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Archive: September, 2023

Posts in September, 2023

No Service Tax on Free Repairs & Free Services during Warranty by Car Dealers

September 12, 2023 1449 Views 0 comment Print

Explore the legal implications of MGF Motors Ltd vs Commissioner of Central Excise on the non-imposition of service tax for free car repairs under warranty.

Unit Linked Insurance Plan (ULIP) redemption taxable as capital gain

September 12, 2023 9912 Views 0 comment Print

Explore a detailed analysis of ITAT Delhi ruling on Subhash Tandon Vs ITO, which sheds light on taxability of ULIP redemption as capital gains.

No Service Tax on Manpower Supply Before 16.06.2005: CESTAT Kolkata Ruling

September 12, 2023 405 Views 0 comment Print

In Mars Mountain Security Services vs Commissioner of Central Excise & Service Tax, CESTAT Kolkata clarified non-taxability of Man-Power services before June 16, 2005.

Distress Sale of Land: ITAT deletes Section 50C addition

September 12, 2023 3534 Views 0 comment Print

ITAT Kolkata rules in favor of Southern Road Carriers Ltd, stating the Assessing Officer was not justified in making tax additions based on stamp duty value. Get the full case analysis.

Excess application of income of previous years can be set off from subsequent year’s surplus income

September 12, 2023 3993 Views 0 comment Print

Analysis of ITAT Bangalore’s decision in Sindhi Youth Association vs ADIT, focusing on set-off of earlier year’s excess application to subsequent year’s income under Section 11 of the Income Tax Act for Charitable Trusts.

ITAT allows known Loss on closing stock valuation as per Principle of Prudence

September 12, 2023 858 Views 0 comment Print

Analysis of the ITAT Mumbai case, Sanjeev Motwani vs ACIT, focusing on the deletion of addition concerning the valuation of closing stocks based on the Principle of Prudence.

ITAT Grants Section 80IA Deduction for Port Charges, Favors Liberal Interpretation

September 12, 2023 714 Views 0 comment Print

A comprehensive analysis of ITAT Mumbai case DCIT Vs PNP Maritime Services Pvt. Ltd. Focusing on Section 80IA deduction on port charges and its implications

CESTAT Bangalore allows refund of Additional duty paid on Timber Import 

September 12, 2023 561 Views 0 comment Print

CESTAT Bangalore allows a timber import company to refund customs and special additional duty on unsold goods, providing a key precedent for the industry.

No excise duty on Spent earth arising in oil refining, bleaching process

September 12, 2023 453 Views 0 comment Print

Spent earth (By-Product)arising in oil refining, bleaching process arising is not liable to Excise duty -Awn Agro P Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad)

No service tax on services provided by SEZ developer to units in SEZ

September 12, 2023 936 Views 0 comment Print

A detailed analysis of the case between Hiranandani Builders and Commissioner of Service Tax-VII in CESTAT Mumbai. Learn how the Tribunal ruled that Revenue has no authority to collect service tax from SEZ Developers.

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