CESTAT Delhi ruled demand based solely on ST-3 returns vs. trial balance differences unjustified without proof of taxable services. Detailed analysis & conclusion provided.
Chennai ITAT’s ruling on Ramasubramaniam Sridhar Paul Vs ITO clarifies Sec.54F: no mandate on specific money usage for new investments under Capital Gain Account Scheme.
Detailed analysis of ITAT Ahmedabad’s order regarding CIT(A)’s authority to delete disallowance without considering AO’s findings under Income Tax Act, 1961.
Ahmedabad ITAT’s order in Atul Limited vs DCIT case discusses TP adjustments, volume discount, geography adjustments, and more. Detailed analysis provided.
CESTAT Chennai quashes penalty imposed under Section 114(ii) of Customs Act, citing lack of intent to export semi-finished leather. Full text analysis included.
Once a export benefit under which shipping bill was filed has been availed, the conversion to any other scheme cannot be allowed as either draw back scheme benefit could be availed or advance license benefit could be availed and not both
In a detailed analysis of Axis Bank Limited Vs ACIT case, Ahmedabad ITAT explains the difference between a Letter of Credit and Corporate Guarantee, resolving disallowance disputes.
Mumbai ITAT ruling exempts notional interest credited as per accounting standards from taxation, citing real income principle. Details of ACIT vs Kesar Terminals and Infrastructure Ltd.
Read the detailed analysis of Kanjula Rajagopal Reddy Firm vs. ITO case by ITAT Vishakhapatnam regarding TCS credit eligibility under Section 194Q without TDS shortfall.
HC held that According to Section 12 of Limitation Act, 1963, the day order was signed and the day judgment was pronounced should be excluded for calculation of limitation for Appeal Filing under GST.
