Tax Guru4h
ITAT Quashes Unjustified Addition, Orders Refund & Action Against AO
The ITAT found that the addition made by the assessing officer was unjustified, as Bhargava had provided substantial documentation, including sale deeds and bank statements, to substantiate the source ...
Tax Guru4h
Income Tax Section 263 Order Cannot Be Construed as Closed Remand: Kerala HC
The Kerala High Court addressed an income tax appeal concerning the nature of an order passed by the Commissioner of Income Tax under Section 263 of the Income Tax Act. The assessee, Malabar Institute ...
Tax Guru4h
Kerala VAT: Fresh Assessment After Remand Nullifies Original Order – HC
The Kerala High Court addressed a revision petition concerning the Joint Commissioner’s jurisdiction to initiate proceedings against an assessment order. The petitioner, a manufacturer of unbranded ...
Tax Guru4h
ITAT Surat condones appeal delay due to non-service of assessment order
Surat addressed an appeal concerning a delayed filing due to the alleged non-service of an assessment order. The assessee, Harendrsinh Anupsinh Mahida, challenged an order passed by the National ...
Tax Guru4h
GST Appeal Period for Challenging Assessment Starts from Rectification Rejection Date
The respondent, represented by the Additional Government Pleader, countered that the rectification application was thoroughly reviewed. They stated that the application was rejected due to the ...
Tax Guru4h
Assessment Set Aside as CIT(A) Failed to Consider Satisfaction Note & Seized Evidence
The ITAT found that the CIT (A) had failed to adequately address the assessees’ contentions, merely stating that satisfaction was recorded and evidence existed, without providing specific details or ...
Tax Guru4h
Interim Stay Granted; Non-Constitution of GSTAT; 10% Pre-deposit Mandated
The directions included a requirement for the assessee to deposit 10% of the disputed tax amount upon filing the appeal and an additional 20% of the remaining disputed tax to stay the impugned order.
Tax Guru5h
Importer’s Acceptance Alone Not Sufficient for Customs Valuation: CESTAT Chennai
CESTAT Chennai Sets Aside Re-Determined Customs Valuation in Anisha Trends Case: The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, ruled on an appeal filed by Anisha Trends ...
Tax Guru5h
Bombay HC Allows 2372-Day Delay in Form 10B Upload Due to Physical Filing
Bombay High Court ruled in favor of Borivli Education Society, condoning the delay in electronically filing Form 10B for claiming tax exemption under Section 11 of the Income Tax Act, 1961. The ...
Tax Guru5h
SEBI Relaxes Advance Fee Rules for Investment Advisers & Research Analysts
SEBI has issued a circular (SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/48) dated April 2, 2025, relaxing advance fee restrictions for Registered Investment Advisers (IAs) and Research Analysts (RAs).
Tax Guru5h
FSSAI Expands Eligibility Criteria for Food Safety Officers
In addition to previously approved disciplines, the new eligibility criteria now include degrees in Bachelor of Medicine and Bachelor of Surgery (MBBS), Bachelor of Dental Surgery (BDS), and various ...
Tax Guru5h
IFSCA Fee Structure for Payment System Operators in IFSC
The new fee structure is in line with the circular issued on May 17, 2023, regarding fees for entities undertaking financial activities in IFSC. All previous provisions remain applicable. Payment ...