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.
The Ministry of Finance, Department of Revenue announces monetary limits for appeals before CESTAT, High Courts, and Supreme Court to reduce government litigation.
Learn how the CESTAT Kolkata ruled that no provision exists to reverse CENVAT credit on capital goods due to damage and wear & tear. Get insights into the case of East India Holding Pvt. Ltd. vs. Commissioner of CGST & Central Excise.
Analysis of the Supreme Court judgment on the classification of installation cables, outlet modules, patch cords, and fibre optic cables under Karnataka Sales Tax Act.
ITAT Chennai grants relief to Caterpillar India, allowing 60% depreciation on computer software as an integral part of computer systems. Details of the case.
In the case of Manish Ramanbhai Patel Vs ITO, ITAT Ahmedabad allows the appeal, emphasizing that the addition cannot be made in the hands of the assessee for on-money paid by co-owners.
The Delhi High Court directs the ITAT to reconsider the exclusion of Onward Technologies Limited (OTL) as a comparable in the transfer pricing study. Detailed analysis and conclusion.
In a Delhi High Court ruling, it is clarified that no stamp duty is payable on instruments executed by or on behalf of the government. This decision is significant for arbitration cases.
Allahabad High Court ruling: In original proceedings, the burden to prove claimed concessions is on the assessee; it shifts to the department in reassessment. Analysis.
ITAT Mumbai’s recent decision on advance income tax treatment. Explore the case between ITO and Nayak Chaudhari Construction Pvt. Ltd. and its implications.
