"16 July 2023" Archive - Page 3

Wrongful Cenvat Credit on Ineligible Service: CESTAT Directs Reexamination

National Engineering Industries Ltd Vs Commissioner (CESTAT Delhi)

CESTAT Delhi has remanded a case involving National Engineering Industries Ltd. back for reconsideration. The dispute concerns the wrongful availment of Cenvat credit on ineligible services....

Refund for Mistakenly Paid Duty cannot be denied if claimed within time Prescribed (Section 11B)

JVS Export Vs Commissioner of GST &

CESTAT Chennai held that refund of duty paid under mistake of law cannot be denied when the refund claim is filed within the time prescribed under section 11B of the Central Excise Act, 1944....

Madras High Court Sets Aside GST Assessment Based on General Notices

Hatsun Agro Product Ltd Vs Deputy Commissioner (ST) (Madras High Court)

Madras High Court held that order of assessment based on issuance of general notices calling for particulars is liable to be set aside....

Exemption from Tamil Nadu Vehicles Taxation Act for Visually Handicapped Car Buyers

Carunia Seelavathi Vs Secretary to the Government of Tamil Nadu (Madras High Court)

Madras High Court held that exemption from payment of tax leviable under the Tamil Nadu Motor Vehicles Taxation Act, 1974 is allowable on cars purchased by visually handicapped persons....

Section 271(1)(b): ITAT Upholds Penalty for Assessee’s Willful Disobedience

Ishoo Narang Vs ACIT (ITAT Hyderabad)

Read an in-depth analysis of the Ishoo Narang Vs ACIT (ITAT Hyderabad) case. The ITAT upheld a penalty levied due to non-compliance with a notice under section 271 of the Income Tax Act....

No Penalty under Section 271B for Delayed Tax Audit (Auditor Unwell)

Amit Kumar Chatterjee Vs ITO (ITAT Kolkata)

A significant ITAT Kolkata ruling declares no penalty for delayed filing of books of account due to reasonable causes under Section 273B of Income Tax Act, 1961. Explore the details of this precedent-setting case....

HC deletes penalty despite E-way bill expiry as found no intention to evade tax

Usha Martin Limited Vs Deputy Commissioner of State Tax (Calcutta High Court)

Examine the Calcutta High Courts ruling in Usha Martin Limited Vs Deputy Commissioner of State Tax, highlighting how the court adjudicated on matters related to delayed appeals, e-Way Bill expiration, and tax levies....

ITAT Sets Aside Exparte Order: Disallowance of Unexplained Cash Deposits

Maha Singh Vs ITO (ITAT Delhi)

In a significant ruling, ITAT Delhi sets aside the exparte order against Maha Singh, allowing a fresh evaluation of unexplained cash deposits following due principles of natural justice....

Section 80P: Commercial Activity Income Ineligible for Deduction

Jetalpur Seva Sahkari Mandali Limited Vs DCIT (ITAT Ahmedabad)

Review the details and consequences of the ITAT Ahmedabad's ruling in Jetalpur Seva Sahkari Mandali Limited vs DCIT that income from commercial activity cannot be claimed as a deduction under Section 80P of the Income Tax Act....

Developing an Effective Overall Plan for Audit: Key Considerations & Steps

The overall plan for an audit serves as a roadmap, providing direction and guidance for the audit process. It ensures that the auditor conducts a comprehensive and efficient examination of the client's financial statements. This article explores the key considerations and steps involved in developing a robust overall plan for an audit....

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February 2024