The Ministry of Finance, Department of Revenue, has issued a significant notification, No. 60/2023-Customs, dated 19th October, 2023, aimed at amending Notification No. 50/2017-Customs. These amendments have been introduced to implement the recommendations made by the GST Council during its 52nd Meeting concerning changes in GST rates on goods. In this article, we will delve […]
Delhi High Court invalidates final assessment order due to failure to pass a draft assessment order in Sinogas Management PTE LTD vs. DCIT case.
CESTAT Mumbai’s ruling in Arcelor Mittal case, classifying procuring sales orders for foreign steel mills serving customers in India as an export of service, leading to the quashing of a service tax demand.
CBDT amends Rule 11UA of Income Tax Rules to provide new methods for valuing shares of closely held companies and implications for startups.
Kerala High Court’s ruling in Mina Bazar vs. State Tax Officer-1 emphasizes that Input Tax Credit (ITC) cannot be denied solely due to GSTR 2A and 3B discrepancies.
ITAT acknowledged that individuals like the appellant, often women with limited income sources, should be spared from the strenuous process of income tax assessments, especially when dealing with small amounts.
In the case of ACIT vs. Avaya India Pvt. Ltd., ITAT Delhi excludes Infosys from the list of comparables under the software development services segment.
In the case of Kanav Metals vs. ITO, ITAT Delhi rules that there can be no protective addition in the absence of a substantive addition. Read the full analysis.
In the case of Hariyana Trading Co. vs. State of Bihar, Patna High Court grants stay on demand if 20% is deposited, considering the non-constitution of the Tribunal.
Dive into the CESTAT Chennai case of S. Thiagarajan vs. Commissioner of G.S.T. & Central Excise. Explore how the penalty under Section 78 cannot be sustained on a tax demand with retrospective amendments.
