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CESTAT Confirms 6% Interest on 253-Day Delay in Customs Duty Refund

September 11, 2023 2139 Views 0 comment Print

Exploring the CESTAT Chennai decision in Nanda Agency Vs Commissioner of Customs on granting 6% interest for 253-day delay in customs duty refund.

CESTAT Quashes SCN for Lack of Suppression or Misstatement Allegations

September 11, 2023 660 Views 0 comment Print

A detailed analysis of CESTAT Bangalore’s ruling in favor of Nexteer Automotive India over the Commissioner of Central Excise and Service Tax. Learn why the show-cause notices were quashed.

ITAT allows expenditure incurred on amenities provided to tenants against house property income

September 11, 2023 1146 Views 0 comment Print

Analysis of ITAT Kolkata’s landmark decision in Bagaria More Co. Ltd. vs ADIT, focusing on the treatment of the cost of amenities provided to tenants under Income from House Property.

Differential duty demand unsustainable if Original Bills of Entry Assessment not challenged

September 11, 2023 1089 Views 0 comment Print

CESTAT Kolkata order in Rajib Saha Vs Commissioner of Customs. Learn how CESTAT quashed the differential duty demand Without Challenging Original Bills of Entry Assessment on PPC Cement imported from Bangladesh.

Advocate’s Failure to Inform Client Doesn’t Justify Appeal Delay: Court Ruling

September 11, 2023 3759 Views 0 comment Print

Explore the Allahabad High Court judgment in Manoj Steel Traders Vs State of U.P. Learn why the court ruled that non-communication of an order by an advocate is not a valid reason for condoning delay in filing an appeal.

ITAT set-aside PCIT order as Allegation of under Statement of Revenue was Baseless  

September 11, 2023 828 Views 0 comment Print

ITAT Mumbai quashes PCIT order against Masani Engineering Co. Pvt Ltd . Explore detailed analysis of why allegations of understated revenue in P&L were baseless.

No addition for alleged unaccounted sale proceeds based on mere loose papers or retracted statements

September 9, 2023 1218 Views 0 comment Print

In Vinodchandra Dalsukhram Gokhlani Vs ITO, ITAT Ahmedabad ruled on addition for unaccounted sale proceeds based on loose papers and retracted statements

Incidence of Duty Borne by Appellant, Unjust to Credit Refund to Consumer Welfare Fund: CESTAT

September 9, 2023 522 Views 0 comment Print

Analysis of the CESTAT Chennai order in Axon Drugs (P) Ltd Vs Commissioner of GST & Central Excise case. Discover why directing excise refund to Consumer Welfare Fund was deemed unjust.

Disallowance Under Section 40(a)(ia) valid for Non-TDS on NBFC Interest

September 9, 2023 14874 Views 0 comment Print

Analyzing the case of Sanjay Bajpai Builders Vs ACIT and the ITAT Raipur’s ruling on disallowance u/s 40(a)(ia) of the Income Tax Act for failure to deduct TDS on interest to NBFCs.

ITAT Mumbai Restores Set-Off Dispute: STCG vs. Non-STT Short-Term Capital Loss

September 9, 2023 960 Views 0 comment Print

Delve into the Prem Naraindas Raney Vs DCIT (ITAT Mumbai) case to understand the complexities surrounding the set-off of short-term capital loss against gains under section 70 and 71 of the Income Tax Act, 1961.

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