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Lapsing of Cenvat Credit Applies Only in case of Absolute Exemption Notifications

November 22, 2023 384 Views 0 comment Print

Explore the CESTAT Ahmedabad ruling in Suraj Industries vs. C.C.E & S.T.-Silvassa. Analysis of Cenvat Credit Rules, exemption dispute, key arguments, and tribunal’s verdict.

Bombay HC quashes assessment order due to non-service of physical notice for reopening

November 21, 2023 6903 Views 0 comment Print

Bombay High Court quashes assessment order due to lack of notice. Analysis of SOP compliance and the importance of assessees reasonable opportunities under Faceless Assessment.

Section 148: Belief by AO Requires Tangible Evidence, Not Suspicion

November 18, 2023 2244 Views 0 comment Print

Delhi High Court quashes notice u/s 148 for AY 2011-12, emphasizing lack of tangible material. Learn key insights on reassessment proceedings.

HC Quashes improperly served Section 148 notice

November 18, 2023 1584 Views 0 comment Print

Delhi High Court ruling on PCIT vs. Dart Infrabuild (P) Ltd. addressing invalid notice, jurisdictional defect, and assessment proceedings for AY 2010-11.

Kerala HC Directs NFAC for Expedited Decision on Income Tax Arrears Appeal

November 13, 2023 402 Views 0 comment Print

Kerala High Court directs the NFAC to expedite the resolution of income tax appeals and stay applications, preventing recovery proceedings on arrears.

Excise Duty/Interest/Penalty Demands Not Sustainable for Mere Wrong Mention of Registration in Payment

November 12, 2023 273 Views 0 comment Print

Read the CESTAT Ahmedabad’s order in Vidyut Corporation vs. C.C.E. & S.T.-Daman, where excise duty demands, interest, and penalties are deemed unsustainable due to a mere wrong mention of registration in payment.

ITAT Directs De Novo Adjudication for Denial of Section 11 Exemption

November 12, 2023 576 Views 0 comment Print

Explore SAE India vs ITO tax dispute (ITAT Chennai) over Section 11 exemption, GPU classification, mutuality principles. Key issues, grounds, and legal analysis.

ITAT Upholds Income Tax Addition for Unexplained Cash Deposit in Bank Account

November 12, 2023 1638 Views 0 comment Print

ITAT Chennai upholds income tax addition due to failure in explaining the source of a significant cash deposit in a bank account. Learn more in this analysis.

Advisory on verification of transporter Id (TRANSIN) in e-Waybills

November 12, 2023 4155 Views 0 comment Print

Understand the three categories of E-Waybill transporters, and the crucial role of verifying IDs. Learn to use ‘Get GSTIN’ and ‘Get TRANSIN’ APIs for accurate checks

CESTAT allows Transfer of Accumulated CENVAT Credit from EOU to DTA Unit Post EOU Status Exit

November 11, 2023 558 Views 0 comment Print

CESTAT Chennai’s landmark order: Accumulated CENVAT credit from an EOU unit can be transferred to a DTA unit upon exiting EOU status. Analysis and implications.

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