Tags : startup, fund of funds, tax incentives, portal
CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax Rules, 1962(21.05.2019)
Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability of Sections 11 and 12 of the Act. One such condition under.....
Tags : Notification, Amendment, Form No 10B, Income-tax Rules
Taxability of the service of access to a road or bridge in the period 8-11-2016 to 1-12-2016(21.05.2019)
I am directed to draw your attention to a representation from the Construction Federation of India wherein they have stated that due to the demonetisa.....
Tags : Taxability, Service, Access to a road or bridge
CBDT issues clarification on eligibility of small Start-ups to avail tax holiday(22.08.2019)
The Central Board of Direct Taxes (CBDT) has clarified that, small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax hol.....
Tags : Tax Holiday, Eligibility, Small Start-ups, Clarification
CBDT further extends date for filing Income Tax Returns and Audit Reports(08.10.2018)
The due date for filing of Income Tax Returns and Audit Reports for Assessment Year 2018-2019 is 30th September, 2018 for certain categories of taxpay.....
Tags : Income Tax Returns, Date, Extension
CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN(15.08.2019)
With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and .....
Tags : Transparency, Tax Administration, Steps
Tax deadlines extended in Tamil Nadu(07.12.2015)
Due to widespread flooding in Chennai and Tamil Nadu, the Central Board of Direct Taxes extended the date for deposit of tax deducted at source and ta.....
Tags : Excise, service tax, extension, tamil nadu
Amendment in notification No. 21/2019-Central Tax, dated the 23rd April, 2019(24.10.2019)
In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recomm.....
Tags : Amendment, Notification, Self-assessed tax, Details
Cabinet approves protocol amending the Convention between India and Brazil for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income(06.11.2019)
The Union Cabinet Chaired by the Prime Minister Shri Narendra Modi approved the signing of the Protocol amending the Convention between the Government.....
Tags : Protocol, Approval, Double taxation
Cabinet approves protocol amending the Agreement between India and Sri Lanka for avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income(12.02.2020)
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the Signing and Ratification of the Protocol amending the Agreement .....
Tags : Agreement, Amendment, Double taxation
Business entities’ engaging senior advocates to pay service tax(06.06.2016)
After appearing to relent on charging service tax when soliciting the services of a senior advocate, the Ministry of Finance confirmed imposition of t.....
Tags : service tax, senior advocate, representational services, business entity
Clarification in respect of option under Section 115BAC of the Income-tax Act, 1961(13.04.2020)
1. Section 115BAC of the Income-tax Act, 1961 (the Act), inserted by the Finance Act, 2020 wef the assessment year 2021-22, inter alia, provides that .....
Tags : Clarification, Filing return, Tax deduction
Additional or Joint Commissioners of IT to performs functions of Assessing Officers under Black Money Tax Act, 2015(24.08.2015)
The Central Board of Direct Taxes notified that Additional or Joint Commissioners of Income-tax will exercise the powers and perform the functions of .....
Tags : Black money, tax, assessing officer
Report on Applicability of Minimum Alternate Tax on FIIs / FPIs for the period prior to 01.04.2015(27.08.2015)
The Ministry of Finance released its Report on 'Applicability of
Minimum Alternate Tax on FIIs / FPIs for the period prior to 01.04.2015'. The Commit.....
Tags : Minimum alternate tax, report, 2015, foreign institutional investors
Compulsory manual selection of cases for scrutiny during the Financial Year 2015-2016(31.08.2015)
The Central Board of Direct Taxes lay down procedure and criteria for manual selection of returns and cases for scrutiny during the financial-year 201.....
Tags : Tax, scrutiny, cases, manual selection
Amendment to Taxation and Other Laws(29.07.2020)
1. In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 20.....
Tags : Taxation, Other Laws, Amendments
Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020(28.10.2020)
1. With the objective to reduce pending income tax litigation, generate timely revenue for the Government and benefit taxpayers by providing them peac.....
Tags : Clarifications, Direct Tax, Act, 2020
Green tax to be imposed on older vehicles soon, to clean up the environment by phasing out unfit and polluting vehicles(25.01.2021)
The Union Minister for Road Transport and Highways Sh. Nitin Gadkari has approved a proposal to levy a "Green Tax" on old vehicles which are polluting.....
Tags : Green tax, Imposition, Older vehicles
Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic(02.05.2021)
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbr.....
Tags : Relief measures, Taxpayers, GST law
Union Finance Minister said Goods and Services Tax is an efficient tax system which not only checks tax evasion but also helps evolving India to become very strong society(29.05.2017)
Inaugurating the National Academy of Customs, Indirect Taxes and Narcotics (NACIN) Campus in the Bengaluru today, the Union Finance Minister Shri Arun.....
Tags : GST, Efficient, Tax evasion, Checks
Procedure for exercise of option under sub-section (1) of Section 245M and intimation thereof by furnishing and upload of Form No. 34BB under sub-Rule (1) of Rule 44DA of Income-Tax Rules, 1962(24.05.2021)
In exercise of the powers conferred by the Department of Revenue, Ministry of Finance, under sub-rule (3) and sub-rule (4) of Rule 44DA of the Income-.....
Tags : Form, Income Tax
Income Tax Amendment (19th Amendment), Rules, 2021(07.07.2021)
In exercise of the powers conferred by proviso to section 50 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Dire.....
Tags : Income Tax, Amendment, Rules
Clarification regarding binding nature of circular and instructions(21.09.2015)
In light of various decisions by the Supreme Court, the Ministry of Finance issued clarifications on whether service tax, customs and excise field off.....
Tags : Tax, circular, override, judgment, supreme court
MAT no longer applicable to foreign companies(24.09.2015)
Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB of the Income Tax Act, 1961 will not be applicable t.....
Tags : Mat, 115jb, income tax, foreign company
CBDT grants further relaxation in electronic filing of Income Tax forms 15CA/15CB(20.07.2021)
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along wit.....
Tags : Relaxation, Electronic filing, Income Tax forms
Income Tax Department conducts search on a prominent business group in Delhi(23.10.2019)
Income Tax Department conducted search operation on a group based in Delhi in connection with tax evasion and money laundering. The group is engaged i.....
Tags : Business group, Tax evasion, Search
Income-Tax (29th Amendment) Rules, 2021(13.09.2021)
In exercise of the powers conferred by second proviso to clause (i) sub-section (1) of section 142 read with section 295 of the Income-tax Act, 1961 (.....
Tags : Income-tax, Prescribed
CBDT amends Income-tax Rules, 1962(17.08.2015)
The Central Board of Direct Taxes made amendments to the Income-tax Rules, 1962, inserting Rule 126: 'Computation of period of stay in India in certai.....
Tags : Income tax, rule, sea voyage
Clarifications on Finance Act, 1994 and Central Excise Act, 1944(18.08.2015)
The Central government issued clarifications with regard to detections made during audit, investigation or scrutiny. The clarifications relate to the.....
Tags : Show cause notice, service tax
Amendment in Notification No. 34/2018-Central Tax, dated the 10th August, 2018(21.08.2018)
In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of t.....
Tags : Notification, Amendment, Central Tax
Guidelines under clause (10D) section 10 of the Income-Tax Act, 1961(19.01.2022)
1. Clause (10D) of section 10 of the Income-tax Act, 1961 (the Act) provides for income-tax exemption on the sum received under a life insurance polic.....
Tags : Guidelines, Clause, Income-Tax Act
Securities Transaction Tax (1st Amendment), Rules, 2022(18.01.2022)
In exercise of the powers conferred section 114 of the Finance (No. 2) Act, 2004, (23 of 2004), the Central Government hereby makes the following rule.....
Tags : Rules, Amendment, Securities Transaction Tax
Due date for depositing the tax in FORM GST PMT-06 for the month of April, 2022 extended till the 27th day of May, 2022.(17.05.2022)
In exercise of the powers conferred by the first proviso to sub-rule (3) of rule 61 of the Central Goods and Services Tax Rules, 2017, the Commissione.....
Tags : Due date,Tax, Extension
Deposit of tax during the course of search, inspection or investigation(25.05.2022)
1. During the course of search, inspection or investigation, sometimes the taxpayers opt for deposit of their partial or full GST liability arising ou.....
Tags : Deposit, Tax, Investigation
3.59 crore Income Tax Returns filed on the new e-filing portal of the Income Tax Department(16.12.2021)
Senior officials of Ministry of Finance headed by Secretary, Revenue had a meeting with the Infosys team headed by Shri Salil Parekh, MD & CEO, Infosy.....
Tags : Income Tax Returns, E-filing, Portal
Agency Commission for collection of indirect taxes through ICEGATE payment gateway(14.06.2023)
1. This is with reference to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated Apr.....
Tags : Collection, Taxes, ICEGATE
Clarification regarding taxability of income earned by NRI investor from off-shore investments in investment fund routed through an Alternative Investment Fund(12.07.2023)
1. CBDT Circular No.14/2019 dated 03.07.2019 was issued to clarify the taxability of income earned by a non-resident investor from outside India (off-.....
Tags : Clarification, Taxability, Non-resident investor
Amendment in the notification of Ministry of Finance (Department of Revenue), No. 83/2020 - Central Tax, dated the 10th November, 2020(13.12.2022)
In exercise of the powers conferred by the proviso to sub-section (1) of section 37 read with section 168 of the Central Goods and Services Tax Act, 2.....
Tags : Amendment, Notification, Central Tax
Deduction of tax under Section 194-I of Income-tax Act on payment in the nature of lease rent or supplemental lease rent made to a person being a Unit of IFSC – Reg.(01.08.2023)
In exercise of the powers conferred by sub-section (1F) of section 197A read with clause (c) of sub-section (2) of section 80LA, of the Income-tax Act.....
Tags : Deduction, Tax, Lease rent
Amendment in Notification No. 48/2017-Central Tax dated the 18th October, 2017(15.01.2019)
In exercise of the powers conferred by section 147 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recomm.....
Tags : Notification, Amendment, Input tax credit
CBDT releases key Direct Tax Statistics through Time-Series data(23.01.2024)
The Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in public domain from.....
Tags : Direct Tax, Statistics, Release
Budget 2024-25 Introduces Enhanced Deductions and Revised Tax Slabs(23.07.2024)
What is Income Tax?
Income tax is a government levy on the income earned by individuals and businesses during a financial year. "Income" enc.....
Tags : Income Tax Return, Commercial Properties, Securities Transaction Tax
'Angel Tax' Abolished for all Classes of Investors(23.07.2024)
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed to abolish 'angel tax' for all classes of investors, while pres.....
Tags : Union Budget, Angel Tax, Investors
Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran(14.03.2018)
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an Agreement for the Avoidance of Double Taxation and the Prevention of F.....
Tags : Agreement, Approval, Double Taxation
Central Government exempts specified goods from the whole of goods and service tax compensation cess leviable under Customs Tariff Act(12.07.2024)
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with sub-section (12) of section 3, of.....
Tags : Special Economic Zone, Goods and Services Tax, Customs Tariff Act
Leviability of Service Tax on declared service "Agreeing to obligation to refrain from an act, or to tolerate an act or situation, or to do an act" under Section 66E(e) of Finance Act, 1994(28.02.2023)
1. An issue has arisen on the levy of service tax on liquidated damages arising out of breach of contract, forfeiture of salary or payment of bond amo.....
Tags : Leviability, Service Tax, Declared service
Extension of date of direct tax payment in respect of third instalment of advance tax for FY 2019-2020(16.12.2019)
Considering the large-scale disruption of Internet Services in the North Eastern States-Assam, Tripura, Arunachal Pradesh, Meghalaya, Nagaland, Manipu.....
Tags : Extension, Date, Direct Tax payment
Guidelines under sub-section (4) of section 194-O, sub-section (3) of section 194Q and sub-section (1-I) of section 206C of the Income Tax Act, 1961(25.11.2021)
1. Finance Act, 2020 inserted a new section 194-O in the Income-tax Act 1961 (hereinafter referred to as "the Act") which mandates that with effect fr.....
Tags : Guidelines, Provisions, Income Tax
CCI to examine - Whether ITC availed or reduction in tax rate actually resulted in commensurate reduction in price of goods or services or both(23.11.2022)
1.In exercise of the powers conferred by sub-section (2) of section 171 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Gove.....
Tags : Powers, Competition Commission, Input tax credits
Government extends the specified time limit for issuance of order for recovery of tax not paid or short paid or of input tax credit wrongly availed or utilized(28.12.2023)
In exercise of the powers conferred by section 168A of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said .....
Tags : Time limit, Extension, recovery of tax
DGGI busts racket for tax evasion worth more than Rs. 72 crore of clandestine clearance of cigarettes(22.07.2020)
Acting on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has unveiled a racket of clan.....
Tags : Tax evasion, clandestine clearance, Cigarettes
Income-tax (Twelfth Amendment) Rules, 2022(05.05.2022)
In exercise of the powers conferred by the section 245Q read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Ta.....
Tags : Income-tax, Twelfth Amendment, Rules, 2022
Appointment date for the purpose of some provisos and sub-sections of Income-Tax Act, 1961(01.09.2021)
In exercise of the powers conferred by the second proviso to sub-section (1) of section 245-O, sub-section (2) of section 245P, sub-section (4) of sec.....
Tags : Appointment date, Release, Income-Tax
India and Austria Sign a Protocol amending the India-Austria Double Taxation Avoidance Convention(06.02.2017)
India and Austria signed a Protocol amending the existing Convention between the two countries for Avoidance of Double Taxation and the Prevention of .....
Tags : Protocol, Signing, Double Taxation, Avoidance
Clarification relating to export of services-condition (v) of section 2(6) of the IGST Act 2017(20.09.2021)
1. Various representations have been received citing ambiguity caused in interpretation of the Explanation 1 under section 8 of the IGST Act 2017 in r.....
Tags : Goods and Services Tax, Clarifications
Clarification on doubts related to scope of "Intermediary"(20.09.2021)
1. Representations have been received citing ambiguity caused in interpretation of the scope of "Intermediary services" in the GST Law. The matter has.....
Tags : Goods and Services Tax, Clarifications
Scheme for Remission of Duties and Taxes on Exported Products(30.09.2021)
1. Your attention is drawn to RoDTEP Scheme Notification No. 76/2021-Customs (N.T.) dated 23.09.2021 issued under section 51B of the Customs Act, pres.....
Tags : Scheme, Remission, Taxes
Increase in limit for tax exemption on leave encashment for non-government salaried employees notified(25.05.2023)
The tax exemption on leave encashment of non-government salaried employees (in respect of the period of earned leave at his credit at the time of his .....
Tags : Increased limit, Tax, Exemption
Order under Section 119 of The Income-Tax Act, 1961(13.12.2017)
Due to certain technical issues faced by NSDL's gateway for e-payment of tax on 7th November, 2017, some taxpayers/ deductors were unable to make e-pa.....
Tags : Tax deposit, Due date, Extension
Government invites comments of Stakeholders and General Public on Proposed Amendments to Income-Tax Rules, 1962 by 4th September, 2018(20.08.2018)
Income-tax Rules, 1962 (I.T. Rules) prescribe Form No. 13 for filing an application for seeking a certificate under Section 197 and/or under Section 2.....
Tags : Comments, Income-Tax Rules, Amendment
Top Story
Claiming time of essence in property sale? Prove it!(16.02.2016)
Bangalore High Court set a high threshold for claims that time was of the essence in a contract for sale of immovable property. Onus, however, was pla.....
Tags : reasonable, time of essence, immovable property, sale, income tax clearance
Income - Tax (Seventh Amendment) Rules, 2017(05.04.2017)
In exercise of the powers conferred by section 139A and section 285BA, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Boa.....
Tags : Rules, Amendment, Income-tax
Central Government notifies 'SEEPZ Special Economic Zone Authority' as an Authority constituted under the Special Economic Zone Act, 2005(20.04.2022)
In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for .....
Tags : Special Economic Zone, Income Tax Act
Lok Sabha Passes the Taxation Laws (Second Amendment) Bill, 2016(28.11.2016)
After the demonetization drive of discontinuing old 500 and 1000 rupees note, the central government has introduced the Taxation Laws (Second Amendm.....
Tags : Bill, Taxation laws, Amendment
FAQs issued by CBDT on the new capital gains tax regime proposed in the Union Budget 2024-25(24.07.2024)
Q1. What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024?
Ans. The taxation of capita.....
Tags : Capital Gains, FAQs, Tax Regime
Tax Policy Research Unit and Tax Policy Council set up(02.02.2016)
The Ministry of Finance has created a Tax Policy Research Unit and Tax Policy Council on the basis of recommendations made by the Tax Administration R.....
Tags : Tax reform, coherent policy, research, analysis
Tax Policy Research Unit and Tax Policy Council set up(02.02.2016)
The Ministry of Finance has created a Tax Policy Research Unit and Tax Policy Council on the basis of recommendations made by the Tax Administration R.....
Tags : Tax reform, coherent policy, research, analysis
Third Protocol Amending India-Singapore DTAA notified(23.03.2017)
The Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016, has come into force on.....
Tags : Double Taxation, Protocol, Amendment
Central Government’s Last Budget Showers Benefits To Tax Payers Aiming Upcoming Elections(01.02.2019)
The Finance Minister Shri Piyush Goyal presented an interim budget in Parliament on Friday and announced numbers of benefits to the people. Aimed at u.....
Tags : Budget, Benefit, Tax-payers
Government brings Taxation Laws (Amendment) Ordinance, 2019 slashing corporate tax rates to boost investment(20.09.2019)
In order to make certain amendments in the Income-tax Act, 1961 and the Finance Act, 2019, the Government has brought in the Taxation Laws (Amendment).....
Tags : Ordinance, Corporate tax, Reduction
Guidelines under Clause (10D) of Section 10 of the Income-tax Act, 1961(16.08.2023)
1. Clause (10D) of section 10 of the Income-tax Act, 1961 (the Act) provides for income-tax exemption on any sum received under a life insurance polic.....
Tags : Income Tax Act, 1961, Guidelines
Clarification on approval and claim of exemption by universities and educational institutions(17.08.2015)
The Central Board of Direct Taxation notified clarifications to Section 10(23C)(vi) of the Income Tax Act, 1961, which prescribes conditions for tax e.....
Tags : Tax, exemption, universities
New updated Version of Income Tax Return Statistics for Assessment Year 2012-13 released(19.08.2016)
Central Board of Direct Taxes (CBDT) had proactively released data relating to direct tax collections, PAN allocation and distribution of income in th.....
Tags : Statistics, Income Tax Return, updated Version
Clarification in respect of transfer of input tax credit in case of death of sole proprietor(28.03.2019)
Doubts have been raised whether sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as 'CGST Act') .....
Tags : Transfer, Input tax credit, Clarification
Parliament Passes Taxation (Amendment) Bill, 2019 Replacing the Ordinance Promulgated by President in September, 2019(05.12.2019)
Rajya Sabha has cleared the Taxation Laws (Amendment) Bill, 2019, replacing an Ordinance that was used to slash corporate tax rates to stimulate growt.....
Tags : Bill, Clearance, Corporate tax rate, Slashing of
Cabinet approves protocol amending convention between India and Brazil for avoidance of double taxation(06.11.2019)
The Union Cabinet Chaired by the Prime Minister approved the signing of the Protocol amending the Convention between India and Brazil for the avoidanc.....
Tags : Convention, Approval, Double Taxation
Prime Minister launches platform for "Transparent Taxation”(13.08.2020)
In order to reform tax system, Prime Minister launches platform for ‘Transparent Taxation - Honoring the Honest’. The Prime Minister said that, the pl.....
Tags : Taxation system, Transparency, Reforms
Income Tax Department validates Unique Document Identification Number generated from ICAI portal for Tax Audit Reports(26.11.2020)
In continuation with the ongoing initiatives of the Income Tax Department for integrating with other Government agencies, Income-tax e-filing portal h.....
Tags : Validation, UDIN, Tax Audit
Central Government announces income tax relief for real-estate developers and home buyers(13.11.2020)
Finance Minister announces certain income tax relief measures for real-estate developers and home buyers. This being a much needed step would infuse p.....
Tags : Tax relief, Announcement, home buyers
Interest on delayed GST payment will now be calculated on net tax liability(15.02.2020)
The Central Board of Indirect Taxes and Customs (CBIC) released a statement clarifying that, interest payable on delayed payment of GST will be calcul.....
Tags : Tax liability, Interest, Delayed payment
CBDT extends due dates for filing of Income Tax Returns(11.01.2022)
CBDT extends due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961 (I.....
Tags : Extension, Timelines, Income-tax returns
Finance Minister presented Union Budget, 2022 in the Lok Sabha(01.02.2022)
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament. The Union Budget while co.....
Tags : Budget, Proposal, Taxpayers
Amendment in Rule 114H of Income-tax Rules, 1962(22.06.2016)
Rule 114H of the Income Tax Rules 1962 has been amended to provide sufficient time to reporting financial institutions for completing due diligence in.....
Tags : Income tax rules, reportable accounts, deadline
Payment of Service Tax by Department of Posts and Ministry of Railways by way of book adjustment(21.03.2023)
1.Board had earlier noted that the practice of payment of Service tax by way of book adjustment adopted by the Department of Posts and the Ministry of.....
Tags : Payment, Service Tax, Book adjustment
HSN Code mandatory from 1st April for GST taxpayer with turnover of more than Rs 5 Crore(31.03.2021)
CBIC (Central Board of Indirect Taxes and Customs) with effect from 1st April has made mandatory for a GST taxpayer, with a turnover of more than Rs 5.....
Tags : HSN Code, Mandatory, GST taxpayer
Union Minister of Finance and Corporate Affairs presented the Union Budget 2023-24 providing major relief in the personal income tax(01.02.2023)
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. The Union Minister for F.....
Tags : Budget, Relief, Income Tax
CBDT notifies changes to Rule 11UA of Income Tax Rules, 1962(26.09.2023)
Central Board of Direct Taxes notifies changes to Rule 11UA of Income Tax Rules, 1962 in respect of Angel Tax. Rule 11UA for valuation of shares for t.....
Tags : Rules, Amendment, Angel tax
Government raises monetary limit for filling appeals relating to tax cases(11.07.2018)
In order to reduce litigation in both direct and indirect tax matters, the Central Government raises monetary limit for filling appeals by the Departm.....
Tags : Tax matters, Filing, Limits
CBDT launches e-portal for filing complaints regarding tax evasion(12.01.2021)
The Central Board of Direct Taxes has launched an automated dedicated e-portal on the e-filing website of the Department to receive and process compla.....
Tags : Tax evasion, E-portal, Launch
Judgments
Difference between sales tax charged and NPV paid not includible as transaction value(06.10.2015)
Distinguishing three judgments of the Supreme Court that the difference between amounts collected by Assessee from its customers as sales tax and the .....
Tags : excise, sales tax, net present value, transaction value
Expenditure on solicitor’s eye operation not business expense(28.10.2015)
The Bombay High Court upheld an order of the ITAT excluding expenditure by the Assessee on eye treatments to improve vision. The Tribunal had determin.....
Tags : Personal expense, business, tax, deduction
Contradictory ‘dominance’ reports for the same market bewilder CCI(09.02.2016)
The Competition Commission of India dismissed a complaint by Mega Cab, a popular app-cab operator, for investigation into the creation of barriers to .....
Tags : Radio taxi, relevant market, financial backing, exlclusivity
No machinery in Finance Act, 1994 to levy and assess service tax on indivisible composite works contracts(20.08.2015)
A composite works contract should be bifurcated and ascertained before being taxed, but the same is not provided for in the Finance Act, 1994. The Cou.....
Tags : Service tax, composite contract, gross amount
Court to not entertain petition under Article 226 if bona fides of Petitioner in doubt(11.08.2015)
In a case where the Bhishma Pithamaha challenged tax notices issued against another person, the Court held that the petition under Article 226 of the .....
Tags : Tax, article 226, notice
Municipal taxes would be a part of the "rent" payable by tenant to landlord(09.08.2018)
Present appeal by special leave by the landlord is against the order passed by the Calcutta High Court. Proceeding were under the West Bengal Premises.....
Tags : Municipal taxes, Payment, Obligation
Value of both supply and service is to be added for payment of service tax under composition scheme(18.09.2018)
The facts of the matter are that, the Respondent/Assessee is registered with the department for various services such as erection, commissioning and i.....
Tags : Valuation, Tax, Evasion
Zee Turner saved from service tax liability(01.04.2016)
The Customs Excise and Service Tax Appellate Tribunal saved Zee Turner from service tax levies after accepting submissions that it was merely acting a.....
Tags : Service tax, foreign broadcaster, indian agent
A thing is a part of the other, if other cannot function without it(26.03.2019)
In facts of present case, the Respondent is engaged in the business of trading of spare parts of mining machinery, steel wire ropes, standard wires, w.....
Tags : Goods, Classification, Rate of tax, Levy
Remittance made by the assessee abroad towards commission expenses is not chargeable to tax in India(11.01.2021)
In instant case, the Assessing Officer (AO) disallowed claim towards commission expenses on export sales to the extent of Rs. 78,90,570 in the course .....
Tags : Assessment, Tax, Levy
Assessing Officer cannot reopen assessment on erroneous assumptions(15.09.2015)
To reopen a concluded income tax assessment for escaped income, a reason to suspect cannot be a reason to believe, which must be rational and bear a d.....
Tags : Tax, assessment, escaped income, belief
Profits of the foreign enterprise are taxable only where the said enterprise carries on its core business through a permanent establishment(22.07.2020)
Present appeal by the Department revisits the question as to the taxability of income attributable to a “permanent establishment” set up in a fixed pl.....
Tags : Project Office, Taxability, Income
In order to bring ‘Business profits’ of a resident of the other country to tax in India within the ambit of Article 7 of DTAA, foreign enterprise must have a Permanent Establishment (PE) in India(15.06.2021)
The assessee is a company registered in, and a tax resident of the United States of America. No return of income was filed for the year under consider.....
Tags : Assessment, Tax, Levy
Supreme Court values excess land owned by Wadiyar royalty(21.09.2015)
In a question on valuation of property for the purposes of wealth tax, the Supreme Court held that property, the overall area of which exceeded that a.....
Tags : Ceiling, valuation, land, wealth tax
Payment made by hospital to consultant doctors requires deduction of tax at source under Section 194J of IT Act(12.07.2021)
The revenue is aggrieved by findings of Learned Commissioner of Income Tax (Appeal) [CIT(A)] that, the payment made by assessee hospital to certain co.....
Tags : Tax deduction, Applicability, Provision
For levy of service tax, a specific amount has to be agreed between service recipient and service provider(27.11.2018)
The Appellant 'Premium Real Estate Developers', New Delhi is a partnership firm and is in the business of real estate trade. The issue involved in thi.....
Tags : Transaction, Tax, Levy
Certificate from Collector has to be placed by the assessee to determine that particular land comes under the urban land or agricultural land(27.07.2022)
The assessee is an individual derives income by way of rent, interest and agriculture etc. The assessee filed return of net wealth for A.Y. 2010-11 de.....
Tags : Wealth tax, Addition, Legality
Service can be taxable in the hands of the recipient in India only when the part of it is performed in India(26.09.2022)
The issue involved in the present case is that whether the Appellant is liable to pay service tax in respect of exhibition service provided by foreign.....
Tags : Tax, Levy, Legality
Karnataka’s lifetime tax law on motor vehicles struck down(10.03.2016)
Calling Karnataka Legislature’s manner of requiring registration of a vehicle kept in another State for more than 12 months “clumsy and ham handed”, K.....
Tags : Motor vehicle, lifetime tax, registration
Benefit extended under Customs Act waiving customs duty cannot be taken as waiver of sales tax under state and central laws(21.01.2020)
The admitted factual position in the present cases is that, after importing foreign made cigarettes, the Appellants stored the same in the customs bon.....
Tags : Sales tax, Levy, Legality
Leave Travel Concession has to be availed by an employee within certain limitations, prescribed by the law; LTC is not for a foreign travel(04.11.2022)
The Appellant (State Bank of India) has challenged the judgement passed by a Division Bench of the High Court which has dismissed the appeal filed by .....
Tags : Payment, LTC, Tax deduction
CIT(A) cannot change the provision of law qua the item of which assessment was made(21.12.2022)
The assessee filed her return of income for the assessment year 2011-12 returning total income of ₹.2,35,280. During the course of remand proceedings .....
Tags : Income Tax Appellate Tribunal, Chennai
Liability to deduct tax under Section 195 of IT Act arises only when the "sum" being paid is chargeable to tax under the IT Act(20.07.2022)
The Assessee had entered into an agreement with GSI Engine B.V., {a tax resident of Netherland, having its head office at Netherland} qua an aircraft .....
Tags : Tax, Provision, Applicability
Amount of surcharge under Section 5A of OST Act to be levied before deducting amount of entry tax paid by a dealer(28.10.2016)
Respondents are engaged in sale and purchase of Motor Vehicles and are registered dealers under Orissa Sales Tax Act, 1947 ('OST Act') as well as unde.....
Tags : Surcharge, Entry tax, Levy
Same activity can be taxed as ‘goods’ and ‘services’ provided contract is indivisible(10.04.2023)
The Revenue has preferred the present appeals feeling aggrieved with the impugned judgment and order passed by the CESTAT, by which the CESTAT has hel.....
Tags : Design services, Levy, Tax
Reasons for the formation of the belief must have rational connection with or relevant bearing on the formation of the belief(18.01.2023)
The assessee is a resident individual engaged in Multi-Level-Marketing on agency basis, had filed return of income ["ITR"] for AY 2011-12 declaring to.....
Tags : Assessment, Tax, Levy
Commissioner cannot usurp Department’s plausible view(11.05.2016)
View taken by Assessing Officer, so long as it is a possible view, cannot be interfered by Commissioner under Section 263 of Income Tax Act 1961.
<.....
Tags : Income tax, expenses, further information
SVLDR Scheme is required to be interpreted liberally to further its object(22.05.2023)
The Petitioner has filed the present petition under Article 226 of the Constitution of India, 1950 impugning the decision of the concerned authority t.....
Tags : Tax dues, SVLDR Scheme, Applicability
Common maintenance charges cannot be termed as the income of the assessee(28.09.2023)
The only dispute raised by the assessee is against the taxation of maintenance charges in its hands as income from house property. The Assessing Offic.....
Tags : Maintenance charges, tax, Levy
Enemy properties vested in the Custodian are not Union properties; Assessee is liable to pay property tax on it(22.02.2024)
Present Civil Appeal has been filed by the Lucknow Nagar Nigam ('Municipal Corporation') impugning the judgment of the High Court that has allowed the.....
Tags : Tax, Exemption, Eligibility
Demand of Service Tax on ocean freight cannot sustain(25.03.2024)
The Appellant is engaged in providing Custom House Agent Services, Steamer Agent Services and Business Support Services. The Appellant collected exces.....
Tags : SCN, Tax, Levy
Assessing Officer can impose penalty for default in making payment of tax, but same shall not exceed amount of tax in arrears(01.07.2017)
In the present case, Income Tax Return of Respondent-Assessee was processed under Section 143(1) of Income Tax Act, 1961, demand was raised and penalt.....
Tags : Arrears, Tax, Interest, Inclusion
Income received by way of interest on compensation or on enhanced compensation shall be chargeable to tax(08.04.2024)
The present appeal involves an examination of the taxability of the interest component, earned on compensation or enhanced compensation, ordered under.....
Tags : Tax, Levy, Interest
When object of subsidy schemes of State Governments is to encourage development of Multiple Theatre Complexes, incentives are held to be capital in nature(16.06.2023)
The instant appeal filed by the Revenue is directed against the order passed by the Ld. Commissioner of Income Tax (Appeals) treating entertainment ta.....
Tags : Entertainment tax, Exemption, Legality
Definition of purchase price under Gujarat Value Added Tax Act, 2003 would not include value added tax(02.08.2024)
In present matter, the Respondent dealer calculated the taxable turnover of its purchases within the State of Gujarat by excluding the amount represen.....
Tags : Taxable turnover, Liability, Assessment
Larger bench to resolve dilemma over sales tax on club F&B(04.06.2016)
A Division Bench of Justices Dipak Misra and Shiva Kirti Singh referred to a larger Bench of the Supreme Court to decide if food and beverage sold by .....
Tags : sales tax, club, permanent members, f&b
CCI dismisses Meru’s ‘dominant position’ complaint against Uber(22.12.2015)
The Competition Commission of India rejected Meru Travel Solutions’ (owner of Meru Cabs) complaint against Uber for holding a dominant position in the.....
Tags : Radio taxi, dominant position, Kolkata, meru, uber
A tax on sale or purchase of goods includes a tax for transfer of right to use goods(04.12.2019)
The question involved in the appeal is whether it is open to the State of Karnataka to levy Sales Tax in view of the Time Charter Agreement dated 8th .....
Tags : Agreement, Transaction, Tax, Levy
Minimisation of tax liability, as long as it is through legitimate tax planning and without using colourable devices, is not at all illegal(20.09.2021)
The assessee is a non-resident Indian. During the relevant previous year, the assessee sold a property, of which he was 50% co-owner on an earning of .....
Tags : Legitimate tax planning
Levy of VAT on the sale price of transaction yet to take place not sustainable in law(04.08.2015)
The Delhi High Court struck down Explanation 2 to Section 2 (1) (zd) of the Delhi Value Added Tax (Fourth Amendment) Act, 2012 as being ultra vires t.....
Tags : value added tax, delhi, sale, ultra vires
Supply of tangible goods will fall under the taxable services only when right to possession and effective control is not transferred(02.05.2019)
In facts of present case, during the course of audit it was noticed that, Appellant has recovered rent charges towards rents of gas cylinders obtained.....
Tags : Tax, Levy, Validity
UAE Exchange Centre’s liaison office in India would not constitute a ‘Permanent Establishment’, thus not liable to pay tax as per provisions of IT Act and DTAAs signed between two nations(24.04.2020)
The Respondent is a limited company incorporated in the United Arab Emirates (UAE). It is engaged in offering, among others, remittance services for t.....
Tags : Liaison office, Tax, Liability
Machinery provision which enables the Assessee to avail concession or benefit conferred by substantive provision in the Act need to be construed liberally(05.09.2017)
In facts of present case, The Appellant is the owner of the premises. It consists of two-storey building and some land appurtenant thereto ("the premi.....
Tags : Valuation, Premises, Tax, Payment
Expenses incurred in preventing misuse of industrial alcohol will suffice for quid pro quo(12.08.2015)
Fee and excise duty collected from an industry to prevent illegal activities which have no causal connection with that industry will 'metamorphose int.....
Tags : fee, tax, causal relationship, quid pro quo
Fee collected by State from industry must bear reasonable nexus to curbing illegal activity in the same industry(12.08.2015)
Fee and excise duty collected from an industry to prevent illegal activities which have no causal connection with that industry will 'metamorphose int.....
Tags : fee, tax, causal relationship, quid pro quo
Demand For Additional Tax Can Be Made Only If Assessee Intended To Evade Tax(19.03.2020)
Present appeal has been filed by the Assessee challenging the Division Bench judgment of the High Court by which Civil Special Appeal filed by the Rev.....
Tags : Demand, Additional tax, Legality
News
Companies Now to Pay Service Tax on Services Availed from Govt. from Next Fiscal Year(09.03.2016)
Govt. has notified provision making Indian companies to pay service tax on any service they avail from Government or local authority from the next fis.....
Tags : Govt., Indian companies , service tax
CBDT Provides Investors Tax Relief on Investment Gains(10.03.2016)
Central Board of Direct Taxes (CBDT), in order to reduce litigations between investors and the Income-Tax Department, has allowed investors to decide .....
Tags : Central Board of Direct Taxes, Investment Gains
Allahabad HC Slams UP Tax Department for Taking Money from Flipkart(14.03.2016)
Allahabad HC has slammed Commercial Tax Department of Uttar Pradesh for using dubious means to withdraw Rs 49 crore from bank accounts of Flipkart in .....
Tags : Allahabad HC , UP Tax Department
I-T Department Notifies Rules Relaxing Norms on Foreign Fund Managers(17.03.2016)
Income-Tax Department has notified rules relaxing certain earlier conditions governing foreign fund managers in a bid to encourage them to move to Ind.....
Tags : Income-Tax Department , foreign fund managers
Kerala HC Directs Police Action against Taxi Drivers Obstructing Online Taxi Operators(18.03.2016)
Kerala HC has ordered State Police Chief to take action against taxi drivers who prevent online taxi services such as Uber and Ola from entering publi.....
Tags : Kerala HC , Taxi Operators
Government set to settle retrospective tax disputes(21.03.2016)
The Government is set to approve a scheme allowing firms mired in retrospective-tax disputes to settle them after paying principal tax. The scheme is .....
Tags : Retrospective tax, companies, settlement
Government set to settle retrospective tax disputes(21.03.2016)
The Government is set to approve a scheme allowing firms mired in retrospective-tax disputes to settle them after paying principal tax. The scheme is .....
Tags : Retrospective tax, companies, settlement
CBDT Announces Aug 31 as Last Date for Clearing Pending ITRs, Refunds(09.05.2016)
Central Board of Direct Taxes (CBDT) has declared August 31 as deadline for taxpayers whose ITRs for six assessment years between 2009-10 and 2014-15 .....
Tags : Central Board of Direct Taxes , ITRs
SC Agrees to Allow Diesel Taxis with All-India Permit to Carry BPO Employees in Delhi, NCR(10.05.2016)
SC has agreed to relax its order banning diesel-run all-India tourist permit taxis which ferry BPO employees in Delhi and NCR.
Tags : SC, Diesel Taxis
Supreme Court Eases Directives on Diesel Taxis(11.05.2016)
SC has modified its earlier order, which will now benefit 64,000 taxis and employees of BPO firms, who are picked up from Delhi and dropped to their o.....
Tags : SC , Diesel Taxis
Delhi Government Reduces VAT on Certain Items(12.05.2016)
Delhi Government has reduced Value Added Tax (VAT) on hybrid cars, battery-operated vehicles and e-rickshaws from 12.5 per cent to 5 per cent, project.....
Tags : Delhi Government, Value Added Tax (VAT)
Income Tax Department Launches 'E-Nivaran' to Fast Track Taxpayer Grievances(18.05.2016)
Income Tax Department has launched a special electronic grievance redressal system called 'e-nivaran' in order to fast track taxpayer grievances and e.....
Tags : Income Tax Department, e-nivaran
CBDT: Corrupt Can’t Use Black Money Window(23.05.2016)
Central Board of Direct Taxes (CBDT) has said that corrupt individuals will not be eligible to declare their black money under compliance window that .....
Tags : Central Board of Direct Taxes, Black Money Window
SC Denies Immediate Relief to Himachal Taxi Operators(23.05.2016)
Supreme Court has refused to grant any immediate relief to Himachal Pradesh taxi operators, who had pleaded for raising the limit on the number of veh.....
Tags : Supreme Court, Himachal Pradesh taxi operators
Delhi HC Upholds Tax on Food, Drinks in AC Hotels, Restaurants(16.08.2016)
Delhi HC has upheld Centre’s decision to impose service tax on food and beverages served in air-conditioned restaurants and hotels across the country.
Tags : Delhi HC, Centre, service tax
Delhi HC Rules Central Tax on Short-Term Accommodation in Hotels 'Unconstitutional'(16.08.2016)
Delhi HC has struck down a central tax on short term accommodation of less than three months in a hotel, inn, guest house, club or campsite as "uncons.....
Tags : Delhi HC, central tax , Hotels
CIC: Duly Consider Public Interest While Deciding RTI on ITR(16.08.2016)
Central Information Commission (CIC) has directed Income Tax department to "duly consider the larger public interest" while responding to an RTI requ.....
Tags : Central Information Commission , Income Tax department
RBI Authorises Select Bank Branches to Collect Advance Tax(16.08.2016)
Reserve Bank of India (RBI) has authorised various bank branches, including those of SBI, ICICI, HDFC Bank, PNB and Bank of Baroda, to collect income .....
Tags : Reserve Bank of India, Advance Tax
Mumbai ITAT Rules, Property Co-Ownership doesn’t Mean Joint I-T Liability(16.08.2016)
Mumbai Income-Tax Appellate Tribunal (ITAT) has ruled that if a spouse has not invested in a property and is merely a co-holder, then on sale of such .....
Tags : Mumbai Income-Tax Appellate Tribunal, Joint I-T Liability
India Notifies Protocol Amending Mauritius Tax Treaty(16.08.2016)
India has notified a landmark Protocol that has now amended an existing 33-year-old Double Taxation Avoidance Agreement (DTAA) between India and Mauri.....
Tags : Double Taxation Avoidance Agreement (DTAA) between India and Mauritius
P&H High Court Issue Notice to Chandigarh Administration on paying of VAT on Discount Amount(19.08.2016)
P&H High Court has issued notice of motion to the Chandigarh Administration asking to file a reply as to why their order directing the automobile agen.....
Tags : P&H High Court, Value Added Tax
Punjab and Haryana HC Issues Summon to State Excise Chief over Liquor Shops on Highways(15.12.2015)
Punjab and Haryana HC has summoned Excise and Taxation Commissioners (ETCs) of Haryana and Punjab over their failure to stop liquor vends along the na.....
Tags : Punjab and Haryana HC, Excise and Taxation Commissioners (ETCs) of Haryana and Punjab
Supreme Court Bans Registration of 2000cc+ Diesel Cars in NCR(16.12.2015)
SC has banned registration of diesel-run SUVs and cars having engine capacity beyond 2000 cc with immediate effect till March 31, 2016. Commercial veh.....
Tags : SC, registration of diesel-run SUVs and cars, Commercial vehicles, taxis
CBDT Notifies New Income Tax Department Authority to Deal with Black Money Window(18.12.2015)
Central Board of Direct Taxation (CBDT) has notified new Income Tax department authority which will now be empowered to receive due taxes and penalty .....
Tags : Central Board of Direct Taxation, Income Tax department authority, Black Money Window
Authority for Advance Ruling: No Service Tax on Payments to Expats Working in Local Arms of MNCs(21.12.2015)
Authority for Advance Ruling has said that payments to expats working in India for local arms of multinationals by the foreign parent won't attract se.....
Tags : Authority for Advance Ruling , multinationals, service tax
Supreme Court Rules, Income from Palace Rents Not Taxable Under IT Law(06.12.2016)
Supreme Court has held that income earned by erstwhile rulers of a princely state or their heirs by renting out a portion of residential palace was no.....
Tags : Supreme Court, erstwhile rulers, princely state, residential palace, Income Tax
Karnataka HC Refrains Transport Department from Taking Coercive Action Against Taxi Aggregators(08.12.2016)
Karnataka High Court has directed Transport Department Authorities not to take any coercive action against All-India Tourist Taxi Operators under Karn.....
Tags : Karnataka High Court, Taxi Aggregators, Taxi Operators
Pune ITAT: Higher Education Abroad Is No Bar for Claiming Interest on Edu Loans for Tax Deduction(02.12.2015)
Pune Income-tax Appellate Tribunal (ITAT) has held that deduction for interest paid on educational loans taken for higher studies will be allowed from.....
Tags : Pune Income-tax Appellate Tribunal , Edu Loans for Tax Deduction
Madras HC Stays Order on ET Exemption(03.12.2015)
Madras High Court has stayed order of a single judge directing State government to pass on exemption on Entertainment Tax (ET) provided to films with .....
Tags : Madras High Court, Entertainment Tax
Karnataka HC: State Can’t Levy FDT on Private Mining Lease-Holders(04.12.2015)
Karnataka HC has held that private mining or quarrying lease-holders in forest areas are not liable to collect Forest Development Tax (FDT) when they .....
Tags : Karnataka HC, Forest Development Tax
CBDT Notifies Emails as New Communication Mode with Taxpayers(07.12.2015)
Central Board of Direct Taxes (CBDT) has notified use of emails as new mode of communication between taxman and taxpayers, as part of government's e-i.....
Tags : Central Board of Direct Taxes , emails
Madras HC Raps Chennai Corporation for Not Revising Property Tax Since 1998(25.11.2016)
Madras High Court has rapped Chennai Corporation over failure to pass a resolution to amend property tax since 1998.
Tags : Madras High Court, property tax,
Lok Sabha Passes Income Tax Amendment Bill(29.11.2016)
Taxation Laws (Second Amendment) Bill 2016, which proposes 30% tax on undisclosed income plus 10% penalty beside a 33% surcharge and 75% tax and 10% p.....
Tags : Taxation Laws, Taxation Laws (Second Amendment) Bill 2016, demonetisation, Lok Sabha
Gujarat HC Junks Petitions of E-commerce Players Challenging Levy of Entry Tax(02.12.2016)
Gujarat High Court has disposed of a set of petitions filed by e-commerce players Flipkart, Amazon, and Instakart challenging Entry Tax imposed by Sta.....
Tags : Gujarat High Court, Flipkart, Amazon, Instakart, e-commerce, Entry Tax
SC Extends Deadline for All Cabs in NCR to Convert to CNG till March 31(06.01.2016)
Supreme Court has extended deadline for all taxis in National Capital Region to convert to CNG mode from March 1 to March 31 and directed Centre to s.....
Tags : Supreme Court, Centre , taxis
NGT Disposes Plea Against Running of Inter-State Diesel Taxis(13.01.2016)
National Green Tribunal (NGT) has disposed of petitions which alleged that diesel powered inter-state taxis operating in Delhi were violating Supreme .....
Tags : National Green Tribunal , Inter-State Diesel Taxis
Bihar Govt. Levies Luxury Tax on Samosas, Kachoris , Namkeens Etc.(14.01.2016)
Bihar Govt. has decided to impose Value Added Tax of 13.5% on a host of items counted as luxury products, including sweets costing more than Rs.500 a .....
Tags : Bihar Govt. , Value Added Tax, Samosas, Kachoris, Namkeens
Bombay HC Directs Service Tax Department to Revalue Mallya’s Plane(21.12.2016)
Bombay High Court has asked Service Tax Department, which has to recover dues of Rs 532 crore from business tycoon Vijay Mallya, to revalue his luxury.....
Tags : Bombay High Court, Service Tax, Vijay Mallya, uxury plane
Supreme Court Rejects Urgent Hearing Pleas on Tax Breaks For Parties(26.12.2016)
Supreme Court has refused to grant an urgent hearing on a PIL challenging Constitutional Validity of income tax exemptions to registered political par.....
Tags : Supreme Court, income tax, political parties
Madras HC: No TDS on Monetary Benefits of Nuns/Priests(26.12.2016)
Madras High Court has ruled that Nuns, Priests, Monks and other religious persons who are attached to religious orders and whose salaries and monetary.....
Tags : Madras High Court, Tax Deduction At Source, Priests, Monks, Nuns
Himachal Pradesh HC Turns Down Virbhadra’s Plea Challenging IT Dept Order(27.12.2016)
Himachal Pradesh High Court has dismissed petitions filed by Chief Minister Virbhadra Singh, his wife Pratibha and son Vikramaditya challenging orders.....
Tags : Himachal Pradesh High Court, Virbhadra Singh, Income Tax
Income Declaration & Tax Dispute Resolution Schemes to Come into Force from Tomorrow(31.05.2016)
Central Board of Direct Taxes (CBDT) has said that the Income Declaration Scheme, 2016 and the Direct and Indirect Tax Dispute Resolution Schemes 2016.....
Tags : Central Board of Direct Taxes, Income Declaration Scheme, 2016, Tax Dispute Resolution Schemes
Four New Forms Under Domestic Black Money Window Notified by Income Tax Department(03.06.2016)
Income Tax department has notified four new forms for those who wish to declare their untaxed funds and properties under the one-time domestic black m.....
Tags : Income Tax Department, Form
Supreme Court to Take Fresh Look at Tax on Club Food(03.06.2016)
Can a State Government levy sales tax on food and drinks served to permanent members by a private club on its premises? After deliberating on this que.....
Tags : Supreme Court, Tax, Club Food
ITAT Clarifies on Rent Deposits(07.06.2016)
Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has observed that the notional interest on security deposit paid by an employer to the landlord c.....
Tags : Income Tax Appellate Tribunal, ITAT, security deposit
Delhi HC to Homebuyers: Don’t Pay Service Tax to Builders(09.06.2016)
Delhi HC while passing a judgment that could effect home buyers across the country has held that service tax cannot be charged on property units in a .....
Tags : Delhi HC, service tax
CBDT: 1% Tax at Source on Retail Sales of Motor Vehicles(09.06.2016)
Centre has decided to levy 1% tax collected at source (TCS) on motor vehicles purchased in ‘cash’, in the range of Rs 2-10 lakh. Also, any sale exceed.....
Tags : CBDT, tax collected at source
ITAT, Mumbai: Individuals Paying for Residential Houses Will Get Complete Tax Benefits(02.05.2017)
Income Tax Appellate Tribunal (Mumbai bench) has held that if entire investment for purchase of a new residential house, along with stamp duty and reg.....
