"05 November 2023" Archive - Page 2

Decoding Limitation: Unveiling Dimensions of Time in Legal Contexts

Explore the importance of timely action and limitation laws in Central Goods and Services Tax Act, 2017. Learn about time limits, legal principles, and case examples....

Posted Under: Corporate Law |

DCGI and Industry Regulation: A Call for Accountability

Explore the challenges of industry regulation and the need for accountability within the DCGI. Learn about a case involving Azithromycin Amine and its impact on the pharmaceutical industry....

Posted Under: Corporate Law |

Direct Overseas Listing for Indian Companies: Opportunities & Challenges

Explore the opportunities and challenges of Indian companies listing on overseas markets, including benefits, policy implications, and key considerations....

Posted Under: Corporate Law |

Non-awareness tax liability land sale: ITAT deletes Section 271(1)(c) Penalty

Ushaben Chauhan Vs ITO (ITAT Ahmedabad)

The ITAT in Ahmedabad cancels the penalty under Section 271(1)(c) of the Income Tax Act in Ushaben Chauhan's case due to non-awareness of tax liability on land sale....

Delhi ITAT Upholds Addition for Bogus Accommodation Entry & Unexplained Commission Expense

A and R Buildmart Pvt. Ltd. Vs ITO (ITAT Delhi)

The Delhi ITAT has upheld the addition relating to bogus accommodation entries and unexplained commission expenditure in the A and R Buildmart Pvt. Ltd. case for AY 2009-10....

Co-op Societies Eligible for Section 80P Deduction on Interest from Co-op Banks

Navrang Basant Co-operative Housing Society Limited Vs ITO (ITAT Mumbai)

In a recent ITAT Mumbai case, the deduction of interest income under Section 80P for a cooperative housing society was upheld, clarifying eligibility for cooperative societies....

Email ID Discrepancy on Form 35 & ITR: ITAT Grants Assessee another Opportunity

Vikram Udeshanghbhai Padhiyar Vs ITO (ITAT Surat)

Vikram Udeshanghbhai Padhiyar vs. ITO case: ITAT Surat allows another chance for the Assessee due to non-compliance caused by email ID discrepancy....

Interest on Margin facility & late Payment to Brokers allowable: ITAT Ahmedabad

Swing Infraspace P. Ltd. Vs ITO (ITAT Ahmedabad)

ITAT Ahmedabad has allowed a review petition in the Swing Infraspace case, overturning disallowances of expenses. Read the full text of the order here....

Lack of Documentary Evidence for 12AA Registration: ITAT Remands Matter to CIT(E)

Digambar Jain Saitwal Seva Mandal Vs CIT (ITAT Pune)

ITAT Pune's decision to remand the matter back to CIT(E) regarding trust registration under section 12AA of the Income Tax Act, emphasizing principles of natural justice....

CESTAT Confirms Customs Duty Value Increase for Digital Multi-Function Printer

Star Copiers Vs Commissioner of Customs (Port) (CESTAT Kolkata)

CESTAT Kolkata's decision to uphold the enhanced value of customs duty on a multi-function printer based on a chartered engineer's estimation....

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March 2024