Sponsored
    Follow Us:

Section 263 jurisdiction cannot be exercised for substituting other possible view

June 28, 2022 336 Views 0 comment Print

Explore the case of Mahesh Arvind Tilve vs. PCIT (ITAT Mumbai) where the validity of the assessment is questioned. Assess the jurisdictional challenges and the significance of cash transactions.

Service Tax Refund cannot be denied to SEZ unit for mere non-inclusion of service in approved list

June 28, 2022 660 Views 0 comment Print

Explore the case of Tega Industries vs. C.C.E. & S.T. (CESTAT Ahmedabad) as CESTAT overturns refund denial. Analysis of Business Support Service, procedural lapses, and distinct identities.

No Section 271AAB Penalty if Search Proceedings were not initiated on assessee

June 28, 2022 468 Views 0 comment Print

Explore the ITAT Mumbai decision in Ramavatar Mandavewala vs. JT.CIT regarding the applicability of penalty under Section 271AAB for undisclosed cash. Detailed analysis and conclusion.

ITAT deletes addition for cash deposited during demonetization based on past trend of Cash Sales & Deposit

June 28, 2022 2751 Views 0 comment Print

Lateef Abdul Mohd. successfully challenges ITAT Hyderabad decision on cash deposit addition during demonetization, citing sales correspondence and legal precedent.

CBIC Notifies Rate of Exchange of Turkish Lira wef 29.06.2022

June 28, 2022 210 Views 0 comment Print

CBIC Notifies Rate of Exchange of Turkish Lira wef 29.06.2022 vide Notification No. 53/2022 -Customs (N.T.) Dated: 28th June, 2022

FSSAI Imports related directions on rectifiable labeling information

June 28, 2022 741 Views 0 comment Print

FSSAI Imports related directions on rectifiable labeling information for imported food consignments and import of Clove Stem – Instruction No. 10/2022-Customs

Gift Deed can be cancelled if Possession Not Handed Over

June 28, 2022 8583 Views 0 comment Print

HC upheld the cancellation of a gift deed after noting that the possession was not handed over and that the deed was not acted upon by the parties.

PCIT cannot initiate penalty proceedings if no findings in assessment order on under or misreporting of income

June 28, 2022 642 Views 0 comment Print

In absence of any findings in assessment order regarding underreporting or misreporting of income, PCIT cannot revise assessment order to initiate penalty proceedings.

Geopolitical Spillovers and the Indian Economy

June 28, 2022 303 Views 0 comment Print

Reserve Bank of India Geopolitical Spillovers and the Indian Economy (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – June 24, 2022 – Standalone session on ‘Geopolitical Spillovers and the Indian Economy’ organised by the PhD Chamber of Commerce and Industry, New Delhi) Shri Pradeep Multani, President, Shri Saket Dalmia, […]

Credit for taxes paid cannot be denied for mere non-filing of Form No. 67

June 28, 2022 345 Views 0 comment Print

Shri. Vardhan Vishwanath Vijaya Vs ITO (ITAT Bangalore) In so far as the credit for taxes paid in US is concerned, one of the requirements is that the assessee has to file Form 67 which was filed before the AO only after the date of intimation under section 143(1) of the Act. Filing of Form […]

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031