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Archive: May, 2023

Posts in May, 2023

Addition for Cash deposit during demonetisation Period: ITAT directs AO to follow CBDT Circulars

May 16, 2023 3369 Views 0 comment Print

Explore the case of Shri T. Sriranga (HUF) vs ITO (ITAT Bangalore), where the Income Tax Appellate Tribunal remanded the issue of cash deposit disallowance back to the Assessing Officer for verification in accordance with CBDT circulars.

File GSTR-10 Final Return before 30/06/2023 to avail GST Amnesty

May 16, 2023 29694 Views 0 comment Print

File GSTR-10 Final Return by 30/06/2023 to benefit from the GST Amnesty Scheme. Enjoy a waiver of late fees and reinstate compliance status. Learn the key features and importance of timely filing. Act now for a clean slate and avoid legal consequences.

Roasted betel nuts fall under Tariff heading 2008: CAAR

May 16, 2023 3066 Views 0 comment Print

Explore the detailed analysis of CAAR Mumbai’s ruling on the classification of roasted areca nuts under the Customs Tariff Act, 1975. Understand the implications of roasting processes and legal interpretations.

Providing documents to Claim fraudulent ITC – HC allows bail to accused

May 16, 2023 1140 Views 0 comment Print

Explore the detailed judgment of Ravinder Kumar vs. State of Haryana, Punjab and Haryana High Court, involving forgery allegations. Legal experts weigh in on the bail decision and its implications.

CAAR ruling on Classification of Compounded Rubber

May 16, 2023 1824 Views 0 comment Print

Compounded rubber formulation 1 (with less than 5 parts of Carbon Black) mentioned in para 5.1 merits classification under CTH 4005 1000 Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip – compounded with carbon black or silica and is eligible for duty exemption benefit under serial number 503

ITAT quashes Order as AO completing Income Tax Assessment not issued section 143(2) notice

May 16, 2023 3372 Views 0 comment Print

Read the detailed analysis of the ITAT Kolkata’s ruling in the case of Community For Social Work vs. ITO, highlighting jurisdictional discrepancies in the assessment process under the Income-tax Act.

ITAT allows Benefit of Cost of Acquisition in construction of roof rights in property

May 16, 2023 1068 Views 0 comment Print

Learn how ITAT Delhi’s ruling favored Manoj Mediratta in a capital gain assessment case, setting aside the addition made by the assessing authority and remanding the issue for fresh consideration.

Time bar not apply to refund of duty paid by mistake

May 16, 2023 1674 Views 0 comment Print

Discover how CESTAT Delhi’s ruling favored Pine Laminates Pvt. Limited, allowing their refund claim under section 11B of the Central Excise Act, 1944, challenging rejection based on time limitation.

Production of hybrid & open pollinated seed varieties is Agricultural Activity

May 16, 2023 1128 Views 0 comment Print

In the case of DCIT Vs Pravardhan Seeds Pvt. Ltd., ITAT Hyderabad ruled that agricultural activities for seed production qualify for tax exemption under section 10(1) of the Income Tax Act.

Assessee obtained PAN of Transporter – Section 194C TDS not applicable

May 16, 2023 3408 Views 0 comment Print

Chandigarh Freight Carrier vs PCIT case delves into tax deduction issues under Section 194C. Detailed analysis reveals how compliance and jurisdiction were evaluated by ITAT Delhi.

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