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Kerala HC Sets Aside Assessment Order as AO not considered Reply of Assessee

November 5, 2023 2937 Views 0 comment Print

In a recent judgment, Kerala High Court annuls an assessment order, citing the importance of considering the assesse’s reply before passing judgments.

Property renovation expenses can’t be disallowed for missing details in bill

November 4, 2023 1362 Views 0 comment Print

Property renovation cannot be disallowed merely for the reason that no telephone number, VAT/TIN number has been mentioned in the bill and there is no charges of VAT levied in the bill

Cenvat Credit Not Reversible on ‘Gelatin Mass Waste’ from Manufacturing

November 4, 2023 384 Views 0 comment Print

CESTAT Bangalore’s ruling on Gelatin Mass Waste generated during manufacturing, addressing the demand for CENVAT credit reversal and its sustainability.

Payment to Retiring Partner is Capital Expenditure: ITAT

November 4, 2023 4656 Views 0 comment Print

Payments made as part of a settlement agreement regarding relinquishment of partnership interests are capital expenditures ITAT Pune in ITO Vs Sarsan Developers

Non-Consideration of Investor Identity & Creditworthiness Evidences: Addition deleted

November 4, 2023 627 Views 0 comment Print

In the Prompt Barter Pvt. Ltd. vs. ITO case, ITAT Kolkata directs AO to remove the income tax addition due to non-consideration of evidences for identity and creditworthiness of investors.

Madras HC upheld Classification of ‘Upgraded Beneficiated Ilmenite’ under CTA 2823

November 4, 2023 423 Views 0 comment Print

Read the Madras High Court judgment on the classification of Upgraded Beneficiated Ilmenite and its impact on duty drawback. A detailed analysis of the case.

Kerala HC Orders Passport Release in Smuggled Gold Case

November 4, 2023 474 Views 0 comment Print

Kerala High Court orders the release of a passport detained due to smuggled gold, subject to the petitioner furnishing future travel details and complying with customs conditions.

ITAT Directs Submission of Sales Tax Challan for Payment Proof

November 4, 2023 1068 Views 5 comments Print

Read about the ITAT Delhi’s direction to submit sales tax documents within 6 months. Analysis of the case between Jay Polychem India Ltd and ACIT.

Kerala HC declines Tax Refund, Orders expedited disposal of Pending appeals by ITAT

November 4, 2023 621 Views 0 comment Print

Kerala High Court denies tax refund in Kadavalloor Service Co-Operative Bank Ltd. vs ITO case, orders swift resolution of pending appeals by ITAT

Unproved/non-genuine purchases – ITAT reduces addition from 12.5% to 6%

November 4, 2023 819 Views 0 comment Print

Read the full text of the ITAT Mumbai order in Kailash Judhistir Sahu vs. CIT, where the addition from 12.5% to 6% for inability to produce parties of bogus purchases is restricted.

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