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Archive: October, 2023

Posts in October, 2023

70% Max Depreciation Allowed on Imported Second-Hand Machines: CESTAT Kolkata

October 22, 2023 5934 Views 0 comment Print

In the India Potteries Ltd. vs. Commissioner of Customs case, CESTAT Kolkata rules 70% max depreciation on imported second-hand machines. Full order analysis.

Section 271(1)(c) penalties leviable only in clear cases of income concealment or inaccurate reporting

October 22, 2023 2598 Views 0 comment Print

Read the full text of the ITAT Ahmedabad order regarding the penalty under Section 271 in the case of Harson Labs Pvt. Ltd. vs. ACIT for Assessment Year 2015-16.

Calcutta HC Dismisses Income Tax Appeal After 9-Year Delay

October 22, 2023 552 Views 0 comment Print

Calcutta High Court dismisses an income tax appeal challenging a final order by the Settlement Commission issued after a nine-year delay.

Assessment Order Lacking Proper Examination of Evidence Prejudicial to interest of Revenue

October 22, 2023 1122 Views 0 comment Print

The ITAT Chennai rules that an assessment order passed without proper examination of evidence can be deemed erroneous and prejudicial to the interest of the Revenue.

CESTAT allows Refund of Excess Payment of Service Tax

October 22, 2023 456 Views 0 comment Print

In a case involving Competent Constructions vs. C.C.E & S.T., CESTAT Chandigarh allows the refund of excess service tax payment against adjustment towards other period liability.

Kerala HC Sets Aside CGST Assessment Order passed Without Hearing

October 22, 2023 3240 Views 0 comment Print

Kerala High Court quashes an assessment order under CGST due to a mismatch in GSTR-1 and GSTR-3B without affording the petitioner an opportunity of hearing.

No Addition Based on Unsubstantiated WhatsApp Conversation Between Employees

October 22, 2023 4689 Views 0 comment Print

In a crucial verdict, ITAT Delhi cancels Rs. 5,75,000 u/s 69C addition in Designers Point vs ACIT case due to lack of substantial evidence from WhatsApp chats.

HC set-aside penalty order passed without according personal hearing

October 22, 2023 1383 Views 0 comment Print

Delhi High Court nullifies penalty and demand notice in Allied Engineering Works vs. National Faceless Assessment Centre case, citing a lack of a fair hearing.

Release Cash Seized without SCN, Including Demonetized 2000 Rs Note: Kerala HC

October 22, 2023 1005 Views 0 comment Print

Kerala High Court directs the release of seized cash, including demonetized 2000 Rs notes, in the T.H. Fazil vs. State Tax Officer case. Get the full details here.

Kerala HC: No Income Tax on MACT Compensation; Directs TDS Refund

October 22, 2023 3558 Views 0 comment Print

Kerala High Court rules no income tax liability on compensation from MACT, directs TDS refund. Details of the case and implications explained in this article.

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