HC allowed refund on export where services are supplied by petitioner to its subsidiary which is outside India

Undisclosed income cannot be computed solely on the basis of the statement made during the search: Delhi HC

Guidelines for initiation of recovery proceedings before three months from the date of service of demand order

Compliance Calendar for June’2024

Assessee entitled to interest on GST Refund from the date of expiry of 60 days from the date of first application even if succeeded in appeal

CBDT issues notification on selection of cases for tax scrutiny.

Advisory on launch of E-Way Bill 2 Portal

CSR Expenditure Is Mandatory, Does Not Justify Disallowance Of Section 80G Deduction: ITAT

Invoicing Under GST: An Overview

Date of possession to be considered as date of purchase of property for claiming exemption u/s 54

Appellate Authority dismisses appeal due to payment of pre-deposit in Electronic Credit Ledger rather than Electronic Cash Ledger.

COMPLIANCE CALENDAR FOR JUNE, 2024

Liquidated damages received for delay in supply of assets are capital receipts: ITAT Kolkata

Sec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai

Don’t forget to file statement of financial Transaction (SFT) by 31st May

Bombay High Court allowed the supplier to correct the GSTIN of the buyer in its GSTR-1 for FY 2018-19 so that buyer can avail ITC.

Manner of Service of Notice discussed by P & H High Court

How maintaining proper records saved a taxpayer’s right to avail ITC even when the supplier defaulted in payment of taxes and filing returns