The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that the addition could not be deleted for the only cause that the section under which the addition is made is cited incorrectly and that it is essential to look into the merits of the case. The bench of Anikesh Banerjee (Judicial Member) and Padmavathy […] The post ITAT Mumbai: IT Addition Can’t Be Deleted Solely Due to Erroneous Section Mention first appeared on SAG Infotech Official Tax Blog ..read more

The Madras High Court ordered a reconsideration of the case about the timely payment of Goods and Services Tax (GST) dues, especially addressing differences between Goods and Services Tax Returns (GSTR) 1 and GSTR 3B. This order complied with the observation of the court that even after recognizing the prompt payment of GST dues, the […] The post Madras HC Remands Case for Reconsideration: Disparity in GST Returns Ignored Despite Timely Payment first appeared on SAG Infotech Official Tax Blog ..read more

As of January 31 this year, a staggering 5,44,205 petitions awaited resolution within the norms of the Income Tax Department, with an additional 63,246 declining at different levels of appellate authorities including Income Tax Appellate Tribunals (ITATs), High Courts, and the Supreme Court. Despite the Central Board of Direct Taxes (CBDT) obligation to expedite proceedings, […] The post CBDT Starts Drive to Tackle Backlog of 0.54M Tax Appeals first appeared on SAG Infotech Official Tax Blog ..read more

Kerala High Court in its ruling carried that the demand for a late fee for belated GSTR 9C is invalid as the Central Goods and Service Tax ( CGST ) notification exempted the same and permitted the refund of the late fee paid. The court, the applicants shall not be authorized to claim a refund […] The post Late Fee Demand on GSTR 9C Invalid as per GST Notification: Kerala HC Orders Refunds first appeared on SAG Infotech Official Tax Blog ..read more

The Gujarat High Court in its ruling addressed the issue of rejection of GST appeals due to non or delayed submission of certified copies of uploaded orders. The matter comprises Otsuka Pharmaceutical India Pvt. Ltd., a company engaged in the manufacture and export of pharmaceutical products, registered under the GST Act. On the GST portal, […] The post Gujarat HC: Technical Glitch Won’t Sink GST Appeal: Order Copy Delay No Reason for Rejection first appeared on SAG Infotech Official Tax Blog ..read more

Duplication Found in Turnover Reconciliation and GSTR 3B and Form 26AS: Madras HC sets aside GST Demand Order on Pre-deposit Condition The Petitioner, Vadim Infrastructure Private Limited, is in engineering and construction services, contested the assessment order on 31.12.2023 and is assailed on the grounds of violation of principles of natural justice. The major observations […] The post Turnover Discrepancy in GSTR 3B and Form 26AS: Madras HC Rejects Tax Demand Order on Condition first appeared on SAG Infotech Official Tax Blog ..read more

In this article, we have explained an overview of accounting systems with their different scopes for individuals and companies. Industries, including trade, business, government, financial institutions, private citizens, and all other sectors are been counted under the accounting. All the activities are been regulated under the concepts of accounting. On the opposite side of the […] The post All Details About Accounting Systems with its Diverse Scopes first appeared on SAG Infotech Official Tax Blog ..read more

The Madras High Court in its judgment addressed an important issue related to the inadvertent error of citing the identical invoice number in multiple GST e-way bills. The matter of Vimal Traders Vs Assistant Commissioner (State Tax) emphasizes the importance of procedural fairness and consideration of proof in tax assessments. An applicant is a registered […] The post Same GST Invoice Number on Multiple E-way Bill? Madras High Court Quashes an Assessment Order first appeared on SAG Infotech Official Tax Blog ..read more

Tax is needed to be charged on the rent received from the Government social welfare college boys hostel, Telangana Authority for Advance Ruling (TAAR) ruled. It was noted that the petitioner is furnishing the renting of buildings to Greater Hyderabad Municipal Corporation (GHMC) and in municipalities and no direct relation is there between the services […] The post Telangana GST AAR: Rent from Government Boys Hostel Taxable Under Law first appeared on SAG Infotech Official Tax Blog ..read more

The matter of ACIT Vs Shanker Nebhumal Uttamchandani, as decided by ITAT Surat, emphasizes the importance of substantial proof in tax assessments, especially concerning additions incurred based on digital device data. The Assessing Officer (AO) had incurred the additions to the taxpayer’s income based on particulars discovered in the digital device at the time of […] The post ITAT Surat: WhatsApp Pics Alone Don’t Prove Income Without Verification first appeared on SAG Infotech Official Tax Blog ..read more