No need of reversal of IGST Credit wrongly claimed instead of CGST & SGST: Calcutta High Court

GST On Rent: Residential vs. Commercial Properties

Export of shrimps in individual printed/plain pouches upto 25 Kgs being ‘Pre-packaged and Labelled’, liable to GST: AAR Tamilnadu

Input Tax Credit not admissible on installation of multi-layer car parking system: AAR Tamilnadu

Expenses incurred towards interior decoration work of rented office premises is allowable as Revenue Expenditure: Kolkata ITAT

CIT(A) is not empowered to dismiss the appeal for non-prosecution

In the absence of intention to evade tax, penalty order under section 129(3) is liable to be quashed

The amount received by the employee as a one – time voluntary payment in lieu of ESOPs of foreign parent of the employer do not form part of salary under Section 17

No need of reversal of IGST credit wrongly claimed instead of GSST & SGST

Taxpayers can’t be penalized for failure to get its Book of Accounts audited if there exists reasonable cause for such failure: Jaipur ITAT

Delhi ITAT quashed assessment passed without application of mind as approving Authority has acted as mere rubber stamp while granting approval u/s 153D

If the source of cash deposit is withdrawal and can be proved, cash deposit cannot be added U/S 68: ITAT

Whether a foreign company whose income is not taxable in India on account of application of DTAA can be issued notice u/s 148 for filing return of income without dealing with objections filed in response to notice u/s 148A(b)

Interest received from Credit Co-operative society – Whether exempt from Tax?

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