Writ petition were filed challenging the order dismissing the Petitioner’s application for stay of demand and directing the Petitioner to pay 20% of the total outstanding demand.
ITAT Mumbai held that expenditure relating to film which was not released and hence not co-relatable to any income, cannot be disallowed as the expenses were incurred wholly and exclusively for the purpose of the business.
Manikgarh Cement Vs Commissioner of Central Excise (CESTAT Mumbai) The question that arises is whether ‘welding electrodes’ are ‘consumables’ as held by the original authority or are used in the manufacture of excisable goods and, therefore, eligible for MODVAT credit as claimed by the assessee. It is the claim of the appellant that within ‘capital […]
It is not in dispute that the said electricity is supplied to the factory of the respondent and the same is used for manufacturing activity. Merely because the wind generation plant is situated far away from the manufacturing activity, credit cannot be denied.
Kerala High Court held that if petitioner complies with provision of Section 129 (1)(c) of CGST Act, 2017, there is no reason for Assistant State Tax Officer to refuse the release of the goods and the conveyance, pending finalisation of the proceedings issued under Section 129.
Ambesh Shrivastav contests capital gain assessment. Sale deed registration and possession date critical in ITAT Indore case.
Principle of ‘user test’ also need to be considered while deciding the entitlement of assessee to avail CENVAT Credit as laid down by the Hon’ble Supreme Court in the case of CCE Vs. Rajasthan Spinning & Weaving Mills Limited 2010 (255) ELT 481 (SC).
Now AO can also do survey u/s 133A of the Income Tax with the prior approval of concerned Principal CCIT/ DG F.No. 282/15/2022-IT (Inv.V)/267 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) **** Civic Centre, New Delhi- 110002 Dated 22nd Nov, 2022 ORDER Subject: Order under section 119 of […]
Senior Citizens’ Savings (Amendment) Scheme, 2022- Deposit made under Senior Citizens’ Savings Scheme, 2019 on or after the 1st day of October, 2022 shall bear interest at the rate of 7.6 per cent. per annum.
It is a settled legal position that when the assessee was not put to notice with regard to the reasons basis which the demand is being sought to be made, the proceedings cannot be legally sustained.
