accepted, the entire purchases cannot be treated as non-existent.

Explore Our Blogs

Bombay High Court Declares GST Arrest Illegal for Violation of BNSS Safeguards

Maruti Suzuki Receives Rs 11,825 Million Income Tax Demand Order

GSTN Releases Advisory on RSP-Based Valuation of Notified Tobacco Goods under GST

AO Cannot Reject Books of Accounts Solely for Non-Maintenance of Stock Register: ITAT

ITAT Deletes Rs 75.61 Lakh Interest Disallowance for Interest-Free Business Advances

Only Profit Can be Taxed in Bogus Purchase Case: ITAT Rejects Revenue Appeal