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Archive: 19 May 2024

Posts in 19 May 2024

No service tax on Ocean freight margin recovered from customers: CESTAT Ahmedabad

May 19, 2024 1875 Views 0 comment Print

Understand the CESTAT Ahmedabad ruling: No service tax on freight margin recovered from customers in outbound shipment cases. Analysis & implications discussed.

Reimbursements Excluded from Taxable Service Value: CESTAT Hyderabad

May 19, 2024 2292 Views 0 comment Print

In a landmark decision, CESTAT Hyderabad rules in favor of CISF, stating reimbursements aren’t taxable, citing precedents. Detailed analysis here.

20% Pre-Deposit Rule Not Mandatory for Stay of Demand: Delhi HC

May 19, 2024 14460 Views 0 comment Print

Delhi HC directs AO to reconsider the 20% pre-deposit mandate for stay in recovery proceedings, highlighting CBDT instructions. Case: Centre for Policy Research vs DCIT.

Issue of Share at Premium: ITAT Deletes Rs. 57.5 Crore Addition

May 19, 2024 2778 Views 0 comment Print

ITAT Kolkata deletes Rs. 57.5 crore addition in ITO vs. Umang Trading Pvt. Ltd., affirming equity investments and explaining source of funds.

Ethical CA Practice – Building Trust with Integrity

May 19, 2024 1284 Views 0 comment Print

For a ethical CA Practice, following factors play a very important role:- FAITH As faith is a belief, trust is an action, Even a deaf can conclude this from ones motion, There is no fees to learn this, use your own intuition, As we all believe on our knees that they keep us standing without […]

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