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CBIC Weekly Newsletter: G-20 Summit Success & Anti-Smuggling Operations

September 11, 2023 582 Views 0 comment Print

Read the latest Chairman’s weekly newsletter from CBIC, covering India’s G-20 success, the role of CBIC in global value chains, and recent anti-smuggling operations.

Anti-Dumping Duty Imposed on Chinese Flat Base Steel Wheels

September 11, 2023 2376 Views 0 comment Print

Get latest update on imposition of a 5-year anti-dumping duty on ‘Flat Base Steel Wheels’ from China PR. Details on the decision, reasons, and impact.

Excess Stock-Related Income is ‘Business Income & Not Subject to Section 69B

September 11, 2023 957 Views 0 comment Print

Explore the landmark ruling of Vijay Shriram Gundale Vs ACIT by ITAT Pune. Learn how excess stock income is categorized as business income, exempt from Section 69B of the Income Tax Act.

LPG Stored in ‘Bullet’ Facility at customers premises Not falls under Storage and Warehousing Services

September 10, 2023 885 Views 0 comment Print

Exploring legal intricacies of Total Energies Marketing India Pvt. Ltd. vs Commissioner of GST & Central Excise case ruled by CESTAT Chennai regarding LPG storage and service tax.

CESTAT allows Cenvat Credit on Capital Goods used for providing Output Service

September 9, 2023 891 Views 0 comment Print

A detailed analysis of the landmark CESTAT Kolkata ruling in Emta Coal Limited vs Commissioner of Central Excise & Service Tax. Understand the legal implications for Cenvat Credit on Capital Goods in the context of providing output services.

Addition for cash deposit: Generous Cash Gift to Grandson by maternal grandfather – ITAT restores matter to CIT(A)

September 9, 2023 19914 Views 0 comment Print

An in-depth analysis of the Pitchi Reddy Garlapati Vs ITO (ITAT Hyderabad) case, focusing on the addition for a generous cash gift to a grandson by his maternal grandfather.

Interest on Delayed TDS Payment not allowable as Business Expenditure

September 9, 2023 2343 Views 0 comment Print

Analyzing the ITAT Pune decision in the case of RBL Bank Ltd Vs DCIT on non-allowance of interest on delayed TDS payment and other key issues. A comprehensive review for financial and tax professionals.

MMR Service will be Treated as Exempted Service When the Service Provider did not Receive full Convertible Foreign Exchange within the Time Period Provided under Statute: CESTAT

September 9, 2023 720 Views 0 comment Print

CESTAT held that when there is doubt regarding documents, authority should seek clarification/explanation rather than relying on assumptions.

Appellate authority cannot reject refund on a ground not indicated in SCN

September 9, 2023 1422 Views 0 comment Print

In the Hindustan Motors Ltd vs. Commissioner of Customs and CESTAT Delhi case, the appellate authority’s power to reject a refund claim based on grounds not indicated in the show cause notice is discussed.

Service tax payable on Corporate guarantee & credit protection guarantee service

September 8, 2023 1938 Views 0 comment Print

An analysis of Hindustan Construction vs. Commissioner of Service Tax case, covering service tax on corporate guarantees and credit protection fees.

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