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ITAT deletes addition for duly explained cash deposit

September 1, 2023 828 Views 0 comment Print

Review of ITAT Mumbai’s ruling in Kamlesh Vasant Nerkar Vs CIT, emphasizing the need for AO to recognize income that has been adequately explained by the taxpayer.

Section 24(b), 80C & 80D Deduction Can’t Be Denied for Not Claiming in ITR

September 1, 2023 6291 Views 0 comment Print

In Sandip Chattopadhyay vs. ITO case, ITAT Kolkata ruled that deductions under sections 24(b), 80C, and 80D cannot be denied for not being claimed in ITR.

Gold Jewellery Within CBDT Circular Limit Not Deemed Unexplained: ITAT

September 1, 2023 4260 Views 0 comment Print

An analysis of ITAT Delhi’s ruling in the Neeti Rastogi vs. ACIT case, emphasizing CBDT Circular’s role in defining unexplained jewellery under the Income Tax Act.

Surrendered Income of Doctor is Professional Income unless there is clear contrary Evidence

September 1, 2023 519 Views 0 comment Print

ITAT Chandigarh rules on treating surrendered income as medical profession income in the case Bharat Vipan Garg Vs PCIT. Dive deep into the judgment details.

Limitation Act 1963 Doesn’t Apply to GST Appeal Timeframes

September 1, 2023 3651 Views 0 comment Print

Tripura High Court’s decision on whether the Limitation Act 1963 applies to GST appeals. Analysis of Sanjib Kumar Pal Vs Union of India.

Physician samples assessable under Section 4(1) a) of Central Excise Act, 1944

September 1, 2023 333 Views 0 comment Print

CESTAT Chennai supports Fourrts India Laboratories, ruling that physician samples fall under Section 4 (1) (a) of the Central Excise Act, 1944. Dive into the details of this landmark decision.

Discretionary Penalties Shouldn’t Burden Compliant Assessees: CESTAT Chennai

September 1, 2023 465 Views 0 comment Print

Detailed analysis of Beach Minerals Company’s appeal against Commissioner of GST & Central Excise ruling. CESTAT Chennai orders fresh adjudication.

ITAT Denies SEZ Developer Section 80IAB Deduction on Food & Beverage Sales Income

September 1, 2023 540 Views 0 comment Print

The ITAT Delhi ruling on Seaview Developers regarding deduction claims under section 80IAB for sales of food and beverages and interest expenses.

Service Income Misclassification Doesn’t Make it a Donation

September 1, 2023 270 Views 0 comment Print

Analysis of ITAT Delhi’s verdict on Global Research Forum’s service income labeled as a donation. The impact of misclassifying income in financial records.

Flue Gas generated during manufacture of metallurgical coke is not a manufactured product

August 31, 2023 345 Views 0 comment Print

Explore the CESTAT Kolkata ruling on whether flue gas generated during metallurgical coke manufacturing is a manufactured product and subject to excise duty. Learn about the legal analysis and implications.

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