Supreme Court Issues Notice On Plea Challenging 18% GST On Mining Operations

The Supreme Court on Tuesday issued notice on two writ petitions challenging the October 6 circular through which the government of India has clarified that GST is applicable on services by way of grant of mineral exploration and mining rights at the rate of 18%.The writ petitions are filed by a group of firms involved in mining and crushing operations. The bench of Justices D. Y....

Faceless Assessment Scheme: Kerala High Court Issues Notice To Centre On Plea Challenging Constitutionality Of S.144B Of IT Act

The Kerala High Court has admitted a batch of writ petitions challenging the constitutional validity of the Faceless Assessment Procedure under Section 144B of the Income Tax Act.Justice Bechu Kurian Thomas issued notice to the Central government in the matter and temporarily stayed all further proceedings pursuant to the assessments made against the petitioners.The Faceless Assessment Scheme...

ITAT Cannot Recall Its Order By Invoking Power U/Sec 254(2) Income Tax Act : Supreme Court

The Supreme Court observed that the Income Tax Appellate Tribunal cannot recall orders passed by it invoking power under Section 254(2) of the Income Tax Act.Section 254(2) power is only to correct and/or rectify the mistake apparent from the record and not beyond that, the bench comprising Justices MR Shah and BV Nagarathna said.In this case, the ITAT allowed the Revenue's appeal and held...