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Judiciary

Section 148A(b) mandates notice of seven clear days: HC set-aside Assessment & Notice

October 22, 2023 954 Views 0 comment Print

The Kerala High Court quashes Income Tax Section 148 notice and related orders due to denial of opportunity to file objections, citing mandatory requirements.

Partial Expense Acceptance Indicates Direct Connection to Assessee’s Business Activities: ITAT

October 22, 2023 255 Views 0 comment Print

In a significant victory for the assessee, ITAT Ahmedabad rules in favor, deleting disallowance of vehicle, telephone, and salary expenses. Full analysis here.

ITAT deletes Penalty for Bonafide Mistake in Tax Return

October 22, 2023 879 Views 0 comment Print

In a significant decision, ITAT Ahmedabad rules that a bonafide mistake in computing income tax does not constitute furnishing inaccurate particulars or concealment of income. Full analysis here.

Section 153A Assessment: Addition in Unabated Year Requires Incriminating Material Only

October 22, 2023 513 Views 0 comment Print

Read the ITAT Mumbai order on Arshiya Ltd vs. DCIT for A.Y. 2010-11 & 2012-13. Learn about additions in 153A assessment based on incriminating material and their deletion.

70% Max Depreciation Allowed on Imported Second-Hand Machines: CESTAT Kolkata

October 22, 2023 3498 Views 0 comment Print

In the India Potteries Ltd. vs. Commissioner of Customs case, CESTAT Kolkata rules 70% max depreciation on imported second-hand machines. Full order analysis.

Section 271(1)(c) penalties leviable only in clear cases of income concealment or inaccurate reporting

October 22, 2023 1626 Views 0 comment Print

Read the full text of the ITAT Ahmedabad order regarding the penalty under Section 271 in the case of Harson Labs Pvt. Ltd. vs. ACIT for Assessment Year 2015-16.

Calcutta HC Dismisses Income Tax Appeal After 9-Year Delay

October 22, 2023 285 Views 0 comment Print

Calcutta High Court dismisses an income tax appeal challenging a final order by the Settlement Commission issued after a nine-year delay.

Assessment Order Lacking Proper Examination of Evidence Prejudicial to interest of Revenue

October 22, 2023 651 Views 0 comment Print

The ITAT Chennai rules that an assessment order passed without proper examination of evidence can be deemed erroneous and prejudicial to the interest of the Revenue.

CESTAT allows Refund of Excess Payment of Service Tax

October 22, 2023 177 Views 0 comment Print

In a case involving Competent Constructions vs. C.C.E & S.T., CESTAT Chandigarh allows the refund of excess service tax payment against adjustment towards other period liability.

Kerala HC Sets Aside CGST Assessment Order passed Without Hearing

October 22, 2023 2094 Views 0 comment Print

Kerala High Court quashes an assessment order under CGST due to a mismatch in GSTR-1 and GSTR-3B without affording the petitioner an opportunity of hearing.

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