Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itSelect the reason for validity check
I feel great..the news is still good.please give the reason too..thanks..
Why do you think the News as invalid?” Please mention the reason.
I appreciate your effort. May I request you to select one of the reasons from below.
I am marking this post and your reason to Thakurani Moderators. They will take appropriate action.
Thanks,
Write your reason
My Dear ,
Please write your reason against the objection raised in the box below.
Thanks,
Yours sincerely,
My Dear ,
I appreciate your effort.
May I request you to select one of the reasons for purging from below.
Harassing
Disrespectful or rude towards a person or a group.
Spam
Promotes an undisclosed link or product or service.
Ingenuine
Not seeking genuine answers .
Rotten
Vulgar, Obscene, abusive etc..
Alien
Not a post on law or business.
Plagiarism
Copied from other website or source and pasted here.
Unformatted
Has bad format, grammar, spelling so requires moderatation.
Thank you,
Yours sincerely,
Aaradhika, Thakurani's bestie
A9 Top Floor C Block Community Center, Naraina Vihar
New Delhi, Delhi 110028
View and comment on the tax updates on a single page
Do you think that the tax news in simple language are better? Can you write them in simple language? and then broadcast? Then Write them at shocks n mocks.
About shocksnmocks
-
The fact that the Revenue has not obtained any information per se cannot be a g…
Held DCIT while passing the impugned order has not dealt with such aspect and has rejected the application on its merits. In the present proceedings, wherein the Assessee has sought for setting aside of the impugned order, submission is made by t…
Login to write your news
Jitender Kumar, Adv. for the Petitioner. Sanjay Kumar, Easha Kadian, Adv. for t…
Jitender Kumar, Adv. for the Petitioner. Sanjay Kumar, Easha Kadian, Adv. for the Respondent.
Login to write your news
Search and seizure—Assessment in case of search— It is case of appellant that a…
Held Both ITAT as well as the CIT(A) have placed reliance on and upheld the adoption of the Accounting Standard AS-7 by the assessee for determination of its revenue. Appellant does not deny that incase the case of the Revenue is to be accepted, …
Login to write your news
Yuvraj Singh with Chetan Kumar Shukla, Advocates for the Petitioner. Zoheb Hoss…
Yuvraj Singh with Chetan Kumar Shukla, Advocates for the Petitioner. Zoheb Hossain for the Revenue.
Login to write your news
Addition u/s 153C is not sustainable where on perusal of the seized document it…
Held ITAT in its impugned order has concluded that there was no corroborative evidence or statement to prove that the payment had been received by the assessee other than cheque amount as entered in the sale agreement. The Tribunal had observed t…
Login to write your news
Section 240 of the Act embodies the salutary principle of right of the assessee…
Held Assessee prior to the filing of the present writ petition had made a request to Revenue vide application requesting thereby to Revenue to grant refund of income tax due for the assessment years 1996-97 to 2016-17. However, the said applicati…
Login to write your news
Kavita Jha, Advocate for the Petitioner. Shailendra Singh, Advocate for the Res…
Kavita Jha, Advocate for the Petitioner. Shailendra Singh, Advocate for the Respondent.
Login to write your news
When provisions of Act are more beneficial to assesse, the Act will prevail ove…
Held In order to qualify as royalty payment, it is necessary to establish that there is transfer of all or any rights (including the granting of any licence) in respect of copyright of a literary, artistic or scientific work. In order to treat th…
Login to write your news
Madras High Court Allows Accused to Skip Most Hearings in Cheating Case
This case involves V. Maiyappan (the petitioner/accused) seeking to quash criminal proceedings against him in a case of alleged cheating and conspiracy related to the misappropriation of company funds. The Madurai Bench of the Madras High Court decl…
Login to write your news
Court Orders Release of Seized Goods, Rejects Invalid Seizure Ground
This case involves M/S. MAA VINDHYAVASINI TOBACCO (P.) LTD. challenging the seizure of their goods by the State of U.P. The court ruled in favor of the petitioner, ordering the release of the seized goods upon furnishing security. The court found on…
Login to write your news
Court Denies Bail in GST Fraud Case, Rejects Public Interest Litigation
This case involves a petition filed as a Public Interest Litigation (PIL) by a practicing advocate. The petitioner challenged the grant of bail to a co-accused in a criminal case related to GST fraud. The court dismissed the petition, stating it did…
Login to write your news
Court directs revenue to file steps taken for GST appellate tribunal formation,…
In a case involving M/S. JAI BABA AMARNATH INDUSTRIES vs. STATE OF U.P. AND 3 OTHERS, the Allahabad High Court directed the revenue authorities to file an affidavit detailing the steps taken for the constitution of the Goods and Services Tax Appella…
Login to write your news-
Court rules that withholding tax on dividends for Dutch companies in India shou…
Income Tax,Jun. 10, 2021In the case of Concentrix Services Netherlands B.V. & Anr. vs. Income Tax Officer (TDS) & Anr., the court addressed a dispute over the withholding tax rate on dividends paid from Indian companies to Dutch companies. The main issue was whether the tax rate could be reduced to 5% based on a double taxation avoidance agreement (DTAA) between India and the Netherlands. The court ultimately decided that the withholding tax should indeed be 5%, aligning …
-
High Court upholds taxpayer’s win: Section 50C wrongly applied when total sale …
