Tax Guru

Refund of inverted tax structure allowed based on order of earlier tax period

Karnataka High Court allowed the writ petition and held that refund on account of inverted tax structure is allowable relying on the final order of earlier tax period. Thus, order rejecting refund is ...
Tax Guru

Approval for One Issue, Reopening for Another Is Legally Fatal

The ITAT ruled that section 151 approval must strictly correspond to the recorded reasons for reopening. Any factual ...

Review of Walter Payton nominees raises questions about Kelce nonprofit

Most players nominated for the Walter Payton NFL Man of the Year award adhere to nonprofit best practices. How efficient are ...
Tax Guru

Internal Government Process No Ground for Delay Condonation

The Tribunal held that delays caused by internal approvals from senior officials cannot justify late filing. Lack of due ...
Tax Guru

Mutual Fund Dividend Fully Exempt Because Section 115BBDA Doesn’t Apply

The issue was whether mutual fund dividend could be taxed as share dividend due to return-form limitations. The Tribunal held that section 115BBDA applies only to dividends from domestic companies, ...
Tax Guru

Section 89(1) Relief Can’t Be Denied for Return-Filing Technical Lapse

Despite Form 10E being duly filed online, the claim under section 89(1) was rejected on technical grounds. The Tribunal held that such rigidity defeats justice and directed the AO to examine the claim ...

Lisbon ends ban on new holiday lets after crackdown backfires

Lisbon has overturned a crackdown on holiday lets after licensing restrictions backfired and failed to slow house price ...
Tax Guru

Deductor Failed to Deposit TDS: Assessee Still Entitled to Credit

The dispute concerned denial of TDS credit solely due to non-reflection in Form 26AS. The Tribunal held that Form 26AS is not conclusive and factual deduction of tax overrides system ...
Tax Guru

Clerical Form 10AB Error Can’t Cancel Existing 12A Registration

The ITAT ruled that an inadvertent mistake in selecting the assessment year while filing Form 10AB cannot defeat an existing valid registration. Mechanical rejection without record verification was ...
Tax Guru

Toll plaza receipts not mandatory for justifying actual physical movement of goods under GST

Allahabad High Court held that toll plaza receipts not mandatory for justifying actual physical movement of goods since e-way bill and tax invoice duly produced. Accordingly, order not justified in ...
Opinion

Roger Stark: Congress had a viable health care reform plan once – It should be considered again

Health care has become a major policy issue in Congress. The recent government shutdown was caused by the minority party insisting on extending the deadline for the COVID-era, generous taxpayer ...
ProPublica

Deleting DEI

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. According to this year’s tax filing, the American Athletic ...