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Archive: 13 December 2023

Posts in 13 December 2023

CESTAT quashes Order Denying Concessional Duty Rate under Preferential Trade Agreement

December 13, 2023 1059 Views 0 comment Print

Explore the CESTAT Chennai order in TCP Limited vs Commissioner of Customs regarding the concessional rate of duty on imported coal. Detailed analysis and implications.

ITAT directs AO to consider stamp duty value on allotment date for Section 56(2)(vii)(b) addition

December 13, 2023 7695 Views 0 comment Print

Explore the ITAT Mumbai decision in Rekha Singh vs ITO, directing the consideration of stamp duty value on the date of allotment for Section 56(2)(vii)(b) purposes. Detailed analysis and implications.

HC set aside Order and Section 148 Notice due to Denied Oral Hearing

December 13, 2023 1164 Views 0 comment Print

Explore the Delhi High Court’s decision in Deepak Modi vs ACIT, setting aside the reassessment order due to lack of inquiry and denial of oral hearing. Detailed analysis and implications.

Expenses for prospective clients allowable, even if not resulting in immediate income

December 13, 2023 810 Views 0 comment Print

Explore the Delhi High Court decision in PCIT vs Trinity Insurance, dismissing the appeal against deletion of supervisory and risk management expenses. Analysis and implications.

In absence of acquired or purchased goodwill, claims for depreciation untenable

December 13, 2023 843 Views 0 comment Print

The ITAT Pune bench rejects depreciation claim on goodwill in Millennium Engineers & Contractors vs. DCIT case. Detailed analysis of the judgment and its implications.

Once NCLT approves resolution plan, the appeal before CESTAT abates

December 13, 2023 849 Views 0 comment Print

Explore the implications of the National Company Law Tribunal’s resolution plan approval on the CESTAT Bangalore’s jurisdiction in the case of Patanjali Foods Ltd. vs. Commissioner of Customs.

Mere Doubts & suspicions cannot lead to adverse findings against assessee: HC

December 13, 2023 1074 Views 0 comment Print

Explore the detailed analysis of Allahabad High Court’s judgment in the case of PCIT Vs Pnc Infratech Ltd. (AY 2010-11). Understand the dispute, evidence, and the court’s decision on unexplained credits.

NPCI’s UPI Revolution: Enhanced Payment Options Unveiled

December 13, 2023 2310 Views 0 comment Print

Discover NPCI’s groundbreaking move to link multiple payment instruments on UPI, offering a comprehensive payment experience. Learn about guidelines and compliance for seamless transactions.

MahaRERA: Final Extension for Real Estate Agent Certificate of Competency

December 13, 2023 2154 Views 0 comment Print

Stay informed on the latest MahaRERA Order 41B/2023 granting a final extension for obtaining Real Estate Agent Certificates. Know the deadlines and implications for agents and promoters

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