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Archive: August, 2024

Posts in August, 2024

Adjuvants classifiable as per material composition in respective Tariff heading: CESTAT Bangalore

August 19, 2024 168 Views 0 comment Print

CESTAT Bangalore rules Montanide ISA 206 VG is not classifiable as a veterinary vaccine. Penalty on Bharat Biotech under Customs Act deleted.

No income Tax addition based on document’s which did not explicitly mention assessee’s name

August 19, 2024 3483 Views 0 comment Print

Calcutta High Court affirms ITAT’s decision to delete income tax addition under Section 69 due to lack of direct evidence against Salarpuria Properties Pvt. Ltd.

No Income Tax Additions based On Generalised Investigation Wing Report: ITAT Mumbai

August 19, 2024 849 Views 0 comment Print

ITAT Mumbai dismisses income tax additions for AY 2014-15, stating reliance on a generalized report without independent inquiry is insufficient.

Interest Income Linked to Business, cannot be treated as other income

August 19, 2024 3243 Views 0 comment Print

ITAT Mumbai dismisses Revenue’s appeal, upholds CIT(A) decision to delete addition of interest income from fixed deposits in Evita Construction Pvt. Ltd. case.

Post-importation Installation Supervision Charges Not includible in Assessable Value: CESTAT Bangalore

August 19, 2024 159 Views 0 comment Print

CESTAT rules that supervision and efficiency test charges paid to overseas suppliers can’t be included in the assessable value for customs duty.

GST Authorities Empowered to Detain Goods & Survey Business Premises for Document Verification

August 19, 2024 426 Views 0 comment Print

Allahabad HC rules that GST authorities can survey business premises for verifying transactions when goods are intercepted without proper documents.

C-Forms Can’t Be Deemed as Non-Genuine Without Fair Hearing: Madras HC

August 19, 2024 264 Views 1 comment Print

Madras High Court inTvl. Arudra Engineering Private Limited Vs Assistant Commissioner (ST) ruled that C-Forms cannot be deemed non-genuine without giving the petitioner a chance to prove their validity.

₹1.36 Crore Penalty for Tax demand of ₹25000: Madras HC set aside GST Department Order

August 19, 2024 4203 Views 0 comment Print

Madras High Court judgment on Hajee S M Ahamed and Company vs Deputy State Tax Officer, remanding ₹25,000 GST demand and ₹1.36 crore penalty for ‘Nil’ E-way bill.

Scope of Income Tax Search Assessment – A Tabular Form

August 19, 2024 2355 Views 0 comment Print

Discover the updated Income Tax assessment procedures for searches starting from September 2024, including tax rates, penalties, and timelines.

Supreme Court Revives GST on Mining Royalties

August 19, 2024 3744 Views 1 comment Print

Supreme Court’s new ruling revives GST on mining royalties, overturning prior decision, with provisions for tax recovery, installment payments, and penalty waivers.

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