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Judiciary

ITAT upheld Section 147 reopening as AO had tangible material in his possession

September 30, 2023 372 Views 0 comment Print

In the case of Lakshman Tools Pvt. Ltd. Vs. ITO (ITAT Delhi), learn about the validity of Section 147 application, non-genuine purchases, and commission payments.

Service Tax: No Section 78 Penalty without Misrepresentation or Suppression of Facts

September 30, 2023 1227 Views 0 comment Print

In Scaria Thomas & Co vs. Commissioner of Central Excise & ST (CESTAT Ahmedabad) case, learn about the absence of penalty under Section 78 in service tax due to no misrepresentation.

ITAT Grants Section 12AA Registration for Trust’s COVID-19 Relief Activities

September 30, 2023 216 Views 0 comment Print

In a recent case, ITAT Pune grants 12AA registration to Kanojiya Pardeshi Dhobi Trust, allowing its charitable activities during COVID-19. Full order analysis.

No Section 271B Penalty without Assessee’s Reasonable Opportunity to be Heard

September 30, 2023 702 Views 0 comment Print

In a landmark decision, ITAT Mumbai rules in favor of Evermore Polymer Systems Ltd., stating that penalties under Section 271B require a reasonable opportunity to be heard.

Bonus Share Issuance Not Subject to Section 56(2)(vii)(c): ITAT

September 30, 2023 324 Views 0 comment Print

ITAT Delhi rules on the taxability of bonus shares in the case of DCIT vs. Smt Aruna Chandhok. Detailed analysis of the decision and its implications.

Cenvat Credit Can Be Used for Excise Duty on Finished Goods or Indigenous Inputs

September 30, 2023 189 Views 0 comment Print

CESTAT Ahmedabad rules on the utilization of Cenvat credit for payment of excise duty by 100% EOU units during debonding. Detailed analysis and implications.

ITAT Orders Reassessment Due to Ex-Parte Assessment Ignoring Rule 46A Evidence

September 30, 2023 1017 Views 0 comment Print

ITAT Ahmedabad directs readjudication of ex-parte assessment orders passed without considering additional evidence filed under Rule 46A of Income Tax Rules.

Madras HC Directs SBI to Seek IBC Relief at NCLT in Attachment Order Case

September 30, 2023 369 Views 0 comment Print

Madras High Court instructs State Bank of India (SBI) to seek Insolvency and Bankruptcy relief before NCLT due to attachment order involving corporate insolvency.

HC upheld Tribunal’s decision to impose a deposit requirement as part of stay conditions

September 30, 2023 300 Views 0 comment Print

Kerala High Court decision on disputed tax payment under KVAT Act, condoning a 467-day delay. Analysis of the judgment and its implications.

WDV of assets cannot be adjusted by amount of compensation for defective product

September 29, 2023 312 Views 0 comment Print

ITAT Mumbai held that amount of compensation for defective product being capital in nature cannot be adjusted from WDV of the assets.

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