Tax Guru

Section 158BD Assessment Valid for Wife Based on Diary Seized from Husband’s Premises

The court held that undisclosed investments in school property could be assessed against the wife due to her familial control ...
Tax Guru

GST Advance Ruling Denial Set Aside Because Prior Proceedings Had No Merits Decision

The Court held that the authority could not reject the ruling request based on earlier proceedings that were closed without ...
Tax Guru

Deemed Rent Upheld Using Online Data; Interest Deduction Remanded

Addition of Rs. 2.82 lakh for deemed rent was maintained due to lack of credible evidence from the assessee. Loan interest is ...
Tax Guru

Excise Duty Valuation Cannot Include Sales Tax Paid at NPV Under Incentive Scheme: CESTAT Mumbai

CESTAT Mumbai rules that sales tax discharged at net present value under a state incentive scheme cannot be included in transaction value for central excise ...
Tax Guru

Technical Delay in Form 10AB Filing Cannot Block 80G Recognition: ITAT Chennai

The Tribunal noted that amendments introduced by the Finance Act 2024 permit fresh filings after commencement of activities. The delayed application was remanded to the CIT(E) for consideration under ...
Tax Guru

RBI (Local Area Banks – Credit Facilities) Directions, 2025

The Directions stipulate that all loans must be disbursed and repaid directly through borrower accounts, prohibiting third-party control, including LSPs, to safeguard borrower ...
Tax Guru

Goods Already Re-Exported Cannot Be Confiscated Under Customs Act: CESTAT Mumbai

CESTAT ruled that absolute confiscation of prohibited goods is not valid if the goods have been re-exported before the appeal. The judgment reinforces the principle that confiscation requires the ...
Tax Guru

Kerala HC: Lower Conversion Factor Applies to Pre-2012 Myanmar Timber Imports; Additional Duty Refund Allowed

Kerala High Court allows refunds of additional customs duty on timber imports from Myanmar using the lower conversion factor of 1.416 cubic meters per Hoppus ton for imports before 11 May ...
Tax Guru

Delhi HC Flags Errors in GST SCNs; ITC Fraud Issues to Be Raised in Statutory Appeal

Delhi High Court dismisses writ petition challenging GST order, directing taxpayers to use statutory appeal under Section 107 due to complex ITC fraud ...
Tax Guru

Bogus Political Donations: ITAT Ahmedabad denies Section 80GGC Deduction

The tribunal ruled that funds donated to certain political parties were routed back to the donor, lacking genuineness. Deductions under Section 80GGC were disallowed as a ...
Tax Guru

Wrong PIN Code on GST Invoice Not a Valid Reason for GST Detention: Allahabad HC

The court ruled that a minor error in the PIN code of a consignee does not justify seizure under Section 129 of the CGST Act. The High Court emphasized that CBIC circulars are binding and no tax ...
Tax Guru

Limitation Not a Ground to Reject GST Registration Cancellation Appeal: Karnataka HC

The Court allowed the petitioner to file an appeal within four weeks and directed the Appellate Authority to decide on substantive grounds. This establishes that procedural delays should not bar ...