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Archive: 14 September 2023

Posts in 14 September 2023

Constitution of State Benches of the GST Appellate Tribunal

September 14, 2023 8373 Views 0 comment Print

Read the latest Ministry of Finance notification on the constitution of State Benches of the GST Appellate Tribunal in various states of India in 2023.

Give chance to Assessee to establish non-receipt of statutory notices: ITAT

September 14, 2023 747 Views 0 comment Print

An in-depth analysis of the ITAT Delhi’s order in the case Poonam C/o Sanjeev Anand vs ITO, focusing on the significance of the ruling that assessees should be given a chance to establish non-receipt of statutory notices.

Taxing Agricultural Income Under Section 153C: Role of Incriminating Material

September 14, 2023 438 Views 0 comment Print

Exploring the key takeaways from the ITAT Chennai ruling in Duraisamy Parameswaran Vs ACIT, focusing on how agricultural income is treated under Section 68 of the Income Tax Act.

ITAT Quashes Reassessment on grounds of being based on vague & non-descript reasons

September 14, 2023 681 Views 0 comment Print

An in-depth analysis of ITAT Delhi’s verdict in the case of Captive Commerce Pvt. Ltd. Vs ACIT. The tribunal quashes the reassessment order under Section 148 of Income Tax Act for vague reasons.

GST Registration Cancellation: SCN Must be Clear on Reasons

September 14, 2023 684 Views 0 comment Print

Analysis of Delhi High Court ruling in Frequent Logistics Services Pvt. Ltd Vs Commissioner Goods And Service Tax Department. Emphasizes the need for clarity in Show Cause Notices for GST registration cancellation.

Bonus Shares cannot be taxed under section 56(2)(vii)(c )

September 14, 2023 711 Views 0 comment Print

Analysis of ITAT Delhis decision in DCIT Vs Aruna Chandhok case. Understand why no income tax is payable on bonus shares under Income from Other Sources.

Failure to declare amount in return alone does not imply wilful suppression

September 14, 2023 1026 Views 0 comment Print

Analyze the CESTAT Chandigarh order in M R Beltings vs. Commissioner of Central Excise, focusing on the issue of willful suppression and its impact on excise duty demand.

CCAR Ruling: Exemption Benefit for Imported Off-Highway Equipment Turbochargers

September 14, 2023 519 Views 0 comment Print

Explore CAAR ruling on eligibility of turbochargers for exemption benefits when used exclusively in off-highway equipment, based on Indian regulations.

CAAR Ruling: Applicability of Duty Rates for X-Ray Tube & Spare Parts

September 14, 2023 1254 Views 0 comment Print

Read the Customs Authority’s ruling on the duty rates for X-Ray tubes and spare parts, their classification, and the impact on medical equipment imports.

Advisory on Validating Bank Account on Income Tax Portal for Income Tax Refund

September 14, 2023 30420 Views 0 comment Print

Check if your bank account is valid for refund. Learn how to update or revalidate your account details on the e-filing portal. Get assistance and support.

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