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Archive: 13 March 2024

Posts in 13 March 2024

PCIT revision order unwarranted when appellant not claimed section 80P(2)(d) deduction 

March 13, 2024 237 Views 0 comment Print

ITAT Bangalore overturns PCIT’s directive to disallow 80P deduction without proper claim, emphasizing lack of error prejudicial to revenue.

Gratuity Cannot Be Disallowed for Delay in Approval of Gratuity Fund

March 13, 2024 960 Views 0 comment Print

Twinings Pvt. Ltd. vs. DCIT: ITAT Kolkata allows gratuity payment as salary expense u/s 37(1) of IT Act, rejecting disallowance u/s 36(1)(v).

MRP Assessment Applies to Mineral/Aerated Water, Not Packaged Drinking Water: CESTAT

March 13, 2024 159 Views 0 comment Print

In a case between Sree Gokulam Food and Beverages Pvt Ltd and the Commissioner of GST & Central Excise, CESTAT Chennai rules that MRP-based assessment applies only to mineral water and aerated water, not packaged drinking water.

Pump for displacing & dispersing lotion/cream classifiable under CTH 84248990

March 13, 2024 177 Views 0 comment Print

Read the detailed analysis of the Principal Commissioner of Customs vs. Aptar Pharma India Pvt. Ltd. case by CESTAT Delhi regarding the classification of a lotion dispenser pump under CTH 84248990.

GST authorities must diligently verify documentation before imposing penalties

March 13, 2024 987 Views 0 comment Print

In Hemant Taneja Vs State Of U.P. case, Allahabad High Court overturns GST penalty, citing proper documentation provided by petitioner. Analysis & implications discussed.

Absence of a specified hearing date in show cause notice renders it invalid

March 13, 2024 522 Views 0 comment Print

Read the full text of the judgment/order of Allahabad High Court in the case of Gaurav Enterprizes Vs State of U.P. and Another regarding GST liability under Section 74.

GST: Tax Evasion Intention Essential for Section 129 Penalty

March 13, 2024 807 Views 0 comment Print

Read the full judgment/order of Allahabad High Court in Sanjay Sales Agency Vs State of U.P. challenging GST penalty under Section 129(1)(b). Penalty quashed, fresh order directed.

Suviksha Health Care Pvt Ltd Penalized for late-filing of Financial Statement

March 13, 2024 270 Views 0 comment Print

Ministry of Corporate Affairs penalizes Suviksha Health Care Pvt Ltd & directors for non-filing of financial statements under Companies Act, 2013 in Bihar.

The New UK Taxation Policy on ‘Non-domiciled’ residents

March 13, 2024 555 Views 0 comment Print

Learn about the UK’s plan to abolish the non-domiciled tax rule after 225 years, its implications for Indians, and the new residence-based taxation policy effective from April 2025.

Navigating the process of Registration with IFSCA, India

March 13, 2024 309 Views 0 comment Print

Explore the detailed process of registering with IFSCA in GIFT City, India. Learn the intricacies, steps, and key considerations for a smooth registration journey.

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