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Archive: 21 July 2023

Posts in 21 July 2023

ITAT Chennai: Payments to Fertilizer Dealers Classified as Rebates, Exempt from TDS

July 21, 2023 750 Views 0 comment Print

Greenstar Fertilizers Limited wins case against ACIT in ITAT Chennai, clarifying that payments made to dealers for sales of fertilizers are rebates, not subject to TDS.

No Maximum Penalty for Violating CBLR Provisions without License Revocation

July 21, 2023 798 Views 0 comment Print

Review the case between Lotus Integrated Logistics and the Commissioner of Customs where CBLR violations didn’t result in license revocation or max penalty.

ITAT Rules: Income Determination Based on Surmise and Conjecture is Illegal

July 21, 2023 1935 Views 0 comment Print

Delve into the latest Income Tax Appellate Tribunal (ITAT) Delhi’s judgement on the case of DCIT Vs Vinod Kumar Bajaj, discussing the illegality of income determination based on conjecture and presumption.

ITAT Quashes Reassessment Order Due to Non-Issue of Notice

July 21, 2023 1134 Views 0 comment Print

Discover the case of Sohanbir Sing Vs Assessing Officer, where the ITAT Delhi ruled that failure to issue notice for reassessment cannot be remedied under Section 292B of the Income Tax Act.

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