Reassessment quashed as there was tangible material in possession of AO at the time of reopening and re-pening based merely on CIB Report alone

Recent Posts

• Important GST Council Recommendations during 54th GSTC Meeting:
• Where there is no substantial question of law, interference with the findings of Tribunal is not warranted: MP High Court
• Tax Clearance Certificate for Foreign Travel: Confusion & Clarification
• Section 2(22)(e) covers only direct benefit received by the shareholder from any payment made by the company, and not indirect benefit derived from any other transaction.
• Guidelines for better administration by tax officers issued by Commercial Tax Department, Chennai
• Filing Form 10/10B is merely directory in nature and failure to furnish Form 10/10B before the due date cannot be so fatal as to deny the claim of exemption under section 11(2): ITAT Hyderabad
• ROC imposed penalty on a company for contravention of Section 90(4A) and Section 90(5) of the Companies Act, 2013
• Change in the GST Act effective from 1st September 2024
• 360 Degree overview of the E-disputes Resolution Scheme – 2022
• ITAT Mumbai started following Hexaware Technologies