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Section 12AA(3) registration cannot be cancelled without any valid ground: Calcutta HC

July 10, 2024 579 Views 0 comment Print

Read the full judgment of Calcutta High Court dismissing IT Depts appeal against Gobind Ram Goel Charitable Trust’s 12AA(3) registration cancellation. Detailed analysis included.

Revenue Cannot Use Reassessment Powers as a Review Mechanism

July 10, 2024 1017 Views 0 comment Print

It is trite that under guise of power vested in Revenue to reassess an income which had escaped assessment upon production of fresh tangible material, it cannot be allowed to exercise power of review.

No Section 69A addition for Cash deposits recorded in books: ITAT Delhi

July 10, 2024 1230 Views 0 comment Print

Read the full text of the ITAT Delhi order in Durga Fire Work Vs ITO case for AY 2017-18. Learn why Delhi ITAT ruled cash deposits during demonetization as non-taxable.

Bombay HC Quashes Customs Duty Reassessment for Patanjali Foods

July 10, 2024 825 Views 0 comment Print

Read the detailed analysis of Bombay High Court’s judgment quashing customs duty reassessment against Patanjali Foods on crude palm oil imports. Full text included.

Cost of funds deductible against interest income from co-op & scheduled banks

July 10, 2024 270 Views 0 comment Print

Read the full text of the order by ITAT Bangalore on Mudur Vyavasaya Seva Sahakari Sangha Ltd’s appeal against CIT(A)’s decision. Detailed analysis on eligibility under Section 80P(2)(D).

Gujarat HC allows Section 80IA(4) deduction to Captive Power Plant of Alembic Ltd

July 10, 2024 600 Views 0 comment Print

Gujarat High Court grants Alembic Ltd Rs. 4 crore income tax deduction under Section 80IA for their captive power plant. Read the full judgment and analysis here.

CESTAT allows adjustment of excess paid Service Tax against subsequent liabilities

July 10, 2024 606 Views 0 comment Print

Read the detailed analysis of Gulmohar Park Mall Pvt Ltd Vs Commissioner of Central Excise And Service Tax (CESTAT Ahmedabad) where CESTAT upheld the adjustment of excess service tax towards subsequent liabilities.

Cenvat Credit can’t be denied for non-Mentioning of Service Tax Registration in Invoice

July 10, 2024 129 Views 0 comment Print

Read the detailed analysis of Sai Consulting Engineers Pvt Ltd Vs C.C.-Ahmedabad (CESTAT Ahmedabad) where CESTAT rules on procedural lapses affecting Cenvat credit.

Service tax not payable on TDS paid on behalf of foreign service provider

July 10, 2024 165 Views 0 comment Print

Explore the detailed analysis of Indian Additives Ltd vs Commissioner of GST & Central Excise. CESTAT Chennai rules no service tax on TDS paid for foreign service providers. Full text available.

NCLT Grants Zee’s Request to Withdraw Merger Implementation Application

July 10, 2024 147 Views 0 comment Print

Read the full NCLT judgment where Zee Entertainment Enterprises Limited sought to withdraw its merger with Sony Groups, impacting shareholders and creditors. Learn more.

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