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Consequences if one fails to furnish three consecutive returns of GST and the department cancels the registration?

Consequences if one fails to furnish three consecutive returns of GST and the department cancels the registration? Article 226 of the Constitution of India or Supreme Court under Article 32 cannot be restricted by the provision of any Act…
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Cases Income tax

February 22, 2023

Consequence when there is a delay of only 41 minutes in delivering the consignment and the Adjudicating Authority passed the order of creating Demand of Tax and Penalty of Rs.19,52,542/-

Consequence when there is a delay of only 41 minutes in delivering the consignment and the Adjudicating Authority passed the order of creating Demand of Tax and Penalty of Rs.19,52,542/- HIGH COURT OF CALCUTTA hold that Rule 138 of the CGST Rule…
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Central Goods and Services Tax Act 2017, Central Goods Service Tax Rules 2017, CGST, Rule 138, Section 129

February 22, 2023

Mere pendency of that investigation would not sustain a Provisional Attachment Order(POA) based on allegations which do not form part of those proceedings. Delhi High Court passed the order on 24.01.2023. Kindly click the link to get full order.

Mere pendency of that investigation would not sustain a Provisional Attachment Order(POA) based on allegations which do not form part of those proceedings. Delhi High Court passed the order on 24.01.2023. Kindly click the link to get full order. FCA…
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120B, 1860, 1956, 1973, 2(1)(u), 2(u), 2(v), 3, 420, 45, 482, 5, 8, 8(5), 81, Companies Act, Cr.P.C., Indian Penal Code, MCA, Prevention of Money Laundering Act

January 31, 2023

Q: Whether outstanding demand from a company can be recovered u/s 179 from the director of the company without pointing out that non-recovery was on account of gross negligent, misfeasance or breach of duty on part of the Director in relation to the affairs of the company? The answer was given by The Hon’ble High Court Of Gujarat on dated 16.12.2022

Kindly click the link below to get full order in PDF:- The Hon’ble High Court Of Gujarat on dated 16.12.2022 in the case of DEVENDRA BABULAL JAIN vs ITO Section 179i Q: Whether outstanding demand from a company can…
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179, Gujrat High Court, High Court, In Favour of Assessee

December 27, 2022

48th GST Council recommendation. Very useful to note

B. P. Mundra & Co. 91-141-2225110, 2224085, 2225116, 2222541, Chartered Accountants Mobile:9314501680, 9314501791 822-A, Mundra House, Email:bpmundra2@gmail.com Shivaji Nagar, Civil Lines, website:www.bpmundraca.com Jaipur- 302006. समझदारी एवं मानवता से काम करें आपके मन के काम अपने आप पूरे हो जाएंगे…
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GST, GST Council recommendation

December 20, 2022

Q: Can income tax officer order for Provisional attachment of cash, bank, any property belonging to the assessee? HIGH COURT OF GUJARAT passed the order on dated 29/11/2022.

Q: Can income tax officer order for Provisional attachment of cash, bank, any property belonging to the assessee? HIGH COURT OF GUJARAT passed the order on dated 29/11/2022. Kindly click the link to get full judgement. Head Notes:- Provisional attachment…
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132(9B), Cases Income tax, High Court of Gujarat, In Favour of Assessee

December 16, 2022

Question Whether van rent received and paid by the educational institute appearing in both side of income of expenditure account will be counted for calculating turnover of the assessee to allow the benefit U/s 10(23C) of the Act. ITAT AMRITSAR BENCH, AMRITSAR passed the order on 10.8.2022 in thc case of Baba Farid Public Welfare Society vs. ITO (Exemptions), Ward, Amritsar

Question Whether van rent received and paid by the educational institute appearing in both side of income of expenditure account will be counted for calculating turnover of the assessee to allow the benefit U/s 10(23C) of the Act. ITAT AMRITSAR BENCH, AMRITSAR passed…
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10(23C)(iiiab), AY 2015-16, In Favour of Assessee, ITAT Amritsar ‎

December 13, 2022

Bail can be granted in PMLA cases on the ground of serious medical condition. there is no longer rigor of said two conditions under the Original Section 45(1)(ii) of the PML Act for releasing the petitioner on bail.On filing SLP by the department, SUPREME COURT OF INDIA on dated date 20.10.2022 Imposed cost of Rs. 1 lac holding as it is unnecessary SLP. Section 45(1)(ii)

Bail can be granted in PMLA cases on the ground of serious medical condition. On filing SLP by the department, SUPREME COURT OF INDIA on dated date 20.10.2022 Imposed cost of Rs. 1 lac holding as it is unnecessary SLP. Section…
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2002, Cr.P.C., Section 439, Section 45, Section 45(1)(ii)

October 29, 2022

Whether claim not made in ITR, can be made before the appellate authorities? ITAT, RAIPUR BENCH, RAIPUR passed the order on 02.02.2022.

Whether claim not made in ITR, can be made before the appellate authorities? ITAT, RAIPUR BENCH, RAIPUR passed the order on 02.02.2022. To get the full order kindly click the link Key Tag: can Claim be made before the appellate authorities even though not made in ITR, Section 254, Section 147, Section 148, Section…
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139(1), 147, 148, 251(1)(a), 254, AY 2007-08, ITAT Raipur

October 28, 2022

Please deposit employees’ contribution deducted on or before the due date otherwise the right to claim such sums as allowable deduction while computing the income was lost forever. Income Tax Act, 1961. Sections 36(1)(va), 43B – Very important Hon’ble Supreme Court decision on October 12, 2022

To view / download the order in PDF kindly click the link below 43B JUDGEMENT 20221012 HEAD NOTE Please deposit employees’ contribution deducted on or before the due date otherwise the right to claim such sums as allowable deduction while computing the income was lost forever….
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36(1)(va), 43B, In favour of Revenue, Supreme Court

October 14, 2022