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Delayed Remittance of Employee Contribution Funds: ITAT Upholds Disallowance

September 20, 2023 1116 Views 0 comment Print

Read the full text of ITAT Mumbai’s order in the case of Krystal Integrated Services Pvt Ltd vs. DCIT regarding delayed ESI remittance.

ITAT Deletes Addition: AO Can’t Curtail Expenditure Without Evidence of Fraud

September 20, 2023 912 Views 0 comment Print

Trak Services (P) Ltd. vs. ITO (ITAT Delhi) – Analysis of ITAT’s order deleting addition on sale consideration of shares. AO’s role and legal references discussed.

Excise Duty Exemption Granted upon Compliance with Notification Requirements

September 19, 2023 588 Views 0 comment Print

Analysis of Alstom T & D India Ltd. vs. Commissioner of GST & Central Excise case, exemption from excise duty, and CESTAT Chennai’s decision.

Revenue Recognition Method Aligned with AS-9 Mandate: Addition deleted

September 19, 2023 2805 Views 0 comment Print

Analysis of the ITAT Mumbai ruling in the case of DCIT vs. Red Hat India Pvt. Ltd. regarding revenue recognition and Accounting Standard-9 compliance.

ITAT directs Assessing Officer to Investigate TDS Claim & PAN Misuse

September 19, 2023 3768 Views 0 comment Print

Read about ITAT Delhi’s directive to Assessing Officer to investigate TDS claims and PAN misuse in case of Legend Transport Solutions Pvt. Ltd. vs. ITO.

CA Certificate Suffices to Prove Non-Pass on of Excise Duty Obligation

September 19, 2023 996 Views 0 comment Print

Analyze CESTAT Mumbai’s ruling in Indian Oil Corporation Ltd. vs. Commissioner of Central Excise, focusing on ‘unjust enrichment’ and CA certificate’s role in excise duty cases.

Deduction Allowed for Warranty Expense Provisions Based on Actual Settlement Costs from Prior Years

September 19, 2023 1419 Views 0 comment Print

Analysis of ITAT Mumbai’s decision on the deduction allowable for warranty expenses based on actual expenses incurred. Case details and conclusion.

Cenvat Credit utilisation for payment of service tax is permissible: CESTAT

September 19, 2023 1527 Views 0 comment Print

Analysis of CESTAT Ahmedabad’s ruling on eligibility to use Cenvat credit for service tax payment when engaged in both manufacturing and services. Case details and conclusion.

Section 10A Deduction Precedes Set-Off of Carry-Forward Business Loss & Depreciation

September 19, 2023 1050 Views 0 comment Print

Read about ITAT Mumbai’s decision in BA Continuum India Private Limited Vs. ITO regarding deduction u/s 10A of Income Tax Act before set-off of business loss and depreciation.

ITAT delete section addition of Loan taken for Property Purchase

September 16, 2023 1722 Views 0 comment Print

In the case of Ekta Garg Vs ITO (ITAT Delhi), the ITAT ruled that addition under Section 68 & 69 of the Income Tax Act cannot be made if the assessee proves the identity and creditworthiness of lenders for property purchase loans.

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