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CESTAT Chennai Rules in Favor of Sugar Mill – Manpower Supply Allegations Rejected

July 30, 2023 657 Views 0 comment Print

CESTAT Chennai allows the appeal filed by Nadippisai Pulavar K.R. Ramasamy Co-operative Sugar Mills Ltd., rejecting the allegations of manpower supply. The demand for Service Tax is set aside.

Madras HC Sets Aside GST Demand Without Opportunity of Being Heard

July 30, 2023 816 Views 0 comment Print

The Madras High Court sets aside a GST demand and penalty imposed on M.B.M. Steels for an inward supply from a non-existent supplier without affording them an opportunity to be heard.

CCI Drops Anti-Profiteering Proceedings Against SJP Hotel & Resorts Pvt. Ltd

July 29, 2023 711 Views 0 comment Print

Competition Commission of India (CCI) drops anti-profiteering proceedings against SJP Hotel & Resorts Pvt. Ltd. as they are executing only one project.

ITAT Disallows Tax Exemption for Trust’s Commercial Activities

July 29, 2023 3846 Views 0 comment Print

Learn about the ITAT Chennai verdict in Palaniappa Charitable Vs ITO where income from commercial activities carried out by the trust was not considered exempted from income tax.

Madras HC Orders Provisional Release of Seized Car and Cash

July 28, 2023 825 Views 0 comment Print

The Madras High Court orders the provisional release of a seized car and cash in the case of Eburamusa Sherif vs. Principal Commissioner of Customs. The court sets certain conditions for the release.

CESTAT Chennai Quashes BSNL’s Service Tax Demand for Telecom Services

July 28, 2023 750 Views 0 comment Print

CESTAT Chennai grants relief to Bharat Sanchar Nigam Limited (BSNL) by quashing the demand for service tax on telecom services for the period 01.06.2008 to 31.03.2011 due to the non-inclusion of an Explanation in Rule 5(1) of the Service Tax Rules.

Pre-01.04.2021 CPC cannot make Adjustments in section 80P Deduction

July 28, 2023 831 Views 0 comment Print

In an ITAT Kolkata ruling, deduction u/s 80P for AY 2019-20 was allowed due to timely filing within the due date specified by CBDT. The CPC’s adjustment was deemed beyond its jurisdiction before April 2021

Allahabad HC Grants One Month for Assessee to Reply to Invalid SCN

July 28, 2023 1185 Views 0 comment Print

In a recent judgment, the Allahabad High Court granted one month to the assessee, M/s Abhay Traders, to submit a reply to a vague and invalid show cause notice alleging bogus purchases.

LIC Survival Benefit from Father’s Death Exempt Under Section 10(10D): ITAT

July 28, 2023 606 Views 0 comment Print

The Income Tax Appellate Tribunal (ITAT) Hyderabad ruled in favor of Rajiv Venkataraman, stating that the survival benefit received from LIC on his father’s death is exempt under Section 10(10D) of the Income Tax Act.

ITAT Allows Deduction for NPS Bad Debts Declared Pre-01.04.2006 by Co-op Bank

July 28, 2023 564 Views 0 comment Print

The Income Tax Appellate Tribunal (ITAT) Mumbai dismisses the Revenue’s appeal and allows bad debts declared as Non Performing Assets (NPS) before 01.04.2006 as a deduction under section 36(1)(vii) of the Income Tax Act for Abhyudaya Co-op Bank Limited for AY 2012-13.

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