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Archive: September, 2023

Posts in September, 2023

Income Tax Notification: Uttar Pradesh Expressways Industrial Development Authority

September 19, 2023 723 Views 0 comment Print

Read recent Income Tax notification (No. 78/2023) regarding Uttar Pradesh Expressways Industrial Development Authority’s specified income and tax provisions.

Service Tax leviable on Actual, Not Provisional, Transportation Charges: CESTAT

September 19, 2023 555 Views 0 comment Print

Analyze the CESTAT Kolkata order in Jai Balaji Industries Limited vs. Commissioner of Central Excise, highlighting the issue of levying Service Tax on actual transportation charges, not on provisions.

Inconsistent Application of Customs Valuation Rules: CESTAT Sets Aside Order

September 19, 2023 558 Views 0 comment Print

Analyze the CESTAT Mumbai order in S K Universal Pvt Ltd vs. Commissioner of Customs, highlighting the determination of ‘cut and polished diamonds’ value and its consistency with Customs Valuation Rules.

Lack of Transaction Evidence & Unanswered Questions in Goods Seizure Case: Burden of Proof Shifts to Appellant

September 19, 2023 477 Views 0 comment Print

Read about Madan Kumar’s case where CESTAT Kolkata upholds the confiscation of betel nuts due to failure in providing evidence of legitimacy. Learn more about this customs dispute.

Bill to Reserve One-Third of Legislative Seats for Women Introduced in Lok Sabha

September 19, 2023 816 Views 0 comment Print

Introduction: On September 19, 2023, a significant Bill was introduced in the Lok Sabha, bearing the number 124 of 2023. This Bill aims to further amend the Constitution of India with the goal of promoting gender equality and women’s empowerment through greater representation in legislative bodies. In this article, we explore the key provisions and […]

No Penalty for Genuine Purchase of Fabricated DEPB Scrip: CESTAT

September 19, 2023 699 Views 0 comment Print

CESTAT Ahmedabad’s decision on penalty under Customs Act for fabricated DEPB scrips. Analysis of the case, rulings, and implications.

Penalty Imposed Solely on Estimated Profit Addition is not justified

September 19, 2023 1059 Views 0 comment Print

ITAT Mumbai’s ruling on penalty for concealed income based on estimated additions. Analysis of case, legal arguments, and conclusion.

Deduction Allowed for Warranty Expense Provisions Based on Actual Settlement Costs from Prior Years

September 19, 2023 1347 Views 0 comment Print

Analysis of ITAT Mumbai’s decision on the deduction allowable for warranty expenses based on actual expenses incurred. Case details and conclusion.

Cenvat Credit utilisation for payment of service tax is permissible: CESTAT

September 19, 2023 1461 Views 0 comment Print

Analysis of CESTAT Ahmedabad’s ruling on eligibility to use Cenvat credit for service tax payment when engaged in both manufacturing and services. Case details and conclusion.

Responded Query During Assessment Implies AO Consideration, Even if Unmentioned in Order

September 19, 2023 1164 Views 0 comment Print

Explore the case of Darshana Anand Damle vs. DCIT in the Bombay High Court regarding a land development agreement and its tax implications.

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