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CESTAT Sets Aside Tax Demand: Job Fabrication Not Manpower Recruitment Service

September 5, 2023 318 Views 0 comment Print

A deep dive into CESTAT Ahmedabad verdict in Hitech Industries Vs C.S.T.-Service Tax. The tribunal clarified that job fabrication does not fall under the category of Manpower Recruitment or Supply Agency Service, setting aside Service Tax demand.

Waiver of Loan Not Cessation of Trading Liability under Section 41(1): ITAT Delhi

September 5, 2023 939 Views 0 comment Print

Analysis of ITAT Delhis ruling in Luxor Writing Instruments (P) Ltd Vs DCIT. The tribunal clarifies that the waiver of a loan does not amount to cessation of trading liability under Section 41(1) of the Income Tax Act.

Actual Gratuity Deduction Not Disallowed: ITAT Directs Fresh Consideration

September 5, 2023 1338 Views 0 comment Print

Explore a detailed analysis of the recent ITAT Bangalore verdict on Integrace Private Limited Vs NFAC/CIT(A), focusing on provisions of gratuity and tax deductions under section 37 and 43B.

MCA Penalizes Company, Directors & CS for EGM Notice Non-Display on website

September 5, 2023 30756 Views 0 comment Print

Learn about penalty imposed by MCA on a company, its directors, and company secretary for failing to display an EGM notice on website.

Extended Amnesty Scheme for Export Defaults by Advance & EPCG Holders

September 5, 2023 1596 Views 0 comment Print

An in-depth analysis of India’s extended Amnesty Scheme aimed at settling defaults in Export Obligations for Advance and EPCG Authorisation holders. Deadline extensions, procedural guidelines, and more.

Charitable Trust Registration rejection without Application of Mind is Unsustainable

September 5, 2023 5199 Views 0 comment Print

A detailed analysis of ITAT Mumbai ruling in Surti Modh Vanik Jagruti Mandal Vs ITO (E). Learn why ITAT found CIT(E) rejection of the trust unsustainable.

MCA Imposes Penalty for Missing explanatory statement about Independent director appointment in EGM notice

September 5, 2023 780 Views 0 comment Print

MCA levies penalties due to EGM notice non-compliance. Exploring the United Telecoms Limited case, Section 152 violation, and the implications. Analysis and outcome.

No Section 271(1)(c) Penalty if AO’s Addition Lacks Jurisdiction

September 5, 2023 426 Views 0 comment Print

DCIT Vs Milan Kavinchandra Parikh (ITAT Mumbai) Introduction: The Income Tax Appellate Tribunal (ITAT) Mumbai recently delivered a pivotal judgment in the case between the Deputy Commissioner of Income Tax (DCIT) and Milan Kavinchandra Parikh. The judgment raises key questions surrounding the jurisdiction of penalties levied under section 271(1)(c) of the Income Tax Act, 1961. This […]

DGGI investigation cannot be stopped for investigation of any other entity

September 5, 2023 1143 Views 0 comment Print

Petitioner has a separate GST registration. If any of DGGI authorities has found it necessary to investigate petitioner based on certain information, said investigation cannot be stopped or interdicted on account of investigation conducted with respect of any other entity.

AO Must allow Advance Tax credit Despite Assessee Error: ITAT Mumbai

September 5, 2023 954 Views 0 comment Print

Analysis of the ITAT Mumbai ruling in the case of Damco India Pvt Ltd Vs CIT. Key insights into why the AO must grant advance tax credits overlooked by the taxpayer.

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