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Uniform valuation of goods outside the purview of advance ruling procedure: CAAR

August 6, 2023 672 Views 0 comment Print

Explore the rejection by CAAR Delhi of Sunmarg Consultancy LLP’s advance ruling on customs duty for imported rags. Legal analysis and implications revealed.

CENVAT Credit Allowed for Erection & Commissioning Services of Spray Drying Plant

August 6, 2023 570 Views 0 comment Print

CESTAT rules in favor of Shivani Detergent Pvt. Ltd., upholding the CENVAT credit for erection & commissioning of a spray drying plant as ‘input service’.

Disallowance of sums paid as bonuses, leave with wages & leave encashment -ITAT directs re-adjudication

August 6, 2023 1050 Views 0 comment Print

Analysis of ITAT Chandigarh’s verdict in Eastman Exports Vs DCIT. The case focuses on audit report dates and tax deductions.

ITAT Upholds Disallowance of Long Term Capital Loss Claim Due to Lack of Proof

August 6, 2023 414 Views 0 comment Print

Explore the case Fab Engineering Pvt. Ltd. vs ITO, where ITAT Ahmedabad upheld disallowance on long-term capital loss claim from sale of company shares.

ITAT Deletes Unexplained Investment Addition, Considering Gift by Husband from Explained FundsITAT Deletes Unexplained Investment Addition, Considering Gift by Husband from Explained Funds

August 6, 2023 1485 Views 0 comment Print

Get a comprehensive breakdown of the ITAT Delhi case, Rukshana Begum vs ITO, involving explained funds and investment for wife’s financial security in old age.

GS1 India’s Income Tax Exemption Denial: An Insight into Delhi HC’s Verdict

August 6, 2023 987 Views 0 comment Print

Delve into the Delhi High Court’s decision rejecting GS1 India’s tax exemption claim under Section 2(15) of the Income Tax Act, pertaining to AY 2013-14.

Delhi HC: TNMM Suitable Method for Indenting-Transactions ALP

August 6, 2023 624 Views 0 comment Print

Read the full text of the Delhi High Court judgment in the CIT vs. Sumitomo Corporation India Pvt Ltd case, concerning Assessment Years 2012-13 and 2013-14. TNMM found suitable for determining ALP for international indenting-transactions.

Delhi HC Scraps Re-Assessment Order Lacking Officer’s Details

August 6, 2023 1014 Views 0 comment Print

Delhi High Court invalidates tax re-assessment order for lack of issuing officer’s information. Explore the court’s reasoning and implications.

Shahil Traders Vs State of U.P.: E-way Bills and Goods Ownership

August 5, 2023 2421 Views 0 comment Print

Read judgment of Allahabad High Court in Shahil Traders Vs State of U.P., discussing E-way bills and goods ownership, leading to quashing of penalty and detention orders.

Central Goods and Services Tax (Second Amendment) Rules, 2023

August 4, 2023 29502 Views 0 comment Print

Seeks to make amendments (Second Amendment , 2023) to the CGST Rules, 2017 vide Notification No. 38/2023- Central Tax, Dated: 04th August, 2023 On August 4, 2023, the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs issued a pivotal notification, number 38/2023-Central Tax. This legal bulletin inaugurated the Central Goods and […]

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