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Archive: 21 January 2024

Posts in 21 January 2024

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 4107 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

Inadequate Enquiry Alone does Not Warrant Invoking Section 263 of Income Tax Act

January 21, 2024 558 Views 0 comment Print

Delhi High Court rules in PCIT vs Mohak Real Estate Pvt Ltd case that inadequate enquiry alone doesn’t warrant invoking Section 263 of Income Tax Act.

Claim on Goods not in Possession of Port Authority Not Secured Creditor under IBC: NCLAT

January 21, 2024 246 Views 0 comment Print

Explore the NCLAT Chennai judgment on V O Chidambaranar Port Authority vs Rajesh Chillale. Learn why a port’s claim without possession can’t be a secured creditor under IBC.

India-Korea DTAA Article 15(1): Korean Resident’s Salary for Services Outside India Not Taxable  

January 21, 2024 867 Views 0 comment Print

ITAT Delhi rules in Amit Laroya vs ACIT case, stating salary of a Korean resident for services outside India is not taxable in India under Article 15(1) of India-Korea DTAA.

ITAT Mumbai quashes Reassessment Due to Lack of Mind Application

January 21, 2024 3219 Views 0 comment Print

Explore the ITAT Mumbai order in Ankur Power Projects vs ITO. Learn why reassessment proceedings were quashed due to non-application of mind by the AO. Full text available.

ITAT Directs Reassessment of Interest for Non-Performing Assets Loans

January 21, 2024 423 Views 0 comment Print

Explore the ITAT Bangalore order in Belur Urban Co-operative Bank vs ITO. Learn why reassessment on interest in NPA loans is directed for readjudication. Full text available.

Delhi HC remits ALP Determination Method matter to CIT(A)

January 21, 2024 258 Views 0 comment Print

Explore the judgment in Bombardier Transportation India Pvt. Ltd. Vs DCIT by Delhi High Court. The court remits the matter for determining the Arm’s Length Price (ALP) method.

Failing to Complete Part ‘B’ of e-Way Bill without Tax Evasion Intent: HC Quashes Penalty

January 21, 2024 2145 Views 0 comment Print

Allahabad High Court quashes penalty on Roli Enterprises for failing to fill Part ‘B’ of e-Way Bill, citing no intent of tax evasion.

Cenvat Credit eligible Despite Godown Outside Factory Premises: CESTAT Ahmedabad

January 21, 2024 282 Views 0 comment Print

CESTAT held that the mere location of the godown outside the factory premises should not be a basis for denial, as long as it is used for storing goods used in manufacturing.

If Authority Fails to Follow CESTAT’s Direction, Denies Fair Hearing, Signifies Gross Laches: HC

January 21, 2024 429 Views 0 comment Print

Orissa High Court rules against authority’s failure to follow CESTAT’s directions in a Central Excise case. Denied fair hearing signifies gross laches.

Section 144C(4) – Assessment Order Time-Barred if Objections Filed After Limitation: Delhi HC

January 21, 2024 1758 Views 0 comment Print

Delhi ITAT rules on time limitation for Assessment Order under Sec 144C(4). Analysis of objections filing, jurisdiction, and compliance with Income Tax Act. Full order details provided.

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