Review and analysis of the CESTAT Delhi’s ruling in Steel Authority of India Ltd. Vs Principal Commissioner regarding tax on contractual penalties.
HC court pointed out the baselessness of revenue’s claim that petitioner was not owner, given that the e-way bills, which are legally recognized as documents of title to the goods, were accompanying the goods in transit.
Read the full text of the ITAT Kolkata order in the case of Parasnath Vinimay Pvt. Ltd. vs. CPC. The appeal discusses the income tax exemption on awards received for compulsory acquisition of agricultural land.
CESTAT allows Sterling Agro to redeem goods via a fine instead of confiscation, further reduces penalty. Review this detailed court order analysis.
Read the full text of the order by ITAT Delhi in Virender Rathee vs ITO case. The ITAT allows tax deduction on interest received from enhanced compensation against compulsory acquisition of agricultural land.
The Delhi High Court ruled in favor of Blackberry India, stating that services, except those under Rule 3(1) of Export of Services Rules, qualify as export of taxable services. The court also found Blackberry India not to be an intermediary based on the agreement with Blackberry Singapore.
CIT(A) resolved the appeal, considering the TDS credit issue, on 08/05/2019. Therefore, PCIT can’t invoke s.263 revision proceedings for the same issue, per Explanation-1(c) to section 263(1) of the Act.
CCI discontinues anti-profiteering proceedings against Prasu Infrabuild. The firm had no other projects, negating possible profiteering violations.
Explore the analysis of the case between DGAP and Vishwanath Builders on application of anti-profiteering provisions under CGST Act, 2017.
CCI directs DGAP to reinvestigate Ireo Waterfront project for potential anti-profiteering. Learn about the intricacies of the ongoing investigation.