Tags : Income Tax Appellate Tribunal, Residential Houses
Delhi High Court: 'Financial Capacity' Relevant Factor for Application for Waiver of Interest(23.05.2017)
Delhi High Court, while confirming rejection of an application seeking waiver of interest held that financial capacity of assessee is a relevant facto.....
Tags : Delhi High Court, Income Tax Act
Delhi HC: Document Seized From Broker Cannot be Used as Evidence to Initiate Re-assessment(24.05.2017)
Delhi High Court has held that materials seized from a real estate broker relating to assessee cannot be used as an evidence to initiate re-assessment.....
Tags : Delhi High Court, Re-assessment, Income Tax Act
ITAT, Kolkata: Re-Assessment Without Any ‘Fresh Tangible Materials’ is Bad in Law(24.05.2017)
Kolkata bench of Income Tax Appellate Tribunal has ruled that re-assessment solely based on original assessment records and without any fresh tangible.....
Tags : Kolkata, Income Tax Appellate Tribunal, Re-Assessment
Mizoram Passes Mizoram Goods and Services Tax (GST) Bill, 2017(26.05.2017)
Mizoram State Assembly has unanimously passed Mizoram Goods and Services Tax (SGST) Bill, 2017.
Tags : Mizoram State Assembly, Mizoram Goods and Services Tax (SGST) Bill, 2017
CBDT Forms Committee to Recommend Measures For Expeditious Recovery of Tax Arrears(29.05.2017)
Central Board of Direct Taxes (CBDT) has issued an Office Memorandum to constitute a 7 member committee to recommend measures for expeditious recovery.....
Tags : Central Board of Direct Taxes, tax arrears
GSTN Registration Window to Re-open on June 1(29.05.2017)
Government has decided to re-open enrollment for Goods and Services Tax Network (GSTN) on June 1, enabling central excise and service taxpayers who la.....
Tags : Goods and Services Tax Network
ITAT Mumbai Says 'Sponsoring Foreign Trips of Doctors for Business Promotion is Expenditure'(29.05.2017)
Mumbai ITAT has held that sponsoring foreign trips of doctors for business promotion is allowable as expenditure under provisions of Income Tax Act.
Tags : Mumbai ITAT, foreign trips, Income Tax Act
CBDT Notifies New Rules on Tax-Free Status for Indian Sailors(19.08.2015)
Central Board of Direct Taxes (CBDT) has issued gazette notification regarding new tax rules for people working on ships which will help them to quali.....
Tags : Government,tax rule
CBDT: Trade Advances cannot be treated as ‘Deemed Dividend’(14.06.2017)
Central Board of Direct Taxes (CBDT) has clarified that trade advances would not attract provisions of “deemed dividend” under provisions of Section 2.....
Tags : Central Board of Direct Taxes, Income Tax Act
CBDT: Payment of ‘Passenger Service Fee’ by an Airline to Airport Operator Does Not Attract TDS(14.06.2017)
Central Board of Direct Taxes (CBDT) has issued a circular clarifying that payment of ‘Passenger Service Fee’ made by an airline to Airport Operator d.....
Tags : Central Board of Direct Taxes, Passenger Service Fee
ITAT, Bengaluru: No Exemption to Society For Investment in Fixed Asset using Loan Amount(15.06.2017)
ITAT, Bengaluru has held that assessee-society is not entitled to exemption in respect of investment in fixed asset using loan amount under section 11.....
Tags : ITAT, Bengaluru, Income Tax Act
Karnataka Assembly Passes State GST Bill(16.06.2017)
Karnataka State Assembly has unanimously passed 'Karnataka Goods and Services Tax Bill, 2017'.
Tags : Karnataka Goods and Services Tax Bill, 2017
CBDT Notifies Rule for Computing Interest Income for Secondary Adjustments Under Transfer Pricing(19.06.2017)
Central Board of Direct Taxes (CBDT) has amended Income Tax Rules, 1962 and inserted Rule 10CB for computing interest income for secondary adjustments.....
Tags : Central Board of Direct Taxes, Transfer Pricing
GST Rollout on June 30 Midnight, Filing Rules Relaxed for Jul-Aug(19.06.2017)
Goods and Services Tax (GST) Council has decided to increase room tariff threshold, above which luxury rate of 28% will apply, to Rs 7,500 from Rs 5,0.....
Tags : Goods and Services Tax, Filing Rules
#OneNationOneTax: GST Council Revises Tax Rates For Restaurants, Seals Rates for Lotteries(19.06.2017)
Goods and Services Tax (GST) Council has fixed cost of eating out at restaurants at 18%, down from 28% decided earlier. Council has fixed tax of state.....
Tags : Goods and Services Tax, GST Rates
SC Stays Imposition of Service Tax on Lawyers(10.08.2015)
Supreme Court has stayed the Bombay High Court’s order of dismissing the petition challenging levy of service tax on lawyers.
Tags : Supreme Court, service tax on lawyers
Finance Minister Arun Jaitley Tables GST Bill in Rajya Sabha(03.08.2016)
Finance Minister Arun Jaitley has tabled Goods and Services Tax (GST) Bill in Rajya Sabha.
Tags : Finance Minister Arun Jaitley, Goods and Services Tax (GST) Bill
GST In Lok Sabha Once Again(08.08.2016)
Finance Minister Arun Jaitley, with a strong pitch for "one nation one tax,", has presented in the Lok Sabha the bill passed by the Rajya Sabha last .....
Tags : Arun Jaitley, Goods and Services Tax , GST
Orissa HC Slashes Heritage Tax for Newlyweds(11.08.2016)
Orissa High Court has termed illegal the Bhubaneswar Municipal Corporation's practice of collecting Rs 1,000 from newlyweds towards maintenance of her.....
Tags : Orissa High Court , Heritage Tax
Supreme Court: Expenditure Incurred To Earn Dividend Income On Shares Not Deductible(11.05.2017)
Supreme Court has held that Section 14A of Income Tax Act would apply to dividend income on which tax is payable under Section 115-O of Act.
Tags : Supreme Court, Income Tax
Government Reopens Window for GST Registration From June 1(12.05.2017)
Government has decided to reopen window for GST registration for 15 days from June 1 for taxpayers to enroll themselves with the Goods & Service Tax N.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Government: Firms Must Disclose Securities Deals Above Rs 10 lakh by May 31(17.05.2017)
Government has asked all companies to disclose shares and bond transactions involving Rs 10 lakh or more in a financial year to Income Tax department .....
Tags : Firms, shares, bonds, income tax
Puducherry Becomes First UT to Pass State GST Bill(18.05.2017)
Puducherry Assembly has unanimously passed Puducherry Goods and Services Tax Bill, 2017 and has became the first Union Territory to pass SGST Bill 201.....
Tags : Puducherry, Goods and Services Tax Bill
#GST: Council Seals Four Tier Tax Slab For Services, 13 in 5% Bracket, Education, Healthcare Exempted(22.05.2017)
GST Council has finalised tax rates for services. Education and healthcare have been exempted from GST regime. Telecoms and financial services will be.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
CBDT: Now File Statement of Financial Transaction at Tin Facilitating Centers(02.06.2017)
Central Board of Direct Taxes (CBDT) has enabled filing of Statement of Financial Transaction (SFT) at Tin Facilitating Centers (TIN-FC).
Tags : Central Board of Direct Taxes, Statement of Financial Transaction, Tin Facilitating Centers
Allahabad High Court: ‘Flavoured Milk’ is Exempted Under UP Trade Tax Act(05.06.2017)
Allahabad High Court has held that “flavoured milk” sold in open form or in sealed containers is basically a milk that stands exempted under Section 4.....
Tags : Allahabad High Court, UP Trade Tax Act
GST: Input Tax Credit Limit on Existing Stocks Raised to Support Transition Period Sales(05.06.2017)
GST Council has decided to increase limit on input tax credit to 60% from earlier proposed 40% on items with excise rates above 18%, bringing some res.....
Tags : GST Council, Input Tax Credit
Allahabad High Court Says 'Levy of Service Tax on Rented Property is Constitutional'(05.06.2017)
Allahabad High Court has upheld constitutional validity of provisions of Finance Act, 1994 imposing Service Tax on rented immovable property.
Tags : Allahabad High Court, service tax
Allahabad HC Says 'No' to Benefit u/s 80G of IT Act on Mere Fulfillment of Conditions u/s 10(23)(c)(06.06.2017)
Allahabad High Court has held that benefit of Section 80G of Income Tax Act cannot be granted to assessee merely on ground that it satisfies all condi.....
Tags : Allahabad High Court, Income Tax Act
CBDT: PAN Mandatory for Refund of TDS on Immovable Property(07.06.2017)
Central Board of Direct Taxes (CBDT) has notified amendment in income Tax Rules making it mandatory to furnish PAN details in Form 26B instead of TAN.....
Tags : Central Board of Direct Taxes, TDS
Allahabad High Court Says Levy of Service Tax on Rented Property is Constitutional'(08.06.2017)
Allahabad High Court has upheld constitutional validity of provisions of Finance Act, 1994 imposing Service Tax on rented immovable property.
Tags : Allahabad High Court, Service Tax
Delhi HC to Taxi Operators: Consumer is King(31.08.2016)
Delhi HC has reminded taxi operators that "consumer is king" when they protested against discounts being offered by app-based cab providers.
Tags : Delhi HC , taxi operators
Delhi HC Orders Return of Service Tax Payments made by MakeMyTrip(02.09.2016)
Delhi HC has directed Director General of Central Excise Intelligence (DGCEI) to return service tax payments made in MakeMyTrip, Ibibo and eBIZ servic.....
Tags : Delhi HC , Service Tax, MakeMyTrip
Delhi HC to Delhi Govt.: No Coercive Action against Taxi Aggregators(07.09.2016)
Delhi HC has directed Delhi Government not to take any coercive action against taxi aggregators, such as Uber and Ola, till a special panel submits it.....
Tags : Delhi HC, taxi aggregators,
#GST Rollout: Govt Defers TDS, TCS Under GST to Ensure Smooth Roll-out(27.06.2017)
Government has deferred implementation of Tax Deducted at Source (TDS) and Tax Collection Source (TCS) provisions as well as exempted from registratio.....
Tags : Government, Tax Deducted at Source, Tax Collection Source
CBDT Issues New Scrutiny Notices with E-Facility for Taxpayers(27.06.2017)
Central Board of Direct Taxes (CBDT) has notified revised income tax scrutiny notices enabling tax payers to resolve issues arising out of scrutiny of.....
Tags : Central Board of Direct Taxes
Government: Aadhaar Mandatory for PAN application Form from July 1(29.06.2017)
Income Tax Amendment Rules [Income Tax (17th Amendment) Rules, 2017] which makes quoting Aadhaar mandatory for PAN Application from July-1, has been n.....
Tags : Income Tax Amendment Rules, Aadhaar, PAN
CBDT Enters into Five Unilateral Advance Pricing Agreement with Indian Taxpayers(29.06.2017)
Central Board of Direct Taxes (CBDT) has entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers during June, 2017.
Tags : Central Board of Direct Taxes, Advance Pricing Agreements
#GST Rollout:CBEC Notifies Remaining CGST Rules, Applicable from 1st July 2017(29.06.2017)
Central Board of Excise and Customs (CBEC) has notified remaining Central Goods and Service Tax (CGST) Rules which applicable from 1st July 2017.
Tags : Central Board of Excise and Customs, Central Goods and Service Tax (CGST) Rules
#GST: Registered Persons Can Claim Refund of Integrated Tax on Export of Goods/Services(03.07.2017)
Govt has notified amended rules relating to CGST which has inserted a new clause, Rule 96A to CGST Rules that allows a registered person to claim refu.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies GST Compensation Cess Rules, 2017(03.07.2017)
Government has notified GST Compensation Cess Rules, 2017 in order to compensate loss of manufacturing States under new indirect tax regime for first .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Unregistered Dealers Can Claim Cenvat Credit for Goods Purchased before GST Rollout(03.07.2017)
Govt has notified that dealers who are not registered under Central Excise Act but is registered with CGST can claim Cenvat Credit for goods purchased.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies Reduced Rate of Fertilizers under CGST(03.07.2017)
Govt has notified rates approved by GST Council on Fertilizers under CGST Act, UTGST Act and IGST Act. As per the notification, Mineral or chemical fe.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: GST Compensation Cess on Vehicles Transporting up to 13 Persons(03.07.2017)
Govt has amended its earlier notification dated 28.06.2017 which levies 15% GST Compensation cess on motor vehicles for transport of 10 or more person.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Assessee Having Provisional ID must Complete Registration Procedure by September(03.07.2017)
Govt has clarified that a period of three months is allowed to complete procedure of issue of Goods and Services Tax Identification Number (GSTIN) i.e.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies Rate of Goods and Services under IGST & UTGST(03.07.2017)
Central Government has notified a number of notifications prescribing rates applicable for goods and services under IGST and UTGST Acts.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Gujarat High Court: Mere Rejection of a Claim Would Not Attract Penalty Under Income Tax Act(20.06.2017)
Gujarat High Court has held that penalty cannot be levied on assessee solely on ground of rejection of a claim under Income Tax Act, 1961.
Tags : Gujarat High Court, Income Tax Act
GST Council: Composition Scheme Not Available to Manufacture of Ice-Cream, Pan Masala, Tobacco(20.06.2017)
Goods and Services Tax (GST) has decided to exclude manufacture of ice-cream, Pan Masala and Tobacco from the purview of Composition Levy Scheme under.....
Tags : Goods and Services Tax, Composition Scheme
CBEC Releases Draft Notification Amending Bill of Entry and Bill of Export Regulations(20.06.2017)
Central Board of Excise and Customs (CBEC) has released draft notification amending Bill of Entry Regulations, 1976 and Bill of Export Regulations, 19.....
Tags : Goods and Services Tax, Bill of Entry, Bill of Export Regulations
CBDT Notifies Revised Form 3CE for APA Seeking Taxpayer Identification Number of AE(20.06.2017)
Central Board of Direct Taxes (CBDT) has notified revised Form 3CE for Advance Pricing Agreements (APAs) wherein furnishing of Taxpayer Identification.....
Tags : Central Board of Direct Taxes, Advance Pricing Agreements
Punjab, Tamil Nadu Passes State Goods and Services Tax (GST) Bills(20.06.2017)
Punjab and Tamil Nadu State Assemblies have passed Punjab State Goods and Services Tax (GST) Bill, 2017 and Tamil Nadu State Goods and Services Tax (G.....
Tags : Goods and Services Tax (GST) Bill
#GST: Government Notifies Persons Exempted from Obtaining Registration(21.06.2017)
Central Government has notified persons only engaged in making taxable supplies, total tax on which is liable to be paid on reverse charge basis as th.....
Tags : Goods and Services Tax, GST, Registration
#GST: Govt notifies gst.gov.in as Common E-Portal for GST(21.06.2017)
Central Government has notified www.gst.gov.in as the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, f.....
Tags : Goods and Services Tax, GST, E-Portal
ITAT, Mumbai: No Income Tax on Gift made by HUF to its Member(29.05.2017)
ITAT, Mumbai has held that Gift given by an HUF to its member is not taxable in hands of member under Income Tax Act since “HUF” can be treated as “re.....
Tags : ITAT, Mumbai, Gift, Income Tax
ITAT,Hyderabad: No Penalty If Assessee Discloses Correct Income During Scrutiny(30.05.2017)
Income Tax Appellate Tribunal (ITAT), Hyderabad has held that penalty under Section 271(1)(c) of Income Tax Act is not leviable in a case where assess.....
Tags : Income Tax Appellate Tribunal (ITAT), Hyderabad
Delhi HC: No Notice Needed to Search & Seize 'Undisclosed Money' Deposited in 3rd Party A/C(31.05.2017)
Delhi High Court held that ‘Undisclosed Money’ deposited in a third parties’ Bank Account can be subject to search and seizure under Income Tax Act ev.....
Tags : Delhi High Court, Undisclosed Money, Income Tax Act
ITAT, Delhi: Commissioner Sanction Not Required for Contribution towards EPF Under EPF Act(31.05.2017)
ITAT Delhi has held that approval by Commissioner of Income Tax is not a mandatory requirement to allow deduction of contribution towards EPF under se.....
Tags : ITAT Delhi, Income Tax Act, Employees provident Fund Act
CBDT Asks Taxpayers to Link Aadhaar with PAN Using SMS(31.05.2017)
Central Board of Direct Taxes (CBDT) has directed taxpayers to link their Aadhaar with their PAN, using an SMS-based facility.
Tags : Central Board of Direct Taxes, Aadhaar, PAN
Delhi Assembly Passes State Good And Services Tax (GST) Bill(01.06.2017)
Delhi Assembly has passed State Goods and Services Tax (GST) Bill even as Chief Minister Arvind Kejriwal pitched for capping tax rate at a maximum of .....
Tags : Delhi Assembly, State Good And Services Tax (GST) Bill
CBDT: No Need to Submit Form 15G/15H Every Time When Payment is Due(01.06.2017)
Central Board of Direct Taxes (CBDT) has clarified that Form 15G/15H need not be filed every time when payment is due, instead the depositor is requir.....
Tags : Central Board of Direct Taxes, Form 15G/15H
#GST: Six Sections of IGST Act Comes Into Force Tomorrow(21.06.2017)
Central Government has notified that six sections (1, 2, 3, 14, 20, 22) of Integrated Goods and Services Tax (IGST) Act will be implemented from 22nd .....
Tags : Goods and Services Tax, GST, IGST Act
#GST: Eighteen Sections of CGST Act Comes Into Force Tomorrow(21.06.2017)
Central Government has notified that eighteen sections (1-5, 10, 23-30, 139, 146, 164) of Central Goods and Services Tax (CGST) Act will be implemente.....
Tags : Goods and Services Tax, GST, CGST Act
#GST: CBEC Notifies Jurisdiction of Tax Officers under CGST & IGST Act(21.06.2017)
Central Board of Excise and Customs (CBEC) has notified jurisdiction of Tax officers under Central Goods and Services Tax (CGST) and Integrated Goods .....
Tags : Goods and Services Tax, GST, CGST Act, IGST Act
#GST: Govt Notifies Anti-Profiteering Rules(21.06.2017)
Central Government has notified the Anti-profiteering Rules, 2017 under the GST law.
Tags : Goods and Services Tax, GST, Anti-Profiteering Rules
#GST: CBEC Notifies Aadhaar/ Bank Account Based Verification for Purpose of CGST Rules(21.06.2017)
Central Board of Excise and Customs (CBEC) has notified Aadhaar based Electronic Verification Code (EVC) or Bank account based One Time Password as mo.....
Tags : Goods and Services Tax, GST, CGST Rules, Aadhaar/ Bank Account
#GST: Central Goods & Services Rules-2017 Notified, Will Be Effective From Tomorrow(21.06.2017)
Central Board of Excise and Customs (CBEC) in exercise of powers conferred by section 164 of Central Goods and Services Tax Act, 2017 has notified Cen.....
Tags : Goods and Services Tax, GST, Central Goods & Services Rules-2017
CBDT Notifies Rule 10CB for Secondary Adjustments u/s 92CE of IT Act, 1961(21.06.2017)
Central Board of Direct Taxes (CBDT) has notified Rule 10CB for operationalising the provisions of secondary adjustment under Section 92CE of IT Act, .....
Tags : Income Tax
#GST Rollout: Six Sections of IGST Act Notified, Effective From Today(22.06.2017)
Central Government has notified that six sections (1, 2, 3, 14, 20, 22) of Integrated Goods and Services Tax (IGST) Act shall come into force from tod.....
Tags : Central Government, Goods and Services Tax (IGST) Act
#GST: Unutilized ITC Will Not be Refunded on Construction Services under UTGST(03.07.2017)
Central Board of Excise and Customs has notified that refund is not allowable under Union Territory Goods and Services Tax (UTGST) Act in case of cons.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Amends Customs, Central Excise Duties and Service Tax Drawback Rules(03.07.2017)
Government has amended Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 with a view to insert necessary changes to drawback rules u.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Lays Down Procedure for Intimating Aadhaar Number to IT Dept(03.07.2017)
Central Government has notified procedure for intimating Aadhaar number with Income Tax Department in compliance with provisions of section 139AA of I.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Border Commercial Tax Checkposts in 22 States Abolished(04.07.2017)
As many as 22 states have abolished Border Commercial Tax checkposts after rollout of Goods and Services Tax (GST) on July 1, marking a big step towar.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CBDT: Property Advance Above Rs. 20,000 Must be Disclosed in Audit Report(05.07.2017)
Central Board of Direct Taxes (CBDT) has notified that property advance of Rs. 20,000 should be disclosed in audit report u/s 44AB of Income Tax Act.
Tags : Central Board of Direct Taxes, Income Tax Act
#GST: Firms Can Sell ‘Unsold Stock’ at Reprinted MRP Till Sept 30(05.07.2017)
Central Government has allowed change in MRP on unsold stock prior to implementation of Goods and Services Tax (GST) till 30th September 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CBDT: Rs 2 Lakh Cash Ban Shall Not Apply on One Installment for Loan for NBFCs(06.07.2017)
Central Board of Direct Taxes (CBDT) has clarified that prohibition on cash transactions upto Rupees 2 lakhs under section 269ST of Income Tax Act doe.....
Tags : Central Board of Direct Taxes, Cash Ban
#GST: Govt Releases FAQs on Composition Levy(06.07.2017)
Central Government has released Frequently Asked Questions (FAQs) on Composition levy under new indirect tax law, GST.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
NGT Issues Notice to Centre, Delhi Govt. on Yamuna Water Taxi Project(13.09.2016)
National Green Tribunal (NGT), on plea seeking commencement of boat transport service on a section of Yamuna, has issued notices to Ministry of Water .....
Tags : National Green Tribunal , Yamuna Water Taxi Project
Direct Tax Dispute Resolution Scheme, 2016 Can be Availed Up to 31st December, 2016(16.09.2016)
Direct Tax Dispute Resolution Scheme, 2016, which came into force from 1st June, 2016, can be availed up to 31st December, 2016.
Tags : Direct Tax Dispute Resolution Scheme, 2016
#GST: 18% IGST on Renting of Transport Vehicles Other than Motorcabs(10.07.2017)
Central Government has issued a corrigendum to its earlier Notification No. 8/2017 dated 28.06.2017 whereby rental services of transport vehicle other.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CBEC: Service Tax Return for April to June 2017 Must Be Filed before 15th August 2017(10.07.2017)
Central Board of Excise and Customs (CBEC) has mandated all service providers who are assesses under the Finance Act, 1994 to submit returns for the p.....
Tags : Service Tax Return
#GST: Government Adds Sanitary Napkins to 12% Tax Slab(11.07.2017)
Government has said that sanitary napkins will attract a GST rate of 12%, a shade lower than 13.7% in the previous indirect tax regime.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: No GST on Annual Gifts By Employer of Less Than Rs. 50,000(11.07.2017)
Ministry of Finance has clarified that gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies GST Exemption to Import of Aircraft, Aircraft Engines and Its Parts(12.07.2017)
Central Government has notified exemption to the import of aircraft, aircraft engines and its parts procured on lease from the the Goods and Services .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CCI Orders Enquiry Against A Leading Taxi Aggregator For Predatory Pricing(21.09.2015)
Competition Commission of India (CCI) has ordered an enquiry against a leading taxi aggregator company in India for alleged indulging in predatory pri.....
Tags : Competition Commission of India,taxi aggregator company
CIC Issues Summon to Secretary to L-G over RTI on Tax Fraud(22.09.2015)
Central Information Commission (CIC) while taking serious view of how an RTI application was handled by Lieutenant Governor secretariat, Information C.....
Tags : Central Information Commission,RTI on Tax Fraud
Patna HC Quashes Entry tax on online Purchases(30.09.2016)
Patna HC while quashing notification issued by Bihar Government has held that levy of entry tax on online purchases is illegal and unconstitutional.
Tags : Patna HC, Entry Tax
Central Information Commission Slams Income Tax ‘Informer’ for Using RTI to Earn Incentives(03.10.2016)
Central Information Commission has admonished a Right to Information (RTI) applicant who was allegedly seeking massive information from the Income Tax.....
Tags : Central Information Commission, RTI, Income Tax Department
Madras HC: Amendment to Additional Sales Tax Act Unconstitutional(03.10.2016)
Madras HC has declared unconstitutional inclusion of Explanation V to Section 2(1)(aa) of TN Additional Sales Tax Act, 1970, in 2002 to levy additiona.....
Tags : Madras HC , TN Additional Sales Tax Act, works contractors
Washington State Supreme Court Rules in Favor of Seattle’s Gun Tax(11.08.2017)
Washington State Supreme Court, while upholding Seattle’s tax on gun and ammunition sales, has ruled 8-1 to affirm a previous decision by King County .....
Tags : Washington State Supreme Court, Seattle’s Gun Tax
#GST: Council Reviews Cess on Cigerrates, New Rates Applicable from Monday Midnight(18.07.2017)
Goods and Services Tax (GST) Council has raised GST compensation cess on cigarattes over higher rate of 28 per cent.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: 12% GST on Citrus Fruits, Clementines, Wilkings, Grape Fruits Including Lemons and Limes(18.07.2017)
Central Government has issued a corrigendum to Notification No.1/2017-Central Tax (Rate), dated 28th June, 2017 stating that citrus fruits, clementine.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Delhi High Court Notices Centre Over Plea Against 12% GST on Sanitary Napkins(19.07.2017)
Delhi High Court has sought response of Centre on a plea against imposition of 12 per cent GST on sanitary napkins.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Delhi HC Questions Legality of Centre’s Press Release on GST on Legal Services(19.07.2017)
Delhi HC has asked Centre to clarify “legal sanctity” of press release, wherein it was clarified that legal services provided by an individual Advocat.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Assam Notifies List of Documents Required for Transit of Goods(19.07.2017)
Government of Assam has notified list of documents which shall be carried by a person in charge of the conveyance at the time of consignment of goods .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Centre Says Hotel Tariffs upto 7500 to Attract 18% GST Irrespective of Star Rating(19.07.2017)
Government has clarified that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than IN.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CBDT: GST Not to be Added for TDS Computation(20.07.2017)
CBDT has clarified that, where the recipient of a service is required to deduct tax at source (TDS) when making a payment to the supplier, the amount .....
Tags : CBDT, Goods and Service Tax
#GST: Govt Allows Manual filing of Bond/Letter of Undertaking for Exports(06.07.2017)
Central Board of Excise and Customs (CBEC) has clarified that exporters can manually submit Bond/ Letter of Undertaking for exports.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: 5% Tax on Branded Goods Applicable Only if Brand/ Trade Name is Registered Under TM Act(06.07.2017)
Central Government has clarified that unless the brand name or trade name is actually on Register of Trade Marks and is in force under Trade Marks Act.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Registration for Tax Deductor and Tax Collector will Start from July 25(06.07.2017)
Government has decided to open the registration window for Tax Deductors and Tax collectors from July 25.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: WB Govt Prohibits Tax Deduction/ Collection under WB VAT Act(06.07.2017)
West Bengal Government has said that no TDS/TCS shall be collected under WB VAT Act till the enforcement of TDS/TCS provisions under GST Acts.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: President Promulgates CGST & IGST Ordinances for Jammu & Kashmir(10.07.2017)
President Pranab Mukherjee has promulgated two ordinances regarding introduction of Goods and Service Tax (GST) in Jammu and Kashmir.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: FM Launches Mobile App ‘GST Rates Finder’(10.07.2017)
Union Finance Minister Arun Jaitley has launched a mobile app “GST Rates Finder” which is now available on android platform and will soon be available.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Clarification on Migration, New Registration, Opting for Composition Scheme Etc Issued(10.07.2017)
Ministry of Finance has issued clarification on Migration, New Registration, Opting for Composition Scheme and Issue of Bills of Supply. Any person wh.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies Safeguards for Furnishing LoU in place of a Bond for Exports(10.07.2017)
Central Board of Excise and Customs (CBEC) has notified conditions and safeguards for registered person who intends to supply goods or services for ex.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
NGT Directs Trucks Entering Delhi to Pay Environmental Tax(08.10.2015)
National Green Tribunal (NGT) has directed all commercial vehicles entering Delhi to pay environmental compensation charge in addition to the toll tax.....
Tags : National Green Tribunal ,Environmental Tax
Bombay High Court Quashes Income Tax Appellate Tribunal Ruling in Rs 8500 crore Transfer Pricing Case(09.10.2015)
Bombay High Court has quashed and set aside an order of Income Tax Appellate Tribunal, which had ruled that I-T department had powers to raise tax dem.....
Tags : Bombay High Court ,Income Tax Appellate Tribunal,Vodafone India
#Income Tax: Returns Can Now Be Filed Till August 5, Deadline Extended(31.07.2017)
The last date for filing of Income Tax Returns (ITRs) for the financial year 2016-17 has been extended to August 5.
Tags : income tax returns
#Income Tax: PAN-Aadhaar Linkage Can be Done till Aug 31, Not Mandatory for Filing Return Now(01.08.2017)
Central Board of Direct Taxes (CBDT) has clarified that PAN-Aadhaar linkage can be done till August 31st, 2017 and it’s not mandatory for Filing Incom.....
Tags : Income Tax
#GST: IGST on High Sea Sales of Imported Goods is Payable at Time of Clearance(03.08.2017)
Central Board of Excise and Customs (CBEC) have clarified that Integrated Goods and Services Tax (IGST) is payable on High Sea Sales of goods imported.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Bombay High Court Finds Maharashtra Taxi Rules Discriminate Against Private Cab Providers(04.08.2017)
Bombay High Court, while observing that Maharashtra City Taxi Rules discriminated between black and yellow cabs and mobile app-based services, has ask.....
Tags : Bombay High Court, Maharashtra Taxi Rules
Bombay High Court: No Addition Can be Made in Respect of Unutilized Cenvat Credit to Closing Stock(04.08.2017)
Bombay High Court, while upholding Tribunal order deleting addition in respect of unutilized Cenvat credit to closing stock, has held that irrespectiv.....
Tags : Bombay High Court, Income Tax Act
#GST: No GST on Free Food Supplied in Anna Kshetras(12.07.2017)
Finance Ministry has clarified that Goods and Services Tax (GST) is not applicable on free food supplied in Anna Kshetras run by religious institution.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Delhi HC Says 'No Coercive Action Against Lawyers, Law Firms For Non-Compliance With GST'(14.07.2017)
Delhi High Court has directed the Centre to abstain from taking any coercive action against lawyers and law firms for non-compliance with any legal re.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Services by Educational Institution to Students, Faculty, Staff Exempt from GST(14.07.2017)
Ministry of Finance has clarified that services provided by an educational institution to students, faculty and staff are fully exempt from Goods and .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Services by Residents Welfare Association Not to Become Expensive under GST(14.07.2017)
Ministry of Finance has clarified that services provided by Housing Society Residents Welfare Association not to become expensive under Goods and Serv.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Legal Services By Individual Lawyers, Senior Lawyers,Law Firms Liable For GST Under RCM(17.07.2017)
Ministry of Finance has clarified that legal services provided by an individual advocate including a senior advocate and a firm of advocates are liabl.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST:Services By Educational Bodies, Including Boarding & Lodging Facilities, Fully Exempt From GST(17.07.2017)
Finance Ministry has clarified that there is no change in tax liability relating to education and related services in the GST era, except reduction in.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Non-Registration with GST After July 30th Would Attract Penalty(17.07.2017)
Finance Ministry has said that traders should obtain registration under Goods and Service Tax (GST) law at the earliest without waiting for the last d.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GSTN Asks Traders to File July Returns from 5 Aug Onwards(04.08.2017)
Goods and Services Tax Network (GSTN) will open the facility of filing returns from 5th August 2017. By this, the first GST return for the month of Ju.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST Council Confirms Applicability of RCM on Legal Services(08.08.2017)
GST Council has confirmed applicability of reverse charge mechanism on all legal services provided to business entities.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST Council Freezes Rate for Textile Job Works at 5%, Cuts Rate for Govt Works Contract to 12%(08.08.2017)
GST Council in its 20th meeting has fixed GST rate for textile job works at 5 percent, and cut rate for government works contract to 12 percent with b.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST Council Freezes Rate for Printing Books, Newspapers at 12% If Services Supplied by 3rd Party(08.08.2017)
GST Council has said that tax rate of job work for printing books and newspapers will be 12% if service is supplied by someone else, while GST rate wi.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST Council Brings Down Tax Rates on Agricultural Services to 12%(08.08.2017)
GST Council has brought down agriculture services, tax rate of post-harvest and storage to 12% from current 18%. Tax rate for entry into planetariums .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST Council Says for 'Rent a Cab Service' Rate will be 12% If Service Provider Does Not Claim ITC(08.08.2017)
GST Council has said that in case of 'rent a cab service', GST rate will be 12% if service provider does not wish to claim Input Tax Credit (ITC), whi.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CBEC Asks Exporters to Register their Bank Accounts with Customs for IGST Refunds(08.08.2017)
Central Board of Excise and Customs (CBEC) has asked exporters to register their Bank Accounts with Customs for Integrated Goods and Services Tax (IGS.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Punjab and Haryana High Court Denies to Stay Imposition of Property Tax in City(06.10.2015)
Punjab and Haryana HC has denied to pass any interim order to stay levy of property tax in Chandigarh after UT Administration said that it was authori.....
Tags : Punjab and Haryana High Court,Property Tax
Bombay HC Asks Service Tax Department to Expedite Sale Mallya's Airbus(17.10.2016)
Bombay High Court has directed Service Tax Department to complete process of re-auction and sale of businessman Vijay Mallya’s private aircraft by Dec.....
Tags : Bombay High Court, Service Tax, Mallya's Airbus
Bombay HC Slams I-T Department over Wrong Tax Demand(17.10.2016)
Bombay HC has pulled up Income Tax Department after it found that department had slapped a notice on an individual even though the search and seizure .....
Tags : Bombay HC, Income Tax,
CBEC: Royalty Paid to Govt for Right to Use Natural Resources Subject to GST Under RCM(22.08.2017)
Central Board of Excise and Customs (CBEC) has clarified that license fee, lease charge, royalty etc paid to Government for assigning right to use nat.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Notifies New Form- 29B for Computing Book Profits of Company Under MAT Provisions(22.08.2017)
Central Government has notified revised Form No. 29B for computation of book profits of company for purpose of Minimum Alternate Tax (MAT) covered u/s.....
Tags : Minimum Alternate Tax
#GST: E-Commerce Operators Providing House-keeping Services Are Liable to Pay GST(24.08.2017)
Central Government has notified that E-Commerce Operators would be liable to pay Goods and Services Tax (GST) for providing house-keeping services und.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Clarifies Applicability of GST on Selling of Space for ads in Print Media(24.08.2017)
Govt has clarified that selling of space for ads in print media is leviable to GST @ 5%, if ad agency works on principal to principal basis. If ad age.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Kerala HC: No Service Tax For Used Car Dealers(24.07.2017)
Kerala High Court has held that dealers who facilitate the exchange of used-cars with new cars, or re-sale of used cars, are not liable to pay service.....
Tags : Kerala High Court, Service Tax
#GST: GSTN Portal Begins Invoice Uploading for Businesses(25.07.2017)
GSTN portal has started accepting uploading of sale and purchase invoices of businesses generated post Goods and Services Tax rollout on July 1.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Extends Deadline for Composition Scheme(25.07.2017)
Government has extended deadline for small businesses to opt for composition scheme in GST regime by nearly four weeks to August 16.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Calcutta HC Confirms Sales Tax Dept’s order Denying Online Generation of C-Forms(26.07.2017)
Calcutta High Court has confirmed the action of Sales Tax Department denying online generation of C forms while directing the petitioner to file the f.....
Tags : Calcutta HC, Sales Tax
CBDT Issues Clarification on MAT Provisions Relating to Ind AS Compliant Companies(26.07.2017)
Central Board of Direct Taxes (CBDT) has issued clarification on Implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accountin.....
Tags : Central Board of Direct Taxes
CBDT Issues Clarification on MAT Provisions Relating to Ind AS Compliant Companies(26.07.2017)
Central Board of Direct Taxes (CBDT) has issued clarification on Implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accountin.....
Tags : Central Board of Direct Taxes
Govt: NRIs Not Having Indian Bank Accounts to get Income Tax Refund in Foreign Bank Account(26.07.2017)
Government has said that Income Tax Refunds will be credited to Foreign Bank Account also for Non-Residents who is not having bank account in India.
Tags : Income Tax Refunds
#GST: National Anti-profiteering Authority Set Up to Aid Consumer Confidence(26.07.2017)
GST Council has formed a selection committee headed by the Cabinet Secretary to identify and recommend eligible persons for appointment as the chairma.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Haryana Govt Issues Guidelines for Inspection/ Detention of Conveyances(11.08.2017)
Haryana State Government has issued guidelines for road side checking and inspection/detention of conveyances under GST regime. As per GST law, Govt. .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
SC: Co-operative Societies Engaged in Banking Biz Not Eligible for Deduction u/s 80P of IT Act(16.08.2017)
Supreme Court has ruled that co-operative societies engaged in banking business for public are not eligible for deduction u/s 80P of Income Tax Act, 1.....
Tags : Supreme Court, Income Tax Act
J&K HC: Supplying Audio of Back Ground Sound to a Film Already Shot Amounts to “Manufacture”(16.08.2017)
Jammu & Kashmir High Court has held that activity of supplying audio of back ground sound to film already shot by customers, would amount to manufactu.....
Tags : Jammu & Kashmir High Court, Income Tax Act
#GST: CBEC Clarifies 'Manufacturer of Food Items Can Claim ITC on Rent'(17.08.2017)
Central Board of Excise and Customs (CBEC) has clarified that a manufacturer of taxable food items is eligible to claim input tax credit on the rental.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: CBEC Clarifies 'Food Supplied in Non-AC Areas of A/C Restaurants Attracts 18% GST'(17.08.2017)
Central Board of Excise and Customs (CBEC) has clarified that 18 per cent GST is applicable to food supplied in non-A/C areas of an A/C restaurant.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST Return Filing Date Extended for Taxpayers Availing Input Tax Credit(18.08.2017)
Central Government has extended due date for filing of Goods and Services Tax (GST) return for taxpayers who want to avail the transitional input tax .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: CBEC Says 'Tractors to Attract 18% Tax'(21.08.2017)
Central Government has notified that 18 per cent GST is applicable to tractors. Earlier, a highest rate of 28% was applicable on tractors.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Odisha Cabinet Approves Revised Rates(27.07.2017)
Odisha Cabinet has granted its nod for revised Goods and Services Tax (GST) rates and provided its consent for changes in cadres of Agricultural depar.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#Income Tax: CBDT to Share Details of IT Returns and Tax Audit Reports with MCA(27.07.2017)
Central Board of Direct Taxes (CBDT) has issued a Notification allowing IT Department to furnish details of income tax returns and Tax Audit reports w.....
Tags : Central Board of Direct Taxes
#Income Tax: IT Department Starts Accepting Returns Without Linking PAN-Aadhaar(31.07.2017)
Income Tax department has started accepting returns without linking PAN with Aadhaar Number upto 5 lakhs. This is due to people are facing problems wi.....
Tags : Income Tax, PAN, Aadhar
#GST: Govt Says 'Exporter can Claim Refund of GST Compensation Cess on Exported Goods'(31.07.2017)
Central Board of Excise and Customs (CBEC) has clarified that exporter is eligible for refund of GST Compensation Cess in respect of goods exported by.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies Goods and Services Tax Settlement of Funds Rules, 2017(31.07.2017)
Central Government has notified Goods and services Tax Settlement of funds Rules, 2017 which regulates distribution of tax among States under the newl.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies Central Goods and Services Tax (Fourth Amendment) Rules, 2017(31.07.2017)
Central Government has notified Central Goods and Services Tax (Fourth Amendment) Rules, 2017. As per the amended Rules, last date for migration of pe.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Andaman & Nicobar Govt Issues Regulations to Impose VAT on Goods Excluded from GST(31.07.2017)
Government of Andaman & Nicobar has issued regulations for imposing Value Added Tax (VAT) on goods not covered under the new Goods and Services Tax (G.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Clarifies Applicability of GST on Services by Fair Price Shops(24.08.2017)
Central Government has clarified that services provided by Fair Price Shops to Government are exempted from the ambit of new Goods and Services Tax (G.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Services of FIFA to Attract NIL GST(24.08.2017)
Central Government has exempted services provided by and to Fédération Internationale de Football Association (FIFA) and its subsidiaries directly or .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: LLPs Must be Treated as a Partnership Firm or Firm under GST Regime(24.08.2017)
Central Government has notified that Limited Liability Partnerships (LLP) registered under 2008 Act must be considered as a partnership firm or Firm u.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Composite Supply of Works Contract Provided to Govt Attracts 12% GST(24.08.2017)
Government has reduced rate of GST applicable to specified supply of works contract services to 12 per cent from the current 18%. Transport of passeng.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Notifies Acts Extending CGST & IGST to Jammu & Kashmir(28.08.2017)
Central Government has notified CGST and IGST Acts extending Goods and Services Tax (GST) laws to the State of Jammu and Kashmir.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Extends Due Date for Filing GSTR-6(29.08.2017)
Central Government recently extended the due date for filing GSTR-6 till September. As per the new Notification, Input Service Distributor can file re.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST Intelligence Arm to be Regulator for Gems & Jewellery Sector Under PMLA to Monitor Black Money(29.08.2017)
GST intelligence arm, Directorate General of Goods and Service Tax Intelligence, has been named the regulator for dealing with money laundering cases .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Government: Non-Monetary Fringe Benefits Received by Employees are Subject to GST(29.08.2017)
Central Government has clarified that non-monetary fringe benefits received by an employee from his employer is subject to tax under the new indirect .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Clarifies, 'Lottery is a Good under GST Regime'(30.08.2017)
Central Board of Excise and Customs has said that supply of lottery has been treated as supply of goods under Central Goods and Services Tax (CGST) Ac.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CBEC: Online Info., Database Access Suppliers From Outside India Gets Relaxation For Return Filing(30.08.2017)
Central Board of Excise and Customs (CBEC) has extended the due date of filing return for persons providing Online Information and Database Access or .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Government Notifies E-Way Bill Rules(31.08.2017)
Government has notified the E-way Bill Rules, 2017 keeping some items of mass consumption such as vegetables, fruits, food grains, meat, bread, curd,.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Cabinet Approves Promulgation of GST (Compensation to States) Ordinance, 2017(31.08.2017)
Union Cabinet has approved promulgation of an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Oklahoma Supreme Court Rules Sales Tax is Constitutional(01.09.2017)
Oklahoma Supreme Court has ruled that automobile sales tax implemented this year is constitutional.
Tags : Oklahoma Supreme Court, Sales Tax
Government: Hospital Room Rent Exempted from GST(04.09.2017)
Central Government has clarified that the rent paid by patients for hospital rooms are out of the ambit of Goods and Services Tax (GST) regime.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Government Waives Late Fee for July Returns(04.09.2017)
Central Government has clarified that no late fee would be levied on tax payers who failed to furnish the return in FORM GSTR-3B for the month of July.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CBDT Issues Final Rules for Taxing Share Buy Back by Companies(20.10.2016)
Central Board of Direct Taxes (CBDT) has introduced new Rule 44BB for computing amount received by a company in respect of issue of share for computin.....
Tags : Central Board of Direct Taxes, Rule 44BB, Buy Back
Bombay HC Slams Assessing Officer For Holding Back Company’s Refund(21.10.2016)
Bombay HC has slammed an I-T Assessing Officer for holding back refunds without sufficient reasons of Group M India, world's largest Media Investment .....
Tags : Bombay HC, Income Tax, Assessing Officer, Group M India
President Promulgates Ordinance to Raise GST Compensation Cess on Motor Vehicles(04.09.2017)
President Ram Nath Kovind has promulgated an ordinance to raise the compensation cess levied luxury, sports utility and large cars under the Goods and.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Deadline for Filing GST Returns(06.09.2017)
GIC (GST Implementation Committee) has decided to extend date of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th, 25th and 30th September 2017.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST Cess Hike in Cars to Take Effect from Today(11.09.2017)
GST Council has decided to hike cess on mid-sized cars by 2%, taking the effective GST rate to 45%. Also, cess on large cars has been hiked by 5%, tak.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: TDS, TCS Deductors Can Apply for GST Registration from 18 September(11.09.2017)
Goods and Services Tax (GST) registrations for entities mandated to collect and deduct tax at source will start from 18 September. However, the date f.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST Council Alters Tax Rates for Over 40 items(11.09.2017)
GST Council has slashed tax rates for Walnuts, broom, clay idols custard powder, idly-dosa batter, rubber bands, raincoat, dhoop batti, saree fall, co.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Deadline for GSTR 1 Filing Extended to October(11.09.2017)
GSTR1, which was to be filed by Sep 10, can be filed till Oct 10 by smaller businesses and large ones by Oct 3. GSTR-2 for July will have to be done b.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Re-opens Registration Window for Opting Composition Scheme till 30th Sep(11.09.2017)
Goods and Services Tax (GST) Council has re-opened the registration window for composition scheme till 30th September.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Delhi High Court Exempts An Export Company from Paying IGST(13.09.2017)
Delhi High Court has allowed an export company to import certain goods used as inputs in manufacturing products, without paying the additional levy un.....
Tags : Delhi High Court, Integrated Goods and Services Tax
Government Extends Due Date for Filing GSTR for July by ISD to Oct 13(14.09.2017)
Central Government has extended the due date for filing of returns for the month of July by Input Service Distributor to October 13th.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST: Registration Window for GST Composition Scheme Open Now(18.09.2017)
Government has opened option for GST Composition Scheme for the assessment year 2017-18 for small traders. The persons who want to avail the benefit o.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Kerala HC Permits Release of Seized Goods on Payment of 50% of Demand as per GST Laws(18.09.2017)
Kerala High Court has directed Commercial Tax Officer to release detained goods on payment of 50% of demand as per the new Goods and Services Tax (GST.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Punjab and Haryana HC Seeks Information on Highway Liquor Vends(17.11.2015)
Punjab and Haryana HC has directed Punjab Excise and Taxation Commissioner to inform if there were any liquor vends in state in violation of the court.....
Tags : Punjab and Haryana HC , Punjab Excise and Taxation Commissioner
Government Notifies Revised Double Taxation Agreement with South Korea(27.10.2016)
Government has notified a new Double Taxation Avoidance Agreement (DTAA) between India and South Korea, which was signed by Prime Minister Narendra Mo.....
Tags : Double Taxation Avoidance Agreement, India, South Korea
CBEC Asks Field Officers to Take GST Disputes to Supreme Court(19.09.2017)
Central Board of Excise and Customs (CBEC) has instructed its field officers to prepare to move the Supreme Court on all disputes where levy of Goods .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Due Date for Filing Form GST TRAN-1 to 31st October(20.09.2017)
Central Government has extended period for submitting the declaration in FORM GST TRAN-1 till 31st October, 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST: Government Exempts Skimmed Milk Powder or Concentrated Milk(26.09.2017)
Central Government has exempted skimmed milk powder or concentrated milk from the ambit of Goods and Services Tax (GST) regime.
Tags : Goods and Services Tax, Exemption, skimmed milk powder, concentrated milk
CBEC: No Refund of Unutilised Input Tax Credit on Corduroy Fabrics Supply(26.09.2017)
Central Board of Excise and Customs (CBEC) has notified that refund cannot be allowed on unutilised input tax credit on corduroy fabrics supply under .....
Tags : Central Board of Excise and Customs, input tax credit, corduroy fabrics
Government Prescribes Procedure to Furnish Form 67 to Claim Foreign Tax Credit(26.09.2017)
Central Government has prescribed the procedure to be followed to furnish Form 67 to claim foreign tax credit under the provisions of the Income Tax A.....
Tags : foreign tax credit, Income Tax Act, 1961
Supreme Court Allows Carrying Forward of Tax Losses(28.10.2015)
Supreme Court while providing benefit to companies making acquisition and reconstruction, has allowed carrying forward of tax losses in such transacti.....
Tags : Supreme Court, tax losses
Bombay High Court: Eye Treatment Can’t be Considered Professional Expenditure(30.10.2015)
Bombay High Court has said that expenses incurred for getting eyes treated cannot be claimed as a professional deduction under the Income Tax (IT) law.....
Tags : Bombay High Court, Income Tax (IT) law
Uttarakhand HC Directs State to Impose Glacier Tax on Tourists(08.11.2016)
Uttarakhand High Court has asked State Government to impose a ‘glacier tax’ on tourists visiting the Himalayas.
Tags : Uttarakhand High Court, glacier tax
SC Upholds Constitutionality of State Legislations on Entry Tax on Goods Coming into its Territory(11.11.2016)
Supreme Court has upheld constitutional validity of State Legislations with regard to levy of Entry Tax on goods coming into its territory.
