Manu Sharma

It was contended that if GST is added to amounts paid as taxes, then corresponding deductions for such GST must be allowed under Section 43B of the Income Tax Act

Under the provisions of the circular, the CBDT has delegated powers to different levels of tax authorities to handle applications for condonation of delay

In a landmark ruling, the SC has upheld the rights of telecom operators and infrastructure companies to claim CENVAT credit on infrastructure duties

Whether voting in person or through postal voting, it is important to understand the process to ensure your vote is counted By Manu Sharma

The Maharashtra GST department has issued a circular permitting GST officers to conduct audit procedures offline for FY 2020-21. This includes issuing notices for discrepancies and final audit reports (GST-ADT-02) in physical form. However, all such communications must be uploaded to the GSTN portal by December 31, 2024, addressing system-related challenges that necessitated this deviation from the digital process.

The Supreme Court of India has delivered a landmark judgement affirming that mobile towers and pre-fabricated buildings (PFBs) used by Mobile Service Providers (MSPs) qualify as “goods” and not immovable property. This ruling enables MSPs to claim CENVAT credit on excise duties paid for these items under the CENVAT Credit Rules, 2004, a decision that…

Imagine discovering that you're entitled to a significant tax refund from a previous financial year, only to realise that the deadline for filing or revising your Income Tax Return ( ITR ) has long passed.

The tribunal examined whether a VAT-related payment claimed as a deduction was penal in nature By Manu Sharma

By Manu Sharma On November 23, 2024 12:10 pm - 2 mins read

In this case, the tax department had reopened an assessment under Section 147 of the Income Tax Act, 1961, several years after the original assessment had been completed