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CESTAT Directs Re-Examination of Clandestine Goods Removal Case as Witness not examined

August 1, 2023 612 Views 0 comment Print

CESTAT orders re-consideration of a case involving Ashoka Re-Rolling Mills Private Ltd, concerning alleged clandestine removal of goods. Discover more here.

CESTAT Quashes Penalty for Ship Chandler’s Revocation: Non-Violation of Customs Act, Section 89

August 1, 2023 861 Views 0 comment Print

CESTAT Bangalore overrules a penalty against P. J. Johnson & Sons, proving no violation of Section 89, Customs Act. Read our detailed case analysis.

ITAT Ruling: TDS Benefit Year Aligns with Income Assessment Year

August 1, 2023 966 Views 0 comment Print

Learn about ITAT Mumbai’s decision on TDS benefit allowance for Ignitive Digitech Private Ltd Vs DCIT – aligning TDS benefits with income assessment year.

Share of Partnership Profit Not Taxable for Firm’s Non-Payment of taxes

July 31, 2023 2961 Views 0 comment Print

“ITAT Mumbai upholds tax exemption for share of profit from partnership firm, rejects addition u/s 68 due to non-payment of taxes by the firm. Read the full ruling.

Weekly newsletter from Chairman, CBIC dated 31/07/2023

July 31, 2023 1389 Views 0 comment Print

It is with a deep sense of satisfaction and fulfilment that I demit office today after putting in 38 long years in this glorious Service. I have been particularly fortunate to have had the opportunity to serve the nation and you as Chairman of the Board in the final leg comprising almost two years.

ITAT allows capitalization of Penal Interest paid to NOIDA authority

July 31, 2023 1428 Views 0 comment Print

Explore the ITAT Delhi’s ruling on a case, ITO Vs Logix Buildcon Pvt Ltd, asserting that the interest incurred towards project expenses cannot be deducted.

Refund of Excess excise Duty Eligible on Quantity Discount Extension: CESTAT

July 31, 2023 702 Views 0 comment Print

CESTAT Ahmedabad rules in favor of Savita Oil Technologies, allowing the refund of excess excise duty paid due to quantity discounts given to customers.

Weekly newsletter from Chairman, CBIC dated 28/07/2023

July 28, 2023 849 Views 0 comment Print

Decision-makers therefore cannot simply wish away the uncertainty of outcomes from the choices they make. They have to develop strategies that specifically address the challenges. This would involve multiple interacting variables; thinking that would cover a full spectrum of different experiences and scales and predict the future with varying levels of certainty.

Amendment in Export policy of De-Oiled Rice Bran

July 28, 2023 987 Views 0 comment Print

Govt amends De-Oiled Rice Bran export policy from ‘Free’ to ‘Prohibited’ until 30th November 2023. Read Notification No. 21/2023 DGFT details here.

ITAT deletes disallowances for Expense Claims Backed by Documentary Evidence

July 28, 2023 1065 Views 0 comment Print

The Income Tax Appellate Tribunal (ITAT) Delhi partially allows the appeal filed by Kartikeya Enterprises for AY 2015-16, deleting certain disallowances and confirming others based on corroborative documentary evidence.

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