Tags : Supreme Court, Entry Tax, Constitutionality
ITAT: Rent From Hoardings Received by Co-operative Housing Society Taxable as ‘House Property Income’(04.10.2017)
In an important ruling, Ahmadabad bench of ITAT has held that the rent received by a Co-operative housing society by letting out space for hoardings a.....
Tags : ITAT, Income from House Property, Income Tax Act, 1961
GST: Retail Sale Price Declared on the Footwear Package is Inclusive of Goods and Service Tax(04.10.2017)
Central Government has clarified that Retail Sale Price declared on the Foot ware Package is inclusive of Goods and Services Tax (GST).
Tags : Goods and Services Tax, Retail Sale Price
Gujarat HC Upholds Vires of Provision Denying Deduction for Payments to Eligible Project or Scheme(04.10.2017)
Gujarat HC has upheld vires of Sub-section 7 of Section 35AC of Income Tax Act according to which benefit of deduction under Section 35AC of Act is no.....
Tags : Gujarat HC, Section 35AC of Income Tax Act
Supreme Court Says Meal Vouchers Shouldn’t Be Taxed(10.12.2015)
Supreme Court has ruled that meal vouchers are not ‘goods’ for the purpose of levy of Octroi or Local Body Tax (LBT) and that the company issuing such.....
Tags : Supreme Court , Meal Vouchers, Octroi or Local Body Tax (LBT)
CBDT: Sebi-Registered FPIs get I-T Filing Relief(11.12.2015)
Central Board of Direct Taxes (CBDT) has clarified that incomplete or deficient returns filed by Foreign Portfolio Investors (FPIs) would not be treat.....
Tags : Central Board of Direct Taxes , Foreign Portfolio Investors
CBDT Increases Monetary Limit for Court Appeal by Income Tax (I -T) Department(14.12.2015)
Central Board of Direct Taxes (CBDT) in order to cut down on frivolous litigation and taxpayers grievances, has issued fresh directions revising monet.....
Tags : Central Board of Direct Taxes, Monetary Limit for Court Appeal
Supreme Court Dismisses IT Department’s Appeal Against RCom(23.11.2016)
Supreme Court has dismissed Income Tax (IT) Department’s appeal seeking to tax proceeds of $1.5-billion Foreign Currency Convertible Bonds (FCCBs) iss.....
Tags : Supreme Court, Income Tax, Foreign Currency Convertible Bonds, Reliance Communications
Madras HC: Sales Tax is Leviable on Sale of REP License(17.10.2017)
Madras High Court has upheld the levy of sales tax on sale of REP license under the provisions of the Tamil Nadu General Sales Tax Act.
Tags : Madras High Court, Tamil Nadu General Sales Tax Act, REP license
Government Notifies that Services Provided by OC Members to RBI is Subject to GST under RCM(17.10.2017)
Central Government has notified that Goods and Services Tax (GST) is payable on supply of services provided by Overseeing Committee (OC) members to RB.....
Tags : Goods and Services Tax, reverse charge mechanism
ITAT Bangalore: No Penalty If Assessee Admitted Income During Search and Paid Tax(07.11.2017)
Income Tax Appellate Tribunal (ITAT), Bangalore held that penalty under Section 271AAA of the Income Tax Act should not be levied if the assessee admi.....
Tags : Income Tax Appellate Tribunal, Section 271AAA of the Income Tax Act
Delhi HC: Assessment Can’t be Re-Opened Merely by Re-Appreciating the Existing Circumstances(08.11.2017)
Delhi High Court while quashing demand against Airtel has observed that re-assessment under Section 147/148 of the Income Tax Act, 1961 cannot be made.....
Tags : Delhi High Court, Income Tax Act, 1961, Airtel
Allahabad High Court Rules that Non-Speculative Business Loss Can be Set off Against Business Income(09.11.2017)
Allahabad HC has ruled that non-speculative business loss can be set off against business income of the assessee under the provisions of the Income Ta.....
Tags : Allahabad HC, Income Tax Act, 1961
Madras High Court: Aadhaar Mandatory for Filing IT Returns(09.11.2017)
Madras HC while rejecting the plea for exemption from quoting Aadhaar number while filing income tax returns has held that the provisions of Section 1.....
Tags : Madras HC, Income Tax Act, aadhaar number, Income Tax Returns
Delhi HC Strikes Down Certain Parts of ICDS Provisions and CBDT Notifications(09.11.2017)
Delhi High Court has struck down Parts II, III, VI, VII and VIII of the Income Computation and Disclosure Standards (ICDS) and certain connected Notif.....
Tags : Delhi High Court, Income Computation and Disclosure Standards, Central Board of Direct Taxes
Madras HC Rejects Plea For Filing I-T Return Sans Aadhaar Number, Enrolment ID(10.11.2017)
Madras High Court has refused to allow filing of Income Tax return without producing Aadhaar number and enrolment ID.
Tags : Madras High Court, Income Tax
Delhi Govt Notifies GST Exemption to Intra-State supply of Heavy Water and Nuclear Fuels(10.11.2017)
Delhi Government has notified that intra-state supply of heavy water and nuclear fuels will be out of the ambit of Goods and Services Tax (GST).
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Government Extends Benefit of Composition Scheme to Persons Providing Exempted Services under GST(17.10.2017)
Government has extended the benefit of composition scheme to the persons providing exempted services under the new Goods and Services Tax (GST) regime.....
Tags : Goods and Services Tax
GSTN Starts Offline Utility for Filing GSTR-3B(23.10.2017)
Goods and Services Tax Network (GSTN) has launched an excel based offline tool for filing GSTR 3B. Taxpayers can download offline utility from GSTN po.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST Rate on Food Packages Distributed to EWS under Govt Approved Programmes Reduced(23.10.2017)
Central Government has notified that only 5% GST is leviable on food preparations put up in unit containers and intended for free distribution to econ.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Madras HC Strikes Down Provision of TNVAT Act Disallowing Input Tax Credit to Jewellers(23.10.2017)
Madras High Court has quashed the order of Commercial Tax department disallowing Input Tax Credit (ITC) to jewelers across Tamil Nadu.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Notifies CGST (Tenth Amendment) Rules(23.10.2017)
Central Government has notified 10th amendment to Central Goods and Services Tax (CGST) Act, 2017. The amended notification says that for claiming ref.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Waives Late Fee for August and September Returns(25.10.2017)
Central Government has clarified that no late fee would be levied on tax payers who failed to furnish the return in FORM GSTR-3B for the month of Augu.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Notifies 0.1% GST on Intra-State Supply of Goods between Registered Persons for Exports(25.10.2017)
Central Government has notified Integrated tax of 0.1% and Central Tax rate of 0.05% on intra-State supply of taxable goods by a registered supplier t.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST Council Slashes Rates for 27 Items(09.10.2017)
GST Council has lowered tax rates on 27 products and a few services and asked a panel of state ministers to examine if 18% GST on air-conditioned rest.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST Council: Exports Are Tax Free for 6 Months(09.10.2017)
GST Council has said that exporters are exempted from the Integrated Goods and Services Tax (IGST) for 6 months.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt: No Further Extension of Last Date for Filing GSTR-1 for July(10.10.2017)
Government has said that there will not be any further extension for filing GSTR-1 for the month of July. The last date for filing GSTR-1 for the mont.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Supreme Court: Lessee Should Collect GST on Sale Value of Mineral Purchased in E-Auction(11.10.2017)
Supreme Court has directed that buyer of the mineral purchased in the e-auction shall pay Goods and Services Tax (GST) on the sale value directly to t.....
Tags : Supreme Court, Goods and Services Tax (GST), One-Nation_One-Tax
Supreme Court Upholds Levy of Entry Tax on Imported/Foreign Goods(12.10.2017)
Supreme Court has upheld levy of Entry Tax on goods imported from any place outside territories of India into a local area for consumption, use or sal.....
Tags : Supreme Court, Entry Tax
Finance Ministry: Leasing of Vehicles Purchased & Leased Prior to GST Rollout Would Attract GST(13.10.2017)
Finance Ministry has clarified that leasing of vehicles purchased and leased prior to 1st July, 2017 would attract GST at a rate equal to 65% of the a.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST:Threshold Limit for Registration Applicable for Persons Making Inter-State Supplies of Services(16.10.2017)
Central Government has notified that persons making inter-State supplies of services having turn over above 20 Lakhs are bound to obtain registration .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST: Only 50 Items to Remain in 28 Percent Slab(10.11.2017)
GST Council has decided to keep only 50 items, mostly demerit, sin and luxury goods in top 28% bracket.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST: 18% Rate for Chewing Gums, Chocolates, After Shave(10.11.2017)
GST Council has said that 18% GST will be levied on chewing gums, chocolates, after shave, deodorant, washing power, detergent, marble.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
No IGST on Import of Specific Sports Goods by Sports Persons of Outstanding Eminence(13.11.2017)
GST Council has exempted the import of specific sports goods by sports persons of outstanding eminence from the ambit of Integrated Goods and Services.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST Council: File Form GSTR-3B by 20th of Succeeding Month Till March, 2018(13.11.2017)
GST Council has said that all taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST Council Reduces Fine for Late Filing of Return to Rs. 20 from Rs. 200 per day(13.11.2017)
GST Council has said that for filing FORM GSTR-3B, the amount of late fee payable by a taxpayer whose tax liability for that month was ‘NIL’ will be R.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Time limit for Filing of Return by Composition Dealer(16.11.2017)
Central Government has notified that the time limit for filing GST return in Form GSTR-4 by the Composition dealer is extended to 24th December 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Due Dates for Filing GSTR-1 by Taxpayers with Aggregate Turnover of More than 1.5 Crore(16.11.2017)
Central Government has extended due dates for furnishing of GSTR-1 for those taxpayers with aggregate turnover of more than Rs.1.5 crores. The due dat.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Due Dates for Filing GSTR-1 by Taxpayers with Aggregate Turnover of Upto 1.5 Crore(16.11.2017)
Central Government has extended due dates for furnishing of GSTR-1 for those taxpayers with aggregate turnover of upto Rs.1.5 crores. The due dates ar.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Due Date for Furnishing GSTR-5 by Non-Resident Taxable Person Extended to 11th December(16.11.2017)
Central Government has extended time limit for furnishing the return by a non-resident taxable person in FORM GSTR-5 under the Goods and Services Tax .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Due Date for Filing GSTR-5A to 15th December(16.11.2017)
Central Government has extended the due date for filing of return in FORM GSTR-5A for the months of July to October, 2017 till 15th December 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Notifies Due Dates for Furnishing FORM GSTR-3B till March 2018(16.11.2017)
Central Government has notified the due dates for furnishing the returns in FORM GSTR-3B till March 2017. As per the Notification, returns for January.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
CBEC Notifies 2.5% CGST for Standalone Restaurants Without Input Tax Credit and 9% for Others(16.11.2017)
Central Board of Excise and Customs (CBEC) has notified that standalone restaurants are liable to pay CGST @ 2.5% whereas other restaurants would pay .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt. Notifies GST Rate of 2.5% on Scientific & Technical Equipments Supplied to Certain Institutions(16.11.2017)
Central Board of Excise and Customs (CBEC) has notified Concessional Goods and Services Tax (GST) rate of 2.5% on Scientific and Technical Equipments .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST on Supply of Raw Cotton by Agriculturist will be Paid by Recipient Under Reverse Charge: CBEC(16.11.2017)
Central board of Excise and Customs (CBEC) has notified that Goods and Services Tax (GST) on supply of Raw Cotton by agriculturist will be liable to b.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST: Govt Extends Due date for filing GST ITC-04(26.10.2017)
Central Government has extended due date for filing ITC-04 for details of goods/capital goods sent to job worker and received back.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Time Limit for Intimation of Details of Stock held Before Opting for Composition Levy(30.10.2017)
Central Government has extended time limit for intimation of details of stock held on the date preceding the date from which option for composition le.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST Registration: FORM GST REG-26 Can Be Filed Till 31st December(30.10.2017)
Central Government has extended due date for filing
application for Final Registration in FORM GST REG-26 is extended to 31st December 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST: Govt Notifies Extension of Due Date for filing FORM GST TRAN – 1(30.10.2017)
Central Government has notified that due date for filing FORM GST TRAN – 1 (with revision facility) extended to 30th November 2017 under Central Goods.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Due Date for Filing GSTR-2 and GSTR-3(31.10.2017)
Central Government has extended due date for filing GSTR-2 and GSTR-3 for the month July to November 30th and 11th December respectively.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt: No GST on Services Supplied to Nepal Against Payment in Indian Currency(31.10.2017)
Central Government has notified exemption to services supplied to Nepal where payments are made in Indian currency to the Indian service providers und.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Deadline for Income Tax Audit & Return Filing to Nov 7(01.11.2017)
Central Government has declared that due date for tax audit and return filing under the provisions of Income Tax Act is extended to November 7th. Earl.....
Tags : Government, Income Tax Audit
Allahabad HC: Writ Court Can’t Revise Order Passed in Revision u/s 11 of U.P. Sales Tax Act(01.11.2017)
Allahabad High Court has held that Writ Court cannot revise order passed in Revision under Section 11 of the U.P Sales Tax Act, 1948.
Tags : Allahabad High Court, Sales Tax
CBDT Issues Norms for Faster Refund in Pending Tax Demand Cases(02.02.2016)
Central Board of Direct Taxes (CBDT) has issued guidelines for expeditious tax refund of up to Rs.5,000 in cases where the department wants to adjust .....
Tags : Central Board of Direct Taxes, Tax Demand Cases
Bombay HC: Don't Pay Tax if Govt. Can't Curb Graft(03.02.2016)
Bombay HC has asked citizens to “refuse to pay taxes by launching a non-cooperation movement“ if Government failed to control corruption.
Tags : Bombay HC , Tax
Government Amends Income Tax Rules, Direct Banks to Obtain PAN of A/cs, Except Savings(09.01.2017)
Income Tax rules have been amended to provide that banks shall obtain and link PAN or Form No 60 (where PAN is not available) in all existing bank acc.....
Tags : Income Tax rules, PAN, Form No 60
Bombay HC Quashes State’s Demand Order Claiming 111.78 Crore Sale Tax From BrahMos(11.01.2017)
Bombay High Court has quashed and set aside a demand order issued to BrahMos Aerospace Pvt Ltd by Maharashtra Sales Tax Department, demanding Rs 117.7.....
Tags : Bombay High Court, BrahMos Aerospace, Sales Tax
Supreme Court Rejects Plea Seeking 'No Tax Exemption' For Political Parties(11.01.2017)
Supreme Court has rejected a petition seeking to quash Section 13(a) of Income Tax Act which confers tax exemption to political parties for income fro.....
Tags : Supreme Court, Political Parties, Tax Exemption
Service Tax Applicable on 60% of Total Amount Billed by Tour Operators From Jan 22(16.01.2017)
Government has changed service tax applicable on tour operators, thereby making it compulsory for tour operators to pay a service tax on 60 per cent o.....
Tags : Government, Service Tax , Tour Operators
5% GST for Food or Drink Supplied in College Canteen/ Mess: Govt(10.01.2018)
Central Government has clarified that supply of food or drink provided by a mess or canteen is taxable at 5% without Input Tax Credit under the curren.....
Tags : Goods and Service Tax
Lok Sabha Passes GST (Compensation to States) Amendment Bill 2017(28.12.2017)
Lok Sabha has passed Goods and Services Tax (Compensation to States) Amendment Bill 2017. The bill seeks to increase maximum rate at which Compensatio.....
Tags : Goods and Service Tax
Govt Notifies CGST (Fourteenth Amendment) Rules, 2017(02.01.2018)
Government has notified Central Goods and Services Tax (Fourteenth Amendment) Rules, 2017, according to which Unique Identity Number in accordance wit.....
Tags : Goods and Service Tax
Govt Waives Late Fee for Delay in Furnishing GSTR-4(02.01.2018)
Central Government has waived the late fee payable u/s 47 of the CGST Act, by any registered person for failure to furnish the return in FORM GSTR-4 b.....
Tags : Goods and Service Tax
GST E-Way Bill Rules Are Applicable From 1st February(02.01.2018)
Central Government has notified 1st February 2018 as due date for implementing E-Way Bill Rules under the Goods and Services Tax (GST) regime.
Tags : Goods and Service Tax
Govt. Notifies Due Dates for Filing GST Returns (Aggregate Turnover of Upto Rs. 1.5 Crore)(02.01.2018)
Govt has notified the last dates for filing returns under GST regime. Registered persons having
aggregate turnover of upto 1.5 crore rupees shall fil.....
Tags : Goods and Service Tax
Govt. Notifies Due Dates for Filing GST Returns (Aggregate Turnover More Than Rs. 1.5 Crore)(02.01.2018)
Last dates for filing GST returns for persons having aggregate turnover of more than 1.5 crore rupees shall file monthly return in form GSTR-1 for the.....
Tags : Goods and Service Tax
SEBI Bars 22 Entities for Tax Evasion via Bourses(18.02.2016)
Securities and Exchange Board of India (SEBI) has barred 22 entities from the market for their role in using stock options to generate artificial capi.....
Tags : Securities and Exchange Board of India, Tax Evasion
I-T Clarification on US Tax Law Enforcement(22.02.2016)
Income Tax Department has clarified that all upcoming reporting in May 2016 for purpose of adhering to the US Foreign Account Tax Compliance Act (FATC.....
Tags : Income Tax Department, US Foreign Account Tax Compliance Act
Maharashtra Govt Mandates E-Way Bill for Inter-State Supplies from 1st February(23.01.2018)
Government of Maharashtra has made 'E-Way Bill' mandatory in State for Inter-State Supplies from 1st February, 2018.
Tags : Goods and Service Tax
Tax Arrears of Deceased Assessee Can’t be Recovered Out of Wife's Personal Property: Gujarat HC(23.01.2018)
Gujarat High Court has said that Tax Arrears of a deceased assessee cannot be recovered out of the personal properties of wife.
Tags : Gujarat High Court, Income Tax
State/ UT GST Officers Can Process Refund Applications Filed in FORM GST RFD-01(24.01.2018)
Central Government has said that the officers appointed under the respective SGST Act, 2017 or the UGST Act, 2017 are authorized to act as officers fo.....
Tags : Goods and Service Tax
GST: Govt Notifies Common Portals for E-Way Bill(24.01.2018)
Central Government has notifed www.gst.gov.in as the Common GST e-Portal for facilitating registration, payment of tax, furnishing of returns and comp.....
Tags : Goods and Service Tax
Govt Notifies Reduction in Late Fee for GST Returns(24.01.2018)
Central Government has notified that the late fee for filing of GSTR-1, GSTR-5, GSTR-5A & GSTR-6 has been reduced to Rs. 50 per day.
Tags : Goods and Service Tax
Govt. Extends Due Date for Filing GSTR-6 by Input Service Distributors(24.01.2018)
Central Government has extended the last date for filing GSTR-6 by Input Service Distributors under the GST regime. As per the notification, the tax p.....
Tags : Goods and Service Tax
Government Sets-Up Tax Policy Research Unit and Tax Policy Council(03.02.2016)
Government has set-up Tax Policy Research Unit and Tax Policy Council to bring consistency, multidisciplinary inputs, and coherence in Tax Policy.
Tags : Government, Tax Policy Research Unit , Tax Policy Council
Income Tax Department Issues Guidelines for E-Communication to Tax Payers(05.02.2016)
Government, in order to ease communication with the Income-Tax Department, has allowed tax payers to reply to notices using their registered email add.....
Tags : Income Tax Department , Tax Payers
CBDT: No TDS or Advance Tax Credit For Disclosure Made Under PMGKY(19.01.2017)
Central Board of Direct Taxes (CBDT) has clarified that no credit will be allowed against advance tax paid or Tax Deducted at Source (TDS) or Tax Coll.....
Tags : Central Board of Direct Taxes, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme, TDS, TCS
Supreme Court Seeks Govt Reply Over Vacancies in ITAT(24.01.2017)
Supreme Court has sought Government's response on plea seeking appointment of President and Vice Presidents in different Benches of Income Tax Appella.....
Tags : Supreme Court, Income Tax Appellate Tribunals, Vacancy ,
Madras HC Stays Income Tax Case Against Chidambaram, Family(27.01.2017)
Madras High Court has stayed proceedings initiated by Income Tax Department against former Union Minister P. Chidambaram, his wife and Senior Advocate.....
Tags : Madras High Court, P. Chidambaram, Income Tax
Interest Income from Capital Gains Bonds is Taxable as ‘Other Income’: ITAT Mumbai(07.02.2018)
Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that interest income earned from capital gains bonds would be taxable under the head oth.....
Tags : Income Tax Appellate Tribunal
Delhi HC Asks Centre and Police: Are Taxpayers in Delhi Getting Safety in Return?(21.01.2016)
Delhi High Court has asked Centre and Police, “people in Delhi are paying taxes but are they getting safety in return" and irked over Union Government.....
Tags : Delhi HC, Taxpayers
PAN Mandatory For Excise, Service Tax Payers For GST Registration(09.01.2017)
Tax Department has made it mandatory for central excise duty and service tax payers to obtain valid PAN number before they can be migrated to new Good.....
Tags : Tax Department, Excise, Service Tax, GST Registration
No Sales Tax on Drugs, Med., Equipment Used in Course of Treatment at Hospital: Sales Tax Tribunal(18.12.2017)
Maharashtra Sales Tax Tribunal has ruled that no sales tax can be levied on drugs, medicines, stents and other goods used in the course of medical tre.....
Tags : Maharashtra Sales Tax Tribunal
GST Council Clears E-Bill Mechanism For Transfer of Goods(18.12.2017)
GST Council has decided to implement the e-way bill mechanism throughout the country by June 1 after reviewing the readiness of IT network. Under the .....
Tags : Goods and Service Tax
Gauhati HC Stays Service Tax Demand Made Post-GST Rollout(19.12.2017)
Gauhati High Court has stayed a show cause notice issued by the department demanding service tax from the petitioner M/s Mascot Entrade Pvt Ltd for wa.....
Tags : Goods and Service Tax
Advance Payment of Sales Tax Credited under ‘Sales-Tax Recoverable A/c’ is not Deductible: Delhi HC(20.12.2017)
Delhi High Court has ruled that Advance Payment of Sales Tax credited under ‘Sales-tax Recoverable A/c’ is not deductible from the taxable income.
Tags : Delhi High Court, Sales Tax
GST: Rajasthan Govt Notifies E-Way Bill(20.12.2017)
Rajasthan State Government has notified the Electronic Bill under the Goods and Services Tax (GST).
Tags : Goods and Service Tax
Allahabad HC Directs to Re-Open the Facility to File TRAN-1 in GST Portal(25.01.2018)
Allahabad High Court has directed the Government to re-open the Goods and Services Portal in order to enable the tax payer to file TRAN-1.
Tags : Goods and Services Tax
Mobile Chargers Sold With Mobile Phones Can’t be Taxed Separately: Allahabad HC(25.01.2018)
Allahabad High Court has held that no separate rate of tax is leviable on selling mobile chargers along with mobile phones under a composite package.
Tags : Goods and Services Tax
No 'GST Compensation Cess' on Old and Used Motor Vehicles: CBEC(29.01.2018)
Central Board of Excise and Customs (CBEC) has exempted old and used cars from the levy of GST Compensation Cess.
Tags : Goods and Services Tax
CBEC: 5% GST on Supply of Goods Classified Under Chapter 86 to Railways(29.01.2018)
CBEC has clarified that when goods classified under chapter 86 is supplied to railways, it attracts 5% GST. However, noramal GST rates are applicable .....
Tags : Goods and Services Tax
Govt Notifies GST Exemption to Government’s Share of Profit Petroleum(29.01.2018)
Central Government has notified exemption to its share of profit petroleum paid to the Centre from the Goods and Services Tax (GST).
Tags : Goods and Services Tax
Govt Prescribes Special Procedure for Construction Services Against Transfer of Development Rights(29.01.2018)
Government has prescribed a special procedure for construction services against transfer of development rights to a developer, builder, construction c.....
Tags : Goods and Services Tax
Govt: RCM Applicable to Service of Renting of Immovable Property by Govt to Registered Persons(29.01.2018)
Government has notified that the supply of service of immovable property by the the Central Government, State Government, Union territory or local aut.....
Tags : Goods and Services Tax
Govt Notifies Change of GST Rates on Goods, Services(29.01.2018)
Central Government, in line with the recommendations of the GST Council, has notified change of rate on Goods and Serives.
Tags : Goods and Services Tax
PAN Must for Cash Payment of Hotel Bill over Rs 50,000 from Tomorrow(31.12.2015)
Furnishing PAN has been made mandatory from tomorrow for cash transactions such as hotel or foreign travel bills exceeding Rs 50,000. Department of In.....
Tags : PAN , Department of Income Tax
Delhi HC Stays Fresh Tax Demand on Vodafone(04.01.2016)
Delhi High Court has directed Income-Tax (I-T) department not to give effect to any fresh assessment against Vodafone for assessment year 2011-12 till.....
Tags : Delhi High Court, Income-Tax (I-T) department , Vodafone
CBDT Issues New Income Tax Reporting Norms for High Value Transactions(04.01.2016)
Central Board of Direct Taxes (CBDT) has notified norms under which cash receipts and high value transactions beyond a certain threshold will have to.....
Tags : Central Board of Direct Taxes, High Value Transactions
SC: Erstwhile Rulers Need Not Pay Tax On Income From Leasing Palaces(13.12.2016)
Supreme Court has held that Erstwhile rulers are not required to pay tax on income earned by letting out a portion of their residential palace.
Tags : Supreme Court, Erstwhile rulers, residential palace, income tax
Taxation Laws (Second Amendment) Act, 2016 Receives President’s Assent(16.12.2016)
Taxation Laws (Second Amendment) Bill, 2016 which was passed by Lok Sabha on 29.11.2016 has received President’s Assent.
Tags : Taxation Laws (Second Amendment) Bill, 2016
Supreme Court: All Buildings Carrying Mobile Towers Can be Charged Property Tax(16.12.2016)
Supreme Court of India has declared that all buildings carrying mobile towers can be charge property tax as everything that falls under definitions of.....
Tags : Supreme Court , property tax, buildings, mobile towers
CBEC Releases Format for Filing Anti-Profiteering Application(07.12.2017)
Central Board of Excise and Customs has released the format for filing of Anti-Profiteering application under the Goods and Services Tax (GST) law.
Tags : Goods and Service Tax
No TDS Since Roaming Charges Is Not Fee for Technical Services: ITAT, Chennai(07.12.2017)
Income Tax Appellate Tribunal (ITAT), Chennai has held that roaming charges cannot be considered as fee for technical services, hence there is no need.....
Tags : Income Tax
Madras High Court Upholds Legal Provision Against Foreign Tax Havens(14.04.2016)
Madras High Court has upheld the Constitutional validity of Section 94A(1) of the Income Tax Act, 1961 which empowers the Government to declare any co.....
Tags : Madras High Court, Tax haven
MoF Grants Exemptions from Service Tax on Certain Services Provided by Govt. and Local Authorities(15.04.2016)
Ministry of Finance (MoF) has granted business entities exemption from service tax on certain services provided by Govt. and local authorities. Over r.....
Tags : Ministry of Finance , Service Tax
Delhi HC Issues Notice to Delhi Govt. over Petition Filled by Radio-Taxi Operator Employee(19.04.2016)
Delhi HC has issued notice to Delhi Govt. over a petition filed by an employee of radio-taxi operator ‘Magic Sewa’ against “unlicenced taxi aggregator.....
Tags : Delhi HC , Delhi Govt. , Radio-Taxi Operator
Allahabad HC Put Stay on Notification on Service Tax on Lawyers(19.04.2016)
Allahabad High Court has put stay on notification issued by Central Board of Excise and Customs (CBEC), imposing service tax on senior advocates. This.....
Tags : Allahabad High Court, CBEC, service tax
GSTN Comes Within the Ambit of RTI Act: CIC(05.03.2018)
Central Information Commission (CIC) has held that the Goods and Services Tax Network (GSTN) will come well within the purview of the Right to Informa.....
Tags : Goods and Services Tax
CBEC Mandates ‘ e-SANCHIT ‘ for Online Filing of Documents from 15th March(05.03.2018)
Central Board of Excise and Customs (CBEC) is all set to implement its new facility 'e-SANCHIT' enabling the registered persons to file documents onli.....
Tags : Goods and Services Tax
Packaging of Goods is ‘Part of Manufacture’, Service Tax Not Leviable: CESTAT, Delhi(05.03.2018)
Central Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has declared that packaging of goods are part of manufacture for which, service tax .....
Tags : Service Tax
Govt Amends GST Settlement of Funds Rules(08.02.2018)
Central Government has notified the Goods and Services Tax (GST) Settlement of Funds Rules, 2017 that allows Central Government to provisionally settl.....
Tags : Goods and Services Tax
RBI Grants Relief to MSME Borrowers Registered Under GST(08.02.2018)
Reserve Bank of India (RBI) has notified that the exposure of banks and NBFCs to a borrower classified as micro, small and medium enterprise shall con.....
Tags : Goods and Services Tax
GST: Superintendents of Central Tax Can Issue SCN Under CGST & IGST Acts(12.02.2018)
Central Board of Excise and Customs (CBEC) has said that the Superintendents of Central Tax shall also be empowered to issue show cause notices and or.....
Tags : Goods and Services Tax
GST: ‘Way Bill’ Mandatory for Intra-State Movement of Goods in Telangana(12.02.2018)
State Government of Telangana has notified the document known as “Way Bill” which should be issued by the registered person for intra-State movement o.....
Tags : Goods and Services Tax
Supreme Court Denies Relief to Suspended Senior IT Official in DA Case(15.02.2018)
Supreme Court has refused to interfere with the time frame fixed by the Uttarakhand High Court for disposal of a disproportionate asset case against a.....
Tags : Supreme Court, Income Tax
Deduction U/S 80-IB is Permissible Even If Construction is Not Acc. to Approved Plan: Bombay HC(15.02.2018)
Bombay High Court has held that the deduction under section 80-IB is available to the assessee-Builder, even if the construction is not according to t.....
Tags : Bombay High Court, Builder, Income Tax
GSTO/AC Authorized to Process Refund Claims Under Delhi GST Act(16.02.2018)
State Government of Delhi has assigned Assistant Commissioner and the Goods and Services Tax Officer (GSTO) to process the refund claims under the Del.....
Tags : Goods and Services Tax
Gujarat Exempts Intra-State Supply of Goods from E-Way Bill(30.01.2018)
State Government of Gujarat has exempted almost all intra-State supply of goods from the generation of e-way bill under the Goods and Services Tax Reg.....
Tags : Goods and Services Tax
Kerala HC:Interest for Default in Payment of Advance Tax to be Levied till Revisional Order is Passed(31.01.2018)
Kerala High Court has held that if refund of advance tax is made but re-assessment leads to determination of escapement of income, such a situation ju.....
Tags : Kerala High Court, Advance Tax
GST: No E-Way Bill for Intra-State Supplies in Rajasthan(01.02.2018)
State Government of Rajasthan has notified that no E-Way Bill is required for intra-State supply of goods in the State.
Tags : Goods and Services Tax
GST: Assam Notifies Effective Dates for Rollout of E-Way Bill(01.02.2018)
State Government of Assam has notified that traders should carry E-Way Bill for Inter-State purchase from Feb. 1, 2018. However, for intra-State suppl.....
Tags : Goods and Services Tax
GST: Chattisgarh Exempts E-Way Bill for Intra-State Supplies till 1st March(01.02.2018)
State Government of Chattisgarh has said that E-Way Bill will not required for intra-State supplies in the State till 1st march 2018.
Tags : Goods and Services Tax
Supreme Court: Rule 8D of Income Tax Rules Prospective in Operation(05.02.2018)
Supreme Court has affirmed a Bombay High Court judgment holding that Rule 8D of Income Tax Rules is prospective in operation and could not have been a.....
Tags : Supreme Court, Income Tax
GST: Govt Notifies Postponement of E-Way Bill(05.02.2018)
Government has notified the postponement of E-Way Bill under the Goods and Services Tax (GST) regime. However, the next rollout date has not been pres.....
Tags : Goods and Services Tax
Govt. Increases Monetary Limit for Challenging Tax Cases(26.04.2016)
Finance Ministry has raised monetary limit for filing appeals in indirect tax cases to Rs 10 lakh in appellate tribunal, and Rs 15 lakh in High Courts.....
Tags : Finance Ministry , Tax Cases
Central Board of Direct Taxes: IT Department to Pay Interest on TDS Refund(27.04.2016)
Central Board of Direct Taxes has issued directive and said that Income Tax department will now add interest amount to a delayed refund made on excess.....
Tags : Central Board of Direct Taxes , TDS Refund
CBDT: Assesse Having Annual Income of over Rs 50 Lakh Must Declare Cost Price of Expensive Assets(05.05.2016)
Central Board of Direct Taxes (CBDT) has said people with annual income of over Rs 50 lakh will have to disclose the acquisition cost of all the asset.....
Tags : Central Board of Direct Taxes
ITAT Delhi Orders Cairn UK to Pay Rs 10,000 Cr Tax For Transfer of Shares to Cairn India(15.03.2017)
Income Tax Appellate Tribunal, Delhi (ITAT), has ordered UK's Cairn Energy Plc to pay Rs 10,000 crore capital gains tax on transfer of ownership from.....
Tags : Income Tax Appellate Tribunal, Delhi, Cairn India
Hyderabad High Court Upholds Dual Entertainment Tax Policy in AP(21.03.2017)
Hyderabad High Court, while holding that a State is within its rights to promote trade, commerce and employment on its soil, has upheld a notificatio.....
Tags : Hyderabad High Court, entertainment tax
GST: E-Way Bill Mandatory for Intra-State Supplies in Haryana from April 20th(17.04.2018)
Haryana State Government has decided to implement e-way Bill for intra-State movement of goods within the State from April 20th.
Tags : Goods and Services Tax
Govt: Composition Dealers Need Not Furnish Details of Inward Supplies(18.04.2018)
Finance Ministry has clarified that Composition Dealers need not furnish details of inward supplies from registered supplier in FORM GSTR – 4.
Tags : Goods and Services Tax
GST: Maharashtra Govt Prescribes Norms for Online Filing of LUTs(05.03.2018)
Maharashtra State Government has enabled the facility of online submission of Letter of Undertaking (LUTs)by the taxable person who makes the zero-rat.....
Tags : Goods and Services Tax
No TDS Liability Since Commission to Foreign Agent is Not Subject to Income Tax in India: ITAT(06.03.2018)
Kolkata bench of Income Tax Appellate Tribunal (ITAT) has ruled that there is no Tax Deducted at Source ( TDS ) liability in the hands of the Assesse.....
Tags : Income Tax
No GST If Cash Calls are Merely Transaction in Money: CBEC(07.03.2018)
Central Board of Excise and Customs (CBEC) has clarified the liability to pay tax on the taxable services provided by the members of the Joint Venture.....
Tags : Goods and Services Tax
Salaried Persons Not Required to Maintain Books of Accounts: ITAT, Kolkata(07.03.2018)
Kolkata bench of ITAT has ruled that a salaried person is not required to maintain books of accounts unless he is engaged in business or profession.
Tags : Income Tax
Govt Extends Due Date for Filing TRAN 2 Till 31st March(08.03.2018)
Central Government has extended the due date for filing of TRAN-2 by the taxpayers under the Goods and Services Tax (GST) regime.
Tags : Goods and Services Tax
Uniform Tax Rate Under KVATA Applicable to Works Contracts Prior to 1st April 2006: SC(08.03.2018)
Supreme Court has categorically held that the works contracts prior to 1st April 2006 cannot be taxed at rates prescribed after the amendment in the K.....
Tags : Value Added Tax
Uniform Tax Rate Under KVATA Applicable to Works Contracts Prior to 1st April 2006: SC(08.03.2018)
Supreme Court has categorically held that the works contracts prior to 1st April 2006 cannot be taxed at rates prescribed after the amendment in the K.....
Tags : Value Added Tax
CBDT: Publishing Houses Eligible to Claim Additional Depreciation(24.05.2016)
Central Board of Direct Taxes (CBDT) has clarified that publishing houses can claim additional depreciation on plant and machinery deployed by them as.....
Tags : Central Board of Direct Taxes, Additional Depriciation, publishing houses
CBDT Issues Draft Rules to Compute Fair Market Value of Foreign Firms(24.05.2016)
Central Board of Direct Taxes (CBDT) has taken the steps for implementing the controversial ‘indirect transfer’ provisions by issuing draft rules to s.....
Tags : Central Board of Direct Taxes, indirect transfer’ provisions
Goods and Services Tax (Compensation to States) Bill, 2017 Gets President Nod(13.04.2017)
Goods and Services Tax (Compensation to States) Bill, 2017 that aims to compensate States for loss of revenue due to implementation of GST has receive.....
Tags : Goods and Services Tax (Compensation to States) Bill, 2017
GST: President Gives Nod to Four GST Bills, One-Nation_One-Tax Regime Roll Out Likely From July 01(13.04.2017)
President Pranab Mukherjee has given his approval to four supporting legislations related to Goods and Services Tax (GST), paving way for roll out of .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Government Notifies First Appellate Authority Under Delhi GST Act(15.05.2018)
Delhi Government has notified the First Appellate Authority under Delhi Goods and Services Tax Act wherein the Commissioner (State Tax) authorized all.....
Tags : Goods and Services Tax
Govt Waives Late Fee for FORM GSTR-3B for Taxpayers Subject to Conditions(15.05.2018)
Central Government has notified waiver of the Late Fee for FORM GSTR-3B by those registered persons whose declaration in FORM GST TRAN-1 was submitted.....
Tags : Goods and Services Tax
CBDT Notifies Tax Exemption to Startups from 'Rigour' of Section 56(2)(viib) of Income Tax Act(20.06.2016)
Central Board of Direct Taxes (CBDT) has notified tax exemption on investments above fair market rate for startups. The exemption is provided to start.....
Tags : Central Board of Direct Taxes, section 56(2)(viib) of Income Tax Act, startups
Finance Ministry: No Audit for Turnover of Up to Rs 2 Crore if Opted Presumptive Taxation Scheme(21.06.2016)
Finance Ministry has said that small businesses with a total turnover of up to Rs 2 crore will not be required to get their accounts audited if they o.....
Tags : Finance Ministry, presumptive taxation scheme, Audit
Income-Tax Tribunal: Gains from Penny Stocks Not Bogus(22.06.2016)
Income-Tax Tribunal has ruled that gains from penny stocks cannot be termed as bogus just because the Securities and Exchange Board of India is inquir.....
Tags : Income-Tax Tribunal , Securities and Exchange Board of India , Penny Stocks
CBDT Grants TDS Exemption for Seven Transactions(23.06.2016)
Central Board of Direct Taxes (CBDT) has helped improve cash flows for Payment System Companies by exempting seven types of transactions from TDS obli.....
Tags : Central Board of Direct Taxes , TDS, Payment System Companies
CBDT Eases Rules for TDS Claims by Non-Resident Companies(29.06.2016)
Central Board of Direct Taxes (CBDT) has come out with Rule 37BC, which gives relaxation to Non-Residents from furnishing PAN number in India while cl.....
Tags : Central Board of Direct Taxes, Rule 37BC, TDS Claims
Angel Investments in Small Start-ups Get Tax Exemption(28.05.2018)
Income Tax Department has exempted from tax the investments that small start-ups receive from angel investors above their fair valuation.
Tags : Income Tax Department, Start-ups
Haryana Govt. Notifies Norms for Manual processing of Refund Under GST Regime(29.05.2018)
Haryana Government has notified the rules for application and processing of refund under the Haryana Goods and Service Tax (GST) Act.
Tags : Goods and Services Tax
CBDT Relaxes Taxation Norms for Bonds, Debentures Held by Companies(23.03.2016)
Central Board of Direct Taxes (CBDT), while easing the norms, has said capital gains tax will be computed from the date of acquisition of financial in.....
Tags : Central Board of Direct Taxes , Bonds, Debentures
Income Tax Dept Notifies New Return Forms for 2016-17 for Wealthy Individuals(01.04.2016)
Income Tax Dept has notified new tax return forms for 2016-17, which require wealthy individuals to mandatorily disclose details about assets like lan.....
Tags : Income Tax Dept , Wealthy Individuals, New Return Forms
Madras HC: Amendment to TN Motor Vehicles Act Unconstitutional(06.04.2016)
Madras High Court has declared that the amendment made to Tamil Nadu Motor Vehicles Taxation Act,1974, by the government, which imposed a tax on omni .....
Tags : Madras High Court, Tamil Nadu Motor Vehicles Taxation Act,1974
Delhi High Court: Cable Operators Liable to Collect, Pay Entertainment Tax to Govt(10.03.2017)
Delhi High Court has held that multi-system operators and local cable operators distributing TV signals directly to subscribers are liable to collect .....
Tags : Delhi High Court, Entertainment Tax, Cable Operators
5% GST for Railway Catering Services in Trains & Stations: Govt(09.04.2018)
Government has clarified that 5% uniform rate of Goods and services Tax (GST) is applicable to all railway catering services in trains or on stations.
Tags : Goods and Services Tax
Delhi High Court: Allow Lawyers to File I-T Return Sans Aadhaar(10.04.2018)
Delhi High Court has ordered the Income Tax Department to allow lawyers to file tax returns without their details of Aadhaar card.
Tags : Delhi High Court, Income Tax
Govt. Amends Income Tax Rules, Inserts New Column for Transgenders in PAN Application Form(10.04.2018)
Central Board of Direct Taxes (CBDT) has introduced a new column for Transgenders in PAN Application Form i.e., Form 49A and Form 49AA by amending the.....
Tags : Income Tax, PAN
Jharkhand High Court Notices State Over Abrupt Hike in Holding Tax(20.02.2017)
Jharkhand High Court has issued a notice to State Government and sought its reply in response to a PIL challenging holding (property) tax hike in urba.....
Tags : Jharkhand High Court, Holding Tax
ITAT, Delhi: Propagation of Yoga Qualifies as Medical Relief(21.02.2017)
Delhi bench of Income Tax Appellate Tribunal (ITAT) has granted exemption status under Sections 11 and 12 of the Income Tax Act to Baba Ramdev’s Patan.....
Tags : Income Tax Appellate Tribunal, Patanjali
Seizure Under UP GST Act Involving Inter-State Transactions is Permissible: Allahabad High Court(22.03.2018)
Allahabad High Court has held that the seizure of goods under the Uttar Pradhesh Goods and Services Tax Act involving an inter-State transaction is va.....
Tags : Allahabad High Court, Goods and Services Tax
Kerala HC Permits Release of Goods by Furnishing Simple Bond, Directs Expedite Adjudication(23.03.2018)
Kerala High Court has permitted the assessee to release goods detained by the State GST department by furnishing a simple bond. The Court also directe.....
Tags : Kerala High Court, Goods and Services Tax
Govt Amends Rules relating to Anti-Profiteering Authority(26.03.2018)
Central Board of Excise and Customs (CBEC) has notified the Central Goods and Services Tax Rules (Third Amendment) by amending the rules relating to a.....
Tags : Goods and Services Tax
Government: E-way Bill Rollout from Apr 1, GSTR-3B to be Filed Till June(26.03.2018)
Government has notified April 1 as the implementation date for e-way bill, which will be required for transporting goods valued over Rs 50,000 between.....
Tags : Goods and Services Tax
Ice Cream Can’t be Treated as ‘Cooked food’, Taxable at a Higher Rate: Kerala High Court(27.03.2018)
Kerala High Court has held that Ice-Cream cannot be treated as cooked food and therefore, a higher rate of tax is applicable to it.
Tags : Kerala High Court, Tax
ITAT, Ahmedabad: Salary Deducted For Not Serving Notice Period is Not Taxable Income(03.05.2017)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled that an amount deducted from an employee's salary for not serving out a notice period cannot.....
Tags : Income Tax Appellate Tribunal, Notice Period
SC: Word ‘Payable’ In Section 40(A) (ia) of Income Tax Act Also Covers Amount Already 'Paid'(04.05.2017)
Supreme Court has held that though the word used in Section 40(a)(ia) of Income Tax Act, is ‘payable’, it would also cover situations where amount i.....
Tags : Supreme Court, Income Tax Act, Section 40(A) (ia)
Generation of E-Way Bill Depend on Interstate-Movement of Goods, Not Supply: CBIC(12.06.2018)
Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that the generation of E-Way bill is not dependent on whether a supply is inter-sta.....
Tags : Goods and Services Tax
GST: Govt Extends Special Refund Fortnight till 16th June(13.06.2018)
Central Board of Indirect Taxes and Customs (CBIC) has extended the refund fortnight for fast track clearance of pending dues to exporters by two days.....
Tags : Goods and Services Tax
Interest-free Loan from Employer Taxable: ITAT, Mumbai(13.06.2018)
Income Tax Appellate Tribunal, Mumbai (ITAT) has said that interest-free loans extended by an employer are taxable in the hands of an employee as a pe.....
Tags : Income Tax, Loan
Government Extends Time Limit for Clearing GST Practitioners Enrollment Exam(14.06.2018)
Government has extended the period within which the persons who have applied for enrollment of GST Practitioners shall pass the exam from one year to .....
Tags : Goods and Services Tax
GST: Government Notifies Changes in GST Returns w.e.f 1st July(14.06.2018)
Government has amended the rules relating to refund on account of inverted duty structure, refund of input tax credit etc applicable from 1st July 201.....
Tags : Goods and Services Tax
GST: Govt Notifies List of Goods Which May be Disposed off Post-Seizure(14.06.2018)
Central Board of Indirect Taxes and Customs (CBIC) has specified the list of goods which may be disposed off by the proper officer post seizure under .....
Tags : Goods and Services Tax
#GST: Council Exempts 83 Services From GST Regime, Fits About 500 Services Under Four Slabs(22.05.2017)
Rail, air and road transport will fall in the 5 per cent tax slab. Hotels with tariff under Rs 1,000 will be exempt from GST, those between Rs 1,000-2.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
#GST Council: Legal Services, Education, Health are Tax Free Under GST(22.05.2017)
Services by Government, Local authorities, RBI, educational institutions, incubate, services by way of slaughtering animals, insurance services and se.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
Odisha Paves Way For July 1 GST Rollout, Passes State GST Bill(22.05.2017)
Odisha State Legislative assembly has unanimously passed State Goods and Services Tax (SGST) Bill, 2017 and VAT Bill, 2017.
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
GST: CBIC Amends Anti-profiteering Rules(09.07.2018)
Central Board of Indirect taxes and Customs (CBIC)has amended provisions relating to anti-profiteering authority under Central Goods and Services Tax .....
Tags : Goods and Services Tax
Property Tax Paid in Respect of Leased Property is Allowable as Expenditure: ITAT(09.07.2018)
Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that tenant is eligible for deduction in respect of the amount of property tax paid on le.....
Tags : Income Tax, Lease, Property
Payments Made for Air Freight Not Taxable in India: ITAT, Delhi(09.07.2018)
Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that payments made for Air Freight by the assessee (company) to such airline companies or.....
Tags : Income Tax, Air Freight
Madras High Court Quashes I-T Order Against Kalanithi Maran(29.03.2018)
Madras High Court has set aside an order of the income tax department declaring him as the principal officer of Spicejet Ltd, thereby making him liabl.....
Tags : Madras High Court, Income Tax
Tamil Nadu Temporarily Exempts E-Way Bill from Intra-State Supply(30.03.2018)
Tamil Nadu State Government has clarified that e-way bill is not required for intra-State movement of goods in the State of Tamil Nadu till any furthe.....
Tags : Goods and Services Tax
Gujarat Govt Notifies Exemption from E-way Bill for Intra-State Movement(30.03.2018)
Gujarat Government has notified that no e-way bill is required for intra-State movement of goods.
Tags : Goods and Services Tax
Govt Extends Due Date for Filing Refund Application by Notified Agencies(30.03.2018)
Central Government has extended the due date for filing of the application for the refund under section 55 of the Central Goods and Services Tax (CGST.....
Tags : Goods and Services Tax
Govt Extends Due Date for Filing GSTR 6 by Input Service Distributors(30.03.2018)
Central Government has extended the last date for filing GSTR 6 by Input Service Distributors for the months of July 2017 to April 2018 until the 31st.....
Tags : Goods and Services Tax
Govt Extends Due Date for Filing GSTR-1(30.03.2018)
Central Board of Excise and Customs (CBEC) has extended the time limit for filing of GSTR-1 for both entities who have turnover up to 1.5 crores and m.....
Tags : Goods and Services Tax
Govt Extends Due Date for filing TRAN-2(30.03.2018)
Central Government has extended the due date for filing of TRAN-2 which can now be filed till 30th June 2018.
Tags : Goods and Services Tax
Tax-free Gratuity Ceiling Raised to Rs 20 Lakh(30.03.2018)
Government has notified doubling of the limit of tax-free gratuity to Rs 20 lakh in private sector.
