Sponsored
    Follow Us:

Archive: 13 February 2024

Posts in 13 February 2024

Free Webinar: Invoice Management System from Oct 1, 2024 – Register Now

November 22, 2024 4257 Views 0 comment Print

Learn to manage GST invoices easily with the new IMS. Join our webinar on 24th Nov to improve ITC claims and error reduction. Register now!

Mumbai ITAT Upholds Deletion of Additions, Maintains Status Quo in Identical Case

February 13, 2024 480 Views 0 comment Print

Mumbai ITAT rules in favor of Speco Infrastructure, maintaining deletions of tax additions by appellate authority in a reasoned order for AY 2013-14.

Cash Deposits Explained by Sale Proceeds Not Unexplained Credit: ITAT Delhi

February 13, 2024 1485 Views 0 comment Print

Uncover the Delhi ITAT ruling where cash deposits from sale proceeds, if properly explained, aren’t deemed unexplained credits. Read a detailed case analysis.

TNVAT: ITC Reversal for Non-Production of Original Tax Invoice Not Double Taxation

February 13, 2024 618 Views 0 comment Print

A comprehensive breakdown of the Madras High Court judgment on ITC reversal without original tax invoices, affirming it doesn’t constitute double taxation under TNVAT Act.

Bombay High Court allows income tax deduction for excise duty claims

February 13, 2024 267 Views 0 comment Print

Bombay High Court allows income tax deduction for excise duty claims, clarifying it doesn’t lead to double deduction. Key details and implications explained.

Calcutta HC Quashes 200% Penalty in Expired E-Way Bill Case

February 13, 2024 1248 Views 0 comment Print

In a landmark ruling, the Calcutta High Court quashed a 200% penalty imposed for an expired e-way bill during goods export to Bangladesh, citing exceptional circumstances.

Funds Held in Fiduciary Capacity by Trust cannot be Treated as Income: ITAT Delhi

February 13, 2024 495 Views 0 comment Print

Delhi ITAT’s landmark decision: Funds received by charitable trusts under Swachh Bharat Abhiyan in a fiduciary capacity are not considered income. Details inside.

No 271(1)(c) Penalty Without Willful Concealment or Furnishing Inaccurate Details

February 13, 2024 1977 Views 0 comment Print

Mumbai ITAT deletes penalty under section 271(1)(c) for Eureka Outsourcing Solutions, stating making an incorrect claim does not amount to furnishing inaccurate particulars.

Improper Vouchers Alone Insufficient for Ad Hoc Disallowance: ITAT Delhi

February 13, 2024 435 Views 0 comment Print

Explore the case of Zheng Yuan Mobiles Pvt. Ltd. vs DCIT at ITAT Delhi. Learn why improper vouchers led to disallowance and how it was overturned.

Section 263 Jurisdiction cannot be exercised When Larger Issue Pending Before CIT(A)

February 13, 2024 1539 Views 0 comment Print

Chennai ITAT finds revisionary authority’s exercise of jurisdiction under section 263 invalid when a larger issue is pending before CIT(A), upholding legal precedents.

DGFT notifies ITC (HS) based Export Policy for Chapter 01-39 of Schedule 2  

February 13, 2024 1599 Views 0 comment Print

Explore the impact of Notification No. 60/2023-DGFT, where the Indian Trade Classification (Harmonised System) of Export Items is notified under Chapter 01-39 of Schedule 2

Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930