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Judiciary

Order Passed Ignoring Taxpayer’s Reply is liable to be set aside: Delhi HC

April 17, 2024 1266 Views 0 comment Print

Delhi High Court rules in Kaycee Polymers Pvt. Ltd. vs Union of India that orders ignoring taxpayer replies are invalid. Get insights on this significant case.

Refunded Security Deposit not taxable under section 56(2)(vii)(a)

April 16, 2024 1257 Views 0 comment Print

Detailed analysis of Chandarani N. Goyal Vs ITO case where Mumbai ITAT ruled that money received as a security deposit, if refunded, is not taxable under section 56(2)(vii)(a) of the Income Tax Act.

ITAT Directs AO to Verify Commission Agents’ Income Declaration & Service Renderings

April 16, 2024 528 Views 0 comment Print

In Chandresh P. Thakker vs National Faceless Assessment Centre case, Mumbai ITAT allows commission expenses if supported by evidence of services rendered by commission agents and income shown in return.

Action under Section 153C cannot be based solely on Survey Material

April 16, 2024 729 Views 0 comment Print

Mumbai ITAT clarifies that action under section 153C can’t be based solely on survey material. Detailed analysis of the case and its implications.

No Section 68 Addition If Taxpayer Proves Share Subscribers’ Genuineness & Creditworthiness

April 16, 2024 480 Views 0 comment Print

ITAT Mumbai overturns AO’s addition of Rs. 80 Lakh against mere Rs. 50,000 share capital infusion, ruling in favor of taxpayer’s proof of subscriber genuineness.

Bombay HC Invalidates GST Demand on Ocean Freight

April 16, 2024 2148 Views 0 comment Print

Bombay High Court nullifies GST demand on ocean freight from outside India citing ultra vires notification. Detailed analysis and conclusion provided.

Deceased Partner’s Heirs Not Liable for Firm’s Obligations: SC

April 16, 2024 3351 Views 0 comment Print

Supreme Court ruling clarifies legal heirs’ non-liability for firm debts after partner’s demise. Detailed analysis & judgment overview.

Freight Insurance cost not includible in ATF Duty Calculation for Aircraft Fuel Tanks

April 16, 2024 399 Views 0 comment Print

CESTAT Delhi’s ruling favors Indian Airlines Ltd, excluding freight & insurance from duty calculation for ATF consumed in aircraft fuel tanks. Full text of the order provided.

No Deduction if Employees’ Contribution Not Paid to PF & ESI: Kolkata ITAT

April 16, 2024 450 Views 0 comment Print

Learn about the ruling by ITAT Kolkata stating no deduction can be claimed if employees’ contributions deducted from salaries were not paid to PF & ESI accounts. Full order analysis provided.

Section 80P deduction allowable on Interest Income Of Co-Op Society From Investment With Other Co-op Society: Mumbai ITAT

April 16, 2024 5754 Views 0 comment Print

Indian Oil Employees Welfare Cooperative Society Ltd. vs ACIT (ITAT Mumbai) case discusses the eligibility of cooperative society interest income under section 80P. Read the detailed analysis and conclusion.

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