Tags : Goods and Services Tax
Temporary Vehicle No. Allowable for Generating E-Way Bill: GSTN(02.04.2018)
Goods and Services Tax Network (GSTN) has clarified that the taxpayers can use the temporary vehicle number for generating E-way Bill.
Tags : Goods and Services Tax
New Income Tax Return Form for Salaried Class Available in Portal: IT Dept(19.04.2018)
Income Tax Department has said that the latest ITR-1 form, largely used by the salaried tax payers is now available in the official portal for e-filin.....
Tags : Income Tax
GST: Six More States to Roll Out Intra-State e-Way Bills from April 20(19.04.2018)
Finance Ministry has said that e-Way Bill system for intra-State movement of goods would be implemented from 20th April, 2018 in the States of Bihar, .....
Tags : Goods and Services Tax
Govt Notifies Amended Rules Relating to GST Refund(19.04.2018)
Central Board of Indirect Taxes and Customs (CBIC) has notified the Central Goods and Services Tax Rules (Fourth Amendment) by amending the rules 89(5.....
Tags : Goods and Services Tax
Colorado Supreme Court Upholds Legality of Taxes for Special Districts(24.04.2018)
Colorado Supreme Court has upheld the constitutionality of a state law that added sales taxes to some items to benefit public transportation and cultu.....
Tags : Colorado Supreme Court, Sales Tax
TDF Forms Not Required for Inter-State Supply of Goods: Allahabad High Court(24.04.2018)
Allahabad High Court has held that T.D.F. forms are not required to be carried as the Central Government, who is the only authority empowered to presc.....
Tags : Goods and Services Tax
Maharashtra Postpones E-Way Bill Rollout to 31st May(01.05.2018)
Maharashtra government has postponed the implementation of the e-way bill regime till May 30.
Tags : Goods and Services Tax
Collection of Post-dated Cheques During Inspection Not Permissible Under GST: Gujarat HC(01.05.2018)
Gujarat High Court has said that the practice of collecting post-dated cheques during inspection is not permissible under the Goods and Services Tax .....
Tags : Goods and Services Tax
Delhi HC: Penalty Proceedings to Continue in Vodafone Tax Case(30.06.2016)
Delhi HC has allowed penalty proceedings by Income Tax Department to continue against Vodafone Mobile Services Ltd, but stayed operation of the final .....
Tags : Delhi HC, Vodafone Tax Case
I-T Department Notifies Rules for Foreign Tax Credit(01.07.2016)
Income-Tax Department has notified rules for Foreign Tax Credit, providing clarity on tax credit available to Indian resident taxpayers on foreign inc.....
Tags : Income-Tax Department, Foreign Tax Credit
Govt. Fixes Deadline for Retro Tax Settlement Window(12.07.2016)
Government has fixed December 31, 2016 as deadline to multinational companies to settle their tax issues that arose as result of retrospective amendme.....
Tags : Government , Tax Settlement Window
Supreme Court to Aadhaar Critics: Can a Person Pay Taxes the Way He Wants?(04.05.2017)
Supreme Court has asked if a tax payer can say that he would pay taxes not according to tax regime put in place by Government but the way he would lik.....
Tags : Supreme Court, Tax
Income Tax Department Activates e-filing Facility for All ITRs(05.05.2017)
Income Tax Department has activated e-filing facility for all categories of Income Tax Returns (ITRs) for assessment year 2017-18.
Tags : Income Tax Department, e-filing
Haryana Assembly Clears Haryana Goods and Services Tax (GST) Bill(05.05.2017)
Haryana Assembly has passed Haryana Goods and Services Tax (GST) Bill, 2017 paving way for roll out of GST from July 1.
Tags : Haryana Assembly, Haryana Goods and Services Tax (GST) Bill
Gujarat High Court: Tele Companies Must Pay Property Tax For Towers in Rural Areas(09.05.2017)
Gujarat High Court has held that telecommunication service providers are liable to pay property tax for erection of towers in rural areas as well.
Tags : Gujarat High Court, Property Tax, Towers
Surcharge Can’t be Levied on Retailers on Basis of Stock Imported into State: Kerala HC(27.06.2018)
Kerala High Court has held that levy of Surcharge on Retailers on the basis of stock imported into the State under Section 3(1A) of Kerala Surcharge o.....
Tags : Kerala High Court, Surcharge, Taxes
ITAT Kolkata: Shareholding by Subsidiary Co. Irrelevant While Considering ‘Deemed Dividend’ Liability(09.06.2017)
ITAT Kolkata has held that shareholding by Subsidiary Company is irrelevant while considering ‘deemed dividend’ liability of Holding Company under sec.....
Tags : ITAT Kolkata, Income Tax Act
ITAT Hyderabad: Return by Govt Agency Can't be Rejected For Not Furnishing Audit Report(09.06.2017)
Income Tax Appellate Tribunal (ITAT), Hyderabad has held that income tax return filed by a Government agency cannot be rejected by authorities merely .....
Tags : Income Tax Appellate Tribunal, Audit Report
CBDT Notifies New Safe Harbour Regime(09.06.2017)
Central Board of Direct Taxes (CBDT) has notified a new safe harbour regime to reduce transfer pricing disputes, to provide certainty to taxpayers, to.....
Tags : Central Board of Direct Taxes, Safe Harbour Regime
CBDT Notifies Transfer Pricing Tolerance Limit for AYs 2017-18 and 2018-19(12.06.2017)
Central Board of Direct Taxes (CBDT) has notified transfer pricing tolerance limit for computation of Arm’s Length Price (ALP) applicable to assessmen.....
Tags : Central Board of Direct Taxes, Transfer Pricing Tolerance Limit
CBDT: People Not Having PAN Card Can File Form 60 Manually/Electronically Using E-Verification(12.06.2017)
Central Board of Direct Taxes (CBDT) has notified amended rules regarding furnishing of Form 60 either in manually or electronically by using e-verif.....
Tags : Central Board of Direct Taxes, Form 60, PAN Card
CBDT: Bonds Issued by ‘Power Finance Corporation Ltd’ Are Eligible for Capital Gain Exemption(12.06.2017)
Central Board of Direct Taxes (CBDT) has notified that Capital Gain exemption under section 54EC of Income Tax Act is applicable to bonds issued by Po.....
Tags : Central Board of Direct Taxes, Capital Gain Exemption
Mushroom is An ‘Agricultural Product’, No Tax on its Production: ITAT(17.07.2018)
Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that the income from production and sale of Mushroom can be termed as ‘agricultural i.....
Tags : Income Tax
Govt Notifies CGST (Second Amendment) Rules(08.03.2018)
Central Government has notified Central Goods and Services Tax (CGST) Amendment Rules incorporating certain amendments to the E-Way Bill Rules.
Tags : Goods and Services Tax
Govt. Cancels Reduction in Late Fee for Returns Filed by OIDAR Service Providers(08.03.2018)
Central Government has cancelled the reduction in late fee for delay in filing GSTR-5A by the Online Information and Database Access or Retrieval (OID.....
Tags : Goods and Services Tax
SC Grants Exemption to Persons Donating Money for Construction of Specified Hospital(14.03.2018)
Supreme Court has held that persons who want to donate money for construction of the specified hospital by the petitioner, Prashanti Medical Services .....
Tags : Supreme Court, Income Tax
GST: Government Extends GSTR 3B, GSTR 1 Filing for 3 Months(15.03.2018)
Government has extended the present system of filing of GSTR 3B and GSTR 1 for another three months i.e., April to June, 2018 till the new return syst.....
Tags : Goods and Services Tax
CIT Has No Power to Cancel or Withdraw 12A Registration: Supreme Court(15.03.2018)
Supreme Court has held that the Commissioner of Income Tax (CIT) has no power to cancel or withdraw or recall the registration certificate granted und.....
Tags : Supreme Court, Income Tax
CBDT Directs to Pay 100% Advance Tax Before 15th March(15.03.2018)
Central Board of Direct Taxes (CBDT) has asked the taxpayers to pay fourth and final installment (100 percent) advance tax before 15th March 2018.
Tags : Central Board of Direct Taxes
Madras High Court Rejects Plea Seeking to Bring Petrol, Diesel Under GST(19.03.2018)
Madras High Court has dismissed the petition which sought to bring Petrol and Diesel under the Goods and Services Tax ( GST ) regime.
Tags : Madras High Court, Goods and Services Tax
Supreme Court: Entire Interest Outgo on Borrowings Cannot be Treated as Expenditure(19.03.2018)
Supreme Court has partly upheld the tax department’s view that investors, be it companies or individuals, cannot take double advantage: first, avoid t.....
Tags : Supreme Court, Income Tax
No Late Fee for Delayed Filing of GSTR-5A: GSTN(30.05.2018)
Goods and Services Tax Network (GSTN) has clarified that no late fee is payable for delayed payment of GSTR-5A by the Online Information and Database .....
Tags : Goods and Services Tax Network
Govt Notifies NACIN as Authority for Conducting GST Practitioners Exam(30.05.2018)
Central Board of Indirect Taxes and Customs (CBIC) has notified National Academy of Customs, Indirect Taxes & Narcotics (NACIN) as the authority for c.....
Tags : Goods and Services Tax
Interest on Outstanding Credit Card Balances Ssubject to GST: CBIC(05.06.2018)
Central Board of Indirect Taxes and Customs (CBIC) has clarified that any interest/ delayed payment charges charged for delay in payment of brokerage .....
Tags : Goods and Services Tax
No Service Tax on Ambulance Services Provided to Govt by Pvt Service Providers: CBIC(05.06.2018)
Central Board of Indirect Tax and Customs (CBIC) has clarified that Service Tax cannot be levied on Ambulance Services provided to the Government by t.....
Tags : Goods and Services Tax
Digital Copy of E-Way Bill Sufficient for Transportation Under GST: Allahabad HC(06.06.2018)
Allahabad High Court has ruled that the consignment need not be supported with the hard copy of the E-way Bill as the current Goods and Services Tax (.....
Tags : Goods and Services Tax
Govt Notifies GST Settlement of Funds (Second Amendment) Rules(06.06.2018)
Central Government has notified the Goods and Services Tax Settlement of Funds (Second Amendment) Rules, 2018 which allows provisional settlement of I.....
Tags : Goods and Services Tax
GST: Govt Introduces PAN-Based Refund Clearance for Exporters(08.06.2018)
Central Board of Indirect Taxes and Customs (CBIC) has introduced PAN based refund clearance for the exporters if such refunds are held up due to mism.....
Tags : Goods and Services Tax
GST: Delhi Notifies E-Way Bill for Intra-State Movement of Goods(18.06.2018)
Delhi has notified that the E-Way Bill is mandatory for intra state movement of goods for all B2B transactions above Rs.1 Lakh from 16th June 2018.
Tags : Goods and Services Tax
Goods Can’t be Seized for Non-Filling of Part B of E-Way Bill: Allahabad HC(19.06.2018)
Allahabad High Court has ruled that the goods cannot be seized for non-filling of Part B of the E-Way Bill transported within a distance of 50kms.
Tags : Goods and Services Tax
Prior Notice Must for Initiating Reassessment Proceeding: ITAT, Amritsar(20.06.2018)
ITAT Amritsar held that notice under Section 148 or 142(1) of the Income Tax Act which is served upon the deceased assessee or his sole legal heir is .....
Tags : Income Tax Department, Notice
Bank Not Liable to Deduct TDS from Interest Paid to Noida Authority: ITAT, Delhi(20.06.2018)
Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Axis bank is not liable to deduct TDS from the interest paid or credited to Noida Au.....
Tags : Income Tax, TDS
Govt Amends CGST Rules to Modify Norms for Transportation(21.06.2018)
Central Government has amended the Central Goods and Services Tax Rules (CGST Rules), 2017 to modify the norms for transportation and E-Way Bill.
Tags : Goods and Services Tax
US Supreme Court Says States Can Collect Online Sales Tax(22.06.2018)
US Supreme Court has said that states can collect sales taxes on purchases from online retailers even if that company doesn't have a physical presence.....
Tags : US Supreme Court, Online Sales Tax
Levy of Surcharge on Retailers on Basis of Stock Imported Into State Is Discriminatory: Kerala HC(22.06.2018)
High Court of Kerala has struck down Section 3(1A) of the Kerala Surcharge on Taxes Act, 1957 (“Act”) for being discriminatory and violative of Articl.....
Tags : Kerala High Court, Surcharge Tax
GST: CBIC Modifies Procedure for Interception of Conveyance(22.06.2018)
Central Board of Indirect Taxes and Customs (CBIC) has issued a circular modifying the procedure for interception of conveyance under the Goods and Se.....
Tags : Goods and Services Tax
#GST Rollout: Eighteen Sections of CGST Act Notified, Effective from Today(22.06.2017)
Central Government has notified that eighteen sections (1-5, 10, 23-30, 139, 146, 164) of Central Goods and Services Tax (CGST) Act shall come into fo.....
Tags : Goods and Services Tax, GST, CGST Act
#GST Rollout: Central Goods & Services Rules-2017 Notified, Effective From Today(22.06.2017)
Central Board of Excise and Customs (CBEC) in exercise of powers conferred by section 164 of Central Goods and Services Tax Act, 2017 has notified Cen.....
Tags : Goods and Services Tax, GST, CGST Act
#GST Rollout: Seven Sections of UTGST Act Notified, Effective From Today(22.06.2017)
Central Government has notified that seven sections of Union Territory Goods and Services Tax (UTGST) Act (1, 2, 3, 4, 5, 17, 21, 22) shall come into .....
Tags : Central Government, Goods and Services Tax
#GST Rollout: Central Government Declares 1st July as ‘GST Day’(23.06.2017)
Union finance ministry has said that GST Day will be celebrated across all field offices of Central Board of Excise and Customs (CBEC) on July 01, in .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Gujarat High Court Allows ITR Filing Sans Aadhaar(07.08.2018)
Gujarat High Court has allowed a man to file his income tax return (ITR) manually instead of doing it online which requires linkage to Aadhaar card, a.....
Tags : Gujarat High Court, Aadhaar, Income Tax
GST: Govt Extends Reverse Charge Mechanism Till 30th September 2019(08.08.2018)
Central Government has decided to further extend the implementation of reverse charge mechanism (RCM) till 30th September 2019 under the Goods and Se.....
Tags : Goods and Services Tax
Payment of Tax Before Issue of SCN Not a Bar to Impose Penalty: Delhi High Court(08.08.2018)
Delhi High Court has held that the payment of tax amount before the issuance of show cause notice would not absolve the assessee from imposing penalty.....
Tags : Delhi High Court, Income Tax
#GST: Taxpayers Can Opt for Composition Scheme till July 21(17.07.2017)
Govt has said that small businesses with turnover of up to Rs 75 lakh can opt for composition scheme under Goods and Services Tax regime till July 21.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Registered Person Dealing with 2nd Hand Goods Can Avail Benefits of Margin Scheme(17.07.2017)
Central Government has clarified that any registered person dealing in buying and selling of second hand goods can avail benefit of Margin scheme subj.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: CBEC Issues Revised Rates of Rebate of State Levies on Export of Garments, Textile(17.07.2017)
Central Board of Excise and Customs (CBEC) has released revised rates of rebate of state levies on export of garments and textile made-up articles whi.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Supreme Court Fines Income Tax Department Rs 10 Lakh for 'Misleading' It(29.08.2018)
Supreme Court has imposed a fine of Rs 10 lakh on the Income Tax department for reportedly trying to mislead it.
Tags : Supreme Court, Income Tax
Income Tax Dept Cautions Taxpayers to File Returns by 31st August, 2018(30.08.2018)
Income Tax Department has advised the taxpayers to file income tax returns by the deadline of 31st August 2018, the last date for persons whose accoun.....
Tags : Income Tax
Govt. Extends Date for Filing of Income Tax Returns for Taxpayers in Kerala(30.08.2018)
Central Board of Direct Taxes (CBDT) has extended the due date for furnishing Income Tax Returns from 31st August, 2018 to 15th September, 2018 for al.....
Tags : Income Tax
ITC Cannot be Granted If Registration of Selling Dealer was Cancelled: Kerala High Court(31.08.2018)
Kerala High Court has held that the Input Tax Credit cannot be granted to a dealer when the registration of the selling dealer was cancelled by the de.....
Tags : Kerala High Court, Input Tax
Late Fee Can’t be Levied While Processing TDS Statement: ITAT, Cuttack(31.08.2018)
Income Tax Appellate Tribunal (ITAT), Cuttack has held that the late fee under Section 234E of the Income Tax Act cannot be levied while processing th.....
Tags : Income Tax, TDS
#GST: Govt Notifies IGST Exemption to Goods & Services Imported to SEZ(10.07.2017)
Central Government has notified exemption to Integrated Goods and Services Tax (IGST) on all goods and services imported from special economic Zones (.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Bombay High Court: Income Tax from Foreign Company Rendered in India is Taxable(20.08.2018)
Bombay High Court has held that a company or individual who renders services to a foreign company in India and receives remuneration in foreign exchan.....
Tags : Bombay High Court, Income Tax
Bombay High Court: Income Tax from Foreign Company Rendered in India is Taxable(20.08.2018)
Bombay High Court has held that a company or individual who renders services to a foreign company in India and receives remuneration in foreign exchan.....
Tags : Bombay High Court, Income Tax
Kerala High Court Refuses Relief for ‘Glitches’ in E-Way Bill(23.08.2018)
Kerala High Court has refused to provide relief to a trader whose goods were detained by tax authorities due to incomplete e-Way bill.
Tags : Kerala High Court, Goods and Services Tax
Bombay HC to ASG: Find Out Exact Rate at Which Securities Transaction Tax Should be Collected(24.08.2018)
Bombay High Court has told the Additional Solicitor General (ASG) to take instructions from the Central Board of Direct Tax by August 28 on the exact .....
Tags : Bombay High Court, Additional Solicitor General, Central Board of Direct Tax, Securities Transaction Tax
Government Extends GSTR-3B and GSTR-1 for Flood Affected Areas(27.08.2018)
Central Board of Indirect Taxes and Customs (CBIC) has extended the due dates for filing FORM GSTR-3B for the months of July, 2018 and August, 2018 fo.....
Tags : Goods and Services Tax
No Interest Where No Liability Was Admitted Under UP Sales Tax Act: Allahabad High Court(27.08.2018)
Allahabad High Court has held that no interest can be levied under the U.P. Sales Tax Act where the assessee did not admit tax liability by paying the.....
Tags : Allahabad High Court, Sales Tax
Lok Sabha Passes GST Amendment Bills(13.08.2018)
Lok Sabha has passed Central GST (Amendment) Bill, Integrated GST (Amendment) Bill, Union Territory GST (Amendment) Bill and GST (Compensation to Stat.....
Tags : Goods and Services Tax
Govt Notifies Due Dates for Filing GSTR-1 from July to March 2019(13.08.2018)
Central Board of Indirect Tax and Customs (CBIC) has notified the due dates for filing GSTR-1 for the taxpayers with the aggregate turnover of upto Rs.....
Tags : Goods and Services Tax
Fertilizers Supplied for Use in Manufacture of Other Fertilizers Attract 5% GST: CBIC(13.08.2018)
Central Board of Indirect Taxes and Customs (CBIC) has clarified that the fertilizers supplied for direct use as fertilizers, or supplied for use in t.....
Tags : Goods and Services Tax
Govt Notifies Due Dates for Filing GSTR 3B from July to March 2019(13.08.2018)
Central Government has notified that the Form GSTR 3B for each month from July 2018 to March 2019 required to be filed by 20th of next month.
Tags : Goods and Services Tax
Madras High Court: Depreciation Allowable on Non-Competent Fee and Brand Equity(14.08.2018)
Madras High Court has held that depreciation under Section 32 of Income Tax Act, 1961 is allowable on the non-competent fee and brand equity.
Tags : Madras High Court, Income Tax
No Tax Benefit to Industry If It Has No Control Over Manufacturing Process: Bombay HC(14.08.2018)
Bombay High Court has held that benefit of deduction under section 80-IB of Income Tax Act, 1961 cannot be given to an industry if it does not have an.....
Tags : Bombay High Court, Income Tax
No Input Tax Credit on Goods Not Resold Within a Period of 6 Months: Bombay HC(14.08.2018)
Bombay High Court has held that no input tax credit can be claimed on goods not resold within a period of 6 months as is stipulated by the legislation.....
Tags : Bombay High Court, Input Tax
Government Waives Service Tax on Card Transactions of up to Rs 2000(08.12.2016)
Government has exempted card payments up to Rs 2,000 from Service Tax in its efforts to make cashless economy a reality.
Tags : Government, Service Tax , Card Transactions
CBEC: Milling of Paddy into Rice on Job Work Basis is Liable to GST at Rate of 5%(21.11.2017)
Central Board of Excise and Customs (CBEC) has clarified that milling of paddy into rice on job work basis, is liable to GST at the rate of 5%, on the.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt. Nod to Display Revised MRP Due to Reduction of Rates of GST up to 31st Dec, 2017(21.11.2017)
Government has allowed manufacturers, packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) in addition to t.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Routers, Hubs, Switches Are ‘Computer Peripherals’, Attracts 4% Sales Tax: Madras HC(24.11.2017)
Madras High Court has held that routers, hubs and switches would come within the meaning of ‘computer peripherals’ for which lower rate of 4% VAT is a.....
Tags : Madras High Court, Sales Tax
No GST on Terracotta Idols: CBEC(24.11.2017)
Central Board of Excise and Customs (CBEC) has clarified that no GST is payable on on Terracotta idols.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt: Details of Zero Rated Goods Must Be Included in GSTR 3B(01.12.2017)
Government has clarified that the details of zero rated goods must be included in GSTR 3B.
Tags : Goods and Service Tax
Madhya Pradesh HC Dismisses Plea Against Levy of Tax on Confectionery Items(04.12.2017)
Madhya Pradesh High Court has dismissed a plea challenging the levy GST on confectionery items on the ground that it does not come within the purview .....
Tags : Goods and Service Tax
No Service Tax on Sale/Purchase of Property on a Principal to Principal Basis: CESTAT(07.12.2018)
Customs, Excise and Service Tax AppellateTribunal (CESTAT), Delhi has held that there cannot be any service tax liability under the category “Real Est.....
Tags : CESTAT, Service Tax, Sale/Purchase of Property on a Principal to Principal Basis
Bombay HC: No Appointment to Judicial Members of Tax Tribunals Without High Court's Consultation(18.01.2018)
Bombay High Court has held that judicial members of tax tribunals cannot be appointed without effective consultation with the high court and administr.....
Tags : Bombay High Court, Tax Tribunal
GST e-way Bill System Rolled Out on Trial Basis(18.01.2018)
Government has implemented electronic way bill on trial basis and asked the traders to register with the new transportation system before 1st February.....
Tags : Goods and Service Tax
Govt. Exempts Legal Services Provided to Govt & Govt Entities From GST(19.01.2018)
GST Council has recommended the Central Government to exempt legal services provided to Government, Local Authority, Governmental Authority and Govern.....
Tags : Goods and Service Tax
GST Council Revises Rates For 29 Goods, 53 Services Categories(19.01.2018)
GST Council has approved a rejig in the rates of 29 goods and changes to the taxation regime for 53 services at its 25th meeting in Delhi.
Tags : Goods and Service Tax
GST Council Revises GST Rates for Second-hand Medium & Large Cars, SUVs,(19.01.2018)
GST Council has approved rate cut on second-hand medium and large cars and SUVs from 28 per cent to 18 per cent and on other old and used motor vehicl.....
Tags : Goods and Service Tax
GST Council Revises GST Rates on Diamonds, Gemstones(19.01.2018)
GST Council has slashed tax rate on diamonds and precious stones to 0.25 per cent from current 3 per cent.
Tags : Goods and Service Tax
President Clears GST (Compensation to States) Amendment Act, 2017(22.01.2018)
President of India has given assent to the GST (Compensation to States) Amendment Act.
Tags : Goods and Service Tax
Government Extends Last Date for Filing FORM GSTR-3B(22.01.2018)
Central Government has extended the last date for filing return in FORM GSTR-3B for the month of December, 2017 by two days to 22nd January, 2018.
Tags : Goods and Service Tax
Delhi High Court Dismisses PIL Seeking More Auto, Taxi Stands(15.01.2019)
Delhi High Court has dismissed a plea alleging that there were not sufficient taxi and auto rickshaw stands in the city and those available were "ille.....
Tags : Delhi High Court, Taxi Stands
Finance Minister Raises Service Tax by 0.5%(01.03.2016)
Finance Minister Arun Jaitley has managed to increase service tax slightly by 0.5 percent in the form of Krishi Kalyan cess.
Tags : Service Tax , Krishi Kalyan cess
CBDT: Contractors in Consortium Not to be Taxed as AOP(08.03.2016)
Central Board of Direct Taxes (CBDT) has said those working in a consortium will not be taxed as Association of Persons (AOP) if each entity's earning.....
Tags : Central Board of Direct Taxes , Association of Persons, consortium
Receipt from Compulsory Acquisition of Agricultural Land is Not Taxable: ITAT, Raipur(20.02.2018)
Raipur bench of Income Tax Appellate Tribunal (ITAT) has proclaimed that capital gain arising out of sale of agricultural land under compulsory acquis.....
Tags : Income Tax, Acquisition
Sales Tax Subsidy is Capital Receipt, Not Taxable: ITAT, Kolkata(20.02.2018)
Kolkata bench of Income Tax Appellate Tribunal has held that sales tax subsidy is capital receipt and it is not taxable.
Tags : Income Tax, Sales Tax
Govt: Correct & Sufficient Info Must on GSTN & Customs System to Get IGST Refund(21.02.2018)
CBEC has released Frequently Asked Questions (FAQs) on IGST Refund, wherein it was clarified that, exporters must ensure that, only correct and suffic.....
Tags : Goods and Services Tax
Voluntary Surrender of Income Without Disclosing Its’ Source Would Not Avoid Penalty: Delhi HC(22.02.2018)
Delhi High Court has held that voluntary surrender of income without disclosing its source cannot rescue assessee from facing penal consequences under.....
Tags : Delhi High Court, Income Tax
Voluntary Surrender of Income Without Disclosing Its’ Source Would Not Avoid Penalty: Delhi HC(22.02.2018)
Delhi High Court has held that voluntary surrender of income without disclosing its source cannot rescue assessee from facing penal consequences under.....
Tags : Delhi High Court, Income Tax
Tax Benefit can be Availed on Multiple Flats' Sale, Says ITAT(12.02.2019)
Income Tax Appellate Tribunal (ITAT) has held that a taxpayer can avail of the tax benefits where long-term capital gains arising on sale of more than.....
Tags : ITAT, Tax Benefit can be Availed on Multiple Flats' Sale
Sikkim High Court Upholds Constitutional Vires of Levy of Service Tax on Lottery Tickets(28.03.2017)
Sikkim High Court has upheld constitutionality of amendments brought through Finance Act, 2016, which made service tax leviable on a person engaged in.....
Tags : Sikkim High Court, Service Tax, Lottery Tickets
Supreme Court: Companies Cannot Claim 'Premium' Received on Shares as 'Deduction'(29.03.2017)
Supreme Court has held that premium collected by companies on its subscribed share capital does not come within the ambit of “capital employed in busi.....
Tags : Supreme Court,Income Tax Act, Company
#OneNationOneTax: House of People Votes For ‘No Tax on Tax System’, Passes Historic GST Bills(30.03.2017)
Lok Sabha has showed a green light to Integrated GST, Central GST, Union Territory GST & Compensation Bill thereby clearing decks for the July 1 rollo.....
Tags : Lok Sabha, Goods and Services Tax
GST: Maharashtra to Rollout E-Way Bill from 25th May(09.05.2018)
Maharashtra Government has notified that the provisions of the E-Way Bill will be applicable for intra-State movement of goods from 25th May 2018.
Tags : Goods and Services Tax
GST: Assam Notifies E-Way Bill from 16th May(09.05.2018)
Assam Government has notified that the provisions of the e-way bill rules for intra-State movement of goods will be applicable from 16th May 2018.
Tags : Goods and Services Tax
INSOLVENCY - I-T Department, Other Tax Agencies can Initiate Insolvency: NCLAT(22.03.2019)
National Company Law Appellate Tribunal (NCLAT) has held that Income Tax department of central government and other local authorities “who are entitle.....
Tags : NCLAT, Income Tax Department, Insolvency
Penalty Notice u/s 274 Should Specify Grounds: ITAT, Delhi(25.06.2018)
Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that there is no justification imposing the penalty without mentioning the grounds specif.....
Tags : Income Tax, Notice
Income Tax Re-Assessment Notice to a Dead Person is Invalid: Bombay HC(23.04.2019)
Bombay High Court has held that income tax notice sent in the name of a dead person is invalid though the information regarding the death was not give.....
Tags : Bombay High Court, Income Tax Re-Assessment Notice, Dead Person
No Input Tax Credit if GST Returns Not Filed: Telangana HC(23.04.2019)
Telangana High Court has ruled that no input tax credit (ITC) is available unless GST returns are filed and a taxpayer is liable to pay penalty on the.....
Tags : Telangana High Court, Input Tax Credit, GST Return
CBDT Reiterates: PAN-Aadhaar Linkage Compulsory to File Income Tax Returns(25.04.2019)
Central Board of Direct Taxes (CBDT) has once again reiterated that the linking of Aadhaar with PAN Card is mandatory for filing income tax returns.
Tags : Central Board of Direct Taxes , PAN Card, Aadhar
CBDT Reiterates: PAN-Aadhaar Linkage Compulsory to File Income Tax Returns(25.04.2019)
Central Board of Direct Taxes (CBDT) has once again reiterated that the linking of Aadhaar with PAN Card is mandatory for filing income tax returns.
Tags : Central Board of Direct Taxes , PAN Card, Aadhar
Bombay HC to CBDT: Reconsider Its Proposal to Incentivise CIT (A) to Enhance Assessments(25.04.2019)
Bombay High Court has asked Central Board of Direct Taxes ( CBDT ) to reconsider its decision to incentivize the Commissioner of Income Tax (Appeals) .....
Tags : Central Board of Direct Taxes , Bombay High Court, Commissioner of Income Tax (Appeals)
Bombay HC Struck Down Rules for Assessing Property Tax(25.04.2019)
Bombay High Court while upholding a decade-old law that changed how property tax in Mumbai is assessed has struck down three rules for assessment of c.....
Tags : Bombay High Court, property tax
INSOLVENCY - I-T Department, Other Tax Agencies can Initiate Insolvency: NCLAT(22.03.2019)
National Company Law Appellate Tribunal (NCLAT) has held that Income Tax department of central government and other local authorities “who are entitle.....
Tags : NCLAT, Income Tax Department, Insolvency
DIRECT TAXATION - Salary Recd. By Missionaries/Nuns Subject To TDS Under Section 192 of IT Act: Madras HC(25.03.2019)
Madras High Court has ruled that Canon Law does not bind Income Tax Act and so salaries received by missionaries and nuns of Catholic Church for teach.....
Tags : Madras High Court, Tax Deduction at Source, Section 192 of the Act
DIRECT TAXATION - Bombay HC Grants Tax Relief to Karan Johar's Dharma Productions(26.03.2019)
Bombay High Court has granted tax relief to Karan Johar who heads Dharma Production by dismissing the appeal filed by the Income Tax department which .....
Tags : Bombay High Court, Karan Johar, Income Tax department
DIRECT TAXATION - Addition for Unexplained Share Capital and Share Premium Can’t be Made Prior to 2013 Amendment: ITAT(27.03.2019)
Income Tax Appellate Tribunal (ITAT) has held that addition in respect of share capital and premium by treating the same as unexplained cannot be made.....
Tags : Income Tax Appellate Tribunal, ITAT, Income Tax Act, 1961
DIRECT TAXATION - ITAT Rejects Fake Claim for Deduction of Rent Paid to Mother as Same Was an Afterthought(27.03.2019)
Income Tax Appellate Tribunal (ITAT) has disallowed a fake claim for deduction because it was established that the rent paid to mother was nothing, bu.....
Tags : Income Tax Appellate Tribunal, ITAT, Rent Deduction, false claim
DIRECT TAXATION - Delay in Statutory Audit is Reasonable Cause for Delayed Filing of Tax Audit Report: ITAT(27.03.2019)
Income Tax Appellate Tribunal (ITAT) has held that the delay in completion of statutory audit can be a reasonable cause for delay in filing of the tax.....
Tags : Income Tax Appellate Tribunal, ITAT, statutory audit, tax audit report
Imposing Tax on Un-Communicated Proposal Amounts to Natural Justice Violation: Madras HC(21.05.2018)
Madras High Court has ruled that imposing a tax on proposals that are uncommunicated to the Assessee shall amount to the violation of the principles o.....
Tags : Madras High Court, Income Tax
SC: Exemption Claimed u/s 80-IB Won't be Taken into Count While Availing Benefits u/s 80-IC(23.05.2018)
Supreme Court has held that the periods for which deductions were availed earlier by an assessee u/s 80-IA and S. 80-IB of Income Tax Act would not be.....
Tags : Supreme Court, Income Tax
IGST on Warehoused Goods to be Levied, Collected at the Time of Filing Ex-Bond Bill of Entry: CBIC(28.05.2018)
Central Board of Indirect Taxes and Customs (CBIC) has clarified that integrated tax shall be levied and collected at the time of final clearance of t.....
Tags : Goods and Services Tax
Old Newspapers Sold as Waste Paper Not Liable to State Sales Tax: Madras High Court(28.05.2018)
Madras High Court has held that old newspapers when sold as such would be covered by the exemption provided in the Constitution and sale thereof would.....
Tags : Madras High Court, Newspapers, Sales Tax
Delhi HC Stays Notification Cancelling F Forms Issued by Dealers(08.04.2019)
Delhi High Court has stayed notification issued by the State Government cancelling form F issued by a dealer in Delhi and cancellation was under rule .....
Tags : Delhi High Court, Sales Tax, Form F
Delhi HC Stays Notification Cancelling F Forms Issued by Dealers(08.04.2019)
Delhi High Court has stayed notification issued by the State Government cancelling form F issued by dealers in Delhi and cancellation was under rule 8.....
Tags : Delhi High Court, Sales Tax, Form F
IT Law Doesn’t Bar Partners to Draw Remuneration from More than One Firms: ITAT(15.04.2019)
Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the income tax law does not prohibit a partner from drawing remuneration/ salary fro.....
Tags : Income Tax Appellate Tribunal, Remuneration, Partnership Firm
Government Extends RCM, TDS & TCS Provisions Till September-End(28.06.2018)
Government has postponed the implementation of reverse charge mechanism, TDS and TCS provisions under the Goods and Services Tax (GST) Laws till the e.....
Tags : Goods and Services Tax
GST: Government Defers Reverse Charge Mechanism Till 30th September(03.07.2018)
Central Government has postponed the application of reverse charge mechanism under Goods and Services Tax (GST) regime till 30th September 2018.
Tags : Goods and Services Tax
No Deduction for Acquiring Distribution Rights of Films If It is Not Commercially Exploited: KHC(04.07.2018)
Kerala High Court has held no deduction under Rule 9B of Income Tax Rules, 1962 is allowed in absence of commercial exploitation of feature films.
Tags : Kerala High Court, Income Tax
GST: No E-Way Bill in Maharashtra for Intra-State Supply of Goods Worth Below Rs. 1 lakh(04.07.2018)
Maharashtra Government has notified that no E-Way Bill shall be required to be generated for the intra-State movement in State of Maharashtra.
Tags : Goods and Services Tax
SC Stays Madras HC Judgment on TDS Liability of Christian Nuns & Missionaries(10.05.2019)
Supreme Court has stayed Madras HC judgment which had ruled that salaries received by missionaries and nuns of Catholic Church are liable to be subjec.....
Tags : Supreme Court, Tax Deduction at Source, IT Act, 1961, Section 192
ITAT: Purchase of Land before Sale of Capital Asset ineligible for Deduction(10.05.2019)
Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54 of the Income Tax Act, 1961 cannot be availed in case o.....
Tags : Income Tax Appellate Tribunal, Section 54, Income Tax Act, 1961
ITAT: Revisional Jurisdiction Can’t be Exercised on Issue not Covered in Re-Assessment(10.05.2019)
Income Tax Appellate Tribunal (ITAT) has held that Commissioner of Income Tax cannot invoke revisional jurisdiction under Section 263 of Income Tax Ac.....
Tags : Income Tax Appellate Tribunal, Section 263, Income Tax Act, 1961
GST: Madhya Pradesh HC Directs State Tax Dept to Remove Check Posts(17.07.2018)
Madhya Pradesh High Court has issued an interim order directing the State Tax department to take necessary steps to implement the notification abolish.....
Tags : Goods and Services Tax
Wrong Name in Assessment Order Can’t be Cured by Invoking Section 292B: ITAT(19.07.2018)
Income Tax Appellate Tribunal (ITAT) held that mentioning of wrong name in an assessment order cannot be cured by invoking Section 292B of Income Tax .....
Tags : Income Tax Appellate Tribunal, Section 292B of Income Tax Act, 1961
Financial Crisis is a ‘Reasonable Cause’ for Delayed Deposit of TDS: ITAT(19.07.2018)
Income Tax Appellate Tribunal (ITAT) held that financial crisis can be a reasonable cause for not depositing the TDS amount with the Government accoun.....
Tags : Income Tax Appellate Tribunal, Section 273B of IT Act
No Due Date Extension for Income Tax Return Filing: CBDT(23.07.2018)
Central Board of Direct Taxes (CBDT) has clarified that the due date for filing Income Tax Return shall not be extended beyond 31st July, 2018.
Tags : Income Tax
GST Council Approves Tax Exemption to Sanitary Napkins(23.07.2018)
GST Council has approved the exemption to sanitary napkins from the current GST regime.
Tags : Goods and Services Tax
GST Council Reduces Tax on Supply of e-books from 18% to 5%(23.07.2018)
GST Council has reduced the rate of GST from 18% to 5% on supply only of e-books for which print version exist.
Tags : Goods and Services Tax
Income Tax Department Extends Deadline for Employers to Issue Form 16 and Form 24Q(05.06.2019)
Income Tax Department has extended the deadline for employers to issue Form 16 TDS certificate for financial year 2018-19 to its employees till July 1.....
Tags : Income Tax Department, Form 16, Form 24Q
SERVICE TAX - Supplying Electricity to Occupants of Commercial Complex is subject to Service Tax: Calcutta HC(28.03.2019)
Calcutta HC has held that the transaction of obtaining high-tension electric and supplying it to occupants after converting it to low-tension supply a.....
Tags : Calcutta HC, Service Tax, Finance Act, 1994
SALES TAX/VAT - State can Include Proceeds from Inter-State Sale in Turnover to Classify Dealers for Sales Tax: SC(29.03.2019)
Supreme Court has repelled challenge to constitutionality of Section 6B of Karnataka Sales Tax Act 1957 on ground that it permitted State to include p.....
Tags : Supreme Court, Karnataka Sales Tax Act 1957
Mauritius, Singapore Investments Fully Taxable for Capital Gains(01.04.2019)
Capital Gains on investments made in India through companies in Mauritius and Singapore will become fully taxable from 1st April because of revisions .....
Tags : Capital Gains, Mauritius, Singapore Investments, Double-Taxation Avoidance Agreements (DTAAs)
Federal Tax, State Tax and Disability Tax in USA Eligible for Credit Under Income Tax Act: ITAT(02.04.2019)
Income Tax Appellate Tribunal (ITAT), Hyderabad has held that the federal tax, state tax and medicare-cum-disability tax in USA is eligible for sectio.....
Tags : ITAT, Federal Tax, Disability Tax
Madras HC Grants Status Quo on Kalaignar TV Tax Dispute Case(03.04.2019)
Madras High Court, in an interim relief to Kalaignar Television, has directed Income Tax department to maintain status quo on its arrears of tax deman.....
Tags : Madras High Court, Kalaignar TV Tax Dispute Case
Section 50C can’t be Applied When Property Sold Under Pressure: ITAT(05.04.2019)
Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the provisions of Section 50C of the Income Tax Act, 1961 cannot be applied when the.....
Tags : ITAT, Chennai Bench, Section 50 C Income Tax Act
Tenants Can Be Evicted for Not Paying Municipal Taxes: Supreme Court(14.08.2018)
Supreme Court has held that tenants in Bengal can be evicted by landlords if they are not paying municipal taxes under the Calcutta Municipal Corporat.....
Tags : Supreme Court, Tenants, Municipal Taxes
Photography Services for Preparing Voters ID Card Not Subject to Service Tax: Calcutta HC(16.08.2018)
Calcutta High Court has held that photography services done by the agency while preparing Electoral Photo Identity Card (EPIC) would not be subject to.....
Tags : Calcutta High Court, Service Tax
Sale of Study Materials by Coaching Centres Would Not Attract Service Tax: CESTAT(16.08.2018)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad bench has observed that sale of study materials by a registered coaching centre.....
Tags : CESTAT, Service Tax
Madras HC Rejects Cognizant's Plea Challenging Rs 2,912 Crore Income Tax Demand(26.06.2019)
Madras High Court has dismissed information technology major Cognizant Technology Solutions plea of challenging the recovery proceedings initiated by .....
Tags : Madras High Court, dividend distribution tax, Cognizant Technology Solutions
ITAT, Jaipur: Defect in Notice would invalidate Penalty Proceedings(26.06.2019)
Income Tax Appellate Tribunal (ITAT), Jaipur Bench has held that the defect in the notice issued by the income tax department would nullify the entire.....
Tags : Income Tax Appellate Tribunal, Invalidation of penalty proceedings
Karnataka High Court: Input Tax Credit Cannot be Refused to Buyer if Seller Discharges Tax Liability(26.06.2019)
Karnataka High Court has noted that if the Assessee purchaser proves that the seller has already discharged the tax liability, then the Revenue cannot.....
Tags : Karnataka High Court, Input Tax Credit
AAR West Bengal: No Input Tax Credit on Motor Vehicles Bought for Rent-a-Cab Service(13.06.2019)
Authority for Advance Rulings (AAR), West Bengal has noted that the GST paid on the purchase of motor vehicles for supplying rent-a-cab service is not.....
Tags : AAR West Bengal, Input Tax Credit
BHC: Financial Difficulties No Ground for Defence if Assessee Failed to Pay Service Tax(17.06.2019)
Bombay High Court (BHC) has held that the defense of financial difficulties cannot be invoked by the Assessee when the Assessee failed to remit the se.....
Tags : BHC, Service Tax
Kerala High Court Rejects Income Tax Officers Request to Nullify Misconduct Proceedings(18.06.2019)
Kerala High Court has rejected a petition by the Commissioner of Income Tax (Appeals) wherein the officer pleaded to vacate the order of the Ernakulam.....
Tags : Kerala High Court, Income Tax Officers
CESTAT: Distributors Not Responsible to Pay Service Tax on Recharge Coupons(18.06.2019)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Chennai has observed that service tax cannot be levied on recharge coupons received from D.....
Tags : CESTAT, Service Tax
NAA to Builders: Flat Buyers Cannot Wait Endlessly to Receive Input Tax Credit(19.06.2019)
National Anti-Profiteering Authority (NAA) while dismissing a plea by a real estate developer has observed that since flats are sold in installments w.....
Tags : NAA, Input Tax Credit
"Not A Picnic Place": Supreme Court Slams Tax Department For Misleading It(04.09.2018)
Supreme Court has slammed the Income Tax department for making "misleading statement" about pendency of an appeal while making it clear that the top c.....
Tags : Supreme Court, Tax Department
GST Annual Return Forms Notified(05.09.2018)
Finance Ministry has notified annual tax forms for normal tax payer (GSTR 9) and for composition tax payer (GSTR 9A) in which detailed information reg.....
Tags : annual tax forms, GST, GSTR 9, GSTR 9A
‘Fashion Show’ is an ‘Entertainment’ And Hence Is Taxable: Karnataka High Court(06.09.2018)
Karnataka High Court has held that ‘fashion show’ falls within the expression ‘entertainment’ and is taxable under the provisions of Karnataka Enterta.....
Tags : Karnataka High Court, Tax
CBDT Notifies Income Tax Exemption to Press Trust of India(06.09.2018)
Central Board of Direct Taxes (CBDT) has notified Income Tax Exemption to Press Trust of India.
Tags : Income Tax, Press Trust of India
CBDT Notifies Rules to Determine Fair Market Value of Inventories Converted to Capital Asset(06.09.2018)
Central Board of Direct Taxes (CBDT) has notified the rules relating to the determination of Fair Market Value of inventories converted into capital a.....
Tags : Income Tax, Market Value
ITAT Delhi: Tax Exemption Cannot be Denied Merely Because One Donation in One Year is Doubtful(01.07.2019)
Income Tax Appellate Tribunal (ITAT) Delhi has ruled that the income tax exemption cannot be denied to a Trust merely because one donation in one yea.....
Tags : ITAT Delhi, Tax Exemption
Union Budget, 2019 – Income Tax Rate Increases(05.07.2019)
Union Finance Minister Nirmala Sitharaman has increased the income tax rate to 3 % for those earning Rs 2 to 5 crore and to 7 % for those above Rs 5 c.....
Tags : Union Budget 2019, Income Tax Rate
Govt Allows Tax Payers to Rectify Errors in GSTR 3B While Filing GSTR 1 and GSTR 2(04.09.2017)
Central Board of Excise and Customs (CBEC) has clarified that the tax payers can correct the errors made in GSTR 3B while filing regular returns in GS.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Jharkhand Government Imposes Conditions on Provisional Refund of ITC to Zero Rated Suppliers(04.09.2017)
Jharkhand Government has notified that a zero rated supplier cannot be granted with provisional refund of input tax credit if he does not file returns.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Protect Taxpayers' Money, Spend Judiciously: Madras High Court(03.10.2018)
Madras high court has said that powers under Constitution are provided to administrators to protect tax payers money and pointed out that tax payers m.....
Tags : Madras High Court, Taxpayer Money
Tax Can’t be Levied Through a Circular Without Amending Relevant Notification: Allahabad HC(03.10.2018)
Allahabad High Court has held that the tax cannot be imposed by way of circular without making the amendment to the relevant notification.
Tags : Allahabad High Court, Relevant Notification, Tax
SC Upholds Constitutional Validity of Goods and Services Tax (Compensation To States) Act, 2017(04.10.2018)
Supreme Court has upheld the Constitutional validity of Goods And Services Tax (Compensation To States) Act, 2017, as well as the Goods and Services T.....
Tags : Supreme Court, Goods and Services Tax (Compensation To States) Act, 2017
CBDT Extends Due Date for Filing Income Tax Returns and Audit Reports to Oct 31st(09.10.2018)
Central Board of Direct Taxes (CBDT) has further extended due date for filing Income Tax Returns and Audit Reports to October 31st.
Tags : CBDT, Income Tax Returns
Bombay High Court: Interest from Motor Accident Compensation not Subject to Income Tax(12.08.2019)
Bombay High Court has ruled that the income tax should not have been deducted from the interest on the motor accident compensation awarded by the cour.....
Tags : Bombay High Court, Income Tax
Madras High Court Sets Aside Notices by I-T Dept Against Chidambaram, Family(03.01.2018)
Madras High Court has set aside a batch of notices issued by the Income Tax department against former Union Finance Minister P Chidambaram and his fam.....
Tags : Madras High Court, Income Tax
GST: Manufacturers & Other Suppliers Needs to Pay One Percent Tax Under Composition Scheme(03.01.2018)
Central Board of Excise and Customs (CBEC) has notified that manufacturers and other suppliers are required to pay one percent of the turnover in Stat.....
Tags : Goods and Service Tax
Wife to Get Tax Exemption Even if Investment Made in Joint Name of Husband: ITAT(18.12.2018)
Income Tax Appellate Tribunal has ruled that assessee wife can claim exemption from tax liability under Section 54F of the Income Tax Act and observe.....
Tags : ITAT, Wife to Get Tax Exemption
Vehicle Manufacturers/Dealers Liable to Pay Tax U/S 6 of Bihar Motor Vehicles Taxation Act: SC(20.12.2018)
Supreme Court has held that the manufacturers and dealers of vehicles are liable to pay additional tax under Section 6 of the Bihar Motor Vehicles Tax.....
Tags : Supreme Court, Bihar Motor Vehicles Taxation Act
Telangana HC Directs Regional Transport Authority to Not to Demand Additional Life Tax on New Vehicle(31.10.2019)
Telangana HC has observed that State cannot be allowed to levy life tax on the ex-showroom price shown in the price list, when it is not the actual co.....
Tags : Telangana HC, life tax
CBDT Extends Due Date for Filing of IT Returns/Tax Audit Reports in Union Territories of J&K, Ladakh(01.11.2019)
Central Board of Direct Taxes (CBDT) has extended due date for filing of Income Tax Returns / Tax Audit Reports to 30th November, 2019 in respect of U.....
