Demystify Taxation for Non-Residents in India with our comprehensive guide. Explore the criteria for determining residential status, obligations, and key tax implications. Don’t navigate the complexities alone – stay informed and compliant.
Amendments to Customs Post Clearance Audit (PCA) work under Instruction No. 27/2023-Customs. Know procedural changes, scope and new formats.
Ministry of Finance’s latest update on Income Tax Returns (ITRs) for AY 2023-24. Over 6.84 crore ITRs verified, 2.45 crore refunds issued.
CBIC amends Notification No. 50/2017-Customs, dated the 30th June, 2017 February, 2021 in order to revise effective duty for certain products vide Notification No. 53/2023-Customs Dated: 5th September, 2023. Government of India Ministry of Finance (Department of Revenue) New Delhi Notification No. 53/2023-Customs | Dated: 5th September, 2023 G.S.R. 656(E).— In exercise of the powers conferred […]
CESTAT Ahmedabad held that documentary evidence has far greater weightage against oral evidence especially when the oral evidence is contrary to the documentary evidence. Accordingly, duty demand unsustained as statutory records duly reflects receipts and consumption of goods.
ITAT Jodhpur held that disallowance of interest which is not at all received by the assessee is unsustainable and accordingly, the disallowance is vacated.
CESTAT Allahabad held that denial of CENVAT Credit on supplementary invoices evidencing the payment of service tax for period prior to amendments made in CENVAT Credit Rules, 2004 by way of insertion of Rule 9 (1) (bb) effective from 01.04.2011 is unjustified.
ITAT Raipur held that revisionary jurisdiction under section 263 of the Income Tax Act rightly invoked as there is a gross failure on the part of the A.O to verify the nature and source of the cash deposits.
ITAT Ahmedabad held that addition u/s 68 of the Income Tax Act towards unexplained credit unsustainable as the assessee has been able to reasonably explain the source of gift from his mother.
ITAT Rajkot held that invocation of revisionary jurisdiction u/s 263 non-invocation of section 115BBE of the Act on the addition made on account of unexplained sundry creditors u/s. 68 of the Act is duly justifiable.
