Addition under section 69A on account of actual cash arranged/paid by assessee to HKA was available with the assessee was not justified as “ownership” of money had not been recorded in the books of account and AO had made only presumption that the said cash was ‘available with the assessee’ without bringing on record any material in support thereof.
Explore the GST ruling for Dhamra LNG Terminal Private Limited on re-gasification services. Learn about classification, applicable rates, and implications for GST.
Explore the GST ruling for National Aluminium Company Ltd. on Compensation Cess for unutilized ITC on coal purchases. Learn about the implications and next steps.
ntroduction: The Appointments Committee of the Cabinet, under the Ministry of Personnel, Public Grievances & Pensions, has recently sanctioned the appointment of 18 Judicial Members and 22 Accountant Members for the Income Tax Appellate Tribunal (ITAT). This move, aimed at reinforcing the ITAT with qualified individuals, carries implications for the judicial and financial landscape of […]
Discover the latest in UPI payments with NPCI’s groundbreaking UPI Tap & Pay. Learn how this new mode simplifies transactions, enhances security, and boosts convenience.
Explore the Madras High Court’s ruling upholding a taxpayer’s right to a refund under the Inverted Duty Structure when input tax is erroneously charged by the supplier at a higher rate. Understand the legal perspective, implications, and the significance of this precedent
Explore constitutional validity of Section 16(4) of CGST Act upheld by courts. Analysis on vested rights, impossibility doctrine, and potential impact on businesses.
CAAR ruled that Supro Nuggets 570 G IP- Soy Protein Nuggets derived from plant source and containing relatively high protein levels, Classifiable under HSN Code 35040091
Explore detailed analysis of classification of MEMS Microphones in order issued by Customs Authority of Advance Ruling, Delhi. Learn about application, technical features and legal considerations.
Read the full text of the customs ruling by CAAR Delhi on Blue Star Limited’s application for ODU Controller PCB classification under the Customs Tariff Act. Explore the detailed analysis and conclusion.
