Section 127 of the Income Tax Act-1961: Inconvenience of assessee has to be balanced against department’s right to carry its functions
Benefit of Circular 183/15/2022-GST dated 27-Dec-2022 resolving the ITC mistmatches between GSTR 3B and GSTR 2A applies to FY 2019-20 also: Karnataka High Court
Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 48th meeting held on 17th December, 2022 –reg.
Penalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements
Delayed filing of GSTR 1/3B & Denial of ITC vis a vis Principal of Natural justice and was violation of Article 14 of the constitution of India.
Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities abolished
Section 127 of the Income Tax Act-1961: There is no absolute right to be assessed in a particular Territory