Tags : Central Board of Direct Taxes, CBDT,
Adoption Fees Received From Adoptive Parents by Trust Exempted From GST: AAR Maharashtra(01.11.2019)
Authority of Advance Ruling (AAR), Maharashtra has ruled that, Goods and Services Tax (GST) is exempted on Adoption Fees received from Adoptive parent.....
Tags : Authority of Advance Ruling, Goods and Services Tax, Adoption Fees
GST: Due Date for Filing Return for Input Tax Credit is 31st January(22.12.2017)
Central Government has notified the extension of time limit for making declaration GST ITC-01 to avail Input Tax Credit till the 31st day of January 2.....
Tags : Goods and Service Tax
GST: Non-Resident Tax Payers Can File Returns Till 31st January(22.12.2017)
Central Government has notified January 31 as the time limit for furnishing the return for the months July to December by a non-resident taxable perso.....
Tags : Goods and Service Tax
GST: Govt Extends Due Date for filing GSTR-5A for July to December(22.12.2017)
Central Board of Excise and Customs (CBEC) has extended the due date of filing return by persons providing Online Information and Database Access or R.....
Tags : Goods and Service Tax
Govt Extends Due Date for Filing FORM GST CMP-03(26.12.2017)
Central Government has extended the time limit for intimation of details of stock held on the date preceding the date from which the option for compos.....
Tags : Goods and Service Tax
IGST is Leviable When Art Works Sent to Gallery is Purchased by Buyer: CBEC(26.12.2017)
Central Board of Excise and Customs (CBEC) has said that when an art work sent to the gallery is purchased by a person, Integrated Goods and Services .....
Tags : Goods and Service Tax
No Income Tax Deduction to Law Firm for Expenses Incurred for Pleasure Tour by Counsels: ITAT(08.01.2019)
Income Tax Appellate Tribunal (ITAT), Delhi, has held that no income tax deduction can be given to the law firm, Luthra & Luthra, for the expenses inc.....
Tags : ITAT, Income Tax Deduction to Law Firm,Pleasure Tour by Counsels
Gujarat High Court Issues Notice to Centre Over Input Tax Credit Denial to Restaurants(19.11.2019)
Gujarat High Court has issued a notice to the Centre seeking to know why the option of input tax credit under Goods and Services Tax regime is not ava.....
Tags : Gujarat High Court, Input Tax Credit
Govt Amends Income Tax Rules, Withdraws Exemption of Transport Allowance of Rs. 1,600 pm(10.04.2018)
Central Board of Direct Taxes (CBDT) has notified the Income Tax (Third Amendment) Rules, 2018 wherein the Government has withdrawn the exemption of T.....
Tags : Income Tax, Transport Allowance
Exemption Under IT Act Available Only to Institutions That Impart Education: Uttarakhand HC(13.04.2018)
Uttarakhand High Court has held that education institutions can avail exemption under Section 10(23C) (vi) of the Income Tax Act only if they exist so.....
Tags : Uttarakhand High Court, Income Tax Act
Central Board of Indirect Taxes and Customs Extends Waiver of Late Fee of All Pending Form GSTR-1(13.01.2020)
Central Board of Indirect Taxes and Customs has extended the waiver of late fee of all pending Form GSTR-1 from July 2017 to November 2019 till 17th J.....
Tags : Central Board of Indirect Taxes and Customs, Late Fee
National Anti- Profiteering Authority: Builders Should Pass Benefit of Input Tax Credit to Buyers(13.01.2020)
National Anti- Profiteering Authority has held that if the builders have denied the benefit of Input Tax Credit to the buyers, then they are liable to.....
Tags : National Anti- Profiteering Authority, Input Tax Credit
CESTAT: Service Tax Cannot be Levied on Remuneration for Sales Promotion(13.01.2020)
Customs Excise and Service Tax Appellate Tribunal, Allahabad has set aside the ruling of a Lower Tribunal and has held that if the entire remuneration.....
Tags : CESTAT, Service Tax
AAR Tamil Nadu: Branch Eligible for Input Tax Credit for Goods and Services Tax Paid by Head Office(13.01.2020)
Appellate Authority for Advance Ruling, Tamil Nadu has held that the Input Tax Credit of tax paid by Head office for the furtherance of business would.....
Tags : AAR Tamil Nadu, Input Tax Credit
GOODS AND SERVICES TAX - No GST on TCS Levied on Goods: CBIC(12.03.2019)
Central Board of Indirect Taxes (CBIC) has clarified that Goods and Services Taxes (GST) would not be applicable on Tax Collection at Source (TCS) lev.....
Tags : CBIC, GST, Tax Collection at Source
DIRECT TAXATION - ITAT Shields Tax Relief on New House(15.03.2019)
Income-Tax Appellate Tribunal (ITAT), Mumbai bench has held that investment-linked capital gains tax exemption, available on purchase of a new house, .....
Tags : ITAT, Second House, Capital Gain, Tax Relief
DIRECT TAXATION - Partners can’t be Taxed for Transaction Made by Firm: ITAT(18.03.2019)
Income Tax Appellate Tribunal ( ITAT ), Pune has held that the partners cannot be taxed for transaction made by the Firms.
Tags : ITAT, Partnership, Tax
Madras High Court: No Service Tax on Notice Pay Recovery by Employer from Employee(30.01.2020)
Madras High Court has ruled that the amount received by an employee from the employer on premature termination of the contract or notice pay recovery .....
Tags : Madras High Court, Service Tax on Notice Pay Recovery
ITAT, Pune Allows Claim for Set-off of Loss by Husband Invested in Wife’s Business(30.01.2020)
Income Tax Appellate Tribunal, Pune has held that the wife’s separate income can be clubbed into husbands total income and in the case of any loss inc.....
Tags : Income Tax Appellate Tribunal, Clubbing of Husband and Wife's Incomes
ITAT, Mumbai: Dividend Derived from Shares Held as Stock in Trade Cannot be Disallowed(31.01.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the dividend which is derived from the Shares which are ‘stock in shares’ will not be compu.....
Tags : Income Tax Appellate Tribunal, Dividend Derived from Shares Held as Stock in Trade
Gujarat HC: To Compound Tax Evasion Offences, Assessee Should Pay Whole Tax Amount Evaded(31.01.2020)
Gujarat High Court has held that 100% of the tax sought to be evaded is to be paid for compounding of a tax evasion offences under Section 276C (1) of.....
Tags : Gujarat High Court, Compounding of Tax Evasion Offence
AAR Tamil Nadu: Branch Eligible for Input Tax Credit for Goods and Services Tax Paid by Head Office(13.01.2020)
Appellate Authority for Advance Ruling, Tamil Nadu has held that the Input Tax Credit of tax paid by Head office for the furtherance of business would.....
Tags : AAR Tamil Nadu, Input Tax Credit
AAAR: Head Office Adopting Value for Supply to Other Branches Outside State Eligible for ITC(14.01.2020)
Appellate Authority for Advance Ruling,Tamil Nadu has held that the Head office adopting the value for supply to other branches is eligible for Input .....
Tags : Appellate Authority for Advance Rulings, Input Tax Cedit
CESTAT Hyderabad: Import of Multi-Functional Digital Copies Not Prohibited(15.01.2020)
Customs Excise and Service Tax Appellate Tribunal- Hyderabad has held that the importing of Multifunctional digital copies is not prohibited and there.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Import of Multi-Functional Digital Copies
CESTAT Mumbai: Clearances to Special Economic Zones Developers is Export(15.01.2020)
Customs Excise & Service Tax Appellate Tribunal- Mumbai has ruled that the clearances made by the Appellant without payment of duty to Special Economi.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Special Economic Zones
CESTAT Chennai: CA’s Certificate Certifying Tax Burden can be Considered as Evidence(15.01.2020)
Customs Excise and Service Tax Appellate Tribunal, Chennai has ruled that the Chartered Accountant’s Certificate that categorically certifies that the.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Chartered Accountant's Certification, Evidence
CIVIL - SC Sets Aside Bombay HC Order Penalising Senior Tax Official(08.03.2019)
Supreme Court has set aside an order by Bombay High Court that had imposed a fine on Deputy Commissioner of Income Tax (Mumbai) and made adversarial r.....
Tags : Supreme Court, Deputy Commissioner of Income Tax (Mumbai)
DIRECT TAXATION - SC Sets Aside Bombay HC Order Penalising Senior Tax Official(08.03.2019)
Supreme Court has set aside an order by Bombay High Court that had imposed a fine on Deputy Commissioner of Income Tax (Mumbai) and made adversarial r.....
Tags : Supreme Court, Deputy Commissioner of Income Tax (Mumbai)
CESTAT: Refund of Unutilised Credit Can't Denied if Amount Voluntarily Debited/Credited in GSTR-3B(20.01.2020)
Customs Excise and Service Tax Appellate Tribunal, Mumbai has held that the refund of unutilized credit cannot be denied if the Assessee voluntarily d.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Refund of Unutilised Credit
CESTAT, Kolkata: Service Tax Refund Can Be Claimed on Basis of Monthly Consolidated STTG Certificate(20.01.2020)
Customs Excise and Service Tax Appellate Tribunal has ruled that the Service Tax Refund can be claimed on the basis of monthly consolidated Service Ta.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Service Tax Refund
Supreme Court Dismisses Appeal by Delhi Sales Tax Authorities(20.01.2020)
Supreme Court has dismissed an appeal by Delhi Sales Tax Authorities and upheld the final judgment and order passed by the Delhi High Court that sales.....
Tags : Supreme Court, Delhi Sales Tax Authorities
Authority for Advance Ruling: Dealers Eligible for Input Tax Credit on Demo Cars(21.01.2020)
Authority for Advance Ruling, Maharashtra has held that input tax credit charged on inward supply of demo cars, which are used for demonstration purpo.....
Tags : Authority for Advance Ruling, Input Tax Credit on Demo Cars
Madras High Court: No Tax Deduction for Replacement of Machineries(15.01.2020)
Madras High Court has held that the replacement of the machineries as a whole cannot be held to be current repairs or allowable revenue expenditure.
Tags : Madras High Court, Tax Deduction, Replacement of Machineries
Gujarat HC: Cricket Association Eligible for Tax Exemption for Income from International Matches(15.01.2020)
Gujarat High Court has upheld the order by the Income Tax Appellate Tribunal that Baroda Cricket Association engaging in international matches does no.....
Tags : Gujarat High Court, Tax Exemption, Cricket Association
CESTAT Mumbai: Cleaning Service Provided Through Manpower Not Taxable Service(15.01.2020)
Customs Excise and Service Tax Appellate Tribunal- Mumbai has held that the company providing cleaning services through Manpower engaged by it were un.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Cleaning Service by Manpower
Madhya Pradesh High Court Denies Bail Application to Goods and Service Tax Evader Worth Rs 60 Crores(15.01.2020)
Madhya Pradesh High Court has denied the Bail application filed by Goods and Service Tax Evader in connection with the crime which was registered with.....
Tags : Madhya Pradesh High Court, Goods and Services Tax
Jharkhand High Court: No Denial of Input Tax Credit if Seller Defaults in Depositing Tax(16.01.2020)
Jharkhand High Court has held that Input Tax Credit cannot be denied for the Petitioner who had discharged all the tax liabilities and where it was no.....
Tags : Jharkhand High Court, Input Tax Credt
CESTAT: No Vivisection in Service and Material Components of Contract is Composite Works Contract(16.01.2020)
Customs, Excise, and Service Tax Appellate Tribunal Hyderabad has held that where a contract cannot be vivisection between service component and mater.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Composite Works Contract
CBDT Extends Deadline for Compounding of Income Tax Offences(06.01.2020)
Central Board of Direct Taxes has extended the last date for taxpayers to avail a “one- time” facility to apply for compounding of income tax offences.....
Tags : CBDT, Income Tax Offences
Central Board of Direct Taxes Notifies Changes in Income Tax Return Forms(06.01.2020)
Central Board of Direct Taxes has notified changes in Income Tax Returns Forms whereby individual taxpayers owning house property in joint ownership a.....
Tags : Central Board of Direct Taxes, Income Tax Return Forms
Central Board of Indirect Taxes Directs DGFT to Tighten System for Accrediting Exporters(06.01.2020)
Central Board of Indirect Taxes has asked Director General of Foreign Trade to tighten its system used for accrediting exporters after investigations .....
Tags : Central Board of Direct Taxes, DGFT
CESTAT: No Service Tax Would be Applicable on Value of Materials on Which Sales Tax is Already Paid(06.01.2020)
Customs Excise and Service Tax Appellate Tribunal, Chennai has held that the spare parts etc, which have been used in the course of maintenance servic.....
Tags : CESTAT, Service Tax
Income Tax Appellate Tribunal, Bangalore: Delay in Furnishing Audit Reports is Mere Technical Breach(09.01.2020)
Income Tax Appellate Tribunal, Bangalore has held that the delay in furnishing audit reports results only in the technical venial breach which does no.....
Tags : Income Tax Appellate Tribunal, Audit Reports
AAAR : No Goods and Services Tax Exemption to Agricultural Products from Foreign Markets(10.01.2020)
Appellate Authority of Advance Ruling has upheld the decision taken by the Authority of Advance Ruling- West Bengal that Goods and Services Tax Exempt.....
Tags : AAAR, Goods and Service Tax
ITAT: Normal Business Advances Not in Nature of ‘Loan’ are Not Deemed Dividend(21.01.2020)
Income Tax Appellate Tribunal, Delhi has held that the transaction where advance is received in the normal course of business and which is not taken a.....
Tags : Income Tax Appellate Tribunal, Business Advances, Deemed Dividend
CBIC Sets Deadline for Deactivation of Facility of Beneficiary Uploading Documents Through e-SANCHIT(22.01.2020)
Central Board of Indirect Taxes and Customs (CBIC) has said that the facility of beneficiary uploading the documents through e-SANCHIT will be deactiv.....
Tags : Central Board of Indirect Taxes and Customs, Deadline for Deactivation of Uploading Documents Through e-SANCHIT
AAR: No ITC Available for Supply of Goods and Services for Civil Work and External Development Work(22.01.2020)
Authority for Advance Ruling (AAR), Rajasthan has held that Input Tax Credit (ITC) is not available for supply of goods and services which are used fo.....
Tags : Authority for Advance Ruling, Input Tax Credit on Supply of Goods and Services for Civil Work and External Development Work
CESTAT: No denial of Credits to Recipient Even if Duty was Legally Not Payable by Supplier(23.01.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT) has held that Input tax credits cannot be denied to the recipient even if the duty was lega.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Input Tax Credit to Recipient
ITAT Erases Addition by TPO on Transaction of Rendering Marketing Services of Channel Placement Right(23.01.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has deleted the addition by Transfer Pricing Officer on the ground that the transaction of rendering mark.....
Tags : Income Tax Appellate Tribunal, Addition on Transaction of Rendering Marketing Services
CESTAT, New Delhi: No Service Tax on Charging License Fee for Quick Heal Antivirus Software(31.01.2020)
Customs Excise Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the Quick Heal Antivirus software is deemed goods but whether the tran.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Service Tax on Charging License Fee, Quick Heal
ITAT, Delhi: No TDS on Payment of External Development Charges Not Made Out of Statutory Liability(31.01.2020)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Assessee is not required to deduct Tax Deducted at Source (TDS) as the payment of Extern.....
Tags : Income Tax Appellate Tribunal, TDS on Payment of External Development Charges
#Union Budget 2020-2021: Corporate Tax Reduced for Existing Companies(01.02.2020)
Finance Minister stated that the Corporate tax for existing companies has been slashed to 22%.
Tags : Union Budget 2020-2021, Corporate Tax
#Union Budget 2020-2021: Simplied Personal Income Tax Regime Introduced(01.02.2020)
Central Government has introduced a new simplified personal income tax regime. The same is as follows (i)Individual to pay tax 10% for income Rs. 5 to.....
Tags : Union Budget, Personal Income Tax Regime
Gauhati HC Directs Centre to Decide on Representations Seeking Time Extension for Filing GSTR Forms(05.02.2020)
Gauhati High Court has directed the Union of India to decide within a week the representations filed by All India Federation of Tax Practitioners and .....
Tags : Gauhati High Court, Filing of Goods and Service Tax Forms
CESTAT, Mumbai: ‘Casino Vessels’ Classifiable as ‘Passenger Ship’ and Not ‘Pleasure Boats’(05.02.2020)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that ‘casino vessels’ could not be classified as ‘pleasure boats’. The Co.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Casino Vessels
CESTAT: No Service Tax on ‘Club or Association Service’ if Received Amount Wholly Transmitted(23.01.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that the department cannot levy Service Tax on amounts received by the App.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Club or Association Service
CESTAT: No Penalty Can be Imposed on Partners if Penalty Imposed on Partnership Firm(23.01.2020)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that when a penalty is imposed on a partnership firm, a penalty canno.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Penalty on Partners
AAR: Input Tax Credits Can be claimed on Leased Goods Transport Vehicle(24.01.2020)
Authority for Advance Ruling (AAR), West Bengal has ruled that Input Tax Credits can be claimed in accordance with the law on the leased goods transpo.....
Tags : Authority for Advance Ruling, Input Tax Credit, Lease Goods Transport Vehicle
CESTAT: IILM Business School Liable to Pay Service Tax on MBA, PGP Programme(27.01.2020)
Central Excise and Service Tax Tribunal (CESTAT), Ahmedabad has held that as the service provided by Institute for Integrated Learning in Management (.....
Tags : Customs Excise and Service Tax Appellate Tribunal, IILM Business School
CESTAT: Mere Use of Word ‘Principle to Principle’ Basis Not Franchise Service, Not Taxable(27.01.2020)
Customs Excise and Services Tax Appellate Tribunal (CESTAT) has held that mere use of the word ‘principle to principle’ cannot be a basis for attracti.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Franchise Service
ITAT Mumbai Allows Depreciation on Goodwill Resulting from Acquisition of Business Unit(28.01.2020)
Income Tax Appellate Tribunal (ITAT) Mumbai has allowed depreciation on goodwill resulting from the acquisition of Business Unit of Lee & Muirhead Pvt.....
Tags : Income Tax Appellate Tribunal, Depreciation on Goodwill
ITAT, Mumbai: Penalty Cannot be Levied for Genuine Omissions in Income Tax Returns(19.02.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that genuine omissions must be excluded from the levy of penalty under Section 271 (1) (a) of th.....
Tags : Income Tax Appellate Tribunal, Genuine Omissions in Income Tax Returns
Sales Tax Tribunal, Mumbai: 4% Tax Levied on Turnover of Sales in Respect of Charter Hire of Vessels(19.02.2020)
Sales Tax Tribunal, Mumbai has held that the levy of tax on the turnover of sales in respect of the charter hire of Vessels is confirmed and has to be.....
Tags : Sales Tax Tribunal, Charter Hire of Vessels
CESTAT, Chennai Allows Excise Duty Exemption to Pepsico on ‘Nimbooz’(19.02.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT ), Chennai has observed that the brand ‘Nimbooz’ is not lemonade and allowed excise duty exe.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Nimbooz, Pepsico
Tripura HC Orders Govt. to Grant Reimbursement as per Tripura Industrial Investment Promotion Scheme(19.02.2020)
Tripura High Court has directed the State Government to grant reimbursement of Value Added Tax as per the Tripura Industrial Investment Promotion Ince.....
Tags : Tripura High Court, Reimbursement of Value Added Tax
ITAT, Bangalore Extends Stay Period for Google India Due to Delay in Disposal of Appeal(19.02.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has granted an extension of stay period to Google India citing a reason for the delay in non-disposal .....
Tags : Income Tax Appellate Tribunal, Google India
DIRECT TAXATION - Manufacture of Herbal Products Eligible for IT Deduction: Madras HC(28.03.2019)
Madras High Court has held that manufacture of the herbal products would be eligible for deduction under Section 80IA of the Income Tax Act, 1961.
Tags : Madras HC, 80IA of the Income Tax Act, 1961
DIRECT TAXATION - ITAT: Mere Suspicion that Expenditure is for Non-Business Purposes Can’t be a Ground for Addition(28.03.2019)
Income Tax Appellate Tribunal (ITAT) has held that addition cannot be made merely on the ground that the expenditure is for non-business purposes.
Tags : Income Tax Appellate Tribunal, ITAT
ITAT, Bangalore: No Disallowance of Interest Expenses on Account of Non-Deduction of TDS(12.02.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that there should be no disallowance of interest expenses on account of non- deduction of Tax.....
Tags : Income Tax Appellate Tribunal, No Disallowance of Interest Expenses
ITAT, Chennai Disallows Deduction Claim on Receipts from Carbon Credit(12.02.2020)
Income Tax Appellate Tribunal (ITAT), Chennai has held that the receipts from the sale of the carbon credit are liable to be treated as the capital re.....
Tags : Income Tax Appellate Tribunal, Deduction Claim on Receipts from Carbon Credit
Madras High Court: Error in Short-Levy of Service Tax Can be Ratified by Assessee(13.02.2020)
Madras High Court has held that in the case of an error in short-levy of service tax, for the purposes of ratifying, the Assessee is left with two opt.....
Tags : Madras High Court, Short-Levy of Service Tax
CESTAT, Ahmedabad: ‘Bulk Milk Coolers’ of Co-Op Societies for Storage, Eligible for Duty Exemption(13.02.2020)
Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that Bulk Milk Coolers that are manufactured and supplied to various Co-.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Bulk Milk Coolers
CESTAT, Mumbai: Cenvat Credit Permissible on Renting Premises Outside Manufacturing Factory Unit(19.02.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that Cenvat Credit is permissible on renting of premises outside the manuf.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Cenvat Credit Permissible on Renting Premises
ITAT, Mumbai: Society Imparting Training to State Govt. Employees Eligible for Tax Exemption(19.02.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the society formed to impart training to the State Government employees is eligible for inc.....
Tags : Income Tax Appellate Tribunal, Society Imparting Training to State Govt. Employees
Gujarat High Court Issues Notice Over Input Tax Credit on Gifts(20.02.2020)
Gujarat High Court has issued notices to the Centre, State Government, Goods and Services Tax Council and Indirect Tax Board in a case related to the .....
Tags : Gujarat High Court, Input Tax Credit on Gifts
CESTAT, Mumbai: Application for Compounding of Offence Can Not be Rejected on Technical Grounds(20.02.2020)
Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai has held that the purpose of compounding of offence against the payment of compoundin.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Application for Compounding of Offence
Madras High Court: E- Assessments Alone by Income Tax Department Can Lead to Erroneous Assessments(24.02.2020)
Madras High Court has stated that the e-proceedings facility provided by the income tax department from 2017-18 can lead to erroneous assessments as o.....
Tags : Madras High Court, E- Assessments by Income Tax Department
CESTAT, Mumbai: Cenvat Credit Not Admissible on Goods Transport Agency Services(24.02.2020)
Central Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that Cenvat credit is not admissible on Goods Transport Agency services us.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Cenvat Credit, Goods Transport Agency Services
ITAT, Kolkata Quashes Re-Assessment Proceedings Against Price Waterhouse & Co.(13.02.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has quashed the re-assessment proceedings against Price Waterhouse & Co. and held that to reopen the ass.....
Tags : Income Tax Appellate Tribunal, Re-Assessment Proceedings Against Price Waterhouse & Co.
ITAT, Delhi: Pre-Operative Expenses Cannot be Allowed as Business Expense(14.02.2020)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the expenses which are incurred before the operation of a company are called preoperative ex.....
Tags : Income Tax Appellate Tribunal, Pre-Operative Expenses
Telangana High Court Directs to Refund Service Tax Collected on Purchase of Immovable Property(14.02.2020)
Telangana High Court has held that service tax does not apply to the purchase of immovable property including an undivided share of land, directing a .....
Tags : Telangana High Court, Refund of Service Tax
ITAT, Ahmedabad: Letting Out of Property and Furniture for Film Exhibition is Business Activity(14.02.2020)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the income received from Film Exhibition Business that has been leased out to another pa.....
Tags : Income Tax Appellate Tribunal, Letting Out of Property and Furniture for Film Exhibition
CESTAT, New Delhi: Third Party Agency to Pay Service Tax on Collection of Parking Fees in Malls(14.02.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the right to collect parking fees given by the mall owners is a co.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Collection of Parking Fees in Malls
CBDT Notifies Forms for Firms to Avail Lower Corporate Taxes(17.02.2020)
Central Board of Direct Taxes (CBDT) has notified Forms 10-IC and 10-ID for existing companies that want to avail lower Income Tax rates and new manuf.....
Tags : Central Board of Direct Taxes, Forms for Firms to Avail Lower Corporate Taxes
Govt Notifies GST Settlement of Funds (Second Amendment) Rules(08.06.2018)
Central Government has notified the Goods and Services Tax Settlement of Funds (Second Amendment) Rules, 2018 which allows provisional settlement of I.....
Tags : Goods and Services Tax
Govt Notifies GST Settlement of Funds (Second Amendment) Rules(08.06.2018)
Central Government has notified the Goods and Services Tax Settlement of Funds (Second Amendment) Rules, 2018 which allows provisional settlement of I.....
Tags : Goods and Services Tax
Priority Sector Lending Certificates, Renewable Energy Certificates Attract Nil GST: CBIC(08.06.2018)
Central Board of Indirect Taxes and Customs (CBIC) has clarified that Renewable Energy Certificates (RECs), Priority Sector Lending Certificates (PSLC.....
Tags : Goods and Services Tax
ITAT, Mumbai: Taxpayers Can Change ‘Self-occupied’ House to Cut Tax Outgo(08.06.2018)
Mumbai bench of Income Tax Appellate Tribunal (ITAT) has upheld the right of a taxpayer to change his selection of a house property that would be trea.....
Tags : Income Tax, House Property
Bombay HC Imposes Cost of Rs. 25,000 on Petitioner Challenging Municipal Tax on Mobile Towers(17.04.2019)
Bombay High Court has imposed a cost of Rs.25,000 on GTL Infrastructure Limited, a petitioner challenging demand notices issued with respect to munici.....
Tags : Bombay High Court, Municipal Tax, Mobile Towers
ITC Available on Vehicles Supplied to Customers on Lease Rent Subject to Conditions: AAR(19.04.2019)
Authority for Advance Ruling (AAR), Madhya Pradesh has ruled that Input Tax Credit (ITC) is available on GST paid on vehicles provided to different cu.....
Tags : AAR, Input Tax Credit, Vehicles
ITAT, Chandigarh: Cancellation of Registration to Society Cannot be Ground for Imposing Penalty(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Chandigarh has held that penalty under Section 271(1) (a) of the Income Tax Act, 1961 cannot be levied on a char.....
Tags : Income Tax Appellate Tribunal, Cancellation of Registration to Society
CESTAT, Bangalore: Collection of Contribution to Build Corpus Fund Liable to Pay Service Tax(24.02.2020)
Customs Excise & Service Tax Appellate Tribunal (CESTAT), Bangalore has held that the collection of contribution to building a corpus fund to secure t.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Collection of Contribution to Build Corpus Fund
CESTAT, Chennai: No Denial of Refund of Cenvat Credit for Premises Being Unregistered(24.02.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has held that the refund of input Cenvat credit cannot be denied for the reasons o.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Denial of Refund of Cenvat Credit
ITAT, Mumbai: Interest on Investments in Co-operative Bank Eligible for Deduction(24.02.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest income earned by a co-operative society on its investments held with a co-oper.....
Tags : Income Tax Appellate Tribunal, Interest on Investments in Co-operative Bank
CESTAT, New Delhi Upholds Penalty Against Sales Managers for Evading Customs Duty(26.02.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi has upheld the order of the Commissioner of Inland Container Depot, wherein pena.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Penalty Against Sales Managers
NCLT, Mumbai Orders to Restore E-way Bill Facility for Taxpayers Undergoing Insolvency Proceedings(26.02.2020)
National Company Law Tribunal (NCLT), Mumbai has ordered to restore the e-way bill facility for taxpayers undergoing insolvency proceedings.
Tags : National Company Law Tribunal, E-way Bill Facility for Taxpayers Undergoing Insolvency Proceedings
ITAT, Bangalore: Reimbursement of Vehicle Expenses by Cab Owners Not Subject to TDS(27.02.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the payments made by the cab owners which are in the nature of reimbursement of vehicle .....
Tags : Income Tax Appellate Tribunal, Reimbursement of Vehicle Expenses by Cab Owners
ITAT, Chennai: Wife Eligible for Capital Gain Deduction Towards House Purchased in Husband’s Name(27.02.2020)
Income Tax Appellate Tribunal (ITAT), Chennai has held that the wife is eligible for deduction under Section 54 of the Income Tax Act, 1961 for the in.....
Tags : Income Tax Appellate Tribunal, Wife Eligible for Capital Gain Deduction
ITAT, Mumbai: Income From Cloud Hosting Services not Taxable Under ‘Royalty’(27.02.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that, Income from Cloud Hosting Services not Taxable under the head ‘Royalty’ within the meanin.....
Tags : Income Tax Appellate Tribunal, Income From Cloud Hosting Services
ITAT, Bangalore: Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure(27.02.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has granted relief to Cafe Coffee Day and held that foreign exchange loss due to the reinstatement of .....
Tags : Income Tax Appellate Tribunal, Foreign Exchange Loss on Repayment of Borrowings
CESTAT, Mumbai: Refund is Available on Swachh Bharat Cess Used for Export of Services(28.02.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that the Swachh Bharat Cess paid on input services has to be available as .....
Tags : Customs Excise and Service Tax Appellate Tribunal, Swachh Bharat Cess
Authority for Advance Rulings Denies Tax Exemption Under India-Mauritius Treaty(28.02.2020)
Authority for Advance Ruling has denied any benefit of the India-Mauritius tax treaty under which the applicable rates are a bit lower. The Authority .....
Tags : Authority for Advance Ruling, Tax Exemption Under India-Mauritius Treaty
ITAT, Delhi: Unsigned Balance Sheets Not Admissible as Evidence(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the unsigned balance sheets by Auditor or the Director of Company cannot be treated as relia.....
Tags : Income Tax Appellate Tribunal, Unsigned Balance Sheets
ITAT, Bangalore: Hindu Undivided Family Cannot be Taxed After Its Partition(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that once partition is completed and the Hindu Undivided Family (HUF) is dissolved, such HUF .....
Tags : Income Tax Appellate Tribunal, Hindu Undivided Family
ITAT, Kolkata: Swapping Company Shares Among Shareholders Does Not Attract Addition u/s 68(03.03.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has held that the provisions of Section 68 of the Income Tax Act, 1961 would not be applicable in case o.....
Tags : Income Tax Appellate Tribunal, Swapping Company Shares
ITAT, Pune: French Company Can’t be Taxed for Rendering IT Support Services to Indian Entities(03.03.2020)
Income Tax Appellate Tribunal (ITAT), Pune bench has held that the Information Technology (IT) support services rendered by a French Company to an Ind.....
Tags : Income Tax Appellate Tribunal, French Company Rendering IT Support
CESTAT, Hyderabad: Repair Services and Man Power Recruitment in Jammu & Kashmir, ‘Exempted Services’(04.03.2020)
Custom, Excise, and Service Tax Appellate Tribunal (CESTAT), Hyderabad has held that the repair services and manpower recruitment in the State of Jamm.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Repair Services and Man Power Recruitment
ITAT, Mumbai: Wrong Assumption or Incorrect Application Would Make Order Liable for Revision(04.03.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the wrong assumption of facts or incorrect application of the law would make the order liab.....
Tags : Income Tax Appellate Tribunal, Wrong Assumption or Incorrect Application
Govt Extends Due Date for Filing Statement of Financial Transaction to June 30(01.06.2017)
Central Government has extended last date for filing Statement of Financial Transaction (SFT) Returns to 30th June 2017.
Tags : Central Board of Direct Taxes, Financial Transaction
Assessee Has to Prove Tax Exemption: Supreme Court(31.07.2018)
Supreme Court has held that onus of proving a tax exemption where the guidelines aren’t clear would be on the assessee, and he cannot claim the benefi.....
Tags : Supreme Court, Income Tax
Govt. Extends Due Date for Filing GSTR-6 by Input Service Distributors(31.07.2018)
Central Board of Indirect Taxes and Customs ( CBIC ) has extended the last date for filing GSTR-6 by Input Service Distributors for the months of July.....
Tags : Goods and Services Tax
Income Tax Dept Can’t Recover Dues During Liquidation Process under IBC: Hyderabad HC(01.08.2018)
Hyderabad High Court has held that an order of attachment of the subject property by the Income Tax department cannot affect the completion of the sal.....
Tags : Hyderabad High Court, Tax, Insolvency
GST Council Approves Cashback for Digital Payments(06.08.2018)
GST Council has approved the decision to give incentives on digital payments using BHIM app. The Council approved 20% cashback for the transaction via.....
Tags : Goods and Services Tax
Kerala High Court Rejects Plea by Income Tax Officer Charged for Leaking Informant's Identity(30.05.2019)
Kerala High Court has refused to quash the disciplinary proceedings initiated against an Income Tax officer for allegedly leaking the identity of an i.....
Tags : Kerala High Court, Income Tax Officer
Finance Ministry Issues Directions to Clear Pending Income Tax Refunds(09.04.2020)
Finance Ministry has unveiled a raft of measures to ensure availability of cash in the system, including speeding up of held-up refunds worth Rs 18,00.....
Tags : Finance Ministry, Pending Income Tax Refunds
CESTAT, Mumbai: No Service Tax on Rent Received from Bullock Carts with Tyres & Without Driver(28.02.2020)
Customs Excise and Service Tax Appellate Tribunal ( CESTAT ), Mumbai has held that tyre Bullock Carts without bullocks and driver, provided by the App.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Rent Received from Bullock Carts with Tyres & Without Driver
CESTAT, Mumbai: Sahara India TV Network Can Utilize Cenvat Credit for Payment of Service Tax(28.02.2020)
Customs, Excise & Service Tax Appellate Tribunal (CESTAT) Mumbai has ruled that Sahara India TV Network is entitled to utilize Cenvat credit for payme.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Sahara India TV Network
ITAT, Ahmedabad: Deduction on Legal and Professional Fees Incurred to Improve Day to Day Working(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that general deduction on Legal and Professional Fees incurred for the improvement of day to .....
Tags : Income Tax Appellate Tribunal, Deduction on Legal and Professional Fees
ITAT, Ahmedabad: Expenses on Interest Payment on Loans Not Added While Computing Book Profit(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that expenses on account of interest payment on loans could not be added while computing book.....
Tags : Income Tax Appellate Tribunal, Computing Book Profit
ITAT, Pune: Stamp Value Would be Full Consideration Only if Payment Made Through Bank(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Pune has observed that the stamp value on the date of agreement to sell shall be considered as full value of con.....
Tags : Income Tax Appellate Tribunal, Stamp Value
ITAT, Bangalore Deletes Penalty on TDS Default by SBI on LTC Payments(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has deleted the penalty proceedings initiated by the tax department against the State bank of India ( .....
Tags : Income Tax Appellate Tribunal, Penalty on TDS Default by SBI
CESTAT, Mumbai Upholds Excise Duty Demand Against Cadbury(17.02.2020)
Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai has held that ‘milk crumb’ is marketable and hence Cadbury is liable to pay excise du.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Cadbury
ITAT, Cochin: Financial Crisis and Labour Unrest Sufficient Reasons to Condone Delay in Filing Appeal(18.02.2020)
Income Tax Appellate Tribunal (ITAT), Cochin has held that the reasons such as financial crisis and labour unrest are enough grounds for condoning the.....
Tags : Income Tax Appellate Tribunal, Condone Delay in Filing Appeal
CESTAT, New Delhi: Importer Not Obliged to Pay Any Amount on Advertisement and Sale Promotion(18.02.2020)
Custom, Excise, and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the expenditure incurred on the activities of advertisement and s.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Advertisement and Sale Promotion
ITAT, Bangalore: Royal Challengers Eligible for Tax Deduction for Contribution(18.02.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has allowed tax deduction to Royal Challengers Sports Pvt. Ltd. on its contribution of Rs. 15 Crores t.....
Tags : Income Tax Appellate Tribunal, Tax Deduction for Contribution, Royal Challengers
Telangana High Court: Summoning Income Tax Returns Does Not Violate Right to Privacy(18.02.2020)
Telangana High Court has held that a direction to produce income tax returns in Court will not violate the right to privacy under Article 21 of the Co.....
Tags : Telangana High Court, Summoning Income Tax Returns
ITAT, Delhi: License Fee Paid to Indian Railway Allowable as Depreciation(18.02.2020)
Income Tax Appellate Tribunal (ITAT), Delhi has held that depreciation under section 32 of the Income Tax Act, 1961 is allowable in respect of the amo.....
Tags : Income Tax Appellate Tribunal, License Fee Paid to Indian Railway
CBDT Notifies Income Tax Return Forms for AY 2019-20(05.04.2019)
Central Board of Direct Taxes (CBDT) has notified the income tax return forms for the Assessment Year 2019-20.
Tags : CBDT, Income Tax Return Forms, AY 2019-2020
ITAT, Mumbai: No Penalty If Non-Furnishing of Tax Audit Report was Due to Bona Fide Reasons(18.03.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the penalty under Section 271B of the Income Tax Act, 1961 is not leviable if there are bon.....
Tags : Income Tax Appellate Tribunal, Non-furnishing of Tax Audit Report
ITAT, Mumbai: Taxpayer Can Opt a Method Resulting in Lowest Tax Liability(19.03.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that if there exist two methods for tax payment, the Assessee can opt the method which would res.....
Tags : Income Tax Appellate Tribunal, Lowest Tax Liability
SC: Demand for Additional Tax Can be Made Only if Assessee Intended to Evade Tax(20.03.2020)
Supreme Court has observed that demand for Additional Tax under Section 143(1-A) of the Income Tax Act, 1961 can only be invoked when the lesser amoun.....
Tags : Supreme Court, Demand for Additional Tax
SC Stays Orders of Kerala & Allahabad HCs Restraining Centre from Recovering Tax(20.03.2020)
Supreme Court has stayed the general orders passed by the High Courts of Allahabad and Kerala which restrained the Centre from recovering revenue dues.....
Tags : Supreme Court, High Court Orders on Recovering Tax
Bombay HC: Profit Element Embedded in Purchases is Subject to Tax, Not Entire Amount(23.03.2020)
Bombay High Court has held that when the Tribunal had concluded that the Assessee did make the purchase, as a natural corollary, not the entire amount.....
Tags : Bombay High Court, Profit Element Taxable
ITAT: Mistake Committed by Advocate is Reasonable Cause for Condonation of Delay(10.05.2019)
Income Tax Appellate Tribunal (ITAT) has held that the mistake committed by Advocate is a reasonable cause for condonation of delay in filing appeals.
Tags : Income Tax Appellate Tribunal, condonation of delay
Service Tax Paid by Mistake Can’t be Refunded under Finance Act, 1994: CESTAT(10.05.2019)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that refund of the service tax paid by mistake cannot be processed under the Fina.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Finance Act, 1994
CESTAT, Ahmedabad: Input Tax Can’t be Denied Because Invoice Bears Handwritten Serial Number(30.03.2020)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that the input tax credit cannot be denied merely on the ground that t.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Handwritten Serial Number
Centre Brings Taxation Ordinance Extending Last Date for Compliance to 30th June(01.04.2020)
Ministry of Law and Justice has promulgated "The Taxation and Other Laws (Relaxation Of Certain Provisions) Ordinance, 2020" to give effect to the ann.....
Tags : Ministry of Law and Justice, The Taxation and Other Laws (Relaxation Of Certain Provisions) Ordinance, 2020
SC: No Additional Tax Demand u/s 143(1)(a) if There was No Intention to Evade Tax(01.04.2020)
Supreme Court has ruled that the additional tax under the provisions of Section 143(1)(a) of the Income Tax Act, 1961 cannot be imposed if there was n.....
Tags : Supreme Court, Additional Tax Demand
SC Allows NDTV's Appeal to Quash Income Tax Re-Assessment Notice(06.04.2020)
Supreme Court has allowed the appeal of New Delhi Television Ltd (NDTV) to quash the notice issued by the Income Tax Department seeking to re-open its.....
Tags : Supreme Court, New Delhi Television Ltd, Income Tax Re-Assessment Notice
CESTAT, Delhi: Service Tax Can’t be Levied for Independent Buildings Having One Residential Unit(23.03.2020)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has ruled that Service Tax cannot be levied under Construction of Complexes or Resi.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Independent Buildings
ITAT, Chennai Allows Depreciation on ATMs(23.03.2020)
Income Tax Appellate Tribunal (ITAT), Chennai has held that the Automated Teller Machines (ATM) would be eligible for the higher rate of depreciation .....
Tags : Income Tax Appellate Tribunal, Depreciation on ATM
CESTAT, Kolkata: No Service Tax on ‘Evacuation of Ash Pond” and Its Transportation(23.03.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata has held that the removal of fly ash from the pond cannot be termed as “Cleaning a.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Evacuation of Ash Pond
ITAT, Kolkata: No Addition on Share Premium if Shares Allotted Under Barter System(24.03.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has held that the Assessing Officer cannot invoke the provisions of Section 68 of the Income Tax Act, 19.....
Tags : Income Tax Appellate Tribunal, Addition on Share Premium
CESTAT, New Delhi: Area Based Exemption is Available to New Unit(24.03.2020)
Customs Excise and Services Tax Appellate Tribunal, New Delhi has held that area based exemption under Central Excise Rules, 2002 is available where t.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Area Based Exemption
ITAT, Pune: Income Tax Act, 1961 Has No Provisions to Condone Delay in Filing Misc. Applications(25.03.2020)
Income Tax Appellate Tribunal (ITAT), Pune, while dismissing a bunch of miscellaneous applications, has held that the Income Tax Act, 1961 does not ha.....
Tags : Income Tax Appellate Tribunal, Condonation of Delay in Filing Miscellaneous Applications.
CESTAT, Chennai: CCTV Charged at Rate of 15% Basic Customs Duty(04.03.2020)
Central Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has ruled that the Closed Circuit Television (CCTV) Cameras would be assessed at t.....
Tags : Customs Excise and Service Tax Appellate Tribunal, CCTV
Supreme Court Puts Onus on Cognizant in Buyback Tax Case(05.03.2020)
Supreme Court has said that the Income Tax Department’s communication dated 22nd March, 2018 may be treated as a show-cause notice and the Cognizant i.....
Tags : Supreme Court, Buyback Tax Case
CESTAT, New Delhi: Banking Services are Related to Collection of Export Proceeds(05.03.2020)
Customs Excise and Service Tax Appellate Tribunal, New Delhi has held that banking services are related to the collection of export proceeds and has a.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Banking Services
CBDT: Direct Tax Case Pending in Arbitration Without Appeal Eligible Under Vivad se Vishwas Scheme(06.03.2020)
Central Board of Direct Taxes has clarified that if the direct tax case is pending in arbitration without appeal pending, it is eligible to apply unde.....
Tags : Central Board of Direct Taxes, Vivad se Vishwas Scheme
ITAT, Bangalore: Warrant Expenses are Deductible from Book Profit(11.03.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the warrant expenses should be deducted from the book profit under Section 115JB of the .....
Tags : Income Tax Appellate Tribunal, Warrant Expenses
ITAT, Mumbai: Rent from Children Cannot be Treated as Tool for Evasion(11.03.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the rent received from son and daughter of the Assessee could not be treated as a tax evasi.....
Tags : Income Tax Appellate Tribunal, Rent from Children
ITAT, Mumbai: Reimbursement of Equipment Lost in Hole is Capital Receipt(12.03.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the reimbursement received by the Assessee-Company on account of equipment lost in hole is .....
Tags : Income Tax Appellate Tribunal, Equipment Lost in Hole
Tax Defaulters Need Not Apprehend Immediate Arrest on Issuance of Show Cause Notice: Karnataka HC(09.07.2018)
Karnataka High Court has observed that there need not be any apprehension of immediate arrest or detention in civil prison on issuance of a show cause.....
Tags : Karnataka High Court, Income Tax
Assessment Merely Based on Statements Recorded by CBI is Invaild: ITAT(10.07.2018)
Bengaluru bench of Income Tax Appellate Tribunal has held that additions made merely on the basis of statements recorded by the CBI is not valid .
Tags : Income Tax, CBI
Honorarium Paid to Chairman of Govt Company is Business Expenditure: ITAT(13.07.2018)
Delhi bench of Income Tax Appellate Tribunal in has held that honorarium paid to Chairman of a Government Company is allowable as business expenditure.....
Tags : Income Tax, Business Expenditure
AAR: Input Tax Credit Allowable on Debt Settlement(22.05.2019)
AAR West Bengal has held that the companies are eligible to claim the input tax credit even if the liability to pay for inputs between them, including.....
Tags : AAR, Input Tax Credit
ITAT, Kolkata: Disallowance of Deduction of Interest Income Should be Restricted to Net Interest(08.05.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has held that disallowance of deduction under Section 80IB(10) of the Income Tax Act, 1961 in respect of.....
Tags : Income Tax Appellate Tribunal, Disallowance of Deduction of Interest Income
Kerala HC Declares Kerala Tax on Paper Lotteries Act Unconstitutional(11.05.2020)
Kerala High Court has declared that the Kerala Tax on Paper Lotteries Act, 2005 is unconstitutional, observing that the Act was lacking legislative co.....
Tags : Kerala High Court, Kerala Tax on Paper Lotteries Act
ITAT, Bangalore: Name of Assessee’s Son on Purchase Document Not to Affect Deduction(11.05.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the Assessee cannot be denied the 50% of deduction under Section 54 of the Income Tax Ac.....
Tags : Income Tax Appellate Tribunal, Purchase Document
#GST: Kerala Assembly Passes State GST Bill, 2017(21.08.2017)
Kerala Legislative Assembly has passed the Kerala Goods and Services Tax Bill, 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies Amended CGST Rules, Releases Form for Grant of UIN to UN Bodies(21.08.2017)
Central Government has notified the amended Central Goods and Services Tax (CGST) Rules, 2017. It also released the application/form for grant of Uniq.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
#GST: Govt Notifies Date & Conditions for E-Filing of Form to Avail Transitional ITC(21.08.2017)
Central Government has notified the conditions for furnishing return in FORM GSTR-3B electronically through common portal for the month of July, 2017,.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
No Wealth Tax Exemption for Mysuru’s Erstwhile Royal Family: Karnataka HC(07.09.2018)
Karnataka HC has held that 28-acre land at Palace Grounds, in custody of Mysuru’s erstwhile royal family is not exempted from Wealth Tax.
Tags : Karnataka High Court, Wealth Tax
Bombay High Court Rejects AAAR Order Denying Input Tax Credit on ‘Cash Carry’ Vans(17.07.2019)
Bombay High Court has set aside an order passed by the Maharashtra Appellate Authority for Advance Ruling for Goods and Services Tax (AAAR) on admissi.....
Tags : Bombay High Court, Input Tax Credit
Income Tax Return Deadline for Financial Year 2018-19 Extended to August 31(24.07.2019)
Ministry of Finance has extended the deadline for filing income tax return for Financial Year 018-19 by individuals to August 31, 2019 from July 31, 2.....
Tags : Income Tax Return, Deadline
Karnataka HC: Non-Compliance of SOP Should Not be Ground to Prohibit Candidate from Writing Exam(30.07.2020)
Central Board of Direct Taxes ( CBDT ) has extended the due date of filing Income Tax Returns for the Financial Year 2018-19 to 30th September 2020.
Tags : Central Board of Direct Taxes, Income Tax Returns
Union Budget, 2019: No Change in Income Tax Slabs(05.07.2019)
Union Finance Minister Nirmala Sitharaman has informed there is no change in the income tax slabs being followed currently.
Tags : Union Budget 2019, Income Tax
ITAT, Mumbai: Interest Income Earned by HSBC Bank Not Eligible to Tax(14.07.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that interest income of Rs 1,498 crore earned by HSBC Bank during the assessment year 2015-16 f.....
Tags : Income Tax Appellate Tribunal, HSBC Bank
ITAT, Delhi Allows Taxmann Publication Claim of Depreciation on Intangible CMS Software(16.07.2020)
Income Tax Appellate Tribunal (ITAT), Delhi has directed the Assessing Officer to allow the Assessee, Taxmann Publication to claim depreciation on the.....
Tags : Income Tax Appellate Tribunal, Taxmann, Depreciation on CMS Software
ITAT, Jodhpur Grants Tax Exemption to Charitable Trust Providing Mid-Day Meals(16.07.2020)
Income Tax Appellate Tribunal (ITAT), Jodhpur has allowed income tax exemption to a charitable Trust engaging in the activity of providing mid-day mea.....
Tags : Income Tax Appellate Tribunal, Charitable Trust Providing Mid-Day Meals
ITAT, Mumbai Confirms Addition of Undisclosed Income of Renu T. Tharani(20.07.2020)
Income Tax Appellate Tribunal, Mumbai has allowed the sum of Rs 196 Crores held by HSBC Private Bank, Switzerland, in the name of Tharani Family Trust.....
