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Judiciary

Period from March 1, 2020, to February 28, 2022, Excluded for GST Refund Application

October 21, 2023 1173 Views 0 comment Print

In the Mahalaxmi Exports vs. Commissioner of Delhi GST case, Delhi High Court directs the processing of Input Tax Credit (ITC) refund within the stipulated time.

HC set-aside Form 3 issued under Direct Tax Vivad Se Vishwas Act in Rolls Royce case

October 21, 2023 294 Views 0 comment Print

Delhi High Court grants relief to Rolls Royce in a case against Form 3 issued under the DTVSV Act. Get the full judgment and implications of the decision here.

HC Imposes 1.5 Lakh Fine for Obtaining Interim Income Tax Order with Suppressed Facts

October 21, 2023 255 Views 0 comment Print

Calcutta High Court’s strong stance on suppressing material facts in Income Tax proceedings. Learn about the case of Amber Commodeal Pvt. Ltd. vs. ITO and its implications.

‘Agreement to Sell’ Date Property Value Assessed by Stamp Valuation Authority relevant for Section 50C

October 21, 2023 705 Views 0 comment Print

Discover the ITAT Raipur ruling on the assessment of property value under Section 50C of the Income Tax Act. Get insights into the case of DCIT vs. Nitin Gupta.

Section 148A(b) provides minimum seven (7) days for filing response

October 21, 2023 1635 Views 0 comment Print

Delhi High Court quashes Income Tax notice under Section 148A(d) for AY 2019-20, granting two weeks to file a comprehensive response. Learn more about the case.

No Penalty for Scrap Goods Cleared Without Further Manufacturing Process After Paying Duty Equivalent to CENVAT Credit Taken

October 21, 2023 114 Views 0 comment Print

CESTAT Chennai’s ruling in Balmer Lawrie & Co. vs. Commissioner of GST & Central Excise: Central excise duty on metal containers returned as scrap analyzed. No penalty levied.

Non-Inheriting Son cannot be a Legal Representative in Income Tax Proceedings

October 21, 2023 303 Views 0 comment Print

In Javed Karimkhan Patel vs. ITO, ITAT Pune rules that a son, who did not inherit estate of deceased assessee, cannot be a legal representative in income tax proceedings.

Rejection of declared value based on NIDB data on similar goods unsustainable

October 21, 2023 315 Views 0 comment Print

CESTAT Kolkata held that rejection of declared value based on NIDB data on similar goods unsustainable. Accordingly, differential duty demand and imposition of penalty thereon is unsustainable.

NRI’s Foreign Bank Interest Not Taxable in India: ITAT Delhi

October 21, 2023 639 Views 0 comment Print

In a case involving Anand Persad Jaiswal, ITAT Delhi ruled that interest income earned by a non-resident Indian (NRI) from a foreign bank is not taxable in India under section 5(2) of the Income Tax Act.

ITAT Denies Exemption u/s 10(38) for Sham Transaction with Paper Companies

October 21, 2023 2091 Views 0 comment Print

In the Archana Rajendra Malu vs. ITO case, ITAT Pune upheld the denial of tax exemption under Section 10(38) of the Income Tax Act due to sham transactions with paper companies.

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