Burden of Proof for Double Movement under GST Lies on Department: Allahabad HC
Tax Guru
by CA Sandeep Kanoi
4h ago
Allahabad HC rules that the burden to prove double movement of goods under UPGST lies with the department, quashing seizure and penalty orders against K Y Tobacco Works Pvt Ltd. The post Burden of Proof for Double Movement under GST Lies on Department: Allahabad HC appeared first on TaxGuru ..read more
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SEBI Master Circular 2024: Guidelines for Stock Brokers
Tax Guru
by editor
6h ago
Stay updated with SEBI's latest directives for stock brokers. Learn about the Master Circular 2024, its revisions, and implications for the market. The post SEBI Master Circular 2024: Guidelines for Stock Brokers appeared first on TaxGuru ..read more
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Section 7: Scope of Supply – Applicability of GST under different scenarios
Tax Guru
by CA Pooja Khatod
6h ago
Explore applicability of GST in various scenarios under Section 7 of CGST Act, including free samples, discounts, exports, license fees, director's remuneration, and guarantees. The post Section 7: Scope of Supply – Applicability of GST under different scenarios appeared first on TaxGuru ..read more
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Section 11 Exemption can’t Be denied for Meager Profit from Public Utility Services
Tax Guru
by CA Sandeep Kanoi
6h ago
ITAT Kolkata rules in favor of Institute of Indian Foundrymen, directing AO to allow tax exemption under Section 11 of the Income Tax Act for meager profits from public utility services. The post Section 11 Exemption can’t Be denied for Meager Profit from Public Utility Services appeared first on TaxGuru ..read more
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TDS Return Filing in Form 24Q Instead of 26Q Shouldn’t Attract Late Fees if No Revenue Loss
Tax Guru
by CA Sandeep Kanoi
6h ago
Read the detailed analysis of Birla Cement Works STFF Provident Fund's appeal against the late fee imposed under section 234E of the Income Tax Act. ITAT Jodhpur's order considered technical errors and the impact of COVID-19. The post TDS Return Filing in Form 24Q Instead of 26Q Shouldn’t Attract Late Fees if No Revenue Loss appeared first on TaxGuru ..read more
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SEBI Master Circular on Debt Securities and Commercial Paper
Tax Guru
by Editor6
6h ago
Explore SEBI's Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, and more. Stay compliant with SEBI regulations. The post SEBI Master Circular on Debt Securities and Commercial Paper appeared first on TaxGuru ..read more
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Alleged excess claim of Input Tax Credit: Delhi HC Orders Re-Adjudication
Tax Guru
by CA Sandeep Kanoi
6h ago
Delhi High Court restores matter to proper officer for adjudication of SCN on no excess claim of ITC. Learn about the case and its implications. The post Alleged excess claim of Input Tax Credit: Delhi HC Orders Re-Adjudication appeared first on TaxGuru ..read more
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Detention charges qualifies as operational debts under IBC: NCLT
Tax Guru
by CA Sandeep Kanoi
7h ago
Get insights into the NCLT Mumbai judgment regarding detention charges as operational debts under the IBC. Detailed analysis of ABC India Ltd. Vs Prabhakar Engineers Pvt. Ltd. case. The post Detention charges qualifies as operational debts under IBC: NCLT appeared first on TaxGuru ..read more
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No Additions Based on Email Without Corroborative Evidence: ITAT Delhi
Tax Guru
by CA Sandeep Kanoi
7h ago
Read the detailed analysis of Amit Katyal Vs DCIT (ITAT Delhi) where no corroborative evidence was found to prove a Rs. 5 crore payment, leading to deletion of the addition. The post No Additions Based on Email Without Corroborative Evidence: ITAT Delhi appeared first on TaxGuru ..read more
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Post approval of resolution plan by CoC, no new claims should be entertained: NCLT Mumbai
Tax Guru
by CA Sandeep Kanoi
7h ago
The NCLT Mumbai ruled that claims filed after CoC approval of a resolution plan cannot be admitted, emphasizing the need for timely claim submissions in CIRP. The post Post approval of resolution plan by CoC, no new claims should be entertained: NCLT Mumbai appeared first on TaxGuru ..read more
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