Income Tax,Jun. 26, 2022This case involves a dispute between the Principal Commissioner of Income Tax and Shailja Pasricha over the application of Section 50C of the Income Tax Act. The tax department tried to add Rs. 9.6 crores to Ms. Pasricha’s income, claiming she should have received more money from a land sale based on circle rates. However, both the CIT(A) and ITAT found that the total sale consideration of Rs. 35 crores was actually above the circle rate, and the b…
-
Court rejects tax addition based on third-party documents without proper eviden…
Income Tax,Jun. 26, 2022This case involves a tax dispute where the Income Tax Department tried to add Rs. 4 crores to Ganesh Plantation Ltd.'s income based on documents seized from a completely different company (Venus Group). The tax authorities claimed this was “unexplained cash credit” under Section 68 of the Income Tax Act. However, both the appellate authorities and the High Court rejected this addition, finding that the tax department failed to establish any credibl…
-
Tax dept loses appeal on penny stock scam due to retrospective circular interpr…
Income Tax,Jun. 26, 2022This case involves the Principal Commissioner of Income Tax challenging a decision by the Income Tax Appellate Tribunal (ITAT). The tax department wanted to pursue an appeal against Denisha Rajendra Keshwani regarding alleged bogus Long Term Capital Gains (LTCG) from penny stocks, but the ITAT dismissed their appeal due to low tax effect (below the monetary threshold). The department argued that a later CBDT circular should allow them to proceed re…
-
Court quashes tax assessments for giving charity only 48 hours to respond
Income Tax,Jun. 26, 2022This case involves a charitable society called Sree Narayana Dharma Sabha Sreyas that got into trouble with the Income Tax Department. The charity filed returns showing zero income for two years (2015-16 and 2016-17), claiming all their income went to charitable purposes. However, the tax department reopened their assessments and gave them extremely short notice periods (just 48 hours) to respond to show cause notices. When the charity couldn’t res…
Court rules Section 80AB can’t limit tax deductions under Sections 80I & 80HH
This case involved Win Laboratories Ltd. challenging a tax tribunal’s decision that required them to set off losses from one division against profits from another before claiming tax deductions. The High Court sided with the company, ruling that Section 80AB of the Income Tax Act cannot be used to curtail the width of deduction provisions like Sections 80I and 80HH, following Supreme Court precedent.
Income Tax,Jun. 26, 2022-
Gauhati High Court Revokes GST Registration Cancellations, Upholds Taxpayer Rig…
Goods & Services Tax,Jun. 11, 2025In a significant ruling, the Gauhati High Court addressed the cancellation of GST registrations for multiple petitioners, emphasizing the need for proper notice and opportunity to be heard before such actions are taken. The court quashed the cancellations and mandated the filing of overdue returns.
-
Delhi HC defers GST notification challenge, lets taxpayer re-argue case pending…
Goods & Services Tax,Jun. 11, 2025Garg Agency challenged the validity of certain GST notifications and related orders, arguing they were issued without proper procedure. The Delhi High Court, noting that the Supreme Court is already considering the same issue, set aside the ex-parte order against Garg Agency and allowed them another chance to present their case, while keeping the question of the notifications’ validity open until the Supreme Court decides.
Delhi High Court directs GST fraud petitioners to appeal, not seek writ relief
Goods & Services Tax,Jun. 11, 2025This case involves several traders accused of fraudulently availing Input Tax Credit (ITC) under the Central Goods and Services Tax Act, 2017 (CGST Act) by generating fake invoices without actual supply of goods. The petitioners challenged the tax authority’s order in the High Court, claiming violations of natural justice. The Court, however, found no such violation and directed the petitioners to pursue their statutory appeal instead of seeking re…
Delhi HC: Refund Can’t Be Withheld Without Appeal Against Appellate Order
This case involves M/s JVG Technology Private Limited, an exporter of mobile phones, who sought a GST refund that was initially denied by the tax department but later allowed by the Appellate Authority. Despite this, the department withheld the refund, citing possible revenue loss. The Delhi High Court ruled that unless the department actually files an appeal against the Appellate Authority’s order, it cannot withhold the refund. The court ordered …
Goods & Services Tax,Jun. 11, 2025-
Goods & Services Tax , Jun. 07. 2025Court rules on GST refund interest dispute, granting partial relief to G.S. Ind…
-
Others , Jun. 07. 2025Bidder’s Technical Rejection Dispute Withdrawn, Fresh Filing Allowed by Calcutt…
-
Goods & Services Tax , Jun. 07. 2025Court Remands GST Case for Personal Hearing, Leaving Notification Validity Open
-
Goods & Services Tax , Jun. 07. 2025Court grants Oak Holidays & Resorts an extension for tax payment due to COVID-1…
-
Service Tax , Jun. 07. 2025Court grants extension for tax payment under the Sabka Vishwas Scheme due to CO…
Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itCheck your phone. I have messaged an OTP. It is a 5 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend it
Thanks, for confirming your phone number.
You can change it in your profile.Are you a tax professional?
If yes, then you can earn
money through me.Click on the subject of your choice. I will show major of these to you.
Click on the subject of your choice. I will show major of these to you.
download the mobile app
Hiya ,
You have successfully created your diary. You can access it from 'Store/Your Stuff' section.
OK