High Court quashed order cancelling GST registration on the ground of obtaining two separate registration for the same nature of business. In a recent judgment, Hon’ble Allahabad High Court quashed order cancelling GST restoration on the ground of violation of section 25(2) for obtaining two registration for the …

Sale and Issue of Government of India Securities (including Treasury Bills and Cash Management Bills) Government of India, in supersession of earlier two Notifications has notified the terms and conditions for sale and issuance of Government of India Securities, including Government of India Treasury Bills and Cash Management …

Income Tax Offices throughout India to remain open on 29th, 30th and 31st March, 2025. The Financial Year 2024-25 closes on 31st March, 2025 (Monday), which is a closed Holiday. Further, 29th March, 2025 is a Saturday and 30th March, 2025 is a Sunday.  In view of the …

If seller is registered with GST department at the time of the transaction, no adverse inference can be drawn against the purchaser if the GST Registration of the seller is cancelled from a further date. In a recent judgment, Hon’ble Allahabad High Court has held that once the …

Clarification on Camera Module of Cellular Mobile Phones for Custom duty levy CBIC has issued clarification on Camera Module of Cellular Mobile Phones for the purpose of concessional and/or exemption from custom duty levy CBIC Notification No. 57/2017-Customs dated 30.06.2017 prescribed concessional basic custom duty (BCD) rate of …

Depreciation allowed where invoices for the fixed assets were in the name of husband of the assessee but payment made by the assessee/debited to her account In a recent judgment, ITAT Allahabad has allowed the depreciation where invoices for the fixed assets were in the name of husband …