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ITAT Directs Individual Tax Rates for Trust with Known Beneficiaries

September 14, 2023 2907 Views 0 comment Print

Analyzing ITAT Chennai’s decision on the tax rate application in Dinroze Estate Vs ITO case. The trust with known beneficiaries should be taxed at individual rates.

Delhi HC Quashes Income Tax Notice Due to Failure to Note Disclosures in ITR

September 14, 2023 5877 Views 0 comment Print

Delhi High Court’s landmark judgment in Shalini Mittal Vs ITO case, quashing the income tax notice issued under Section 148A(b) of the Income Tax Act for Assessment Year 2018-19.

Taxation of Salary for Work in Foreign Jurisdiction Under India-China DTAA

September 14, 2023 648 Views 0 comment Print

An in-depth analysis of the Ramesh Kumar AE Vs ITO (ITAT Chennai) case. Discover why the ITAT Chennai ruled that salary earned in a foreign jurisdiction is not taxable in India.

Give chance to Assessee to establish non-receipt of statutory notices: ITAT

September 14, 2023 780 Views 0 comment Print

An in-depth analysis of the ITAT Delhi’s order in the case Poonam C/o Sanjeev Anand vs ITO, focusing on the significance of the ruling that assessees should be given a chance to establish non-receipt of statutory notices.

GST Registration Cancellation: SCN Must be Clear on Reasons

September 14, 2023 687 Views 0 comment Print

Analysis of Delhi High Court ruling in Frequent Logistics Services Pvt. Ltd Vs Commissioner Goods And Service Tax Department. Emphasizes the need for clarity in Show Cause Notices for GST registration cancellation.

Bonus Shares cannot be taxed under section 56(2)(vii)(c )

September 14, 2023 735 Views 0 comment Print

Analysis of ITAT Delhis decision in DCIT Vs Aruna Chandhok case. Understand why no income tax is payable on bonus shares under Income from Other Sources.

Recovery mechanism of Rule 3(5B) of Cenvat Credit Rules is Effective from 01.03.2013

September 13, 2023 846 Views 0 comment Print

Exploring the key details of the GKN Driveline (India) Ltd vs CCE case at CESTAT Chandigarh, and its impact on the reversal of Cenvat Credit under Rule 3(5B).

Foreign Assignment Allowances for Overseas Services Not Taxable in India

September 13, 2023 1107 Views 0 comment Print

Understanding the ITAT Hyderabad decision in Durga Prasad Sana Vs ITO. Why foreign assignment allowances received outside India aren’t taxed in India.

HC directs exclusion of Period from 15.03.2020 to 28.02.2022 from limitation

September 13, 2023 834 Views 0 comment Print

In the Alagu Kannan Vs Assistant Commissioner (ST)(FAC) case, Madras High Court sets a precedent for GST credit rectification, excluding a specific period from limitation. Learn more about this significant tax law development.

HC allows GST registration restoration Post-Cut-Off Date of Cancellations

September 13, 2023 672 Views 0 comment Print

In-depth analysis of Bombay High Court ruling in the C.P. Pandey & Co vs Commissioner of State Tax case concerning GST registration cancellation.

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