"16 July 2023" Archive

Lease Rent & Packaging Charges from Manufacturing Services is Business Income

DCIT Vs Hyderabad Distilleries and Wineries Pvt Ltd (ITAT Delhi)

Read about ITAT Delhi's important ruling in the Hyderabad Distilleries and Wineries Pvt Ltd case, confirming that income from lease rent and packaging charges in manufacturing services is treated as business income....

Addition for Property Purchased from Gifts by Relatives- ITAT directs re-adjudication

Karamveer Singh Vs ITO (ITAT Delhi)

The recent ITAT Delhi decision in the case of Karamveer Singh Vs ITO emphasises the non-taxability of immovable property bought through funds gifted by relatives. Explore the case's specifics, implications, and outcomes here....

Penalties & interest cannot be imposed Retrospectively on Service Tax

Commissioner, Namakkal Municipality Vs Commissioner of GST & Central Excise (CESTAT Chennai)

ead the full text of the CESTAT Chennai order in the case of Commissioner, Namakkal Municipality Vs Commissioner of GST & Central Excise. The case deals with the imposition of penalties and interest on service tax retrospectively. The CESTAT Chennai sets aside the interest and penalties, citing the retrospective amendment and the principl...

GST Fraud Case: MP High Court Denies Anticipatory Bail in Bogus Firm Scandal

Mohit Jain Vs Union of India (Madhya Pradesh High Court)

The Madhya Pradesh High Court denies anticipatory bail to Mohit Jain, the proprietor implicated in a large-scale GST fraud scandal involving the formation of 25 bogus firms. The court notes the severity of the economic offense and its grave implications on the national economy....

ITAT Remands Interest Calculation on Income Tax Tax Refund to AO

Kapilaben Kanjibhai Patel Oral Specific Deferred Family Trust Vs ITO (ITAT Ahmedabad)

Kapilaben Kanjibhai Patel Oral Specific Deferred Family Trust Vs ITO (ITAT Ahmedabad)- Case involves calculation of interest on income tax refund under Section 244A of Income Tax Act. ITAT remands matter back to Assessing Officer for proper verification and calculation....

ITAT deletes Disallowance for Non-Deduction of TDS on Transportation Charges

Cargo Handling Corporation Vs ITO (ITAT Kolkata)

ITAT Kolkata in the case of Cargo Handling Corporation Vs ITO examines disallowance made under section 40(a)(ia) of Income Tax Act for non-deduction of TDS on transportation charges. ITAT deletes the disallowance as the deductee has already paid tax on transportation charges....

Insurance Claims for Floods in North India: IRDAI Circular | July 2023

Circular No. IRDA/NL/C IR/MI SC/1 46/7/2023 16/07/2023

Read the latest circular from the Insurance Regulatory and Development Authority of India (IRDAI) regarding insurance claims for floods in Himachal, Punjab, Haryana, and Delhi regions. Get insights on immediate service response, helpline activation, claims processing, and submission of information to IRDAI....

Foreign Tax Credit Allowed Despite Delays in Form 67 (Section 90)

Vikash Daga Vs ACIT (ITAT Delhi)

Explore the details and implications of the Vikash Daga vs ACIT case, where ITAT Delhi upheld the right to claim foreign tax credit under Section 90, despite procedural anomalies. Understand the balance between procedural norms and substantive rights in the context of the Income Tax Act....

ITAT Deletes Addition: Cash Deposit from Late Spouse’s Past Savings

Ramesh Rani Chatwal Vs ITO (ITAT Delhi)

ITAT upheld the right of an individual to use personal savings, including those from a late spouse, for the repayment of a bank loan, and dismissed the claim that such actions constitute unexplained investment....

Remission Benefit Allowed for Goods Lost by Fire/Arson: Central Excise Rule 21

Regency Ceramics Ltd Vs Commissioner of Central Tax Puducherry (CESTAT Hyderabad)

CESTAT Hyderabad in case of Regency Ceramics Ltd Vs Commissioner of Central Tax Puducherry examines applicability of Rule 21 of Central Excise Rules, 2002, and benefit of remission for goods lost due to fire or arson....

Search Posts by Date

November 2023