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HC dismissed writ petition challenging Section 148A(d) order as jurisdiction of ‘Specified Authority’ not challenged

June 25, 2023 555 Views 0 comment Print

Analysis of the Calcutta High Court’s decision in the case of Expandable Enterprises Private Limited vs. ITO, dismissing the writ petition due to the unchallenged jurisdiction of the “Specified Authority” under Section 151 of the Income Tax Act.

Kolkata Municipal Corporation Can Recover Property Tax Dues Based on Area in Possession

June 25, 2023 933 Views 0 comment Print

Analyzing the Calcutta High Court’s verdict in the Kohlbros Wireless Solutions LLP vs. Kolkata Municipal Corporation case, upholding the Corporation’s right to recover property tax dues based on the area actually in possession.

ITAT Exempts corpus donation of Gold for art gallery of temples u/s 11(1)(d) 

June 25, 2023 546 Views 0 comment Print

The ITAT Ahmedabad ruled in favor of Shree Swaminarayan Bhagwan, a religious trust, exempting a gold donation from tax under Section 11(1)(d) of the Income Tax Act. The gold donation was utilized for the creation of an art gallery, thereby qualifying as corpus donation.

Non-existence of reason for section 148 re­opening – HC Upholds Writ Petition

June 25, 2023 486 Views 0 comment Print

Delve into the recent ruling by the Bombay High Court on the maintainability of a writ petition filed under Article 226 of the Constitution of India, challenging the initiation of proceedings under Section 148 of the Income Tax Act, 1961.

Service Tax refund rejection lacked a stated reason: CESTAT ordered re-adjudication

June 24, 2023 567 Views 0 comment Print

Delve into the Vedanta Aluminium Ltd Vs Commissioner of CGST & Excise case, where CESTAT Kolkata set aside an order rejecting a refund claim of service tax and ordered re-adjudication due to the absence of a stated reason in the original decision.

ITAT upholds section 271B penalty despite non-maintenance of books

June 24, 2023 1434 Views 0 comment Print

Explore the recent judgement of ITAT Pune in the case of Rupa Sanjay Nigade Vs ITO, where the Tribunal upheld the imposition of penalty under Section 271B due to non-audit of books of accounts.

ITAT allows section 80P deduction on Interest Income of Coop Society on Surplus Fund deposits

June 24, 2023 4152 Views 0 comment Print

An in-depth analysis of the Income Tax Appellate Tribunal (ITAT) Pune’s decision allowing cooperative societies to claim a tax deduction for interest income on surplus funds deposited in cooperative banks and scheduled banks under Sections 80P(2)(a)i) and 80P(2)(d) of the Income Tax Act.

CESTAT Quashes Excise Duty Demand on Cenvated Inputs used in Job Work

June 24, 2023 198 Views 0 comment Print

Delve into the Rama Ferro Alloys & Finance Private Limited Vs Commissioner of CGST & CX case where CESTAT Kolkata rules in favour of the appellant regarding utilization of cenvated inputs in job work.

Alleged Tax Evasion: Gujarat HC grants Anticipatory Bail to Officer

June 24, 2023 894 Views 0 comment Print

Explore the Jitendrakumar Ramjibhai Detroja Vs State of Gujarat case where Gujarat High Court grants anticipatory bail to a public servant arrested under Prevention of Corruption Act, highlighting no need for custodial interrogation.

DGFT announces EOP Extension & EODC Issuance Process for Advance Authorization Holders

June 23, 2023 1302 Views 0 comment Print

“Get updated on the recent trade notice by DGFT for the EOP extension and EODC issuance process for Annual Advance Authorisation cases. Discover how the new processes aim to simplify and digitalize procedures.

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