Tags : Income Tax Appellate Tribunal, Renu T. Tharani
Madras HC: Time Limit for Availing Transitional Input Tax Credit Under GST Mandatory(21.07.2020)
Madras High Court has ruled that the time limit for availing Transitional Input Tax Credit (ITC) is mandatory in nature, not directory. The Court also.....
Tags : Madras High Court, Time Limit for Availing Transitional Input Tax Credit
SC Issues Notice to IT Dept on DK Shivakumar's Plea for Discharge from Tax Evasion Charges(21.07.2020)
Supreme Court has issued notice to the Income Tax Department in a plea filed by Karnataka Congress President, DK Shivakumar, urging the removal of cha.....
Tags : Supreme Court, Discharge from Tax Evasion Charges
Central Government Extends Due Date for filing GST TRAN-1 Till 27th December(17.11.2017)
Central Government has notified that the due date for filing FORM GST TRAN – 1 (with revision facility) extended to 27th December from 30th November 2.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt: GST is Not Payable on Advances Received for Supply of Goods(17.11.2017)
Central Government has exempted all taxpayers from payment of tax on advances received in case of supply of goods under the Central Goods and Services.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Suppliers Using E-Commerce Platform Having Turnover Below 20 lakhs Exempted From GST Registration(17.11.2017)
Central Government has notified that the threshold limit of turnover of Rs. 20 lakhs is also applicable to suppliers using e-commerce platform under t.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
GST: Government Extends Due Date for Filing ITC-04 Till December 31(17.11.2017)
Central Government has extended the due date for submission of details in FORM GST-ITC-04 under the Central Goods and Services Tax Act till 31st Decem.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Delhi High Court Upholds Powers of DGCEI on Investigating Service Tax Matters(19.11.2018)
Delhi High Court has upheld the powers of the Director General, Directorate General of Central Excise Intelligence ( DGCEI ) regarding the investigati.....
Tags : Delhi High Court, DGCEI, Service Tax Matter
ITAT, Delhi Allows Exemption to Association of State Road Transport Undertaking(29.09.2020)
Income Tax Appellate Tribunal (ITAT), New Delhi has allowed the exemption under Section 11 and 12 of the Income Tax Act, 1961 to Association of State .....
Tags : Income Tax Appellate Tribunal, Association of State Road Transport Undertaking
Punjab & Haryana HC Denies Anticipatory Bail to Excise and Taxation Officer(29.09.2020)
Punjab & Haryana High Court has refused to grant anticipatory bail to the Excise and Taxation Officer for allegedly taking gratification by corrupt or.....
Tags : Punjab & Haryana High Court, Excise and Taxation Officer
No Sales Tax to be Levied on Medicines and Surgical Tools Used in Medical Procedures: Kerala HC(21.01.2019)
Kerala High Court has ruled that medicines, implants and other materials used during procedures at hospitals do not constitute sale of goods, and henc.....
Tags : Kerala High Court, No Sales Tax to be Levied on Medicines and Surgical Tools
Kerala High Court Stays GST on Tax Collected at Source on Cars(21.01.2019)
Kerala High Court has stayed imposition of goods and services tax (GST) on tax collected at source (TCS).
Tags : Kerala High Court, GST on Tax Collected at Source on Cars
Lok Sabha Passes Taxation Laws (Amendment) Bill, 2019(03.12.2019)
Lok Sabha has passed a Bill to replace an Ordinance for effecting reduction of corporate tax rates. The Taxation Laws (Amendment) Bill, 2019 will amen.....
Tags : Lok Sabha, Taxation Laws (Amendment) Bill, 2019
ITAT, Bangalore Confirms Disallowance of Advertisement Expenses(08.12.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has confirmed the disallowance of advertisement expenses relating to the construction of the swimming .....
Tags : Income Tax Appellate Tribunal, Advertisement Expenses
ITAT: No Tax Applicable on India-Singapore Tax Treaty(08.12.2020)
Income Tax Appellate Tribunal (ITAT) has held that no tax applicable on the shipping income of foreign vessels under the India-Singapore Tax Treaty.
Tags : Income Tax Appellate Tribunal, India-Singapore Tax Treaty
CESTAT, Chandigarh: Service Tax Cannot be Imposed on Promotional Activities of Coca Cola Franchisee(08.12.2020)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh has held that service tax cannot be imposed on Coca Cola Franchisee for the pr.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Coca Cola
Madras HC: Entertainment Tax Not Applicable on Online Booking Charges for Cinema Tickets(09.12.2020)
Madras High Court has affirmed that the entertainment tax is not applicable on online booking charges for cinema tickets.
Tags : Madras High Court, Entertainment Tax on Cinema Tickets
Rajya Sabha Passes Taxation Laws (Amendment) Bill, 2019(06.12.2019)
Rajya Sabha has cleared the Taxation Laws (Amendment) Bill, 2019, replacing an Ordinance that was used to slash corporate tax rates to stimulate growt.....
Tags : Rajya Sabha, Taxation Laws (Amendment) Bill, 2019
Apex Court: For Sales Tax on Transfer of Right to Use Goods, Place of Contract is Relevant(09.12.2019)
Apex Court has clarified that for the purposes of levy of sales tax the place of the contract for transfer of right to use of goods is relevant than t.....
Tags : Apex Court, Sales Tax
ITAT, Jaipur: Exemption u/s 11 and 12 Allowable on Donation by Charitable Trust(01.12.2020)
Income Tax Appellate Tribunal (ITAT), Jaipur has given relief to Rajasthan Cricket Association and held that the exemption under Section 11 and 12 of .....
Tags : Income Tax Appellate Tribunal, Exemptions on Donations by Charitable Trust
ITAT, Mumbai: Taxpayer Can Add Price Paid for Amenities to Arrive atTotal Cost of Acquisition(02.12.2020)
Income-Tax Appellate Tribunal (ITAT), Mumbai has held that the taxpayer can add the price paid for amenities to a builder’s group company to arrive at.....
Tags : Income Tax Appellate Tribunal, Total Cost of Acquisition
CESTAT: CENVAT Credit Can’t be Denied on Sales Commission(02.12.2020)
Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT) has held that the CENVAT Credit cannot be denied on sales commission as it falls under.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, CENVAT Credit
CESTAT: No Service Tax Applicable on Permanent Transfer of IPR(02.12.2020)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that no service tax is applicable on permanent transfer of Intellectual Property.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Permanent Transfer of IPR
GST: Uttarkhand Defers E-Way Bill for 10 Days(05.02.2018)
Uttarakhand Government has notified that E-Way Bill is not necessary for next 10 days in respect of the movement of any goods within the State.
Tags : Goods and Services Tax
Maharashtra City Taxi Scheme: Bombay High Court Gives Maharashtra Govt 2 months to Set Fare Bracket(31.01.2019)
Bombay High Court has given Maharashtra Government 2 months to set fare bracket for taxis & aggregator cabs like Ola & Uber.
Tags : Bombay High Court, Maharashtra City Taxi Scheme
Maharashtra City Taxi Scheme: Bombay High Court Gives Maharashtra Govt 2 months to Set Fare Bracket(31.01.2019)
Bombay High Court has given Maharashtra Government 2 months to set fare bracket for taxis & aggregator cabs like Ola & Uber.
Tags : Bombay High Court, Maharashtra City Taxi Scheme
#Budget2019: Full Tax Rebate for Those Earning Up to Rs. 5 Lakh(01.02.2019)
Finance Minister has announced that individual taxpayers with annual income up to Rs.5 lakh will get full tax rebate.
Tags : #Budget2019, Budget 2019, Full Tax Rebate for Those Earning Up to Rs. 5 Lakh
#Budget2019: Government Increases Gratuity Limit to Rs. 30 Lakh(01.02.2019)
Union Finance Minister Piyush Goyal has announced increase in gratuity limit from Rs. 10 lakh to Rs. 30 lakh.
Tags : #Budget2019, Budget 2019, Full Tax Rebate for Those Earning Up to Rs. 5 Lakh
CBDT Extends Deadline for Filing of Income Tax Returns for J&K and Ladakh(26.12.2019)
Central Board of Direct Taxes has again extended the deadline for filing of all kinds of income tax returns to January 31, 2020, in the newly-created .....
Tags : CBDT, Income Tax Returns
Ministry of Finance Extends Due Date for Filing of Income Tax Returns(31.12.2020)
Ministry of Finance has extended the due date for filing of income tax returns for the financial year 2019-2020 (AY 2020-21) as follows: (A) The due d.....
Tags : Ministry of Finance, Due Date of Filing Income Tax Returns
AAAR upholds Order confirming GST Levy on Brand Fee and Reimbursement Expenses(12.12.2018)
Appellate Authority of Advance Ruling (AAAR) while upholding the order of AAR held that brand owner is liable to pay 18 percent Goods and Services Tax.....
Tags : Appellate Authority of Advance Ruling, Goods and Services Tax
President Promulgates Taxation Laws (Amendment) Ordinance, 2019(23.09.2019)
President has promulgated the Taxation Laws (Amendment) Ordinance 2019 to bring into effect the slew of corporate tax rate cuts announce by the Govern.....
Tags : President, Taxation Laws (Amendment) Ordinance, 2019
CBDT Notifies New Depreciation Rates on Vehicles Purchased Between 23.08. 2019 to 31.03.2020(24.09.2019)
Central Board of Direct Taxes(CBDT) has notified new depreciation rates of 30% and 45% on vehicles purchased between 23.08.2019 to 31.03.2020. The rat.....
Tags : Central Board of Direct Taxes, CBDT, New Depreciation Rates
Demonetisation Cases: Central Board of Direct Taxes Extends Taxman's Deadline to December 31(27.09.2019)
Central Board of Direct Taxes has extended the deadline up to December 31 for the Income-Tax department to complete the final assessment of about 87,0.....
Tags : Central Board of Direct Taxes, Demonetisation Cases
Income Tax Appellate Tribunal Revokes Penalty on Jamsetji Tata Trust(29.10.2020)
Income Tax Appellate Tribunal (ITAT) has revoked a Rs. 37 Crores penalty imposed on the Jamsetji Tata Trust by the income tax department, rejecting it.....
Tags : Income Tax Appellate Tribunal, Jamsetji Tata Trust
ITAT, Ahmedabad: Deduction Can be Claimed under R&D for Development of Mechanism(03.11.2020)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the deduction can be claimed under Research and Development (R&D) for Amount incurred to.....
Tags : Income Tax Appellate Tribunal, Deduction under R&D
Madras HC: Assessment Solely on Basis of Case Study is Invalid Under TNVAT Act(01.11.2017)
Madras High Court has held that the case study, though can be a reason for Revision Notice, cannot be the sole basis for completing assessment for the.....
Tags : Madras High Court, Value Added Tax
CBEC: Cut Pieces of Fabrics Attracts 5% GST(01.11.2017)
Central Board of Excise and Customs (CBEC) has said that 5% GST is applicable on Cut pieces of Fabrics under the Goods and Services Tax (GST) regime .
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
ITAT, Bangalore: Addition Cannot be Made If Gift is Invalid(06.11.2017)
Income Tax Appellate Tribunal, Bangalore has ruled that if the gift is invalid then no addition can be done in respect of the same under the provision.....
Tags : Income Tax Appellate Tribunal, Bangalore
DGCEI Officers have Jurisdiction Over All Service Tax Assessees in Country: Delhi HC(23.11.2018)
Delhi High Court has ruled that the Central Excise Officers of Directorate General of Central Excise Intelligence (DGCEI) have jurisdiction all over I.....
Tags : Delhi High Court, DGCEI, Service Tax
Construction of Houses for Slum People Under Govt Schemes not Subject to Service Tax: CESTAT(26.11.2018)
Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has held that the construction services provided to construct houses for slum people under a.....
Tags : CESTAT, Construction of Houses for Slum People, Service Tax
CESTAT, Bangalore: CENVAT Credit of Service Tax Can be Availed by Banks for ‘Output Services’(04.11.2020)
Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Bangalore has held that the CENVAT credit of service tax paid for insurance service recei.....
Tags : Customs, Excises, Service Taxes Appellate Tribunal, CENVAT Credit of Service Tax
AAAR, Maharashtra: GST on Property Tax, Water Charges, Etc. Amounts to ‘Supply’(13.11.2020)
Appellate Authority of Advance Ruling (AAAR), Maharashtra has upheld the ruling of the Authority of Advance Ruling and has ruled that Goods and Servic.....
Tags : Appellate Authority of Advance Ruling, GST on Property Tax, Water Charges, Etc
CBIC Notifies Jurisdiction of Jammu Commissionerate Over UT of J&K and Ladakh(04.11.2019)
Central Board of Indirect Taxes and Customs (CBIC) has notified Jurisdiction of Jammu Commissionerate over Union Territory of Jammu & Kashmir and Unio.....
Tags : Central Board of Indirect Taxes and Customs, Union Territory of Jammu & Kashmir, Union Territory of Ladakh, CBIC
Allahabad HC Refuses to Quash Charges Against Commissioner of Income Tax(18.11.2020)
Allahabad High Court has refused to quash charges in respect of offences of cheating, criminal conspiracy and Corruption against Commissioner of Incom.....
Tags : Allahabad High Court, Commissioner of Income Tax
ITAT, Mumbai: Mobilisation Fees Not ‘Royalty’ Under India-Singapore Tax Treaty(18.11.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the mobilisation fees received from the time charter of the vessel would not fall within de.....
Tags : Income Tax Appellate Tribunal, Mobilisation Fees
ITAT, Bangalore: Deduction Cannot be Denied on Non-Completion of Residential House(19.11.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the deduction under Section 54 of the Income Tax Act, 1961 cannot be denied for non-comp.....
Tags : Income Tax Appellate Tribunal, Non-Completion of Residential House
ITAT, Ahmedabad: Transaction Not Colorable Because Assessee Claimed Depreciation on Goodwill(19.11.2020)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the transaction cannot be regarded as a colorable device merely on the basis that assess.....
Tags : Income Tax Appellate Tribunal, Depreciation on Goodwill
Kerala HC Restrains Revenue from Recovering Amount Refunded as Levy of Service Tax(20.11.2020)
Kerala High Court has restrained the Revenue from recovering the amounts refunded since the levy of service tax on the payment in lieu of foreign agen.....
Tags : Kerala High Court, Amount Refunded as Levy of Service Tax
ITAT, Bangalore: EY Entitled to Deduction Under Section 10AA on Voluntary Transfer Pricing Adjustment(25.11.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the assessee is entitled to deduction under Section 10AA of the Income Tax Act, 1961 on .....
Tags : Income Tax Appellate Tribunal, EY, Voluntary Transfer Pricing Adjustment
Ministry of Finance Extends Due Date for Filing of Income Tax Returns(31.12.2020)
Ministry of Finance has extended the due date for filing of income tax returns for the financial year 2019-2020 (AY 2020-21) till 10th January, 2021. .....
Tags : Ministry of Finance, Due Date of Filing Income Tax Returns
CBIC Extends Deadline for Filing GST Annual Returns(31.12.2020)
Central Board of Indirect Taxes and Customs (CBIC) has extended the filing of Goods and Services Tax Annual Returns (GSTR-9) for the Financial Year 20.....
Tags : Central Board of Indirect Taxes and Customs, Filing of GST Annual Returns
Delhi HC: Failure to Comply with Section 144C of Income Tax Act Invalidates Assessment Order(04.01.2021)
Delhi High Court has held that the failure of the assessing officer to adhere to the "mandatory requirement" of Section 144C (1) of the Income Tax Act.....
Tags : Delhi High Court, Failure to Comply with Section 144C of Income Tax Act
ITAT, Bangalore: Registration has to be Granted if No Evidence of Malafide Activities(05.01.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has allowed the application for the registration holding that the registration has to be granted if th.....
Tags : Income Tax Appellate Tribunal, Registration of Trust
ITAT, Bangalore: Losses on Account of Exchange Fluctuation Allowed as Deduction(06.01.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that losses on account of exchange fluctuation on forward contracts are allowable as a deduct.....
Tags : Income Tax Appellate Tribunal, Losses on Exchange Fluctuation
ITAT, Mumbai: Addition of Unabated Assessment Without Incriminating Seized Material Not Sustainable(07.01.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the addition of unabated assessment without incriminating seized material for assessment un.....
Tags : Income Tax Appellate Tribunal, Addition of Unabated Assessment
CBIC Enables GSTR-9 Return Form on GST Portal(11.12.2020)
Central Board of Indirect Taxes (CBIC) has enabled the Goods and Service Tax Annual Return (GSTR-9) of Financial Year 2019-20 on the GST Portal.
Tags : Central Board of Indirect Taxes, GSTR-9 Return Form
Bombay HC: Banks Can Avail CENVAT Credit of Service Tax paid on Insurance Service(11.12.2020)
Bombay High Court held that the banks can avail CENVAT credit of service tax paid on insurance service received from Deposit Insurance Corporation.
Tags : Bombay High Court, CENVAT Credit of Service Tax
ITAT, Bangalore Stays Recovery of Outstanding Tax Arrears Against Google India(14.12.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has stayed the recovery of outstanding tax arrears to the tune of Rs.1260.56 Crores against Google Ind.....
Tags : Income Tax Appellate Tribunal, Google India
CESTAT, Delhi: No Service Tax Applicable on Additional Interest Recovered from Customers(14.12.2020)
Customs, Excise, Service Tax Appellate Tribunal (CESTAT), Delhi has held that service tax is not applicable on additional interest recovered from cust.....
Tags : Customs, Excise, Service Tax Appellate Tribunal, Additional Interest Against Delayed Payment
ITAT, Bangalore Directs Assessing Officer to Re-Adjudicate Matter of Wipro GE Healthcare(14.12.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has directed the Assessing Officer to re-adjudicate the matter of Wipro GE Healthcare in respect of tr.....
Tags : Income Tax Appellate Tribunal, Wipro GE Healthcare
Gujarat High Court Issues Notices Over Blocking of Input Tax Credit under Rule 86A(15.12.2020)
Gujarat High Court has issued the notices to the Central and State over blocking of Input Tax Credit (ITC) under Rule 86A of the Central Goods and Ser.....
Tags : Gujarat High Court, Blocking of Input Tax Credit
CBIC Extends Date for Completion of Anti-profiteering Probes(16.12.2020)
Central Board of Indirect Taxes and Customs (CBIC) has extended deadline for completion of anti-profiteering investigations by authorities till 31st M.....
Tags : Central Board of Indirect Taxes and Customs, Anti-profiteering Probes
ITAT, Mumbai: Cess Paid Can be Deducted Under Head ‘Profits and Gains of Business or Profession’(22.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the cess paid can be deducted while computing income chargeable under the head “profits and.....
Tags : Income Tax Appellate Tribunal, Cess Paid
CESTAT: Licence of Customs Broker Cannot be Revoked Without Cross-Examination(23.12.2020)
Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) held that the license of Customs Broker cannot be revoked without granting an opportunity .....
Tags : Customs, Excises, Service Taxes Appellate Tribunal, Licence of Customs Broker
ITAT, Mumbai: No Tax on Compensation Received for Loss of Trees(23.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that no Tax is applicable on Compensation received for loss of Trees.
Tags : Income Tax Appellate Tribunal, Compensation for Loss of Trees
Delhi HC: ITAT Ought to Set Aside Ex-Parte Order(24.12.2020)
Delhi High Court has held that the Income Tax Appellate Tribunal (ITAT) is ought to set aside ex-parte order, irrespective of final order decided the .....
Tags : Delhi High Court, Income Tax Appellate Tribunal, Ex-Parte Order
ITAT, Mumbai: Tata Trusts to Continue to be Exempt from Payment of Taxes(29.12.2020)
Income Tax Appellate Tribunal, Mumbai has quashed revisionary orders passed by the Commissioner (exemptions), which would have resulted in three Tata .....
Tags : Income Tax Appellate Tribunal, Tata Trusts
# GST Changes Applicable From 01.01.2021: Compulsory Payment by Cash of At Least 1% of Tax Liability(29.12.2020)
New Rule 86B has introduced restrictions on the use of amount of Input Tax Credit (ITC) available in electronic credit ledger. As per the said Rule, a.....
Tags : Tax Liability, Use of ITC
# GST Changes Applicable From 01.01.2021: Extension of Government Power Related to Tax Invoice(29.12.2020)
Finance Act, 2020 has amended Section 31(2) of the Central Goods and Service Act, 2017 to grant the power to the Government to specify, with respect t.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Tax Invoice
ITAT Cuttack: Non-Availability of PAN of Deductee Cannot be Used to Escape from Filing TDS(28.01.2020)
Income Tax Appellate Tribunal (ITAT), Cuttack has held that the non-availability of a Permanent Account Number (PAN) of the deductee is not an excuse .....
Tags : Income Tax Appellate Tribunal, Non- Availability of PAN, Filing of TDS
ITAT, Chennai: Simpliciter Interest Received for Delay in Payment Not Income from Business(16.02.2021)
Income Tax Appellate Tribunal (ITAT), Chennai has held that simpliciter interest received for delay in payment cannot be considered as income generate.....
Tags : Income Tax Appellate Tribunal, Simpliciter Interest
ITAT, Bangalore Quashes Re-assessment Proceedings Against Nike India Pvt. Ltd.(17.02.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has quashed re-assessment proceedings against Nike India Pvt. Ltd, which was reopened more than 4 year.....
Tags : Income Tax Appellate Tribunal, Nike India Pvt. Ltd.
Kerala Government Exempts Motor Vehicle Tax for Stage Carriers and Contract Carriages(18.02.2021)
Kerala Government has exempted all stage carriers and contract carriages registered in the State from paying motor vehicle tax for the January-March q.....
Tags : Kerala Government, Motor Vehicle Tax
CBIC Extends Sanction for Pending IGST Refund Claims on GSTR-1 and GSTR-3B(18.02.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the extension of Sanction for pending Integrated Goods and Services Tax refund claims .....
Tags : Central Board of Indirect Taxes and Customs, Pending IGST Refund Claims
ITAT, Mumbai: Provisions of Book Profit Not Applicable When No Income Tax Payable(19.02.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that the provisions relating to Book Profit will not be applicable when there is no income tax .....
Tags : Income Tax Appellate Tribunal, Book Profit
ITAT, Bangalore: Capital Gain Deduction Allowable for House Purchased Outside India(05.02.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has allowed a claim of deduction under Section 54/54F of the Income Tax Act, 1961 on a house purchased.....
Tags : Income Tax Appellate Tribunal, Capital Gain Deduction on House Purchased Outside India
ITAT, Allahabad: No Tax Applicable on Interest Income Linked to Power Plant(04.02.2021)
Income Tax Appellate Tribunal (ITAT), Allahabad has held that the no tax is applicable on the interest income linked with the power plant set up as it.....
Tags : Income Tax Appellate Tribunal, Interest Income Linked to Power Plant
Central Board of Indirect Taxes and Customs Notifies Customs Tariff Amendment Rules, 2021(04.02.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dump.....
Tags : Central Board of Indirect Taxes and Customs, Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2021
ITAT, Bangalore: Assessee Living in Joint Family, Gold Credit to be Given to All Members(05.02.2021)
Income Tax Appellate Tribunal, Bangalore has ruled that when the assessee is living in joint family, gold credit provided by the Commissioner of Incom.....
Tags : Income Tax Appellate Tribunal, Gold Credit
GSTN: Taxpayers can File Table 6A of Form GSTR-1 Separately Once Again(11.02.2021)
Goods and Services Tax Network (GSTN) has reintroduced the option to file Table 6A of Form GSTR-1 separately. The Table 6A of GSTR-1 needs export deta.....
Tags : GSTN, Taxpayers
ITAT, Pune: Sale Consideration for Sale of Software Products is Business Income(15.02.2021)
Income Tax Appellate Tribunal (ITAT) Pune has ruled that the sale consideration received for the sale of software products from the end-users, distrib.....
Tags : Income Tax Appellate Tribunal, Sale Consideration for Sale of Software Products
ITAT, Ahmedabad Imposes Penalty on Assessee for Delay in Filing Appeal and Non-Appearance(18.02.2020)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has imposed a penalty of Rs. 5000 on an Assessee on the grounds of a delay of 358 days in filing an ap.....
Tags : Income Tax Appellate Tribunal, Penalty on Assessee for Delay in Filing Appeal
ITAT, Pune: License Fees for Use of Industrial Parks Assessable as ‘Business Income’(18.02.2020)
Income Tax Appellate Tribunal (ITAT), Pune has recently held that the license fees received for the use of Industrial Parks should be assessed as busi.....
Tags : Income Tax Appellate Tribunal, License Fees for Use of Industrial Parks
ITAT, Bangalore: Belated Payment of Service Tax Collected Can be Allowed on Actual Payment(18.02.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that belated paid service tax collected to Government exchequer can be allowed on actual paym.....
Tags : Income Tax Appellate Tribunal, Belated Payment of Service Tax
ITAT, Delhi Allows Hero FinCorp to Delete Disallowance of Expenses Against Leased Rent(08.03.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has provided a relief to Hero FinCorp by deleting the disallowance of expenses claimed against lease rent.
Tags : Income Tax Appellate Tribunal, Hero FinCorp
ITAT, Chennai Directs AO to Allow Expenditure at Head Office Against Interest Income(08.03.2021)
Income Tax Appellate Tribunal (ITAT), Chennai has directed the Assessing Officer to allow expenditure incurred at Head Office except for director sala.....
Tags : Income Tax Appellate Tribunal, Expenditure at Head Office
ITAT, Mumbai: Uber India Not Liable to Deduct TDS for Payments Made to Drivers(09.03.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that Uber India is not liable to deduct tax at source (TDS) for payments made to the drivers, po.....
Tags : Income Tax Appellate Tribunal, Uber India
CBIC: ITC Can be Availed Based on Details Available in Form GSTR-2B(16.03.2021)
Central Board of Indirect Taxes and Customs (CBIC) has clarified that Input Tax Credit (ITC) can be availed based on details available in FORM GSTR-2B.....
Tags : Central Board of Indirect Taxes and Customs, Input Tax Credit
ITAT, Mumbai: Activities Undertaken by Builders Association Not Trade, Commerce or Business(16.03.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has allowed the exemption under section 11(1)(a) of the Income Tax Act, 1961 as activities undertaken by .....
Tags : Income Tax Appellate Tribunal, Activities Undertaken by Builders Association
Delhi HC: Assessee with Pending Tax Dispute May Avail Vivad Se Vishwas Act, 2020(17.03.2021)
Delhi High Court has held that benefits under the Direct Tax Vivad Se Vishwas Act, 2020 may be availed by an assessee whose tax dispute is 'pending' b.....
Tags : Delhi High Court, Assessee with Pending Tax Dispute
ITAT, Delhi: Notice u/s 143(2) to be Served within 6 Months(18.03.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has ruled that the notice issued under section 143(2) of the Income tax Act, 1961 has to be served upon th.....
Tags : Income Tax Appellate Tribunal, Notice u/s 143(2)
CESTAT, Ahmedabad: Nayara Energy Entitled to Cenvat Credit(18.03.2021)
Customs, Excise, Service Tax Appellate Tribunal (CESTAT), Ahmedabad has ruled that Nayara Energy is entitled to Cenvat Credit in respect of all the se.....
Tags : Customs, Excise, Service Tax Appellate Tribunal, Nayara Energy
CBDT Issues Clarification on Continuation of Concessional Rate of Tax on Interest Income of FPIs(18.03.2021)
Central Board of Direct Taxes (CBDT) has issued the clarification on the continuation of the concessional rate of tax on interest income of Foreign Po.....
Tags : Central Board of Direct Taxes, Concessional Rate of Tax on Interest Income of FPIs
Karnataka HC Allows CST Refund to Wipro for Period Covered by Foreign Trade Policy(08.08.2017)
Karnataka High Court has allowed Wipro GE Healthcare Private Limited's refund claim of around 20 crores paid as Central Sales Tax (CST) for the period.....
Tags : Karnataka High Court, Central Sales Tax
#GST: Govt Extends Time limit for Furnishing Returns(09.08.2017)
Government has extended date of filing returns under CGST Act, 2017. For July & August, FORM GSTR-1 can be filed between 01-05 Sep, 2017 and 16-20 Sep.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Bombay High Court: No TDS on Payments made for Providing SMS Services(09.08.2017)
Bombay High Court has held that there is no Tax Deduction at Source (TDS) liability on payment for providing SMS services under Section 194J of the In.....
Tags : Bombay High Court, Tax Deduction at Source
#GST: West Bengal Unanimously Passes State GST Bill(10.08.2017)
West Bengal Assembly has unanimously passed State Goods and Services Tax (SGST) Bill.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
No Penalty Since Assessee Surrenders Income During Assessment Proceedings: ITAT(18.09.2018)
Delhi Bench of ITAT has held that penalty under Section 271AAA of Income Tax Act, 1961 cannot be levied if assessee surrendered the income during the .....
Tags : ITAT, Income Tax, Surrender of income
GSTN Enables Option to Upload e-KYC Documents on GST Portal(13.04.2021)
Goods and Service Tax Network (GSTN) has enabled the option to authenticate the Aadhaar Card or upload e-KYC documents on GST Portal of Partner/ Promo.....
Tags : Goods and Service Tax Network, Uploading of e-KYC Documents
ITAT, Delhi: No Tax on Compensation for Acquisition of Agricultural Land by State Govt(15.04.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that no tax shall be payable on compensation for acquisition of agricultural land by the state go.....
Tags : Income Tax Appellate Tribunal, Compensation for Acquisition of Agricultural Land
CBDT Extends Deadline for Uploading UDIN for Audit Forms/Audit Certificates(05.04.2021)
Central Board of Direct Taxes (CBDT) has extended the deadline for uploading of UDIN for Audit Forms / Audit certificates till 30th April, 2021. The U.....
Tags : Central Board of Direct Taxes, Uploading UDIN for Audit Forms/Audit Certificates
CBIC Amends Notification Prescribing Effective Rate of Duty on Goods(05.04.2021)
Central Board of Indirect Taxes and Customs (CBIC) has amended the notification which seeks to prescribe effective rate of duty on goods consequent to.....
Tags : Central Board of Indirect Taxes and Customs, Effective Rate of Duty on Goods
CBDT Notifies Scrapping of Certain Forms for Income Tax Deductions(05.04.2021)
Central Board of Direct Taxes (CBDT) has notified that Form 10G, 56, 3CF-I, 3CF-II and 3CF-III under the Income Tax Act, 1961 ceased to be effective o.....
Tags : Central Board of Direct Taxes, Forms for Income Tax Deductions
ITAT, Mumbai: Incidental Activities of Trust of Charitable Purpose Not Commercial Activities(06.04.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that where the purpose of the trust is relief to poor, education, or medical relief, the other a.....
Tags : Income Tax Appellate Tribunal, Incidental Activities of Trust of Charitable Purpose
Karnataka HC: When Consumer Purchases Electricity from Open Access Source, Electricity Tax Payable(06.04.2021)
Karnataka High Court has held that whenever a consumer purchases electricity from Open Access Source, the tax on electricity will be chargeable on the.....
Tags : Karnataka High Court, Electricity Tax
CBIC Notifies Reduction in Applicability of GST E-invoicing Threshold(09.03.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the reduction in the applicability of Goods and Services Tax E-invoicing threshold fro.....
Tags : Central Board of Indirect Taxes and Customs, Applicability of GST E-invoicing Threshold
ITAT, Bangalore: Income of Assessee to be Estimated at 8% of Gross Turnover(10.03.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that the income of the assessee be estimated at 8% of the gross turnover if books of account.....
Tags : Income Tax Appellate Tribunal, Income of Assessee
CESTAT, New Delhi Quashes Countervailing Duty of 2.47% on Continuous Cast Copper Wire(10.03.2021)
Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), New Delhi has quashed the countervailing duty (CVD) of 2.47% on Continuous Cast Copper Wi.....
Tags : Customs, Excises, Service Taxes Appellate Tribunal, Continuous Cast Copper Wire
CBDT Notifies Amendment to Rule 10V for Computation of Remuneration Payable to Fund Managers(11.03.2021)
Central Board of Direct Taxes (CBDT) has notified Amendment to Rule 10V for Computation of Remuneration payable to Fund Managers. The Board notified t.....
Tags : Central Board of Direct Taxes, Income-tax (2nd Amendment) Rules, 2021
ITAT, Mumbai Denies Refund of Foreign Taxes Paid by Bank of India(12.03.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has denied in a recent order a refund in respect of foreign taxes aggregating to Rs 182.6 crore paid by B.....
Tags : Income Tax Appellate Tribunal, Bank of India
ITAT, Bangalore Extends Stay of Collection of Outstanding Tax Demand Against Google India(15.03.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has allowed the further extension of stay of collection of outstanding tax demand to the tune of Rs.12.....
Tags : Income Tax Appellate Tribunal, Google India
ITAT, Cuttack: Interest Not Leviable if TDS Paid Before Completion of Proceedings(15.03.2021)
Income Tax Appellate Tribunal (ITAT), Cuttack has ruled that no interest is leviable if Tax Deducted at Source (TDS) is timely deducted and paid to th.....
Tags : Income Tax Appellate Tribunal, Interst on TDS
CESTAT, Delhi: Cenvat Credit Admissible for Input Service Used in Storage Facilities(07.04.2021)
Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), Delhi has ruled that the Cenvat Credit is admissible for input service used in storag.....
Tags : Customs, Excises, and Service Taxes Appellate Tribunal, Cenvat Credit
ITAT, Jaipur Allows Deduction u/s 54F on Residential House Property Purchased in Name of Wife(07.04.2021)
Income Tax Appellate Tribunal (ITAT), Jaipur has allowed the deduction under section 54F of the Income Tax Act, 1961 in respect of residential house p.....
Tags : Income Tax Appellate Tribunal, Deduction u/s 54F on Residential House Property
CBIC Notifies Customs (Verification of Identity and Compliance) Regulations, 2021(07.04.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the Customs (Verification of Identity and Compliance) Regulations, 2021, which will be.....
Tags : Central Board of Indirect Taxes and Customs, Customs (Verification of Identity and Compliance) Regulations, 2021
GSTN Issues Advisory on Auto-population of E-Invoice Details Into GSTR-1(07.04.2021)
Goods and Services Tax Network (GSTN has issued Advisory on Auto-population of E-Invoice details into GSTR-1. The notified taxpayers have been advised.....
Tags : Goods and Services Tax Network, Auto-population of E-Invoice Details
CBDT Issues Approval for Notifying CIT(A) to Exercise Jurisdiction Post Faceless Appeal Scheme(09.04.2021)
Central Board of Direct Taxes (CBDT) has issued the approval for notifying Commissioners of Income-tax (Appeals) to exercise jurisdiction over appeals.....
Tags : Central Board of Direct Taxes, Faceless Appeal Scheme 2020
ITAT, Pune: Addition for Unexplained Cash Credit Can’t be Merely on Suspicion(12.03.2020)
Income Tax Appellate Tribunal (ITAT), Pune has held that additions for unexplained cash credits under Section 68 of the Income Tax Act, 1961 cannot be.....
Tags : Income Tax Appellate Tribunal, Unexplained Cash Credit
ITAT, Delhi: No Income Tax on Compensation Received on Compulsory Acquisition of Agricultural Land(12.03.2020)
Income Tax Appellate Tribunal (ITAT), Delhi has held that income tax cannot be levied on the compensation or enhanced compensation received on compuls.....
Tags : Income Tax Appellate Tribunal, Compensation on Compulsory Acquisition of Agricultural Land
ITAT, Cochin Denies Tax Exemption to Trust on Micro Finance Activity(12.03.2020)
Income Tax Appellate Tribunal (ITAT), Cochin has held that micro finance activity cannot be treated as charitable in nature for the purpose of allowin.....
Tags : Income Tax Appellate Tribunal, Micro Finance Activity
AAR, Gujarat: GST Applicable on Reverse Charge on Amount Paid for Reimbursement of Stamp Tax(20.04.2021)
Authority of Advance Ruling (AAR), Gujarat has ruled that the Goods and Services Tax is applicable on a reverse charge basis on the amount paid for re.....
Tags : Authority of Advance Ruling, Amount Paid for Reimbursement of Stamp Tax
CESTAT, Ahmedabad: Interest of Only Refundable Duty Admissible under Section 11BB(20.04.2021)
Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Ahmedabad has held that the interest of only refundable duty is admissible under Section .....
Tags : Customs, Excises, Service Taxes Appellate Tribunal, Interest of Refundable Duty
Madras HC: ITSC Cannot Force Income Tax Dept to Settle Disputes with Assessees(26.04.2021)
Madras High Court has ruled that Income Tax Settlement Commission (ITSC) cannot force the Income Tax Department to settle disputes with assessees if t.....
Tags : Madras High Court, Income Tax Settlement Commission
Bombay HC Scraps Three Rules for Assessing Property Tax(26.04.2019)
Bombay High Court has upheld a decade-old law that changed how property tax in Mumbai is assessed, but struck down three rules for assessment of capit.....
Tags : Bombay High Court, Property Tax
Bombay HC Scraps Three Rules for Assessing Property Tax(26.04.2019)
Bombay High Court has upheld a decade-old law that changed how property tax in Mumbai is assessed, but struck down three rules for assessment of capit.....
Tags : Bombay High Court, Property Tax
Gujarat HC: Section 84A of Gujarat Value Added Tax is Unconstitutional(21.04.2020)
Gujarat High Court has struck down Section 84A of the Gujarat Value Added Tax Act, 2003 holding that the provision is ultra vires and beyond the legis.....
Tags : Gujarat High Court, Section 84A Gujarat Value Added Tax Act
SC Upholds Constitutional Validity of Section 43B(f) of Income Tax Act(27.04.2020)
Supreme Court has upheld the constitutional validity of clause (f) of Section 43B of the Income Tax Act, 1961, reversing the judgment of the Calcutta .....
Tags : Supreme Court, Constitutional Validity of Section 43B(f) of Income Tax Act
SC: No Income Tax Liability for UAE Exchange in India(27.04.2020)
Supreme Court has ruled that no income tax can be levied on its liaison offices in India in respect of the principal business carried by it in United .....
Tags : Supreme Court, Income Tax Liability for UAE Exchange
ITAT, Hyderabad: Deduction Granted in First Year Cannot be Denied in Subsequent Years(11.05.2021)
Income Tax Appellate Tribunal (ITAT), Hyderabad has ruled that the deduction under section 80IA(4) of the Income Tax Act, 1961 granted in first year c.....
Tags : Income Tax Appellate Tribunal, Deduction Granted in First Year
Karnataka HC Directs State to Consider on Grant of Permits for Motorcycle Taxi Service(11.05.2021)
Karnataka High Court has directed the State government to in two months time consider and decide on the representation made for grant of permits for r.....
Tags : Karnataka High Court, Grant of Permits for Motorcycle Taxi Service
Re-Assessment Can’t Be Done Merely Because Some Aspects of Deduction Claim Not Examined: Gujarat HC(26.09.2018)
Gujarat High Court has held that Re-Assessment under Section 147/ 148 of the Income Tax Act, 1961 cannot be re-opened merely on the ground that some a.....
Tags : Gujarat High Court, Assessment, Income Tax
Supreme Court: Plea Based on Equity/Hardship not Valid in Tax Cases(26.07.2019)
Supreme Court has ruled that in a tax statute a plea based on equity or hardship is legally unsustainable and the constitutional validity of taxing pr.....
Tags : Supreme Court, Tax Cases
Toll Tax in Highways: Telangana High Court Directs Counsel to Produce List of Exempted Dignitaries(29.07.2019)
Telangana High Court while considering to grant an interim relief in connection with a writ petition filed by advocates D Vidyasagar and S Naresh has .....
Tags : Toll Tax, Telangana High Court
Supreme Court Directs Centre to Take Steps to Regulate App-Based Taxi Providers(31.07.2019)
Supreme Court has directed Centre to take appropriate steps to regulate app-based taxi services like Ola and Uber in the country. The Court was hearin.....
Tags : Supreme Court, App-Based Tax
Delhi High Court Displeased Over Wastage of Taxpayer Money to Remove Encroachers from Govt Land(01.08.2019)
Delhi High Court has directed the Centre to initiate prosecution against the CPWD officers who allowed the encroachment to go on since 1977 thereby ex.....
Tags : Delhi High Court, Taxpayer Money
CBDT Relaxes Electronic Filing of Income Tax Forms 15CA / 15CB in View of Technical Difficulties(15.06.2021)
Central Board of Direct Taxes (CBDT) has relaxed the Electronic Filing of Income Tax Forms 15CA / 15CB, in view of the difficulties reported by taxpay.....
Tags : Central Board of Direct Taxes, Electronic Filing of Income Tax Forms 15CA / 15CB
ITAT, Delhi: Actual Receipt of Money by Assessee is Mandatory for Unexplained Cash Credit(29.04.2021)
Income Tax Appellate Tribunal (ITAT), Delhi, while providing the relief to the Zexus Air Services Pvt. Ltd., has ruled that actual receipt of money by.....
Tags : Income Tax Appellate Tribunal, Unexplained Cash Credit
SC: Deduction Under Section 80-IA Income Tax Act Not Restricted to 'Business Income' Only(29.04.2021)
Supreme Court has held that the scope of sub-section (5) of Section 80- IA of the Income Tax Act, 1961 is limited to determination of quantum of deduc.....
Tags : Supreme Court, Deduction Under Section 80-IA Income Tax Act
ITAT, Hyderabad: Property Ceases to be Business Asset When No Depreciation Claimed(30.04.2021)
Income Tax Appellate Tribunal (ITAT), Hyderabad has ruled that Property ceases to be a business asset when no depreciation is claimed and profit and g.....
Tags : Income Tax Appellate Tribunal, Property
CBIC Notifies Ad hoc Exemption from IGST on Imports of Specified COVID-19 Relief Material(04.05.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the Ad hoc Exemption from Integrated Goods and Services Tax on imports of specified CO.....
Tags : Central Board of Indirect Taxes, IGST on Imports of Specified COVID-19 Relief Material
CBDT Notifies Pension Fund Named CDPQ Fixed Income XI Inc. Eligible for Exemption(06.05.2021)
Central Board of Direct Taxes (CBDT) has notified a Pension Fund namely CDPQ Fixed Income XI Inc. as eligible for exemption of Income from dividends, .....
Tags : Central Board of Direct Taxes, CDPQ Fixed Income XI Inc.
CBDT Notifies Amendment in Income Tax Rules for Exemption on Travel Concessions(07.05.2021)
Central Board of Direct Taxes (CBDT) has notified the amendment in Rule 2B of the Income Tax Rules, 1962 where the provisions relating to exemption in.....
Tags : Central Board of Direct Taxes, Exemption on Travel Concessions
Govt Defers Reverse Charge Mechanism under GST till 31st March(16.10.2017)
Central Government has notified that the implementation of provisions relating to reverse charge mechanism will be applicable from 1st April 2018.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Prescribes Method for Payment of Tax on Issuance of Invoice by Registered Persons(16.10.2017)
Central Board of Excise and Customs (CBEC) has notified method for making payment of tax on issuance of invoice by registered persons having aggregate.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Empowers State Tax Officers for Processing and Grant of Refund under CGST Act(16.10.2017)
Central Government has issued a notification seeking to cross-empower State Tax officers for processing and grant of refund under the Central Goods an.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Returns Filing Date by Person Supplying Online Info & Database Access Services Extended till 20th Nov(16.10.2017)
Central Board of Excise and Customs (CBEC) has extended due date of filing return for persons providing Online Information and Database Access or Retr.....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Govt Extends Timelimit for Filing ITC-01 to 31st October(16.10.2017)
Central Government has notified extension of time limit for making declaration GST ITC-01 to avail Input Tax Credit till the 31st day of October 2017.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Government Notifies E-Assessment Scheme 2019 for Faceless Scrutiny of Income Tax Return(16.09.2019)
Central Government has notified that the E-assessment Scheme, 2019 that aims to completely eliminate the interactions between the tax authorities and .....
Tags : E-Assessment Scheme 2019, Income Tax Return
ITAT, Mumbai Directs AO to Set Off MAT Credit in Relief to Tata Motors(30.07.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has directed the Assessing Officer to set off of (MAT) credit inclusive of surcharge, education cess in a.....
Tags : Income Tax Appellate Tribunal, Tata Motors
Company can Claim Income Tax Credits on Maintenance of Guest House, Training Hostels: AAR(16.10.2018)
Authority for Advance Ruling, Odisha has granted a ruling on entitlement to take credit of tax paid on various goods and services used for maintenance.....
Tags : AAR, Income Tax Credits
Bring ‘Order and Discipline’ in Granting Refunds: Bombay High Court Directs Tax Deptartment(16.10.2018)
Bombay High Court has directed income tax department to bring some order and discipline to granting refunds and also clarified that it is the duty of .....
Tags : Bombay High Court, Refund, Tax Department
Gujarat High Court Slams Sales Tax Authority on Grounds of Revenue Collection from Private Firm(21.08.2019)
Gujarat High Court has slammed Sales Tax Authority for collecting revenue from a private firm Micromax Informatics Limited. The High Court has termed .....
Tags : Gujarat High Court, Sales Tax Authority
CBIC Launches Online Filing of Application for Authorised Economic Operators(13.07.2021)
Central Board of Indirect Taxes & Customs (CBIC) has inaugurated the online filing of Authorised Economic Operators (AEO) T2 and T3 applications. The .....
Tags : Central Board of Indirect Taxes & Customs, Filing of Application for Authorised Economic Operators
CBDT Approves Income Tax Exemption to Patanjali Research Foundation Trust(14.07.2021)
Central Board of Direct Taxes (CBDT) has approved the Income Tax Exemption to Patanjali Research Foundation Trust based in Haridwar under the category.....
Tags : Central Board of Direct Taxes, Patanjali Research Foundation Trust
ITAT, Mumbai Grants Relief to Red Hat India Pvt Ltd as AO Did Not Follow DRP’s Directions(05.07.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that adjustment relating to International Transactions pertaining to the provision of software .....
Tags : Income Tax Appellate Tribunal, Red Hat India Private Limited
CESTAT, Delhi: Finished Goods Not Liable for Confiscation in Absence of Any Finding(05.07.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi has ruled that the finished goods are not liable for confiscation in absence of an.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Finished Goods
CESTAT, Bangalore Allows Refund of Cenvat Credit as Transition Merely an Error(05.07.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Bangalore has allowed the refund of cenvat credit as the transition of refund amount mer.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Refund of Cenvat Credit
CBDT Extends Electronic Filing of Income Tax Forms 15CA / 15CB(06.07.2021)
Central Board of Direct Taxes (CBDT) has extended the electronic filing of Income Tax Forms 15CA/15CB to 15th July, 2021. Taxpayers can submit the sai.....
Tags : Central Board of Direct Taxes, Electronic Filing of Income Tax Forms 15CA / 15CB
CESTAT, Delhi Directs Department to Allow Refund of Excise Duty Paid by Ray-Ban India(06.07.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has directed the central excise department to allow refund of excise duty paid by t.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Ray-Ban India
ITAT, Delhi Upholds Income Tax Addition of 3.9 Crores against Indian Franchise of KFC, Pizza Hut(07.07.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has upheld an Income Tax addition of Rs. 3,91,94,260 against Indian franchise of KFC, Pizza Hut, holding t.....
Tags : Income Tax Appellate Tribunal, KFC, Pizza Hut
CBIC Extends Due Date for Filing FY19 GST Returns(30.09.2020)
Central Board of Indirect Taxes and Customs has extended the due date for filing annual goods and services tax returns for the financial year ended Ma.....
Tags : Central Board of Indirect Taxes and Customs, GST Returns
#Major Changes Implementing From Today: 5% Tax to be Levied on Foreign Fund Transfer(01.10.2020)
Any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above Rs.7 Lakhs, will attract a tax-collected-at source .....
Tags : Foreign Fund Transfer, Tax Collected at Source
#Major Changes Implementing From Today: New Tax Collected at Source (TCS) Regime(01.10.2020)
Income Tax Department has issued guidelines for applicability of Tax Collected at Source (TCS) provision which requires an e-commerce operator to dedu.....
Tags : Income Tax Department, Tax Colleced at Source, E-Commerce Operator
CBDT Notifies Constitution of Special Court for Income Tax and Black Money Cases(06.08.2021)
Central Board of Direct Taxes (CBDT) has notified the constitution of special courts under section 280A(1) of the Income Tax Act, 1961 and section 84 .....
Tags : Central Board of Direct Taxes, Special Court for Income Tax and Black Money Cases
Madras High Court Comes Down on Actor Dhanush for Seeking Entry Tax Exemption on Rolls Royce(06.08.2021)
Madras High Court has disposed of a 2015 writ petition filed by actor Dhanush pertaining to the payment of entry tax on a Rolls Royce Ghost car import.....
