Tax Guru

GST Registration Cannot Be Cancelled Retroactively Without specific SCN

Andhra Pradesh High Court set aside a GST cancellation order, ruling that retrospective cancellation date was invalid as show ...
Tax Guru

Delhi HC Allows Petitioners to Seek Anticipatory Bail in GST Case

Delhi High Court permitted petitioners to seek anticipatory bail under Cr.P.C. Section 438 for CGST offences, citing the Supreme Court's clarification in the Radhika Agarwal case. The interim ...
Tax Guru

GST on Flavoured Milk: Kerala HC Orders Fresh Assessment at 5% Rate

Court directed a fresh assessment, holding that flavoured milk is correctly classified as milk with added sugar (Entry 0402). This classification takes precedence over general beverage entry, ensuring ...
Tax Guru

SC directs consideration of Charitable Status as per AUDA Judgment

Supreme Court ruled that High Court erred by dismissing Revenue's appeal based only on old precedent without examining current facts. Judgment emphasizes that new AUDA tests must be applied to ...
Tax Guru

Section 148 Notice Issued After Limitation Quashed by Karnataka High Court

Karnataka High Court held that a reassessment notice issued on 7 May 2024 for AY 2017–18 was beyond six-year limitation period under Section 149 of Income Tax Act and therefore ...
Tax Guru

Delay in 80G Application Can Be Condoned Under Amended Law: ITAT Chennai

ITAT Chennai set aside the rejection of an 80G registration application, holding that the prescribed timelines are directory, not mandatory. The Tribunal directed the CIT(E) to process the delayed ...
Tax Guru

ITAT Allows Belated 80G Application to Be Considered Under Amended Clause (iv)(B)

CBDT deadline could be treated as filed under the new clause (iv)(B) of Section 80G(5), introduced by the Finance Act, 2024. The matter was remanded to CIT(E) for ...
Tax Guru

IFSCA Drafts Pension Fund Rules for NRI, Foreign Citizens

IFSCA proposes 2025 Pension Fund Regulations to create a regulated retirement savings framework for NRIs and foreign citizens ...
Tax Guru

Consultation Paper on proposed IFSCA (Pension Fund) Regulations, 2025

IFSCA releases proposed Pension Fund Regulations 2025 for GIFT-IFSC, aiming to create a global forex pension hub for NRIs and ...
Tax Guru

GSTAT Closes Anti-Profiteering Case After Voluntary Refund of ITC Benefit by Contractor

GSTAT upheld DGAP’s findings that residual ITC benefit of ₹3.55 lakh was passed on by contractor to IOCL, closing anti-profiteering proceedings under Section ...
Tax Guru

Reassessment Notices Quashed as Beyond Scope of Section 151A: Karnataka HC

The Karnataka High Court quashed the entire chain of faceless reassessment proceedings, including Section 148A, Section 147, and penalty orders. The ruling was based on the reason that the notices ...
Tax Guru

Reassessment under Section 153A Invalid Without Incriminating Material: Karnataka HC

The Karnataka High Court ruled that reassessment under Section 153A is invalid when no incriminating material is found during a search. The Court held that conversion of a firm into a company, ...