Rejection of application u/s 119(2)(b) for condoning the delay in filing the Form 10B - delay was about 1257 days - Exemption u/s 10(23C) - assessment of trust - The High Court noted that the petitioner had a history of timely compliance with filing returns and Form 10B for other assessment years. Considering this, the Court inferred that the failure to file for the relevant assessment year was likely due to human error. The Court referred to a similar case where delay due to oversight by the auditor was accepted as reasonable cause. Ultimately, the Court allowed the writ petition, quashing the order of the revenue authority and condoning the delay in filing Form 10B. http://dlvr.it/T5xrTt #IncomeTax #Highlights #TaxLaws #TaxTMI
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Central Govt exempts Unit Run Canteen supply of goods under 2202 heading to authorized customers from GST Compensation Cess, effective 15/07/2024. http://dlvr.it/T9XvNR #GSTReforms #TaxExemption #UnitRunCanteen #CompensationCess #TaxLaw
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Railways exempts platform tickets, waiting rooms, battery cars, inter-zonal services, SPV infrastructure usage maintenance. Accommodation up to ₹20k/month for >= 90 days exempted. http://dlvr.it/T9XvN5 #RailwaysIndia #GSTExemptions #TaxReforms #TransportationServices
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Notice by non-Faceless Officer for escaped income invalid. Faceless assessment mandatory. Officer ignored submissions on project completion method. Assessee wins appeal. http://dlvr.it/T9Xpy2 #Tax #Assessment #FacelessScheme #JurisdictionIssue #AppealAllowed
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Impugned notice quashed due to lack of sanction for reopening assessment beyond 3 years, violating Section 151(ii). Notification can't override statute. http://dlvr.it/T9Xpy1 #TaxLaw #Assessment #Reopening #Sanction #StatutoryCompliance
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Refund: Unjust enrich Invoices - didn't mention duty. Stock transfers between units. Appellant bore duty burden. Price difference due to gold rate. Refund eligible. http://dlvr.it/T9XP8m #LegalPrecedent #TaxRefund #JudicialReview #FairTrade #JusticeServed
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Seeks to amend Notification No. 12/2017-Union Territory Tax (Rate), dated the 28th June, 2017 http://dlvr.it/T9XP88 #GST #Notifications #TaxLaws #TaxTMI
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Central Government exempts supply of goods falling under the heading 2202 by a Unit Run Canteen (URC) to authorised customers, from the whole of the Goods and Services Tax Compensation Cess leviable thereon under section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 http://dlvr.it/T9XKBd #GST #Notifications #TaxLaws #TaxTMI
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Recognition of BSE Limited as Research Analyst Administration and Supervisory Body (RAASB) and Investment Adviser Administration and Supervisory Body (IAASB) http://dlvr.it/T9XFJP #TaxLaws #Circulars #TaxTMI
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Seeks to amend Notification No. 14/2020-Customs (ADD) dated 9th June, 2020 in order to change the name of the producer viz. “ Shell Eastern Petroleum (Pte) Ltd ” to “Shell Singapore Pte. Ltd.”, in pursuance of DGTR recommendation . http://dlvr.it/T9XFJB #Customs #Notifications #TaxLaws #TaxTMI
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Seeks to amend Notification No. 2/2017-Union Territory Tax (Rate), dated the 28th June, 2017 http://dlvr.it/T9X9VM #GST #Notifications #TaxLaws #TaxTMI