Tags : Madras High Court, Entry Tax Exemption on Rolls Royce
Finance Minister Tables Taxation Laws Amendment Bill to Withdraw Retrospective Tax(06.08.2021)
Finance Minister Nirmala Sitharaman has tabled the Taxation Laws Amendment Bill in Lok Sabha, which seeks to withdraw the contentious retrospective ta.....
Tags : Finance Ministry, Taxation Laws Amendment Bill
ITAT, Bangalore: Long Term Capital Loss to be Computed from Date of Possession of Property(22.06.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that long term capital loss is to be computed from the date of possession of Property and not.....
Tags : Income Tax Appellate Tribunal, Long Term Capital Loss
CESTAT, Delhi: Manufacturer Entitled to Avail Cenvat Credit on Port Charges(22.06.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi has ruled that the manufacturer is entitled to avail cenvat credit on port charges.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Cenvat Credit on Port Charges
CESTAT, Mumbai Deletes Custom Duties, Penalties on Retail Packing of Diapers and Sanitary Napkins(22.06.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai has provided relief to the Godrej Hygiene Products Ltd, by deleting the Customs d.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Custom Duties, Penalties on Retail Packing of Diapers and Sanitary Napkins
ITAT, Indore: Revisional Jurisdiction Cannot be Invoked if Assessment Orders Not Erroneous(30.06.2021)
Income Tax Appellate Tribunal (ITAT), Indore has held that revisional jurisdiction under Section 263 of the Income Tax Act, 1961 cannot be invoked if .....
Tags : Income Tax Appellate Tribunal, Revisional Jurisdiction
CBIC Notifies Waiver of Amount of Penalty for Non-Compliance to GST Invoice QR Code Provisions(01.07.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the waiver of the amount of penalty for non-compliance to Goods and Service Tax (GST) .....
Tags : Central Board of Indirect Taxes and Customs, Non-Compliance to GST Invoice QR Code Provisions
CBIC Notifies Covid-19 Testing of Live Animals Before Importing Into India(01.07.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the requirement of COVID-19 testing in live animals before importing into India. The B.....
Tags : Central Board of Indirect Taxes and Customs, Covid Testing of Imported Live Animals
ITAT: Interest on Enhanced Compensation Recd. under LA Act Not Subject to Capital Gain Tax(28.09.2017)
Income Tax Appellate Tribunal (ITAT) has held that the interest received on enhanced compensation for land compulsorily acquired under the Land Acquis.....
Tags : Income Tax Appellate Tribunal, Capital Gain, Land Acquisition Act
Government Exempts Receipts from FIFA Under-17 Football World Cup from Income Tax Net(28.09.2017)
Central Government has notified income tax relief to FIFA under-17 Football World Cup which will run from October 6 to 28 by exempted the World Cup as.....
Tags : FIFA Under-17 Football World Cup, Tax Exemption
Bombay High Court: LBT Leviable On SIM Cards & Recharge Coupons, Not On E-Recharge(28.09.2017)
Bombay High Court has held that Local Body Tax (LBT) cannot be levied on e-recharge, but leviable on SIM cards and recharge coupons once those enter w.....
Tags : Bombay High Court, Local Body Tax
ITAT, Mumbai Deletes Tax Claim on Vodafone Rights Issue(15.09.2020)
Income Tax Appellate Tribunal, Mumbai has deleted the addition of Rs 795 Crores by tax authorities as income received from nine Mauritian entities tha.....
Tags : Income Tax Appellate Tribunal, Tax Claim on Vodafone Rights Issue
ITAT, Bangalore: No Restriction in Challenging Intimation Passed on Ratification of Mistake(16.09.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that there is no restriction in challenging intimation passed on ratification of mistake unde.....
Tags : Income Tax Appellate Tribunal, Ratification of Mistake
CESTAT, Delhi: Importer Cannot be Held Liable for Non-Generation of Bills of Entry Numbers(17.08.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has held that the importer cannot be held liable for the non-generation of Bills of.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Non-Generation of Bills of Entry Numbers
ITAT, Delhi Gives Relief on DDT by Local Companies on Dividends to Foreign Shareholders(15.10.2020)
Income-Tax Appellate Tribunal (ITAT), Delhi has ruled that dividend distribution tax (DDT) payable by Indian companies on dividends distributed to non.....
Tags : Income Tax Appellate Tribunal, Dividend Distribution Tax
Delhi HC Issues Notices in Plea Challenging 'Faceless Income Tax Appeal Scheme 2020'(20.10.2020)
Delhi High Court has issued a notice to Union of India and Income Tax Department on a petition challenging the 'Faceless Income Tax Appeal Scheme, 202.....
Tags : Delhi High Court, Faceless Income Tax Appeal Scheme 2020
CBDT Notifies Exception to Faceless Assessment Scheme(07.09.2021)
Central Board of Direct Taxes (CBDT) has notified that Assessment Orders to be passed by National Faceless Assessment Centre (NaFAC) under section 144.....
Tags : Central Board of Direct Taxes, Faceless Assessment Scheme
CESTAT, Hyderabad: SEZ Act to Have Overriding Effect Over Service Tax Laws(08.09.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad has ruled that Special Economic Zone (SEZ) Act, 2005 has an overriding effect o.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, SEZ Act
ITAT, Mumbai Deletes Income Tax Penalty Against Bollywood Actress Preity Zinta(08.09.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has deleted a penalty order imposed against the actress Preity Zinta. The department has imposed the pena.....
Tags : Income Tax Appellate Tribunal, Preity Zinta
CBDT Amends IT Rules to Ease Authentication of Electronic Records in Faceless Assessment Proceedings(08.09.2021)
Central Board of Direct Taxes has amended Income-tax Rules, 1962 (‘the Rules’) vide notification no G.S.R. 616(E) dated 6th September 2021 for easing .....
Tags : Central Board of Direct Taxes, Authentication of Electronic Records in Faceless Assessment Proceedings
ITAT, Mumbai: No TDS on Sales Commission Paid to Overseas Agents(04.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that tax cannot be detected at source on Sales Commission paid to Overseas Agents not having Per.....
Tags : Income Tax Appellate Tribunal, Sales Commission Paid to Overseas Agents
ITAT, Bangalore: No TDS Applicable on Reimbursement of Actual Cab Expenses(04.12.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that no TDS (Tax Deducted at Source) is applicable on the reimbursement of the actual cab exp.....
Tags : Income Tax Appellate Tribunal, Reimbursement of Cab Expenses
ITAT, Mumbai: No Disallowance of Interest on Borrowed Capital for Business Purposes(04.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that interest paid on borrowed funds used for business purposes cannot be disallowed.
Tags : Income Tax Appellate Tribunal, Disallowance of Interest on Borrowed Capital
ITAT, Mumbai: Data Processing Cost Paid by KBC Bank Branch to Head Office Isn’t Royalty(04.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has upheld the order passed by CIT(A) holding that the Data Processing Cost paid by the KBC Bank Branch t.....
Tags : Income Tax Appellate Tribunal, KBC Bank Branch
CESTAT, Delhi Sanctions Refund of CVD and SAD Paid u/s 142 of GST(28.09.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has sanctioned refund of Countervailing Duty (CVD) and Special Additional Duty (SAD.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Refund of CVD and SAD
ITAT: Single Transaction of Buying and Selling of Shares Can’t be Treated as Business Activity(29.09.2021)
Income Tax Appellate Tribunal (ITAT), Chennai has held that a single transaction of buying and selling of shares cannot be treated as a business acti.....
Tags : Income Tax Appellate Tribunal, Single Transaction of Buying and Selling of Shares
ITAT, Chennai: Capital Gain Exemption Cannot be Denied to Assessee Merely on Basis of Facts(29.09.2021)
Income Tax Appellate Tribunal (ITAT), Chennai has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 cannot be denied .....
Tags : Income Tax Appellate Tribunal, Capital Gain Exemption
Delhi High Court Upholds Power to Conduct Service Tax Audit(04.11.2020)
Delhi High Court held that Section 174(2) (e) of the Central Goods and Services Tax Act, 2017 specifically empowers the authorities to institute any i.....
Tags : Delhi High Court, Service Tax Audit
ITAT, Bangalore: Payment to Federation of Indian Mineral Industries Deductible Business Expenditure(24.08.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the payment made to the federation of Indian Mineral Industries is deductible from the b.....
Tags : Income Tax Appellate Tribunal, Payment to Federation of Indian Mineral Industries
CESTAT, Delhi Quashes Service Tax Commissioner Order Confirming Recovery of CENVAT Credit(26.08.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi has quashed the Service Tax Commissioner’s Order confirming recovery of CENVAT cre.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Order Confirming Recovery of CENVAT Credit
Delhi HC Asks Director General of Income Tax to Resolve Glitches in Income Tax Portal(31.08.2021)
Delhi High Court has asked the Director General of Income Tax to resolve the glitches in the income tax portal while observing that the new software s.....
Tags : Delhi High Court, Glitches in Income Tax Portal
CBIC Extends Transitional Provisions of Sea Cargo Manifest & Transhipment Regulations(02.09.2021)
Central Board of Indirect taxes and Customs (CBIC) has notified the extension of transitional provisions of Sea Cargo Manifest & Transhipment Regulati.....
Tags : Central Board of Indirect taxes and Customs, Transitional Provisions of Sea Cargo Manifest & Transhipment Regulations
CBDT Extends Last date of Payment Under Vivad se Vishwas(02.09.2021)
Central Board of Direct Tax (CBDT) has notified the extension of the last date of payment under Vivad se Vishwas which was earlier extended to 31st Au.....
Tags : Central Board of Direct Tax, Last date of Payment Under Vivad se Vishwas
ITAT, Mumbai: Company Granting Bonus to Employees or Shareholder Entitled to Tax Benefits(25.11.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the company which is granting bonuses to its employees or shareholders is entitled to tax b.....
Tags : Income Tax Appellate Tribunal, Company Granting Bonus
Income Tax Appellate Tribunal (ITAT), Bangalore Confirms Disallowance Against Nike India(25.11.2020)
Income Tax Appellate Tribunal (ITAT), Bangalore has confirmed disallowance against Nike India, stating that the burden of expenditure for new product .....
Tags : Income Tax Appellate Tribunal, Nike India
SC Asks Madras HC to Decide Constitutional Validity of Section 40(a)(iib) of Income Tax Act(26.11.2020)
Supreme Court has directed the Madras High Court to decide the constitutional validity of Section 40(a)(iib) of the Income Tax Act, 1961.
Tags : Supreme Court, Constitutional Validity of Section 40(a)(iib) of Income Tax Act
ITAT, New Delhi Deletes Addition Against Hindustan Coca Cola Beverages(27.11.2020)
Income Tax Appellate Tribunal (ITAT), New Delhi has deleted the addition against Hindustan Coca Cola Beverages and has held that no tax is applicable .....
Tags : Income Tax Appellate Tribunal, Hindustan Coca Cola Beverages
CESTAT, Delhi: No Service Tax Payable on Services Provided by Government Company(18.10.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has ruled that no Service Tax payable on services provided to Government Company fo.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Transmission of Electricity
Income Tax Appellate Tribunal, Delhi: 10% Presumptive Tax on Hiring of Security Guards(19.10.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has ruled that 10% Presumptive Tax shall be applicable on business of hiring security guards for customers.....
Tags : Income Tax Appellate Tribunal, Hiring of Security Guards
ITAT, Amritsar Allows Registration Under Section 12A to Educational Welfare Society(19.10.2021)
Income Tax Appellate Tribunal (ITAT), Amritsar has allowed Registration under Section 12A of the Income Tax Act, 1960 to an Educational Welfare Societ.....
Tags : Income Tax Appellate Tribunal, Educational Welfare Society
ITAT, Jodhpur: Genuineness of Cash in Hand Not Dependent on Time Gap Between Withdrawal and Deposit(20.09.2021)
Income Tax Appellate Tribunal (ITAT), Jodhpur has ruled that mere time gap between Withdrawals and Deposits cannot be a sole basis for suspecting genu.....
Tags : Income Tax Appellate Tribunal, Genuineness of Cash in Hand
SC: Amount of Income Tax Deductible or Collectible at Source Can be Reduced by Assessee(21.09.2021)
Supreme Court has held that the amount of income tax which is deductible or collectible at source can be reduced by the assessee while calculating adv.....
Tags : Supreme Court, Income Tax Deductible or Collectible at Source
CBIC Directs GSTN to Waive Off Late Fees and Interest Due to Technical Glitches(22.09.2021)
Central Board of Indirect Taxes and Customs (CBIC) has directed the Goods and Service Tax Networks to waive off Late Fees and interest for one day du.....
Tags : Central Board of Indirect Taxes and Customs, Late Fees and Interest
CBDT Notifies Income Tax Exemption for BCI IRR India Holdings Inc. on Eligible Investment(22.09.2021)
Central Board of Direct Taxes (CBDT) has specified the BCI IRR India Holdings Inc. for the purposes of the said clause in respect of the eligible inve.....
Tags : Central Board of Direct Taxes, BCI IRR India Holdings Inc.
ITAT, Delhi: Western Union Cannot be Subject to Income Tax for Business Profit Earned in India(22.09.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Western Union cannot be subject to income tax for the business profit earned in India in.....
Tags : Income Tax Appellate Tribunal, Western Union
Customs, Excise & Service Tax Appellate Tribunal Mumbai Quashes Show Cause Notice Issued After 5 Year(10.01.2020)
Customs, Excise & Service Tax Appellate Tribunal Mumbai has set aside the order of the Commissioner of Appeals stating that show cause notice issued a.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, Show-Cause Notice
Central Board of Direct Taxes Introduces Faceless Penalty Scheme 2021(14.01.2021)
Central Board of Direct Taxes (CBDT) has introduced the Faceless Penalty Scheme 2021 which will digitise issuing of penalties on assessees under the f.....
Tags : Central Board of Direct Taxes, Faceless Penalty Scheme 2021
SC Stays CESTAT Judgment Confirming Levy of Service Tax on Operation of Parking Facility(14.01.2021)
Supreme Court has stayed a judgment of the Customs, Excise and Service Tax Appellate Tribunal, which had confirmed levy of Service Tax under the head .....
Tags : Supreme Court, Service Tax on Operation of Parking Facility
Delhi HC: Remand Power Not to be Exercised by ITAT in Routine Matter(19.01.2021)
Delhi High Court has held that the remand is not a power to be exercised by Income Tax Appellate Tribunal in a routine manner but to be used sparingly.....
Tags : Delhi High Court, Income Tax Appellate Tribunal
Tripura HC Disallows Rectification of Tax Invoices as Not Covered Under S. 161 CGST Act(21.01.2021)
Tripura High Court has disallowed the rectification of tax invoices as not covered under Section 161 of the Central Goods and Services Tax Act, 2017 a.....
Tags : Tripura High Court, Rectification of Tax Invoices
ITAT: Vodafone Idea Not Liable to Deduct TDS on Discount Extended to Pre-paid Distributors(22.01.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Vodafone Idea Ltd. is not liable to deduct TDS on discount extended to its pre-paid dist.....
Tags : Income Tax Appellate Tribunal, Vodafone Idea Ltd.
Madras HC Grants Property Tax Exemption for Community Health and Development Department Building(17.11.2021)
Madras High Court has granted the property tax exemption for community health and development department building, which provides health care faciliti.....
Tags : Madras HC, Property Tax Exemption
Gujarat High Court Asks CBDT to Decide on Extension of Deadline by January 12(11.01.2021)
Gujarat High Court has directed Central Board of Direct Taxation (CBDT) to take a decision by 12th January, 2021 on the extension of filing of Income .....
Tags : Gujarat High Court, Extension of Deadline for Filing Income Tax Returns
CBDT Declines Further Extension of Due Dates for Filing ITRs(12.01.2021)
Central Board of Direct Taxes (CBDT) has declined all representations seeking further extension of due dates for filing of Audit Reports and Income Ta.....
Tags : Central Board of Direct Taxes, Extension of Due Dates for Filing ITRs
CBDT Launches Online Portal for Filing Complaints Regarding Tax Evasion(13.01.2021)
Central Board of Direct Taxes has launched an automated dedicated online portal on the e-filing website of the Department to receive and process compl.....
Tags : CBDT, Online Portal, Tax Evasion
CBIC Notifies Requirements for Import of Tea from Nepal as Darjeeling Tea(26.11.2021)
Central Board of Indirect Taxes and Customs (CBIC) has issued the requirements for the import of tea from Nepal as Darjeeling Tea. The Board has clar.....
Tags : Central Board of Indirect Taxes and Customs, Import of Tea from Nepal as Darjeeling Tea
Central Board of Direct Taxes Issues Guidelines for TDS on E-Auction Services(26.11.2021)
Central Board of Direct Taxes (CBDT) has issued the guidelines which states that no TDS (tax deducted at source) under section 194-O of the Income Tax.....
Tags : Central Board of Direct Taxes, TDS on E-Auction Services
ITAT: Royalty from Operator Agreement not Chargeable to Income Tax Under Indo-US Tax Treaty(30.11.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that royalty from Operator agreement not chargeable to Income Tax under Indo-US Tax Treaty.
Tags : Income Tax Appellate Tribunal, Royalty from Operator Agreement
ITAT: Share Application Money is ‘Capital Asset’ Under Income Tax Act(18.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act, 1961.
Tags : Income Tax Appellate Tribunal, Share Application Money
CESTAT: Objection of Audit Cannot be Basis for Determining Duty Liability(18.12.2020)
Customs, Excise, Service Taxes Appellate Tribunal (CESTAT) has held that objection of audit cannot be the basis for determining duty liability, in abs.....
Tags : Customs, Excise, Service Taxes Appellate Tribunal, Objection of Audit
Madras High Court Warns Greater Chennai Corporation Over Waterlogging Issue(10.11.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, while directing the Goods and services tax (GST) refund to Service Provider rul.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Claiming GST Refund
CESTAT: Pre-Delivery and After Sale Service Charges Not included in Assessable Value of Vehicle(10.11.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that the pre-delivery and after sale service charges cannot be included i.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Assessable Value of Vehicle
CESTAT, Kolkata: No Service Tax Can be Levied on Compensation for Cancelation of Coal Blocks(11.11.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Kolkata has ruled that no service tax can be levied on amounts received as compensation .....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Compensation for Cancelation of Coal Blocks
CBIC Notifies Procedure for Refund of Excise Duty on Purchase of Petrol or Diesel(12.11.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the Procedures for a refund of excise duty on the purchase of petrol or diesel or fuel.....
Tags : Central Board of Indirect Taxes and Customs, Refund of Excise Duty on Purchase of Petrol or Diesel
CBIC launches Digital Application for Scheduling of Examination of Cargo for Traders(12.11.2021)
Central Board of Indirect Taxes and Customs has launched an online facility for scheduling examination of Import cargo with the aim of minimizing the .....
Tags : Central Board of Indirect Taxes and Customs, Examination of Cargo for Traders
CBIC Notifies Decrease in Customs Duty on Gold and Silver(19.02.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the decrease in customs duty on gold and silver. The Board has notified the reduction .....
Tags : Central Board of Indirect Taxes and Customs, Customs Duty on Gold and Silver
ITAT, Bangalore: Assessee in Principle Entitled to Claim Deduction of Gratuity(22.02.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that assessee in principle is entitled to claim a deduction of gratuity paid before the appe.....
Tags : Income Tax Appellate Tribunal, Deduction of Gratuity
ITAT, Mumbai Allows Payment by Tata Chemicals for Using ‘TATA’ Logo as Business Deduction(22.02.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has allowed Rs 3.7 Crores to be paid by Tata Chemicals for using the ‘TATA’ logo as a business deduction.
Tags : Income Tax Appellate Tribunal, Tata Chemicals
CBDT Reduces Time Limit to Re-open Income Tax Assessments(07.12.2021)
Central Board of Direct Taxes (CBDT) has reduced the Time limit to re-open Income Tax assessment from 6 years to 3 years. The assessment can be reopen.....
Tags : Central Board of Direct Taxes, Re-open Income Tax Assessments
ITAT, Delhi: Addition Cannot be Made on Evidence of Third Party(09.12.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Addition cannot be made on evidence of third party without granting the cross-examinatio.....
Tags : Income Tax Appellate Tribunal, Addition on Evidence of Third Party
ITAT Allows Deduction on Expense of Education Cess in Relief to PC Jewellers(09.12.2021)
Income Tax Appellate Tribunal (ITAT) has granted the deduction on Expense of Education Cess as it does not fall under capital expense, personal expen.....
Tags : Income Tax Appellate Tribunal, Relief to PC Jewellers
CBDT Notifies Conditions for Exemption of Income Accrued or Received by Non-Resident(13.12.2021)
Central Board of Direct Taxes (CBDT) has notified conditions for exemption of income accrued or received by, non-resident as a result of transfer of n.....
Tags : Central Board of Direct Taxes, Exemption of Income Accrued or Received by Non-Resident
CESTAT, Delhi Quashes Order Confirming Demand of Service Under ‘Works Contract’(15.02.2021)
Customs, Excise, Service Tax Appellate Tribunal (CESTAT), Delhi has quashed the order confirming demand of service tax under “works contract” even if .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Demand of Service
CBDT Issues Instructions on Uploading Information on VRU Functionality on Insight Portal(16.12.2021)
Central Board of Direct Taxes (CBDT) has issued the instructions regarding uploading information on Verification Report Upload (VRU) functionality on .....
Tags : Central Board of Direct Taxes, Uploading Information on VRU Functionality
ITAT, Delhi: Indian Youth Centre Trust Eligible for Income Tax Benefits(15.12.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Indian Youth Centre Trust is eligible for income tax benefits under section 11 of the In.....
Tags : Income Tax Appellate Tribunal, Indian Youth Centre Trust
Karnataka HC Issues Notice on Plea Against Levy of Property Tax on Buildings & Lands(16.12.2021)
Karnataka High Court has issued notice on a plea challenging certain provisions of the Karnataka Municipal Corporations Act 1976 that provide for levy.....
Tags : Karnataka High Court, Levy of Property Tax on Buildings & Lands
ITAT, Amritsar: Assessee to Claim Deduction of Employees Share of ESI and PF(24.12.2021)
Income Tax Appellate Tribunal (ITAT), Amritsar has held that the assessee to claim deduction of employee’s share of Employees’ State Insurance and Pro.....
Tags : Income Tax Appellate Tribunal, Deduction of Employees Share of ESI and PF
ITAT, Bangalore: Omission to Serve Notice u/s 143(2) of Income Tax Act is Not a Curable Defect(21.12.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore, while deleting an assessment order held that the omission to serve a notice under section 143(2) of t.....
Tags : Income Tax Appellate Tribunal, Omission to Serve Notice
CESTAT, Mumbai Directs Redetermination of Quantum of Service Tax on Rent of Marriage Hall, Etc(06.01.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has directed the redetermination of quantum of service tax leviable on rents of ma.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Service Tax on Rent of Marriage Hall, Etc
CESTAT, Ahmedabad: No Service Tax Payable on Job of Manufacturing Plastic Jars, Containers(03.01.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that no service tax is payable on the job of manufacturing Plastic Jar.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Job of Manufacturing Plastic Jars, Containers
CBIC Amends HS Codes Under Notifications Imposing Anti-Dumping Duty on Imports(03.01.2022)
Central Board of Indirect Taxes and Customs (CBIC) has amended the HS codes under various notifications imposing anti-dumping duty on imports of certa.....
Tags : Central Board of Indirect Taxes and Customs, HS Codes Under Notifications Imposing Anti-Dumping Duty
Delhi HC Directs Income Tax Department To Reconsider The Issuance of Certificate With NIL Deduction(07.01.2022)
Delhi High Court directed the Income Tax Department to reevaluate the issue of issuance of the certificate with ‘NIL’ deduction of income tax after gr.....
Tags : Delhi High Court, Income Tax Department, Certificate, Opportunity Of Being Heard
AAR: GST Not Payable On Recoveries Made From Employees(07.01.2022)
Authority of Advance Ruling (AAR), Maharashtra has stated that GST is not payable on recoveries made from employees towards providing canteen facility.....
Tags : AAR, Goods and Service Tax, Employees
ITAT: Capital Gains Arising On Sale Of Rural Agricultural Land Outside The Ambit Of Income Tax(11.01.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has observed that the capital gains arising on sale of rural agricultural land outside the purvi.....
Tags : ITAT, Capital Gain, Income Tax
Bombay HC Rejects Petition Challenging Show Cause Notice Issued By Income Tax Department(20.12.2021)
Bombay High Court has rejected a petition filed by Maharashtra Cabinet Minister Chhagan Bhujbal challenging a show cause notice issued by the Income T.....
Tags : Bombay High Court, Show Cause Notice Issued By Income Tax Department
Karnataka High Court Stays Retrospective Payment of Tax on Annuity to Infra Companies(27.12.2021)
Karnataka High Court has stayed proceedings initiated by the goods and services tax (GST) authorities seeking retrospective payment of tax on annuity .....
Tags : Karnataka High Court, Retrospective Payment of Tax on Annuity to Infra Companies
CBIC Extends Deadline for Filing of Returns in Forms GSTR-9 and GSTR-9C(30.12.2021)
Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline of Goods and Services Tax Annual Returns, Forms GSTR-9 and GSTR-9C for th.....
Tags : Central Board of Indirect Taxes and Customs, Filing of Annual Returns
GSTN Invites Interested and Qualified Companies for E-Invoice Registration Partner(29.12.2021)
Goods and Service Tax Networks (GSTN) has invited interested and qualified companies to become E-Invoice Registration Partner (IRP), the registrations.....
Tags : Goods and Service Tax Networks, E-Invoice Registration Partner
Bombay HC: Assessee Required to Pay Interest Where Advance Tax Paid Less Than 75%(29.12.2021)
Bombay High Court has held that the assessee is required to pay interest where advance tax paid is less than 75% of the assessed tax in case against B.....
Tags : Bombay High Court, Interest on Advance Tax
CBIC Notifies ITC Cannot be Availed on Failure to Furnish Details in Form GSTR-1(31.12.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified that the Input Tax Credit (ITC) cannot be availed on the failure of a supplier to furn.....
Tags : Central Board of Indirect Taxes and Customs, Input Tax Credit
ITAT, Kolkata Allows Long-Term Capital Loss from Sale of Government Securities(23.03.2021)
Income Tax Appellate Tribunal (ITAT), Kolkata has allowed the Long-Term Capital Loss arising from the sale of Government Securities after applying the.....
Tags : Income Tax Appellate Tribunal, Long-Term Capital Loss from Sale of Government Securities
ITAT, Bangalore: Shortage of Manpower on Account of Merger Sufficient for Condonation of Delay(24.03.2021)
Income Tax Appellate Tribunal, Bangalore has stated that shortage of manpower and lack of guidance/expertise in taxation, on account of merger of Stat.....
Tags : Income Tax Appellate Tribunal, Condonation of Delay
ITAT, Delhi: Deduction u/s 80HHC to be Computed after Reducing Deduction u/s 80IA(02.04.2021)
Income Tax Appellate Tribunal, Delhi has held that deduction allowed under Section 80-IA of Income Tax Act, 1961 has to be reduced from the profits fo.....
Tags : Income Tax Appellate Tribunal, Deduction u/s 80HHC
Gujarat HC Seeks Assurance from CBDT on Problems of Assessees Unable to File Tax returns(19.01.2022)
Gujarat High Court has sought assurance, by way of an affidavit, from the Central Board of Direct Taxes (CBDT) that they would attend to the problems .....
Tags : Gujarat High Court, Filing of Tax returns
CBIC: No Custom Duty Payable by All India Football Federation for AFC Women’s Asian Cup(20.01.2022)
Central Board of Indirect Taxes and Customs (CBIC) has notified that no Customs Duty payable on goods imported into India by All India Football Federa.....
Tags : Central Board of Indirect Taxes and Customs, All India Football Federation
ITAT, Ahmedabad: Mere Change of Opinion Cannot be Ground Invoking Revisional Jurisdiction(24.01.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad, has held that a mere change of opinion cannot be a ground for invoking revisional jurisdiction under .....
Tags : Income Tax Appellate Tribunal, Revisional Jurisdiction
ITAT, Delhi: Entire Reassessment Proceedings Invalid if Assessee Precluded from Raising Objections(22.03.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has ruled that the entire reassessment proceedings invalid, if assessee precluded from raising objection a.....
Tags : Income Tax Appellate Tribunal, Reassessment Proceedings
CESTAT, New Delhi Frees M/S Shree Rolling Mill from Charge of Clandestine Removal(22.03.2021)
Customs Excise and Service Tax Appellate Tribunal, New Delhi has freed M/S Shree Rolling Mill from charge of clandestine removal, stating that charge .....
Tags : Customs Excise and Service Tax Appellate Tribunal, M/S Shree Rolling Mill
CESTAT, Chennai: Builder Cannot be Liable to Pay Service Tax for Construction of Residential Flats(31.01.2022)
Customs, Central Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has held that the builder cannot be liable to pay service tax for the con.....
Tags : Customs, Central Excise and Service Tax Appellate Tribunal, Service Tax for Construction of Residential Flats
CESTAT, Delhi: Amount of Service Tax Paid by Mistake to be Treated as Deposit and to be Refunded(31.01.2022)
Central Excise, Customs and Service Tax Appellate Tribunal (CESTAT), Delhi has held that the amount of service tax paid by mistake shall be treated as.....
Tags : Central Excise, Customs and Service Tax Appellate Tribunal, Amount of Service Tax Paid by Mistake
#Union Budget 2022-2023: Overview of Changes in the Direct Tax Regime(01.02.2022)
Union Budget proposes to cap surcharge of AOPs at 15%. Long term capital gains on listed equity share units liable to surcharge of 15%. Further, the F.....
Tags : Union Budget, Direct Tax Regime
#Union Budget 2022-2023: Scheme for Taxation of Virtual Digital Assets(01.02.2022)
Union Budget proposes that for taxation of Virtual Digital Asset (VDA), any income from transfer of VDA shall be taxed at rate of 30% without any dedu.....
Tags : Union Budget, Taxation of Virtual Digital Assets
ITAT, Ahmedabad: Shares at Face Value by Amalgamated Company Not Covered Under Income Tax Act(16.04.2021)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled that the Shares at ‘face value’ by the amalgamated company to shareholders in pursuance of s.....
Tags : Income Tax Appellate Tribunal, Shares at Face Value by Amalgamated Company
ITAT, Delhi: Charitable Trust Entitled to Adjust Excess Expenditure in Subsequent Income(08.02.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Charitable trust is entitled to carry forward, adjust excess expenditure in earlier year.....
Tags : Income Tax Appellate Tribunal, Charitable Trust
ITAT, Mumbai Disallows Fees Paid for Investment Advisory Services on Lack of Documentary Evidence(08.02.2022)
Income Tax Appellate Tribunal (ITAT) Mumbai has disallowed fees paid towards Investment Advisory Services as assessee only furnished debit note, and .....
Tags : Income Tax Appellate Tribunal, Fees Paid for Investment Advisory Services
ITAT, Pune: No Income Tax Payable on Sale of Software Licence(09.02.2022)
Income Tax Appellate Tribunal (ITAT), Pune, has ruled that no Income Tax payable on Sale of Software Licence, support, maintenance as it is not Royalt.....
Tags : Income Tax Appellate Tribunal, Sale of Software Licence
CBDT Issues Guidance on Uploading of Manually Submitted Form 15CA and Form 15CB(11.02.2022)
Central Board for Direct Taxes has allowed uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers after the new tax filing po.....
Tags : Central Board for Direct Taxes, Manually Submitted Form 15CA and Form 15CB
CESTAT, Delhi Quashes Service Tax Demand on Notice Pay from Employees for Premature Resignation(14.02.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has quashed the service tax demand on notice pay recovered from employees for prema.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Premature Resignation
#Union Budget 2022-2023: Union Budget Reduces Alternate Minimum Tax for Cooperative Societies(01.02.2022)
Union Budget reduces alternate minimum tax for Cooperative societies to 15% . Surcharge has also been reduced to 7% for those cooperative having incom.....
Tags : Union Budget, Reduction in Alternate Minimum Tax for Cooperative Societies
Gujarat HC Sets Aside Income Re-Assessment Notice for Taxing Remuneration from Capital Account(02.02.2022)
Gujarat High Court has set aside the income re-assessment notice issued by the Income Tax Department to the partner of a firm, holding that there is n.....
Tags : Gujarat High Court, Re-Assessment Notice for Taxing Remuneration
ITAT, Ahmedabad: No Disallowance for Interest Expenses if Investment to Acquire Control(03.02.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that no disallowance can be made for interest expenses if the investment was made to acquire .....
Tags : Income Tax Appellate Tribunal, No Disallowance for Interest Expenses
ITAT, Ahmedabad: Income Tax Assessment Against Deregistered Company Invalid(04.02.2022)
Income Tax Appellate Tribunal (ITAT) Ahmedabad, has held that the income tax assessment against a company deregistered by the Ministry of Corporate Af.....
Tags : Income Tax Appellate Tribunal, Income Tax Assessment
GSTN Adds New Option of Search Tax Payer Details on GST Portal(04.02.2022)
Goods and Service Tax Networks (GSTN) has added the new Option of Search Tax Payer details in the GST Portal to allow search for Taxpayer details by e.....
Tags : Goods and Service Tax Networks, Search Tax Payer Details
ITAT, Kolkata Directs CIT (A) to Send Notices to Advocates Through Email(07.02.2022)
Income Tax Appellate Tribunal (ITAT) Kolkata has directed the Commissioner of Income Tax (Appeals) to send notices to the advocate of the assessee thr.....
Tags : Income Tax Appellate Tribunal, Sending of notices Through Email
ITAT, Pune: Reimbursement on Welfare Expenses Incurred by Multinationals in India Not Taxable(18.05.2021)
Income Tax Appellate Tribunal (ITAT), Pune has said that reimbursement on welfare expenses incurred by multinationals in India shall not be taxable if.....
Tags : Income Tax Appellate Tribunal, Reimbursement on Welfare Expenses Incurred by Multinationals in India
ITAT, Mumbai: Forex Gains on Repayment of Interest-free Loan by Relative Not Taxable(19.05.2021)
Income Tax Appellate Tribunal, Mumbai has ordered that foreign exchange gains arising in the hands of an individual, on a repayment of an interest-fre.....
Tags : Income Tax Appellate Tribunal, Forex Gains on Repayment of Interest-free Loan by Relative
ITAT, Chennai Quashes Income Tax Department Assessment Order Against T.T.V. Dhinakaran(24.05.2021)
Income Tax Appellate Tribunal (ITAT), Chennai has quashed an Income Tax Department assessment order determining undisclosed income of about Rs. 57.43 .....
Tags : Income Tax Appellate Tribunal, T.T.V. Dhinakaran
ITAT, Mumbai: Reassessment Proceeding Cannot be Held Time Barred When Amendment Increases Limitation(25.02.2022)
Income Tax Appellate Tribunal, Mumbai has held that reassessment proceeding cannot be held time barred when an amendment increasing limitation of time.....
Tags : Income Tax Appellate Tribunal, Reassessment Proceeding
CBIC: GST E-Invoice Mandatory For Entities Having Turnover of Rs. 20 Crores(25.02.2022)
Central Board of Indirect Taxes and Customs (CBIC) notified the reduction in the applicability of GST E-invoicing threshold from Rs.50 Crores to Rs.20.....
Tags : Central Board of Indirect Taxes and Customs, E-invoicing, Reduction in threshold limit
Orissa HC: Lawyers Exempted from Paying GST/Service Tax, Demand Notices Not to be Issued(09.04.2021)
Orissa High Court has directed the Commissioner, Goods and Services Tax to issue clear instructions to all the officers in the GST Commission rates in.....
Tags : Orissa High Court, Exemption from Paying GST/Service Tax
Orissa HC Grants Bail to Person Accused of Availing Bogus Input Tax Credit(22.02.2022)
Orissa High Court has granted the bail to the person accused of availing bogus Input Tax Credit worth Rs. 20.45 crores and held that denial of bail c.....
Tags : Orissa High Court, Bogus Input Tax Credit
ITAT, Mumbai: AOP Running Educational Institution Eligible For Exemption(22.02.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that an unregistered Association of Persons (AOP), formed by an agreement merging two charitable Trust.....
Tags : Income Tax Appellate Tribunal, AOP Running Educational Institution
CBIC: Coaching Institutes to Pay 18% GST on Composite Supply Basis(23.02.2022)
Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that, Coaching Institutes are required to pay 18% Goods and Services Tax (GST) on C.....
Tags : Central Board of Indirect Taxes and Customs, Coaching Institutes
ITAT, Chennai Allows Loss on Investment in Subsidiary Company as Business Loss(23.02.2022)
Income Tax Appellate Tribunal (ITAT), Chennai has allowed the loss on investment made in subsidiary company for increasing business expediency to be w.....
Tags : Income Tax Appellate Tribunal, Loss on Investment in Subsidiary Company
CESTAT, Bangalore: Software Maintenance Services Not Covered Under Business Auxiliary Services(24.02.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore has held that the software maintenance services shall not be covered within the.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Software Maintenance Services
ITAT, Mumbai: Invalid Re-Assessment By AO Cannot Be Subject Matter of Revision(28.02.2022)
Income Tax Appellate Tribunal, Mumbai has held that when an assessment framed by the Assessing Officer is invalid in law, the said invalid order canno.....
Tags : Income Tax Appellate Tribunal, Subject Matter of Revision
Telangana HC: Road Tax Paid While Purchasing Cars Does Not Amount to Double Taxation(02.03.2022)
Telangana High Court has ruled that the road tax paid under the Motor Vehicles Act, 1988 while purchasing the cars, and collection of toll tax at Nati.....
Tags : Telangana High Court, Road Tax, Double Taxation
CESTAT, Kolkata: DRI Officials Have No Power Under Customs Act in Absence of CG Notification(02.03.2022)
Customs, Excise & Service Tax Appellate Tribunal, Kolkata has ruled that show cause notice under the Customs Act, 1962 can be issued only by the offic.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, DRI Officials
CESTAT, New Delhi: Amount on Alleged Wrongly Availed Cenvat Credit Liable to be Refunded(02.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the amount on alleged wrongly availed Cenvat Credit deposited at .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Cenvat Credit
Central Board of Indirect Taxes and Customs Issues Advisory for Importers on IGCR Rules(03.03.2022)
Central Board of Indirect Taxes and Customs has issued Advisory No. 06/2022 dated March 01, 2022, for importers to avail benefit of Import of Goods at.....
Tags : Central Board of Indirect Taxes and Customs, Import of Goods at Concessional Rate of Duty Rules, 2017
ITAT, Bangalore: Employee Contribution to Provident Fund Before ITR Eligible for Deduction(03.03.2022)
Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that an Employee contribution to Provident Fund (PF)/ Employee State Insurance (ESI) before .....
Tags : Income Tax Appellate Tribunal, Employee Contribution to Provident Fund
CBIC Allows Companies to File GST Returns Without DSC with Mobile OTP(28.04.2021)
Central Board of Indirect Taxes and Customs (CBIC) has allowed the companies to file Goods and Services Tax Returns without Digital Signature Certific.....
Tags : Central Board of Indirect Taxes and Customs, GST Returns
CESTAT, Bangalore: Gold was Freely Importable by Normal Importer Prior to DGFT Notification(07.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore, has ruled that gold was freely importable by the normal importer prior to the .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Gold, DGFT Notification
Gujarat HC Grants Relief To Lawyers Against Demand Notices Issued By CGST Department(08.03.2022)
Gujarat High Court while granting relief to lawyers observed that no coercive action should be taken against them in relation to notices issued to the.....
Tags : Gujarat High Court , Central Goods and Service Tax Department
Delhi High Court Held That Findings of Fact Recorded by ITAT, Cannot Be Interfered(08.03.2022)
Delhi High Court has observed that in an appeal to the High Court under Section 260A of the Income Tax Act, 1961 there can be no interference with the.....
Tags : Delhi High Court , Income Tax Act, 1961
AAAR: Printing Of Pamphlet/Leaflet Attracts 18% GST(08.03.2022)
Daman Appellate Authority of Advance Ruling (AAAR) while upholding the ruling of the Authority of Advance Ruling held that printing of pamphlet/leafle.....
Tags : Appellate Authority of Advance Ruling, Supply of Service, Goods and Service Tax
ITAT: Consideration For Accessing Database Cannot Be Treated As 'Royalty'(08.03.2022)
Delhi Bench of Income Tax Appellate Tribunal (ITAT) has observed that the consideration for accessing Database cannot be treated as 'Royalty' under In.....
Tags : Income Tax Appellate Tribunal, Double Taxation Avoidance Agreement, India-US
Central Govt Notifies Special Courts in Tripura to Deal with Income Tax and Black Money Cases(13.05.2021)
Central Government has notified the constitution of special courts under section 280A(1) of the Income Tax Act, 1961 and section 84 of the Black Money.....
Tags : Central Government, Income Tax and Black Money Cases
ITAT, Bangalore: Flight Testing Services Cannot be Taxed as Fees for Technical Services(16.03.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that flight testing services provided to Hindustan Aeronautics Limited cannot be taxed as fees for .....
Tags : Income Tax Appellate Tribunal, Flight Testing Services
CESTAT, Ahmedabad: Extended Period of Limitation Not Invoked When No Suppression(16.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has ruled that the extended period of limitation was not invoked as there was n.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Extended Period of Limitation
CESTAT: No Service Tax on Activity of Installing and Maintaining Fixed Facility for Supplying Oxygen(17.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata has ruled that service tax is not applicable on the activity of installing and ma.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Installing and Maintaining Fixed Facility for Supplying Oxygen
CESTAT: No Service Tax on Activity of Installing and Maintaining Fixed Facility for Supplying Oxygen(17.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata has ruled that service tax is not applicable on the activity of installing and ma.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Installing and Maintaining Fixed Facility for Supplying Oxygen
ITAT, Chandigarh: Tax Authorities Cannot Evade Responsibility to Collect Correct Taxes(10.05.2021)
Income Tax Appellate Tribunal (ITAT), Chandigarh has held that the Tax authorities cannot evade responsibility to ensure only correct and due taxes ar.....
Tags : Income Tax Appellate Tribunal, Responsibility to Collect Correct Taxes
ITAT, Delhi: Subscriber Fee Not Taxable as Royalty as Per India-Singapore DTAA(28.03.2022)
Income Tax Appellate Tribunal, Delhi has held that the subscriber fee would not be taxable as royalty as per the India-Singapore Double Taxation Avoid.....
Tags : Income Tax Appellate Tribunal, Subscriber Fee
ITAT, Delhi: Subscriber Fee Not Taxable as Royalty as Per India-Singapore DTAA(28.03.2022)
Income Tax Appellate Tribunal, Delhi has held that the subscriber fee would not be taxable as royalty as per the India-Singapore Double Taxation Avoid.....
Tags : Income Tax Appellate Tribunal, Subscriber Fee
ITAT, Ahmedabad: Amount Received from HUF Not in Nature of Gift and Shall Not be Taxable(28.03.2022)
Income Tax Appellate Tribunal, Ahmedabad has held that the amount received by the assessee from its HUF which is not in the nature of gift or received.....
Tags : Income Tax Appellate Tribunal, Amount Received from HUF
ITAT, Ahmedabad: IBC to Have Overriding Effect Over Income Tax Proceedings(28.03.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that since the Insolvency and Bankruptcy Code, 2016 has overriding effect over the income tax.....
Tags : Income Tax Appellate Tribunal, Income Tax Proceedings, Liquidation
Madras HC: No Willful Avoidance of Tax under Section 276C (2) of Income Tax Act(29.03.2022)
Madras High Court has declared that an assessee who simply fails to pay tax on time under Section 276C (2) of the Income Tax Act, 1961 cannot be prose.....
Tags : Madras High Court, Assessee, Tax evasion
Delhi High Court: Books ‘Sulekh Sarita Parts I to V’ are Exempted from Goods and Services Tax(06.06.2019)
Delhi High Court has noted that the books ‘Sulekh Sarita Parts I to V’ are ‘Printed Books’ classifiable under ‘HSN 4901’ and not ‘Exercise Books’ unde.....
Tags : Delhi High Court, Goods and Services Tax
Bombay HC: Contraband Found During Income Tax Search Does Not Amount to Seizure(25.05.2020)
Bombay High Court has held that when officers stumble upon a contraband during an income tax raid, it does not amount to 'seizure' under the Narcotics.....
Tags : Bombay High Court, Contraband Found During Income Tax Raid
CBIC Issues Circular Extending Validity of Authorized Economic Operator Certificates(27.05.2021)
Central Board of Indirect Taxes and Customs (CBIC) has issued a circular where the validity of the Authorized Economic Operator (AEO) is extended so a.....
Tags : Central Board of Indirect Taxes and Customs, Validity of Authorized Economic Operator Certificates
ITAT, Hyderabad: Joint Holder in Husband’s Salary Account Not Undisclosed Foreign Account(01.06.2021)
Income Tax Appellate Tribunal (ITAT) Hyderabad has dismissed an appeal by the revenue department wherein it ruled that being a joint account holder in.....
Tags : Income Tax Appellate Tribunal, Undisclosed Foreign Account
ITAT, Delhi: Revision of Orders Prejudicial to Revenue Not to be Invoked for Computational Error(02.06.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has ruled that the provision related to revision of orders prejudicial to revenue under Section 263 of the.....
Tags : Income Tax Appellate Tribunal, Revision of Orders
ITAT, Delhi: Income Tax Penalty Cannot be Imposed Unless Assessee Obliged In Law(05.04.2022)
Income Tax Appellate Tribunal, Delhi observed that the penalty of income tax under section 271(1)(c) of the Income Tax Act, 1961 cannot be obligatory .....
Tags : Income Tax Appellate Tribunal, Delhi, income tax, section 271(1)(c) of the Income Tax Act, 1961, assessee
Delhi High Court: Application For Compounding Of Offence U/S 276CC IT Act Cannot Be Rejected(08.03.2022)
Delhi High Court has held that an application for compounding of the offence under Income Tax Act, 1961 cannot be rejected on the ground that Assessee.....
Tags : Delhi High Court, Chief Commissioner of Income Tax, Section 276CC of Income Tax Act, 1961
Delhi HC Quashes Reassessment Notice, There Is No Rational Nexus To Believe Escapement Of Income(08.03.2022)
Delhi High Court has nullified the reassessment notice issued under Section 148 of Income Tax Act, 1961 on the grounds that the reason to believe was .....
Tags : Delhi High Court, Section 148, Income Tax Act, 1961, Reassessment Notice
CESTAT, Ahmedabad: Service Tax Not Applicable on Take-Away Food(09.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has ruled that service tax is not payable on packed food sold as take away and .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Take-Away Food
ITAT, Bangalore: Unascertained Business Loss Cannot be Allowed as Deduction(09.03.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that unless the recovery of embezzled amount in the course of business was impossible, it could not.....
Tags : Income Tax Appellate Tribunal, Unascertained Business Loss
ITAT, Delhi: Non Production of Persons Despite Summons Leads to Inference of Routing Own Money(09.03.2022)
Income Tax Appellate Tribunal, Delhi has ruled that an Assessing Officer has the power to verify transactions beyond the paperwork submitted by the As.....
Tags : Income Tax Appellate Tribunal, Non Production of Persons
ITAT: Unascertained Liability Cannot be Allowed as Embezzlement Losses in Computing Business Income(10.03.2022)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the embezzlement loss stated by the assessee is not ascertained liability and hence cann.....
Tags : Income Tax Appellate Tribunal, Embezzlement Losses, Business Income
Central Board of Direct Taxes Notifies Cost Inflation Index for FY 2021-22(16.06.2021)
Central Board of Direct Taxes has notified the cost inflation index (CII) for the financial year (FY) 2021-22 in a notification dated 12th June, 2021,.....
Tags : Central Board of Direct Taxes, Cost Inflation Index
ITAT, Pune: Income from Sale of Software License Not ‘Royalty’ Under Indo-US DTAA(17.06.2021)
Income Tax Appellate Tribunal (ITAT), Pune has held that the income from the sale of software license cannot be treated as “royalty” for the purpose o.....
Tags : Income Tax Appellate Tribunal, Income from Sale of Software License
CBIC: 5% GST Applicable on Composite Supply of Service of Milling Wheat Into Flour(18.06.2021)
Central Board of Indirect Taxes and Customs (CBIC) has clarified that 5% Goods and Services Tax is applicable on the composite supply of service by wa.....
Tags : Central Board of Indirect Taxes and Customs, Composite Supply of Service of Milling Wheat Into Flour
CBIC: Laterals/Parts Used with Sprinklers or Drip Irrigation System Taxable at 12% GST(18.06.2021)
Central Board of Indirect Taxes and Customs (CBIC) has clarified that laterals/parts to be used solely or principally with sprinklers or drip irrigati.....
