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Archive: September, 2023

Posts in September, 2023

Addition cannot be deleted merely for mentioning section 68 instead of 69: ITAT

September 16, 2023 10284 Views 1 comment Print

Analysis of the ITAT Delhi case Gloria Eugenia Rynjah Banerji Vs ITO, focusing on why income tax addition of Rs.2002801 was not deleted despite a technical error by the Assessing Officer.

No Suspension of preferential Tariff Treatment for Areca Nut: Madras HC

September 16, 2023 837 Views 0 comment Print

Analysis of Madras High Court ruling in the N and N Traders Vs Assistant Commissioner of Customs case, exploring why the suspension of preferential tariff on imported Areca nut was ruled out.

Service Tax Not Leviable on Year-End Media volume Discounts: CESTAT

September 16, 2023 888 Views 0 comment Print

An in-depth look at the CESTAT Mumbai ruling in the case of Commissioner of Service Tax-VI Vs Group M Media (I) Pvt. Ltd. concerning service tax on media volume discounts.

CESTAT dismisses appeal for Fine/penalty Enhancement for Imported Used Clothing

September 16, 2023 450 Views 0 comment Print

Dive into the legal complexities of the Commissioner of Customs Vs S K P Enterprises case (CESTAT Kolkata), which revolves around the import of restricted old and used clothing. Get insights on why CESTAT dismissed the appeal for enhanced fines.

ITAT Upholds CIT(A) Decision on Deletion of Income Tax Addition for Unexplained Investment

September 16, 2023 693 Views 0 comment Print

Analysis of ITAT Ahmedabad’s decision in ITO vs Jakshibhai Dahyabhai Bharvad. Understand how CIT(A) order was upheld, affecting income tax additions.

Delhi HC interim direction to Restaurant Association on ‘‘Service Charges’

September 16, 2023 1377 Views 0 comment Print

The Delhi High Court’s judgment impacts how restaurants charge their customers. The term ‘Service Charge’ is replaced with ‘Staff Contribution,’ limited to 10% of the bill.

Unsubstantiated Allegation of Clandestine Scrap Removal: CESTAT sets aside SCN 

September 16, 2023 411 Views 0 comment Print

Analyzing the landmark CESTAT Chandigarh case where Ludhiana Steel Rolling Mills successfully appealed against a Central Excise demand for Rs. 82,20,602. Find out why the Court sided with the appellant.

HC Directs De Novo Consideration Due to Tribunal’s Lack of Detailed Reasoning

September 16, 2023 714 Views 0 comment Print

The Delhi High Court has directed the Income Tax Appellate Tribunal (ITAT) to provide valid reasons for reversing the CIT(A)’s decision on unexplained cash credits in the case of Om Shiva Traders Pvt Ltd Vs ITO.

AO Can Initiate Reassessment Based on Investigation Wing Info: ITAT

September 16, 2023 2619 Views 0 comment Print

Understanding the Nakoda Metal Industries Vs ITO case in ITAT Mumbai. The article elaborates on why the court validated AO’s reassessment proceedings based on external information.

AO’s Addition u/s 68 Unsustainable: Assessee Proves Identity, Creditworthiness & Genuineness – ITAT

September 16, 2023 1056 Views 0 comment Print

Explore the ITAT Delhi’s judgment in ACIT vs Rishi Infratach Pvt Ltd case pertaining to Section 68. Learn how the court settled matters related to identity, creditworthiness, and genuineness of share capital transactions.

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