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Adjudicating Authority cannot issue final direction without hearing the Appellant: NCLAT

March 14, 2023 399 Views 0 comment Print

Rajasthan State Mines & Minerals Ltd Vs Parag Sheth & Ors (NCLAT Delhi) It is observed that direction issued by the Adjudicating Authority are final direction allowing an application filed by the RP without issuing notice to the Appellant. Learned Counsel for the Appellant submits that the directions could not have been issued without hearing […]

CESTAT allows transfer of cenvat credit balance to lessee unit

March 14, 2023 129 Views 0 comment Print

The issue to be decided is whether the rejection of the request to transfer the cenvat credit balance to the lessee unit is legal and proper.

In absence of any incriminating documents seized during search- Additions not justified

March 14, 2023 3654 Views 0 comment Print

In absence of any incriminating documents seized during search, AO is not justified in making addition in non-abated assessment orders u/S 153-A r/W Sec 143(3) of Income Tax Act of 1961.

ITAT allows cash payment made to volunteers for drug analysis

March 14, 2023 897 Views 0 comment Print

Panexcell Clinical Lab Pvt. Ltd. Vs ACIT (ITAT Mumbai) ITAT find that the assessee is in the business of drug analysis, clinical trials, and other research activities and as part of the said business, the assessee does lab study of various drugs before their launch in the market. As per the assessee, for the purpose […]

Section 271B penalty deleted – Tax audit report submitted before finalization of assessment

March 14, 2023 5631 Views 0 comment Print

Assessee gets his accounts audited & furnished section 44AB audit report before finalization of assessment order, so section 271B Penalty deleted

No condonation of delay if no steps by appellant to effectively pursue the appeal

March 14, 2023 1203 Views 0 comment Print

ITAT denies condonation of delay & held that Preferring appeal does not mean mere formally filing it but also taking all steps to effectively pursue the appeal

No Service Tax on Construction Services to Gujarat State Police Housing Corporation

March 14, 2023 1206 Views 0 comment Print

Residential complex Construction service to Gujarat State Police Housing Corporation Limited for police staff is not liable to service tax

IP not empowered to withhold relevant information, in case of investigation

March 14, 2023 996 Views 0 comment Print

DC is of the view that two serious contraventions have established beyond doubt. Firstly his non-cooperation to inspecting and investigating authority is in grave violation of Regulation 4(4), Regulation 4(7), Regulation 8 (4) and Regulation 8(8)of the Inspection and Investigation Regulations; Clause 18 and Clause 19 of the Code of Conduct. Furthermore, authority of the […]

CBDT’s selects 68,000 cases from FY 2019-20 for e-Verification

March 13, 2023 6144 Views 1 comment Print

On a pilot basis, in about 68,000 cases, information of financial transactions pertaining to FY 2019-20 has been taken up for e-Verification. Details of the transactions have been initially shared with the individual taxpayer through e-campaign. So far, e-Verification has been completed by the designated Directorate in approximately 35,000 cases and remaining are under verification.

CBIC releases technology related descriptions of Telecom equipment

March 13, 2023 2559 Views 0 comment Print

CBIC was apprised that some of technology related description of Telecom equipments, need to be better understood by all stakeholders for a more effective identification of products and equipment covered therein.

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