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Judiciary

Excise Duty/Interest/Penalty Demands Not Sustainable for Mere Wrong Mention of Registration in Payment

November 12, 2023 249 Views 0 comment Print

Read the CESTAT Ahmedabad’s order in Vidyut Corporation vs. C.C.E. & S.T.-Daman, where excise duty demands, interest, and penalties are deemed unsustainable due to a mere wrong mention of registration in payment.

ITAT Directs De Novo Adjudication for Denial of Section 11 Exemption

November 12, 2023 516 Views 0 comment Print

Explore SAE India vs ITO tax dispute (ITAT Chennai) over Section 11 exemption, GPU classification, mutuality principles. Key issues, grounds, and legal analysis.

HC allows deduction for Bad Debts Acquired from Predecessor-in-Interest

November 12, 2023 348 Views 0 comment Print

The Delhi High Court upholds the deletion of a disallowance on bad debts amounting to Rs 5 crores acquired by VE Commercial Vehicles Ltd from its predecessor-in-interest.

Non-receipt of notice- ITAT Directs De-novo Consideration of Registration u/s 12AB

November 12, 2023 426 Views 0 comment Print

ITAT Pune rules that registration u/s 12AB of the Income Tax Act cannot be denied due to non-receipt of notice, directing de-novo consideration of the application.

Delhi HC allows Depreciation on Temporary Structures

November 12, 2023 579 Views 0 comment Print

Delhi High Court grants relief to Oriental Bank of Commerce, allowing depreciation on temporary wooden structures. Analysis of key issues in the judgment.

Lack of Corroborative Evidence – CESTAT Quashes Customs Act Section 112A Penalty for Import Undervaluation

November 12, 2023 291 Views 0 comment Print

CESTAT Bangalore quashes penalty under Section 112A of Customs Act on undervaluation of artificial flowers and photo frames due to lack of corroborative evidence. Analysis of the case.

ITAT Chennai: Appeals Allowed, Cost Imposed for Non-Appearance

November 12, 2023 315 Views 0 comment Print

ITAT Chennai allows appeals, directs the assessee to deposit a nominal cost of Rs 5000 for non-appearance before lower authorities. Detailed analysis of the case.

Penalty Cannot Be levied for Inaccuracy if notice was for Concealment of Income

November 12, 2023 702 Views 0 comment Print

ITAT Pune case Shivaji Dattatray Sonawane vs ITO. Explore why the penalty for inaccuracy can’t be levied if the notice was for concealment.

No Addition u/s 68 – Share Application Money Proven with Documents

November 12, 2023 2511 Views 0 comment Print

Inter Publicity Pvt. Ltd. Vs DCIT (ITAT Mumbai) Introduction: The recent order from ITAT Mumbai, dated 17/10/2023, in the case of Inter Publicity Pvt. Ltd. vs. DCIT sheds light on the assessment year 2014-15. The appeal addresses concerns about additions under section 68 of the Income Tax Act related to share application money. Detailed Analysis: […]

ITAT Pune: Re-adjudication on Relief u/s 89 for Employee under ERS Scheme

November 12, 2023 393 Views 0 comment Print

ITAT Pune directs re-adjudication in Anita Anil Rangale’s case, emphasizing employees’ non-entitlement to ERS and company’s lack of obligation under Sec 89.

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