Month: October 2023
1,255 articlesIncome Tax
Income Tax
Interest on trade receivables u/s. 92B(1) determined by applying SBI short-term deposit rates
Income Tax
Income Tax
Addition u/s. 68 unsustainable as genuineness of depositors proved
Custom Duty
Custom Duty
Shipping bill amendment u/s. 149 allowed based on documents in existence at the time of export
Income Tax
Income Tax
Service relating to mining of natural resources not taxable in terms of India-Portugal DTAA
Income Tax
Income Tax
Deduction u/s 37(1) not allowable on interest paid on late payment of TDS
Income Tax
Income Tax
Contribution received from commodity exchange exempt i/s. 10(23EC) of Income Tax Act
Excise Duty
Excise Duty
Benefit of exemption notification 06/2006-CE and 12/2012-CE available as all conditions fulfilled
Income Tax
Income Tax
Income Tax Notification 87/2023: Dental Council of India Exemption
Excise Duty
Excise Duty
Demand of 5%/6%/10% on value of exempted clearances unwarranted as proportionate credit reversed
Custom Duty
Custom Duty
Penalty not leviable for lack of due diligence on part of employee of CFS
Income Tax
Income Tax
Reopening of assessment merely based on change of opinion is unsustainable
Income Tax
Income Tax
Order passed based on submissions made before CIT(A) without conducting enquiry unsustainable
Income Tax
Income Tax
Section 10(23C)(iiiab) exemption not available to society not substantially financed by government
Corporate Law
Corporate Law
