News

Tax Guru23m
AAR & AAAR Lack Jurisdiction to Decide Taxability Under Finance Act 1994
The Telangana AAAR, in Order-in-Appeal No. AAAR/03-2025 held as under: ...
Tax Guru26m
No ITC Admissible for Construction-Related Supplies & Services for Factory Building
Regarding the other capital goods like rails and electrification for the crane, the AAR ruled that once these items are ...
Tax Guru37m
Addition u/s. 68 based on non-appearance of directors is not sustainable: ITAT Mumbai
ITAT Mumbai held that mere non-appearance of directors is no basis for invoking provisions of section 68 of the Income Tax Act. Accordingly, addition towards share application money and share premium ...
Tax Guru39m
Challenge against order u/s. 153C dismissed due to existence of alternative remedy
Madras High Court held that writ against assessment orders issued under section 153C of the Income Tax Act is dismissed existence of alternative remedy. Accordingly, writ petition dismissed and ...
Tax Guru41m
Benefit under Amnesty Scheme admissible as notices deemed to be issued u/s. 73 of CGST Act in absence of ingredients of Section 74
Madras High Court held that in absence of suppression of facts, wilful misstatement or fraud, notice issued u/s. 74 of the CGST Act shall be deemed as notices and orders passed u/s. 73 of the CGST Act ...