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Debatable issue cannot be rectified under Section 154 of Income Tax Act

November 6, 2023 1083 Views 0 comment Print

Find out if Anandji Kalyanji’s tax assessment dispute was resolved by Section 154 of Income Tax Act, 1961. Learn what ITAT Jodhpur ruled in case of Anandji Kalyanji vs. ACIT in this blog post.

ITAT Directs Reevaluation of Registration Denial for Indian Red Cross Society

November 6, 2023 537 Views 0 comment Print

The Indian Red Cross Society’s denial of registration under sections 12AB and 80G(5) of the Income Tax Act faces reevaluation by the ITAT due to concerns about compulsory donation fund transfers.

Essential Commodities Act Amendment 2023 – Stock Limits for Pulses

November 6, 2023 960 Views 0 comment Print

Government of India’s order amending the Essential Commodities Act, 1955, to impose stock limits on pulses until December 31, 2023. Learn the details and implications

Input Services for Clearance of Final Products upto Place of Removal are Eligible for CENVAT Credit

November 6, 2023 249 Views 0 comment Print

CESTAT Mumbai allows CENVAT credit for services related to manufacturing and clearing final products up to the place of removal. A critical analysis of the JSW Steel Ltd vs. Commissioner of Central Excise case.

Section 68 addition can be made only in the Assessment year of receipt 

November 6, 2023 1038 Views 0 comment Print

ITAT Kolkata clarifies that cash credit addition under Section 68 of the Income Tax Act should be made for credits received during the relevant assessment year. Details of Shaktigarh Textile and Industries Ltd. vs. DCIT case.

Mandatory Personal Hearing Before Adverse GST Assessment Order: Allahabad HC

November 6, 2023 1032 Views 0 comment Print

Allahabad High Court rules that Assessing Authorities must provide an opportunity for personal hearing before passing adverse tax assessment orders, regardless of assessee’s choice.

Bogus Purchase: ITAT Kolkata restricts addition to 5% of Bogus Purchase

November 5, 2023 2625 Views 0 comment Print

Learn about ITAT Kolkata’s decision in Sushama Industries vs. ITO for AY 2011-12, where a 5% disallowance is made on profit element of bogus purchases. Details here.

Section 69B Requires Evidence, Not Conjectures: ITAT

November 5, 2023 993 Views 0 comment Print

Read about Babusona Mondal’s appeal against the AO’s addition under Section 69B. ITAT Kolkata rules that additions can’t be made based on conjectures without considering evidence.

Kerala HC Permits Service Tax Appeal with Mandatory Deposit payment

November 5, 2023 462 Views 0 comment Print

In a recent judgment, Kerala High Court permits a Service Tax appeal subject to the mandatory deposit, ensuring compliance with legal requirements.

Absence of Dumping Finding Precludes Imposition of Anti-Dumping Duty

November 5, 2023 210 Views 0 comment Print

Read about the CESTAT Ahmedabad ruling in Century Plyboards I Ltd Vs C.C.-Kandla case, highlighting the denial of anti-dumping duty refund for past clearances and its implications.

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