ITAT Chennai rules in favor of Satishkumar Ekambaram for Foreign Tax Credit claim, citing previous rulings. Read the detailed decision for AY 2018-19 & 2019-20.
Allahabad HC dismisses plea in Laxmi Telecom Vs State of U.P., ruling alternative statutory remedies are available for GST disputes. Key highlights inside.
The assessee filed return for AY 2017-18 declaring Nil income after claiming deduction under Chapter VIA at Rs.13,48,854/- while claiming business loss at Rs.3,56,511/-. Case was selected for scrutiny.
Glass Beads (rockies) were imported against bills of entry. Some quantity which is covered by first of bills was re-assessed at US$ 1.60/Kg while consignment in subsequent shipments was re-assessed at US$ 1.75/Kg.
ITAT Ahmedabad remands case for de novo assessment on non-compliance by assessee, upholding cash payment and transport expense disallowances.
CIT (A) was directed to reassess the long-term capital gain (LTCG) claim as it was found that new evidence submitted by assessee had not been considered during the earlier proceedings.
ITAT Mumbai held that in the matter of adjustment of seized cash against self-assessment tax liability restored the matter back to file of AO for re-verification of application filed by the assessee. Accordingly, appeal partly allowed.
NCLAT clarifies that operational creditors cannot access parts of a resolution plan before its approval but retain the right to file objections during CIRP.
ITAT Delhi permits withdrawal of duplicate appeal by AIX Connect Pvt Ltd for AY 2020-21 due to duplication of appeal numbers.
ITAT Ahmedabad dismisses appeal of Nihar Prabhatbhai Desai as withdrawn following application under Vivad Se Vishwas Scheme 2024.
