Tax Guru59m
Summary, Highlights & Preface of Economic Survey 2024-25
Economic Survey 2024-25 forecasts India’s GDP growth between 6.3% and 6.8% for FY26, with real GDP at 6.4% in FY25, aligning with its decadal average. Inflation moderated to 4.9% in April-December ...
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IBC: Appeal Delay Beyond 15 Days Not Condonable – NCLAT Delhi
The NCLAT emphasized that under the IBC, strict adherence to the appeal timeline is necessary, and the tribunal has no discretion to extend the condonable period beyond 15 days. As a result, the ...
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No Service Tax Penalty If Tax dues Paid Before SCN: CESTAT Ahmedabad
CESTAT observed that since the appellant recorded the transactions in its books and voluntarily paid the tax and interest ...
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Orissa HC Reduces Tax Deposit Requirement for GST Appeal Stay
Orissa High Court heard the petition filed by Gobinda Chandra Behera against the Commissioner of CT and GST concerning the order dated November 28, 2024, passed by the First Appellate Authority. The ...
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Order Reducing 1% ITC under Rule 86B Set Aside for Lack of Personal Hearing
The Madras High Court recently reviewed a writ petition challenging an order under Rule 86B of the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017, regarding the reversal of 1% Input Tax Credit ...
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Exemption Under Section 54F Allowed Even If Claimed Post section 148 notice
“When the assessee invests the entire sale consideration in construction of a residential house within three years from the date of transfer can he be denied exemption under section 54F on the ground ...
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Section 12A Trust Registration Application cant be denied for Typo Error
The Tribunal set aside the CIT’s order and remanded the case for fresh adjudication, instructing the CIT to treat the application under the correct provision and assess it on merits. Additionally, ...
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Section 129 GST Penalty Set Aside, Matter Remanded for Readjudication
1. This writ petition has been filed by the petitioner aggrieved of the impugned demand of penalty order passed in form GST MOV- 09 dated 17.09.2024 by Respondent No.2 under the provisions of CGST/ ...
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Bombay High Court Dismisses GST Writ Petition, Cites Appeal Remedy
Bombay High Court dismissed the writ petition filed by Bekem Infra Projects Pvt. Ltd. challenging a GST adjudication order passed under Section 73(9) of the CGST Act, 2017. The petitioner contended ...
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HC allows GST Registration cancellation Revocation on Filing Returns & Payment of Dues
2. Petitioner is a proprietorship firm who runs a business under the name and style of ‘Shailendra Singh Petitioner deals ...
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Himachal HC Reviews GSTAT Eligibility Technical Member Relaxation Decision
Himachal Pradesh High Court is reviewing a case concerning the relaxation of eligibility criteria for the appointment of Technical Members (State) to the GST Appellate Tribunal (GSTAT). The case, Amit ...
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Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement
JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...