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ITAT Imposes Cost for Non-Compliance of Notices (Disregard of Quasi-Judicial Authority)

July 17, 2023 777 Views 0 comment Print

Unraveling the case of Gopal Singh vs ITO, in which ITAT calls out the disregard of quasi-judicial authority. Understand the key facts, analysis, and implications of this significant ITAT ruling.

ITAT Mumbai Deletes Addition for Deemed Interest on Director’s Loan to Company

July 17, 2023 747 Views 0 comment Print

Read the full text of the ITAT Mumbai order in the case of Nikhil Suryakant Shah vs ITO. The ITAT has deleted the addition for deemed interest on a loan given by the director to the company. Get the analysis and conclusion here.

No Refund of Education Cess and HE Cess under Notification No. 56/2002-CE

July 17, 2023 693 Views 0 comment Print

Explore the CESTAT’s recent ruling in the case of Kashmir Steel Rolling Mills vs Commissioner of Central Excise, where the tribunal upheld the rejection of the refund claim for Educational Cess due to its exclusion in the area-based exemption notification.

CENVAT Credit Permissible Even Without Registration Under Rule 5

July 17, 2023 837 Views 0 comment Print

Learn about CESTAT’s recent ruling in the Aricent Technologies case, which validates the grant of CENVAT credit even when service-exporting premises are not registered under Rule 5 of CENVAT Credit Rules.

Lease Rent & Packaging Charges from Manufacturing Services is Business Income

July 16, 2023 756 Views 0 comment Print

Read about ITAT Delhi’s important ruling in the Hyderabad Distilleries and Wineries Pvt Ltd case, confirming that income from lease rent and packaging charges in manufacturing services is treated as business income.

Penalties & interest cannot be imposed Retrospectively on Service Tax

July 16, 2023 2244 Views 0 comment Print

ead the full text of the CESTAT Chennai order in the case of Commissioner, Namakkal Municipality Vs Commissioner of GST & Central Excise. The case deals with the imposition of penalties and interest on service tax retrospectively. The CESTAT Chennai sets aside the interest and penalties, citing the retrospective amendment and the principle of non-ex post facto penalties.

Insurance Claims for Floods in North India: IRDAI Circular | July 2023

July 16, 2023 363 Views 0 comment Print

Read the latest circular from the Insurance Regulatory and Development Authority of India (IRDAI) regarding insurance claims for floods in Himachal, Punjab, Haryana, and Delhi regions. Get insights on immediate service response, helpline activation, claims processing, and submission of information to IRDAI.

CESTAT Grants Cenvat Credit on Sugar Cess Paid as CVD on Raw Sugar Imports

July 16, 2023 495 Views 0 comment Print

In the recent landmark decision, CESTAT Ahmedabad has allowed Cenvat Credit on sugar cess paid as CVD on raw sugar imports, favoring Renuka Sugars Limited. This ruling, echoing several previous judgements, clarifies the position of cess as excise duty.

Section 271(1)(b): ITAT Upholds Penalty for Assessee’s Willful Disobedience

July 16, 2023 564 Views 0 comment Print

Read an in-depth analysis of the Ishoo Narang Vs ACIT (ITAT Hyderabad) case. The ITAT upheld a penalty levied due to non-compliance with a notice under section 271 of the Income Tax Act.

HC deletes penalty despite E-way bill expiry as found no intention to evade tax

July 16, 2023 1122 Views 0 comment Print

Examine the Calcutta High Courts ruling in Usha Martin Limited Vs Deputy Commissioner of State Tax, highlighting how the court adjudicated on matters related to delayed appeals, e-Way Bill expiration, and tax levies.

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