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Archive: 06 August 2023

Posts in 06 August 2023

ITAT deletes Disallowance for Delay in payment of employees contribution to EPF due to ESIC Site Downtime

August 6, 2023 1437 Views 0 comment Print

Explore the ruling of ITAT Indore in Devendra Singh Chauhan vs ITO about delayed deposits of Employee Contribution, with insights on the impact of non-working ESIC site.

Motorized Boat Seizure: Madras HC Directs Assessee to Face Customs Authority Enquiry

August 6, 2023 450 Views 0 comment Print

Unpack the Madras High Court’s judgment in AL Ameen vs Commissioner of Customs regarding the seizure of a motorized boat and the subsequent enquiry.

Minor mismatch due to adoption of standard method, not a mis-declaration

August 6, 2023 987 Views 0 comment Print

Delve into CESTAT Ahmedabad’s ruling in Kalpataru Transmission Ltd vs C.C.-Mundra, a case concerning penalties and goods misdeclaration accusations.

Delhi HC Quashes Section 147 Order Passed Without Issuing SCN

August 6, 2023 3783 Views 0 comment Print

Delhi High Court invalidates the income revision u/s 147 of Income Tax Act by ITO against SB Distributors due to the absence of Show Cause Notice.

ITAT deletes section 271F Penalty for Bona Fide ITR Filing Delay

August 6, 2023 2097 Views 0 comment Print

ITAT Jaipur lifts penalty for Mukesh Pathaks late ITR filing, deeming it a bona fide mistake with no revenue loss as proper tax was already paid.

Police Investigation Limitations under PMLA: Orissa HC Case Review

August 6, 2023 624 Views 0 comment Print

Insight into the Orissa High Court’s ruling in the case Gangadhar Chhatria Vs State of Odisha, emphasizing police investigation limitations under PMLA.

HC grants bail to wife in case of alleged furnishing of forged sureties for Husbands bail

August 6, 2023 792 Views 0 comment Print

High Court of Punjab and Haryana addresses allegations of fraudulent bail process in PMLA offence case against Anita Seth. Get full case insights.

Penalty u/s 271(1)(c) Inapplicable for Additions Using Peak Credit Theory

August 6, 2023 1779 Views 0 comment Print

Read the full text of the ITAT Chennai order in the case of Edward Sam Vs ITO. Penalty provisions u/s 271(1)(c) are analyzed in light of quantum additions made using peak credit theory

ENVAT Credit on Input Services for Output Service Can’t Be Denied

August 6, 2023 675 Views 0 comment Print

CESTAT pointed out that as the department had accepted the payment of service tax on output service, denying the CENVAT credit on input services, used for providing output service, was unjustified.

ITAT Upholds Disallowance of Long Term Capital Loss Claim Due to Lack of Proof

August 6, 2023 414 Views 0 comment Print

Explore the case Fab Engineering Pvt. Ltd. vs ITO, where ITAT Ahmedabad upheld disallowance on long-term capital loss claim from sale of company shares.

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