Tags : Central Board of Indirect Taxes and Customs, Laterals/Parts Used with Sprinklers or Drip Irrigation System
Calcutta HC Condones Delay in Appeals Filed by Revenue in Penny Stock Scam(14.04.2022)
Calcutta High Court has condoned the delay in a bunch of appeals filed by the Revenue, holding that the benefit provided is optional under the Direct .....
Tags : Calcutta High Court, Direct Tax Vivad Se Vishwas Scheme, condoning
CESTAT, Mumbai: Acceptance to Pay Duty Exempt from Liability of Confiscation and Redemption Fine(14.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has observed that voluntarily acceptance and willingness to pay the duty at the enhanced rate.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, voluntarily acceptance, enhanced rate, confiscation, redemption, exempt from liability
CESTAT, Bangalore: Service by Foreign Service Provider is not Telecommunication Service(14.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Bangalore has observed that service by Foreign Service Provider is not Telecommunication Service and.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, Foreign Service Provider, Telecommunication, service tax
CESTAT, Delhi: Spent Acid is not Exempted Good(14.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Delhi, has quashed a demand, observing that since Spent Acid is not an exempted good, hence, the p.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Spent Acid, Rule 6(3) of CENVAT Credit Rules, 2004
CESTAT, Bangalore: Executive Appointed is not Manpower Recruitment or Supply Agency Service(14.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Bangalore has observed that appointment of an executive by foreign/holding company is not Manpower R.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, appointment, Manpower Recruitment, Supply Agency Service
CESTAT, Bangalore: Executive Appointed is not Manpower Recruitment or Supply Agency Service(14.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Bangalore has observed that appointment of an executive by foreign/holding company is not Manpower R.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, appointment, Manpower Recruitment, Supply Agency Service
CESTAT, Bangalore Holds Service, Being Export of Service, Cannot be Chargeable to Service Tax(14.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Bangalore has observed that service recipient has not physically made accessible any goods to the se.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, service tax, service recipient, export
CESTAT, Ahmedabad: No Demand Sustainable on Shortage and Statements of Persons(14.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that no demand is sustainable simply on shortage and statements of persons,.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cross-examined, no demand
ITAT, Delhi Upholds Order Against Gandhi Family on Commercial Immovable Property(06.04.2022)
Income Tax Appellate Tribunal, Delhi has upheld the case against the Gandhi family in relation with commercial immovable properties worth more than Rs.....
Tags : Income Tax Appellate Tribunal, Gandhi family, commercial immovable properties, Rs 800 crore, Young Indian, share capital of Rs 5 lakh, hawala entry, Rs 1 crore
ITAT, Delhi: Expenditure of Royalty for Technical Know-How Can Be Treated as Revenue Expenditure(06.04.2022)
Income Tax Appellate Tribunal, Delhi has held that the royalty expenditure for the use of know-how can be treated as revenue expenditure under Income .....
Tags : Income Tax Appellate Tribunal, royalty expenditure, use of know-how, Income Tax Act, 1961
ITAT, Delhi: Expenditure of Royalty for Technical Know-How Can Be Treated as Revenue Expenditure(06.04.2022)
Income Tax Appellate Tribunal, Delhi has held that the royalty expenditure for the use of know-how can be treated as revenue expenditure under Income .....
Tags : Income Tax Appellate Tribunal, royalty expenditure, use of know-how, Income Tax Act, 1961
ITAT, Delhi: Expenditure of Royalty for Technical Know-How Can Be Treated as Revenue Expenditure(06.04.2022)
Income Tax Appellate Tribunal, Delhi has held that the royalty expenditure for the use of know-how can be treated as revenue expenditure under Income .....
Tags : Income Tax Appellate Tribunal, royalty expenditure, use of know-how, Income Tax Act, 1961
ITAT, Delhi: Expenditure of Royalty for Technical Know-How Can Be Treated as Revenue Expenditure(06.04.2022)
Income Tax Appellate Tribunal, Delhi has held that the royalty expenditure for the use of know-how can be treated as revenue expenditure under Income .....
Tags : Income Tax Appellate Tribunal, royalty expenditure, use of know-how, Income Tax Act, 1961
ITAT, Delhi: Depreciation not Allowable On Non-Compete Fee(06.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the depreciation is not allowable on non-compete fee under section 32 of the Income Tax Act, 19.....
Tags : Income Tax Appellate Tribunal, depreciation, non-compete fee, section 32 of the Income Tax Act, 1961
ITAT, Mumbai: Provisions of Black Money Act Cannot be Invoked for Minor Breach of Law(06.04.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has observed that the provisions of the Black Money (Undisclosed Foreign Income and Assets) and Impositio.....
Tags : Income Tax Appellate Tribunal, Black Money Act
CESTAT, Delhi: Delay in Filing Appeal Due to Drafting and Calculation Error can be Condoned(29.03.2022)
Customs, Excise, and Service Tax Appellate Tribunal, Delhi, has stated that the delay of two days in filing due to delay in drafting the appeal and ca.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Delay, Condoned, Calculation Error
WB Taxation Tribunal: State Cannot Establish Entry Tax Subsequent to Constitutional Amendment(29.03.2022)
West Bengal Taxation Tribunal has stated that the State lacks legislative authority to make legislation in the field of goods entry into the local are.....
Tags : West Bengal Taxation Tribunal, Entry Tax, Constitution, GST
ITAT, Delhi: Performance Guarantee Commission is Not Business Income Under DTAA(29.03.2022)
Income Tax Appellate Tribunal, Delhi has observed that performance guarantee commission by an assessee from its foreign Associated Enterprise is not i.....
Tags : Income Tax Appellate Tribunal, Double Taxation Avoidance Agreement, Assessee, Income Tax
Gujarat HC Grants Bail in Case of Fraudulent Claim of ITC(30.03.2022)
Gujarat High Court has approved bail to the accused who falsely claimed input tax credit (ITC) as the department has attached the immovable properties.....
Tags : Gujarat High Court, Input Tax Credit, Bail, GST evasion
Jharkhand HC: ITC Can be Denied on Inter-State Sale or Transfer of Stock(30.03.2022)
Jharkhand High Court has observed that Input Tax Credit can be denied under Section 18(8)(ix) of the Jharkhand Value Added Tax Act, 2005 on Inter-Stat.....
Tags : Jharkhand High Court, Input Tax Credit, Section 18(8)(ix) of the Jharkhand Value Added Tax Act, 2005
CESTAT, Chennai: Employer Ineligible for Cenvat Credit on Canteen Services(30.03.2022)
Customs Excise and Service Tax Appellate Tribunal, Chennai has observed that the employer is not eligible for the cenvat credit on the canteen service.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Cenvat Credit, Input Service Credit
CESTAT, Delhi: Levy of Penalty on Proprietor and Firm Would Amount to Double Jeopardy(08.06.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has held that the levy of penalty on the sole proprietor of a firm along with the c.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Levy of Penalty on Proprietor and Firm
CESTAT, Chandigarh: Benefit of Cenvat Cannot be Denied Due to Faulty Investigation(08.06.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh has held that the benefit of Cenvat credit cannot be denied to the taxpayer on.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Cenvat Credit
CESTAT, Delhi: Cenvat Credit Not Allowable on Capital Goods on Which Depreciation Availed(14.06.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi has held that the Cenvat credit is not allowable on the capital goods for which th.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Cenvat Credit
CESTAT, New Delhi Directs to Restore Customs Broker Licence(22.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, New Delhi has observed that no document to support the allegation and directs to reinstate the custo.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, reinstate, customs broker license
ITAT, Delhi: No TDS Since Routine Business Support Services Can’t be Treated as Fee for Technical Ser(25.04.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has has held that routine business support services are not taxable as fees for technical services (FTS) s.....
Tags : Income Tax Appellate Tribunal, Routine Business Support Services
ITAT, Mumbai: Remuneration Paid to Partner Out of Profit Cannot be Treated as Salary(25.04.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the remuneration paid to Partner out of the share of profit cannot be treated as salary to .....
Tags : Income Tax Appellate Tribunal, Remuneration
ITAT, Chennai: Capital Gains to be Computed as per Share of Parties in Residential Property(10.03.2022)
Income Tax Appellate Tribunal, Chennai has held that capital gains under the Income Tax Act, 1961 is to be computed according to the respective share .....
Tags : Income Tax Appellate Tribunal, Capital Gains
Delhi HC Dismisses Appeal Against Deletion of Income Tax Addition for Share or Bogus Purchases(11.03.2022)
Delhi High Court has dismissed the appeal against the deletion of income tax addition for share or bogus purchases or cash deposits and held that appe.....
Tags : Delhi High Court, Deletion of Income Tax Addition
CESTAT, Chennai: Input Service No Longer Includes Services for Personal Use or for Employee(11.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has ruled that the definition of input service as it stood prior to April 1, 2011.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Input Service
ITAT, Mumbai: Claim Of Deduction to be Reckoned From Date of Possession of New Property(11.03.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that an assessee's claim of deduction under Section 54 of the Income Tax Act, 1961 was to be reckoned .....
Tags : Income Tax Appellate Tribunal, Possession of New Property
ITAT, Mumbai: Payment to Foreign Company for Utilisation of Transponder of Satellite Not Royalty(11.03.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai ruled that the payment made to a foreign company for the utilisation of a transponder centred on a satell.....
Tags : Income Tax Appellate Tribunal, Utilisation of Transponder of Satellite
ITAT, Delhi: Belated Payment of Employees Contribution to Provident Fund and Insurance Scheme(17.03.2022)
Income Tax Appellate Tribunal, Delhi has ruled that belated payment of employees' contribution to the Provident Fund and State Insurance Scheme cannot.....
Tags : Income Tax Appellate Tribunal, Belated Payment of Employees Contribution
P&H HC: Intention to Evade Tax Must be Directly Connected to Activity of Trader(17.03.2022)
Punjab and Haryana High Court has held that the intention to evade tax must be directly connected to the activity of the trader.
Tags : Punjab and Haryana High Court, Intention to Evade Tax
CESTAT, Delhi: Extended Period of Limitation Cannot be Invoked by Excise Department(21.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Delhi has held that the extended period of limitation cannot be invoked by the excise depa.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Extended Period of Limitation
ITAT, Kolkata: Contributions Made After Statutory Due Date Shall be Allowable as Deduction(22.03.2022)
Income Tax Appellate Tribunal (ITAT), Kolkata has allowed relief to Deloitte Haskins & Sells, holding that the contributions made after the statutory .....
Tags : Income Tax Appellate Tribunal, Contributions Made After Statutory Due Date
ITAT, Kolkata: Commissioner Cannot Point Out Issues Other Than Issue Taken Up by AO(22.03.2022)
Income Tax Appellate Tribunal, Kolkata has held that the Commissioner, while invoking his jurisdiction under section 263 of the Income Tax Act, 1961 c.....
Tags : Income Tax Appellate Tribunal, Commissioner, Issues
Kerala GST Department Extends Deadline of Flood Cess Annual Return(23.03.2022)
Kerala Goods and Services Tax Department has extended the deadline for filing the Kerala Flood Cess Annual Return till April 30, 2022.
Tags : Kerala Goods and Services Tax Department, Deadline of Flood Cess Annual Return
AAAR, Maharashtra: No Legislative Intent to Tax Water for General Purposes(06.04.2022)
Appellate Authority for Advance Ruling, Maharashtra has observed that no legislative intent to tax water for general purposes and holds Tertiary Treat.....
Tags : Appellate Authority for Advance Ruling, Maharashtra, no legislative intent, tax water, GST exemption, Tertiary Treated Water
CESTAT, Bangalore Quashes Demand of Service Tax for Promotion of IPL Team(06.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Bangalore has held that the promotional activities by Anil Kumblein, former Indian skipper to carr.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, promotional activities, Anil Kumblein, advertising, Business Auxilliary Services, no service tax
AAR, Kerala: GST Is Payable on Fair Trade Premium(06.04.2022)
Authority of Advance Ruling (AAR), Kerala has observed that Goods and Services Tax is payable on fair trade premium, forming part of the consideration.....
Tags : Authority of Advance Ruling, Kerala, Goods and Services Tax, fair trade premium
ITAT, Kolkata: Limitation for Revisionary Jurisdiction Runs from Assessment Date Order(06.04.2022)
Income Tax Appellate Tribunal, Kolkata has observed that the limitation period for exercising revisionary jurisdiction runs from the date of assessmen.....
Tags : Income Tax Appellate Tribunal, Kolkata, limitation period, revisionary jurisdiction, assessment order, Section 263 of Income Tax Act, 1961
Delhi HC: Collection of Service Charges from Donors Cannot Be Ground to Deny Tax Exemption(07.04.2022)
Delhi High Court has observed that the collection of service charges by India HIV AIDS Alliance from the donors cannot be treated as a reason to deny .....
Tags : Delhi High Court, service charges, India HIV AIDS Alliance, section 11, Income Tax Act, 1961, section 12
Chhattisgarh HC: Assessing Officer Failed to Record Reason for Issue of Notice u/s 148(07.04.2022)
Chhattisgarh High Court has quashed a notice on grounds that the Assessing Officer had failed to record the reason for issue of notice under section 1.....
Tags : Chhattisgarh High Court, section 148 of the Income Tax Act, 1961, Assessing Officer
AAR, Odisha: Sending of Raw Materials for Manufacture of Industrial Gas Not Job Work(30.03.2022)
Authority for Advance Rulings, Odisha has concluded that IOCL’s sending of raw materials for the manufacture of industrial gas does not qualify job wo.....
Tags : Authority for Advance Ruling, Industrial gas, Central Goods and Services Tax Act, 2017.
Gujarat High Court Grants Bail to Accused in Fake GST ITC Claim(30.03.2022)
Gujarat High Court has affirmed the legality of the provisional attachment proceedings initiated by the GST department and granted bail to the accused.....
Tags : Gujarat High Court, GST, Input Tax Credit
ITAT, Delhi: Penalty Notice Issued Without Applying Mind in Stereotyped manner is Not Valid(30.03.2022)
Income Tax Appellate Tribunal, Delhi has observed that a penalty notice issued in a stereotyped manner under section 271(1)(c) of the Income Tax Act, .....
Tags : Delhi Income Tax Appellate Tribunal, stereotyped, Section 271(1)(c) of the Income Tax Act, 1961
ITAT, Delhi: Registration of Trust is Deemed in Absence of Refusal of Registration(31.03.2022)
Income Tax Appellate Tribunal, Delhi has held that trust is deemed to be registered under section 12AA of the Income Tax Act, 1961 in the absence of r.....
Tags : Income Tax Appellate Tribunal, section 12AA, 6 months
ITAT, Bangalore: Delay in Filing Form 67 Cannot be Reason to Deny Foreign Tax Credit(31.03.2022)
Income Tax Appellate Tribunal, Bangalore has observed that Rule 128 of the Income Tax Rules which requires the assessee to submit Form 67 before filin.....
Tags : Income Tax Appellate Tribunal, Rule 128 of the Income Tax Rules, filing Form 67, Form 67, Foreign Tax Credit
CBDT Notifies E-Assessment of Income Escaping Assessment Scheme 2022(31.03.2022)
Central Board of Direct Taxes (CBDT) has notified that the e-Assessment of Income Escaping Assessment Scheme, 2022 and Faceless Jurisdiction of Income.....
Tags : Central Board of Direct Taxes, CBDT, the e-Assessment, Income Escaping Assessment Scheme, 2022, artificial intelligence
CESTAT, Ahmedabad: No Demand Sustainable on Shortage and Statements of Persons(14.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that no demand is sustainable simply on shortage and statements of persons,.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cross-examined, no demand
Bombay HC: Arbitration Clause in Tax Invoice Does Not Constitute Arbitration Agreement(15.04.2022)
Bombay High Court has held that the arbitration clause in a tax invoice cannot be treated as an arbitration agreement binding on the parties.
Tags : Bombay High Court, Arbitration Clause in Tax Invoice
CESTAT, Chennai: No Prohibition on Selling of Goods by Importer to Another(15.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Chennai bench has held that there is no prohibition on the selling of goods by the importer to anoth.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, Selling of Goods by Importer to Another
ITAT, Mumbai: Assessing Officer Cannot Make Addition on Basis of Suo-Moto Disclosure of Assessee(15.04.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that the Assessing Officer cannot make any addition to assessee's income on the basis of the suo-moto .....
Tags : Income Tax Appellate Tribunal, Addition on Basis of Suo-Moto Disclosure
CBIC Exempts Cotton from Customs Duty and AICD Till 30 September, 2022(15.04.2022)
Central Board of Indirect Taxes and Customs (CBIC) has exempted cotton from customs duty and the Agriculture Infrastructure Development Cess (AIDC). T.....
Tags : Central Board of Indirect Taxes and Customs, Exemption of Cotton, Customs Duty
Gujarat HC Directs Revenue to Re-Credit Input Tax Credit in Electronic Tax Ledger of Writ Petitioner(15.04.2022)
Gujarat High Court has directed the revenue to re-credit/restore the Input Tax Credit (ITC) to the tune of INR 1,39,49,810 in the electronic tax ledge.....
Tags : Gujarat High Court, Re-Credit Input Tax Credit
ITAT, Delhi: No Liability to Deduct TDS on Payments Made by Lenskart to Facebook Ireland(07.04.2022)
Income Tax Appellate Tribunal, Delhi has upheld the order passed by Commissioner of Income Tax (Appeals) by deleting additions of over Rs. 67 Lakhs ma.....
Tags : Income Tax Appellate Tribunal, Sixty Seven Lakhs, Lenskart's, Tax Deducted at Source, Facebook, Ireland
Madras High Court Quashes Order Detaining Consignment and Vehicle(07.04.2022)
Madras High Court has quashed detaining order of consignment and vehicle holding that there was only technical breach without intention to evade Goods.....
Tags : Madras High Court, technical breach, Goods and Services Tax, consignment, vehicle
Supreme Court: Mere Amalgamation Would Not invalidate Income Tax Proceedings(07.04.2022)
Supreme Court has held that whether corporate death of amalgamating entity upon amalgamation invalidates an order of assessment issued under the Incom.....
Tags : Supreme Court, amalgamation, Income Tax Act, 1961, Section 481 of the Companies Act, 1956
ITAT, New Delhi: Interest on Enhanced Compensation Does Not Come u/s 56 IT Act(08.04.2022)
Income Tax Appellate Tribunal( ITAT ), New Delhi has observed that received interest on enhanced compensation does not comes under income from other s.....
Tags : Income Tax Appellate Tribunal, received interest, enhanced compensation, Tax Deduction at Source, section 194A of the income tax act, 1961
CESTAT, Bangalore: Consignment Note Sufficient to Prove Transportation for CHA(08.04.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore has observed that a consignment note is enough to prove transportation for cust.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, consignment note, customs house agent
CESTAT, Delhi: No Service Tax on Toll Collection on Behalf of NHAI(08.04.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has observed that an independent contractor is not liable to pay service tax while .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, independent contractor, National Highways Authority of India, toll collection
ITAT, Bangalore: Irrecoverable Advances for Land for Real Estate Development Business Allowable(02.05.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that the advances agreed for purchase of land in the normal course of business of carrying on real .....
Tags : Income Tax Appellate Tribunal, Income Tax Act, 1961, Real estate development
ITAT, Bangalore: Non-Appearance of Assessee During Hearing Can’t be Reason to Recall Tribunal Order(02.05.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that the Tribunal cannot recall an order by invoking Rule 25 of the Appellate Tribunal Rules, 1963 .....
Tags : Income Tax Appellate Tribunal, Rule 25, Appellate Tribunal Rules, 1963, assessee
AAR, Karnataka: Pre-developed Computer Software Can be Treated as Goods and Attracts 5% GST(02.05.2022)
Authority for Advance Ruling, Karnataka has ruled that pre-developed and pre-designed Computer Software can be treated as goods and attracts 5% Goods .....
Tags : Authority for Advance Ruling, Goods and Services Tax, Computer Software, Goods
ITAT, Ahmedabad: Undisclosed Sale Consideration of Property Can Only Assessable as Capital Gain(02.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that the undisclosed sale consideration of the property can be subjected to tax as capital gain und.....
Tags : Income Tax Appellate Tribunal, capital gain, section 48, Income Tax Act, 1961, Undisclosed sale consideration
Bombay HC: Assessee Deprived of Refund Due to Wrongful Withholding of Amount by Income Tax Dept(03.05.2022)
Bombay High Court has allowed 6% interest to the assessee on wrongful withholding of the amount by the income tax department.
Tags : Bombay High Court, 6% interest, assessee, income tax department
ITAT, Bangalore: Wife Eligible for Capital Gain release if Money Given for Acquisition of Property(03.05.2022)
Income Tax Appellate Tribunal, Bangalore has held that the wife is eligible for capital gain exemption regarding the money given for the acquisition o.....
Tags : Income Tax Appellate Tribunal, reimbursement, capital gain, acquisition
Madras HC Dismisses Tamil Actor Vijay's Plea Against Entry Tax on Rolls Royce Car(14.07.2021)
Madras High Court has dismissed a petition filed by Tamil Actor Vijay in 2012, seeking forbearance against the Tamil Nadu Government from demanding en.....
Tags : Madras High Court, Entry Tax on Rolls Royce Car
Calcutta HC Issues Notice on Plea Challenging Validity of Taxation and Other Laws Act, 2020(19.07.2021)
Calcutta High Court has issued notice on a plea challenging the constitutional validity of the provisions of The Taxation and Other Laws (Relaxation a.....
Tags : Calcutta High Court, Validity of Taxation and Other Laws Act, 2020
CESTAT, Mumbai: Reliance Industries Entitled to Avail CENVAT Credit for Employees Opting for VSS(13.05.2022)
Customs Excise and Service Tax Appellate Tribunal, Mumbai has observed that Reliance Industries is entitled to avail CENVAT credit on the service tax .....
Tags : Customs Excise and Service Tax Appellate Tribunal, CENVAT credit, service tax, Voluntary Separation Scheme
ITAT: Income Tax Penalty U/S 271E Cannot be Levied In Absence of Regular Assessment(13.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that the income tax penalty under Section 271E of the Income Tax Act, 1961 cannot be levied in the .....
Tags : Income Tax Appellate Tribunal, Income Tax Act, 1961, Section 271E, assessee
ITAT: Non-Cooperation With Dept Cannot be Sole Ground for Addition U/S 69A(13.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that mere non-cooperation with the department cannot be the sole ground to make an addition under S.....
Tags : Income Tax Appellate Tribunal, Section 69A, Income Tax Act, 1961
ITAT States That Consideration Paid For Purchase Of Advertisement Space Does Not Amount To 'Royalty'(16.05.2022)
Chennai Bench of ITAT has held that consideration paid for purchase of advertisement space does not amount to 'royalty' under the Income Tax Act, 1961
Tags : ITAT Chennai, Royalty, Income Tax Act
CESTAT, Hyderabad: Exported Goods Cannot Be Confiscated Under Section 113 of Customs Act(26.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Hyderabad has ruled that Section 113 of the Customs Act, 1962 only provides for confiscation of go.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Section 113 of the Customs Act, 1962, confiscation of goods
Telangana HC: Outright Rejection of Stay Application is Not Justified(26.04.2022)
Telangana High Court has held that the appellate and revisional authorities must judiciously implement their discretionary power so as to grant a stay.....
Tags : Telangana High Court, appellate, revisional authorities, Telangana Value Added Tax Act, 2005
Madras HC: Assessee to Claim Tax Refund Within 3 Years from Date of Payment(26.04.2022)
Madras High Court has observed that any tax collected without authority would indeed amount to unfair enrichment and the assessees must claim a tax re.....
Tags : Madras High Court, three years, tax refund
Delhi HC Directs Revenue to Grant Immunity Under Section 270AA(26.04.2022)
Delhi High Court has observed that the assessee cannot be prejudiced by the inaction of the Assessing Officer, directing the revenue to grant immunity.....
Tags : Delhi High Court, Section 270AA of the Income Tax Act, 1961, Assessing Officer
CESTAT, Delhi: Service Tax Can’t be Levied for Total Receipt Under Threshold Limit of 10 Lakh(26.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Delhi has observed that service tax can’t be levied for total receipt falling below the threshold li.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, service tax, threshold limit
CESTAT, New Delhi: No Exemption of Central Excise Duty for Module Mounting Structures(26.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, New Delhi has observed that no immunity of central excise duty for module mounting structures used i.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, central excise duty, module mounting structures
CESTAT, Ahmadabad: Cenvat Credit Can’t be Denied for Warranty Services Provided Free of Cost(01.04.2022)
Customs Excise and Service Tax Appellate Tribunal, Ahmadabad has reiterated that the cenvat credit can’t be denied on warranty services during the war.....
Tags : Customs Excise and Service Tax Appellate Tribunal, cenvat credit, warranty services
CESTAT, Ahmedabad: Process of Segregation of Waste is Manufacture Activity(01.04.2022)
Customs, Excise and Service Tax Appellate Tribunal Ahmedabad has observed that the process of segregation of waste amounts to manufacturing activity, .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, process of segregation, concessional Notification
Delhi High Court Holds That Assessee Is Eligible For Immunity and Tax Payer Should Be Incentivised(01.04.2022)
Delhi High Court has ruled that the action of income tax authorities to deny the benefit of immunity from penalty under Section 270AA of Income Tax Ac.....
Tags : Delhi High Court, Section 270AA of Income Tax Act, 1961, Section 270A, Tax Payer
Delhi HC: Deposit of 20% of Disputed Tax Not Pre-Condition for Stay of Recovery Proceedings(01.04.2022)
Delhi High Court has held that requirement to pay twenty per cent of disputed tax demand is not a pre condition in all cases for putting demand recove.....
Tags : Delhi High Court, twenty per cent of disputed tax, demand recovery
Kerala HC: Non Release of Seized Documents in Supreme Court is Illegal(01.04.2022)
Kerala High Court has held that the income tax department is unauthorized to retain the seizure of title deeds under Section 132 of the Income Tax Act.....
Tags : Kerala High Court, income tax department, title deeds, Section 132 of the Income Tax Act, 1961, Special Leave Petition
ITAT, Delhi: Accessing Premises for Technical Assistance Can't Be Treated as Permanent Establishment(11.03.2022)
Income Tax Appellate Tribunal, Delhi has held that access to a foreign enterprise for providing technical assistance to its Joint Venture Company in i.....
Tags : Income Tax Appellate Tribunal, Accessing Premises for Technical Assistance
Delhi High Court Directs VAT Department to Allow Changes in Tax Period(11.03.2022)
Delhi High Court has directed the Value Added Tax (VAT) department to allow rectification of bonafide errors in the tax period of the challan.
Tags : Delhi High Court, Changes in Tax Period
CESTAT, Delhi Directs to Refund Service Tax Collected from Customers for Advertisement Services(14.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Delhi has directed Prasar Bharati to refund the Service Tax collected from customers for a.....
Tags : Customs, Excise and Service Tax Appellate Tribunal , Advertisement Services
CESTAT Directs Central Excise Dept. to Reconsider Refund of Cenvat Credit to Tata Consumer Products(14.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore has directed the Central Excise Department to reconsider the refund of cenvat c.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Refund of Cenvat Credit , Tata Consumer Products
ITAT, Dehradun: Interest on Income Tax Refund Not on Permanent Establishment Not Business Income(14.03.2022)
Income Tax Appellate Tribunal, Dehradun has ruled that interest on income tax refund received by a foreign enterprise is not effectively connected to .....
Tags : Income Tax Appellate Tribunal, Interest on Income Tax Refund
CESTAT, Mumbai Allows CENVAT Credit Even When Goods Not Classified as Capital Goods(14.03.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has allowed the CENVAT credit even when the goods were not classified as capital g.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, CENVAT Credit
CESTAT, Delhi: No Malafide Intention on Claiming Cenvat Credit on Rent a Cab Service(08.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Delhi has confirmed a demand in relation to availment of cenvat credit of service tax paid on rent.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cenvat credit, service tax, rent-a-cab service, malafide intention
CESTAT, Delhi: No Central Excise Duty on Manufacture of CO2 Gas During Manufacture of Beer(08.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Delhi has observed that central excise duty cannot be levied during the manufacture of beer on the.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, central excise duty, manufacture of beer, carbon dioxide gas, alcoholic liquors, consumption, State subject
CESTAT, Mumbai: Lehman Brothers Securities Eligible for Service Tax Refund Claim(08.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Mumbai has ruled that Lehman Brothers Securities Pvt Ltd, is entitled for the refund claim of Serv.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Mumbai, Lehman Brothers Securities Pvt Ltd, Service Tax, legal consultancy services, Reverse Charge Mechanism, winding up
ITAT, Mumbai: Non-Disclosure of Foreign Asset in ITR Not Valid Reason for Imposition of Penalty(08.04.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has observed that non disclosing of a foreign asset in the income tax return, by itself, is not a valid r.....
Tags : Income Tax Appellate Tribunal, foreign asset, income tax return, Black Money Act, assessee
ITAT, Mumbai: Payment for Transponder Services Not Amount to Royalty(08.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the payment for transponder services would not amount to royalty under the provisions of Incom.....
Tags : Income Tax Appellate Tribunal, transponder services, royalty, Income Tax, Double Taxation Avoidance Agreements
ITAT, Delhi: Provision of Ground Rent Shall Not be Allowable Under Section 43B Income Tax Act(03.08.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the provision of ground rent shall not be allowable under section 43B of the Income Tax Act,.....
Tags : Income Tax Appellate Tribunal, Provision of Ground Rent
CESTAT, Delhi: LLPs Not Liable to Pay Service Tax Under Reverse Charge Mechanism(03.08.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has held that a Limited Liability Partnership (LLP), being not a “Body Corporate” u.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Limited Liability Partnership
CBDT Extends Due Date for Filing Various Income Tax Forms(04.08.2021)
Central Board of Direct Taxes (CBDT) has issued an order extending due dates for Quarterly statement in Form No. 15CC up to 31st August 2021, Equaliza.....
Tags : Central Board of Direct Taxes, Extension of Filing Due Dates
ITAT: Refund of Sewage Tax Constitute ‘Business Income’(23.05.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the refund of sewage tax would be assessed as business income as the same was earlier.....
Tags : ITAT, Sewage Tax, Income-Tax Act, 1961
ITAT: Product Development Expenditure is ‘Revenue’ in Nature(23.05.2022)
Income Tax Appellate Tribunal (ITAT), Pune bench has held that the expenditure incurred on testing and validation of the products is revenue in nature.....
Tags : ITAT, Income-Tax Act, 1961, Product Development Expenditure, Revenue
AAR, Gujarat: No GST Leviable on Amount Representing Employees Portion of Canteen Charges(03.05.2022)
Authority of Advance Ruling, Gujarat has ruled that no Goods and Services Tax is leviable in the hands of the employer on an amount in lieu of the emp.....
Tags : Authority of Advance Ruling, Goods and Services Tax, canteen charges
AAR, Karnataka: Computer Software Supplied to Public Funded Research Institutions Attracts 5% GST(03.05.2022)
Authority of Advance Ruling, Karnataka has ruled that 5% Goods and Services Tax is payable on computer software supplied to public-funded research ins.....
Tags : Authority of Advance Ruling, 5% Goods and Services Tax, computer software
ITAT, Ahmedabad: CIT(A) Shall Condone Delay and Dispose Appeal on Merits(03.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that the Commissioner (Appeals) shall condone the delay and dispose the appeal on merits if the ass.....
Tags : Income Tax Appellate Tribunal, malafide manner, assessee
ITAT, Ahmedabad: Additions Cannot be Made to Assessee's Income on Basis of Document(03.05.2022)
Income Tax Appellate Tribunal , Ahmedabad has held that additions cannot be made to assessee's taxable income on the basis of documents that are decla.....
Tags : Income Tax Appellate Tribunal , Customs Excise and Service Tax Appellate Tribunal, service tax
CESTAT, Mumbai: Confiscation Order Can’t be Invoked Without Corroborating Evidence(03.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has ruled that an order of confiscation under section 111(m) of customs Act 1962, along with .....
Tags : Customs, Excise & Service Tax Appellate Tribunal, section 112, Customs Act, 1962
ITAT, Ahmedabad: Deemed Rent Inapplicable to Property That is Stock-in-Trade(03.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that the concept of deemed rent can’t be applicable to the properties which are treated as stock-in.....
Tags : Income Tax Appellate Tribunal, stock-in-trade, deemed rent
CBDT Extends Time to Process Refunds in Non-Scrutiny Cases for Assessment Year 2017-18(07.07.2021)
Central Board of Direct Taxes has extended the time for processing refunds in non-scrutiny cases for assessment year 2017-18 up to 30th September, 202.....
Tags : Central Board of Direct Taxes, Process Refunds in Non-Scrutiny Cases for Assessment Year 2017-18
Madras HC Directs to Suspend State Tax Officer for Misleading Court(08.07.2021)
Madras High Court has directed the State government to suspend a State Tax Officer for having misled the court during the hearing of a batch of cases .....
Tags : Madras High Court, Suspension of State Tax Officer
CBIC Launches Online Filing of Application for Authorised Economic Operators(09.07.2021)
Central Board of Indirect Taxes & Customs (CBIC) has inaugurated the online filing of Authorised Economic Operators (AEO) T2 and T3 applications to en.....
Tags : Central Board of Indirect Taxes & Customs, Application for Authorised Economic Operators
ITAT, Allahabad: Amount of Share of Conversion of Leasehold Land Allowed as Cost of Improvement(12.07.2021)
Income Tax Appellate Tribunal (ITAT), Allahabad has held that the amount paid by a co-owner of the property towards his share for conversion of afores.....
Tags : Income Tax Appellate Tribunal, Amount of Share of Conversion of Leasehold Land
ITAT: Notice Issued U/S 271 IT Act Must Record the Specific Ground on Which it Initiated(01.06.2022)
Income Tax Appellate Tribunal (ITAT), Amritsar Bench has held that unambiguous statement in notice can strike off penalty imposed u/s 271 of the Incom.....
Tags : ITAT. Income-Tax Act, Notice
CBDT Notifies New Income Tax Return Forms 1 to 5 for Assessment Year 2022-23(01.04.2022)
Central Board of Direct Taxes (CBDT) has notified Forms 1 to 5 of Income tax returns for Assessment year 2022-23.
Tags : Central Board of Direct Taxes, Forms 1 to 5, Assessment years 2022-23
ITAT, Delhi: Payment to Microsoft for Software Purchase Does Not Amount to Royalty(04.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the assesee, HP Services (Singapore) cannot be taxed for royalty as per the Indo-Singapore Doub.....
Tags : Income Tax Appellate Tribunal, HP Services, Indo-Singapore, Double Taxation Avoidance Agreement, Microsoft company
Andhra Pradesh HC: Notice Issue for Hearing is a Statutory Requirement under GST(04.04.2022)
Andhra Pradesh High Court has held that issuing notice for hearing is a statutory requirement under Section 75(4) of Goods and Service Tax Act, 2017 b.....
Tags : Andhra Pradesh High Court, Notice for Hearing, Section 75(4) Of Goods and Service Tax Act, 2017
ITAT, Delhi: Non-Appearance Before Authorities to Imply Assessee Has Nothing to Rebut(04.04.2022)
Income Tax Appellate Tribunal Delhi has observed that the income tax proceedings are attached with the presumption of truth and the non-appearance bef.....
Tags : Income Tax Appellate Tribunal, income tax proceedings, presumption of truth, rebut
CESTAT, Delhi: No Penalty on Importer on Ground of Error in Bill of Entry(04.04.2022)
Customs Excise and Service Tax Appellate Tribunal, Delhi has ruled that the penalty under the Customs Act, 1962 can’t be imposed on an importer for th.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Error in Bill of Entry
ITAT, Mumbai: Order of Assessment without Reasons, Not Erroneous or Prejudicial to Interest of Revenu(04.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that action of the Assessing Officer to accept the explanation submitted by the Assessee during scr.....
Tags : Income Tax Appellate Tribunal, Assessing Officer, Assessee
Delhi HC Grants Bail to Person Accused Of Fraudulently Claiming ITC(18.04.2022)
Delhi High Court has allowed bail to the person accused of fraudulently claiming an input tax credit under the Central Goods and Services Tax Act, 20.....
Tags : Delhi High Court, Central Goods and Services Tax Act, 2017, input tax credit
ITAT, Mumbai: Corpus Donations Received by Trust Not Taxable, Even If Trust Is unregistered(18.04.2022)
Income Tax Appellate Tribunal, Mumbai has held that the corpus donations received by a Trust for a specific purpose are not taxable, even if the Trust.....
Tags : Income Tax Appellate Tribunal, Section 12 A of the Income Tax Act, 1961, capital receipt
ITAT, Mumbai: Corpus Donations Received by Trust Not Taxable, Even If Trust Is unregistered(18.04.2022)
Income Tax Appellate Tribunal, Mumbai has held that the corpus donations received by a Trust for a specific purpose are not taxable, even if the Trust.....
Tags : Income Tax Appellate Tribunal, Section 12 A of the Income Tax Act, 1961, capital receipt
AAR, West Bengal: No GST on Service Provided to State Government for Collection and Disposal of Bio-M(18.04.2022)
Authority for Advance Ruling, West Bengal has ruled that service provided to the State Government for the collection and disposal of bio-medical waste.....
Tags : Authority for Advance Ruling, State Government, bio-medical waste, Goods and Services Tax
AAR, West Bengal: No GST on Service for Collection and Disposal of Bio-Medical Waste(18.04.2022)
Authority for Advance Ruling, West Bengal has ruled that service provided to the State Government for the collection and disposal of bio-medical waste.....
Tags : Authority for Advance Ruling, State Government, bio-medical waste, Goods and Services Tax
ITAT, Bangalore Allows Capital Gain Exemption Since Sale Deed was Registered Within Given Time(18.04.2022)
Income Tax Appellate Tribunal, Bangalore has observed that the date of completion of construction of new property is immaterial to allow exemption und.....
Tags : Income Tax Appellate Tribunal, section 54F, Income Tax Act, 1961, statutory period
ITAT, Pune: Capital Gain Exemption u/s 54F for Purchase of Office Premises not available(08.04.2022)
Income Tax Appellate Tribunal, Pune has observed that the capital gain exemption under section 54F of the Income Tax Act, 1961 is not available in the.....
Tags : Income Tax Appellate Tribunal, capital gain exemption, Income Tax Act, 1961, office premises
ITAT, Mumbai: Revisional Jurisdiction Invoked for Lack of Inquiry, Not for Inadequate Inquiry(08.04.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that the revisional jurisdiction can be invoked only for lack of inquiry and not for inadequate inquir.....
Tags : Income Tax Appellate Tribunal, Revisional Jurisdiction, lack of inquiry, section 263, Income Tax Act, 1961
CESTAT, Delhi: Place of Removal is Premises of Buyer to Avail Cenvat Credit on Outward Transport(11.04.2022)
Customs Excise and Service Tax Appellate Tribunal, Delhi has observed that the place of removal for availing cenvat credit on outward transport is the.....
Tags : Customs Excise and Service Tax Appellate Tribunal, cenvat credit, Rule 2(l) of the Cenvat Rules, 2004
CESTAT, Mumbai: Lehman Brothers Securities Eligible for Refund of Service Tax(11.04.2022)
Customs Excise and Service Tax Appellate Tribunal, Mumbai has observed that Lehman Brothers Securities Pvt Ltd is entitled for the refund claim of Ser.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Lehman Brothers Securities Pvt Ltd, Service Tax, legal consultancy, Reverse Charge Mechanism
ITAT, Mumbai: Payment for Transponder Services Does Not Amount to Royalty(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the payment for transponder services would not amount to royalty under the provisions of Incom.....
Tags : Income Tax Appellate Tribunal, transponder services, royalty, Income Tax Law, Double Taxation, Avoidance Agreements
ITAT, Pune: Exemption of Capital Gain u/s 54F not available for Purchase of Office Premises(11.04.2022)
Income Tax Appellate Tribunal, Pune has observed that the exemption of capital gain under section 54F of the Income Tax Act, 1961 is unavailable if th.....
Tags : Income Tax Appellate Tribunal, capital gain, section 54F of the Income Tax Act, 1961, sale consideration
CESTAT, New Delhi Sets Aside Order Denying Cenvat Credit to Buyer(26.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, New Delhi has observed that the allegation against supplier was proved not true and set aside the or.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, cenvat credit
Chhattisgarh HC Rejects Bail to Person Allegedly Involved in Fraudulent ITC(26.04.2022)
Chhattisgarh High Court has rejected the statutory bail application filed by persons, who is concerned in fraudulent Input Tax Credit.
Tags : Chhattisgarh High Court, bail, Input Tax Credit
ITAT, Mumbai: Deemed Dividend Would Not Attract Loans and Advances Out of Commercial Consideration(26.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the provisions of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961 would be .....
Tags : Income Tax Appellate Tribunal, Deemed Dividend, Section 2(22)(e), Income Tax Act, 1961
CESTAT, Delhi: Service Tax Not Payable on Liquidated Damages(26.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Delhi has observed that service tax is not to be paid on liquidated damages recovered on the failu.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, service tax, contract
ITAT, Bangalore: Digital Data Recovered During Search has Evidentiary Value(27.04.2022)
Income Tax Appellate Tribunal, Bangalore has observed that the digital data recovered by the income tax department has evidentiary value during the se.....
Tags : Income Tax Appellate Tribunal, digital data, income tax department, Income Tax Act, 1961
ITAT, Kolkata: Adjudicating Authorities Cannot Grant Approval U/S 10(23C) With Retrospective Effect(27.04.2022)
Income Tax Appellate Tribunal, Kolkata has ruled that the adjudicating authorities under the Income Tax Act, 1961 cannot grant approval under section .....
Tags : Income Tax Appellate Tribunal, Income Tax Act, 1961, section 10(23C), retrospective
CESTAT, New Delhi: Dispute Relating to Rebate Amount Subjudice Before Appellate Forum(27.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, New Delhi has observed that dispute relating to amount of rebate subjudice before the appellate foru.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, subjudice, rebate amount
ITAT, Delhi: No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency(18.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on rece.....
Tags : Income Tax Appellate Tribunal, Cash loan, Business Exigency
ITAT, Bangalore: Payment of Sub Contracting Charges to Subsidiary Liable to TDS(18.04.2022)
Income Tax Appellate Tribunal, Bangalore has observed that payment of sub-contracting charges to subsidiary is liable to Tax Deduction at Source.
Tags : Income Tax Appellate Tribunal, Tax Deduction at Source, sub-contracting charges
ITAT, Chennai: Mere Mistake in Filing of Income Tax Return Not Effect in Enhancement of Income(18.04.2022)
Income Tax Appellate Tribunal, Chennai has observed that a mere mistake in the filing of return of income would not result into income enhancement of .....
Tags : Income Tax Appellate Tribunal, assessee, filing of return
ITAT, Chennai: Penalty Can’t be Levied Based on Estimate Addition(18.04.2022)
Income Tax Appellate Tribunal, Chennai has observed that the order of penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied mer.....
Tags : Income Tax Appellate Tribunal, section 271(1)(c) of the Income Tax Act, 1961
ITAT, Delhi: TDS u/s 194D Inapplicable to Reinsurance Commission(18.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the provisions of Tax Deducted at Source under section 194D of the Income Tax Act, 1961 is not.....
Tags : Income Tax Appellate Tribunal, Tax Deducted at Source, section 194D of the Income Tax Act, 1961
ITAT, Delhi: Framing of Reassessment u/s 147 of IT Act against Non-Existing Entity Void Ab-initio(18.04.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the re-assessment under section 147 and section 143(3) of the Income Tax Act, 1961 is not sustaina.....
Tags : Income Tax Appellate Tribunal, section 147, section 143(3) of the Income Tax Act, 1961
ITAT, Bangalore: Service Tax Collected But Not Remitted Can be Disallowed u/s 43B of Income Tax Act(18.04.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that the amount of service tax collected under section 43B of the Income Tax Act, 1961 but not remi.....
Tags : Income Tax Appellate Tribunal, service tax, section 43B of the Income Tax Act, 1961
Delhi HC: ITAT Final Arbiter of Facts, Its Order Can be Interfered Only if There is Question of Law(03.05.2022)
Delhi High Court has observed that the High Court can interfere with its order only if there is substantial question of law or there is manifest illeg.....
Tags : Delhi High Court, Income Tax Appellate Tribunal
ITAT, Delhi: Assessing Officer Cannot Apply Wrong Method in Lack of Audited Financials of AE(04.05.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the Assessing Officer cannot give benefit to the assessee for non-cooperation in providing audited.....
Tags : Income Tax Appellate Tribunal, associated enterprises, Assessing Officer
Kerala HC: Cancellation of Registration Not Informed Through News Paper and Notice As Per Kerala VAT(04.05.2022)
Kerala High Court has held that the dealer is eligible for the input tax credit during the transition period since the cancellation of registration ha.....
Tags : Kerala High Court , input tax credit, cancellation, Form No.5 B
ITAT, Bangalore: TDS Not Applicable to Commission for Professional Service by Non Resident(04.05.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that Tax Deduction at Source is not applicable to commission for professional service by Nonresiden.....
Tags : Income Tax Appellate Tribunal, Tax Deduction at Source, professional service
Madras HC: Initiation of Malicious Prosecution by Income Tax Dept. is Abuse of Power(04.05.2022)
Madras High Court has ruled that the suppression of material facts, the intentional suggestion of falsehood and the non-application of mind shows that.....
Tags : Madras High Court, Income Tax department, malicious prosecution, falsehood
CESTAT, Delhi: Anti-Dumping Duty Paid After Validity of Notification is Refundable(05.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Delhi has ruled that the Anti-dumping duty paid after the expiry of the period mentioned in the co.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, notification, importer, anti-dumping duty
ITAT: Investments Converted into Stock-in-Trade Can Avail Exemption U/S 10(38)(23.05.2022)
Income Tax Appellate Tribunal (ITAT), Pune has held that investment converted into stock in trade can avail exemption u/s 10(38) of Income Tax Act 196.....
Tags : ITAT, Income-Tax Act, 1961, Stock Trade, Investment
Meghalaya HC: Order Can’t be Passed U/s 148A(d) Without Taking Into account the Assessee’s Reply(23.05.2022)
Meghalaya High Court has held that no order can be passed under Section 148A(d) of the Income Tax Act, 1961, without taking into consideration reply f.....
Tags : Meghalaya High Court, Assessee, Income-Tax Act, 1961
CESTAT: No Service Tax on Rajasthan CDF for Collection of Service Charges from Milk Unions(24.05.2022)
Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Delhi Bench has held that no service tax is payable on the service charges collected by the .....
Tags : CESTAT, Service Tax, Rajasthan Cooperative Dairy Federation
Meghalaya HC Quashes Re-Assessment on Ground of Non-consideration of Objection Filed by Assessee(24.05.2022)
Meghalaya High Court has quashed a re-assessment under Section 148(d) of the Income Tax Act, 1961 on the ground that the same was passed without consi.....
Tags : Meghalaya High Court, Re-Assessment, Income-Tax Act, 1961
Gujarat HC Permits Appointment under ST Quota Pending Scrutiny of Caste Certificate(24.05.2022)
Gujarat High Court has permitted a person claiming to be from Scheduled Tribe community, to be provisionally appointed to the post of Sales Tax Inspec.....
Tags : Gujarat high Court, Scheduled Tribe, Sales Tax
ITAT: Dividend Received by Builder not Subject to DDT Shall Assessable as ‘Other Income’(24.05.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the dividend income received by the assessee, a builder, which is not subject to Divi.....
Tags : ITAT, Dividend Distribution Tax, Income from other sources
ITAT, Mumbai: Revisional Jurisdiction Can be Invoked for Lack of Inquiry, Not for Inadequate Inquiry(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the revisional jurisdiction under section 263 of the Income Tax Act, 1961 can be invoked only .....
Tags : Income Tax Appellate Tribunal, revisional jurisdiction, section 263 of the Income Tax Act, 1961, lack of inquiry, inadequate inquiry
CESTAT, Ahmedabad: Cenvat Credit Allowable on Courier Services Used for Export of Goods(11.04.2022)
Customs Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that cenvat credit is allowable for courier services on the amount of input .....
Tags : Customs Excise and Service Tax Appellate Tribunal, cenvat credit, input tax, courier services
ITAT, Vishakhapatnam: Use of Agricultural Produce for Feeding Children is Charitable Activity(11.04.2022)
Income Tax Appellate Tribunal, Vishakhapatnam has observed that the activity of agricultural products for feeding children in the orphanage is charita.....
Tags : Income Tax Appellate Tribunal, agricultural products, charitable, orphanage, charitable society
CESTAT, Ahmedabad: Cenvat Credit on Services within Factory Premises allowable(11.04.2022)
Customs Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that cenvat credit in respect of garden maintenance service under the Cenvat.....
Tags : Customs Excise and Service Tax Appellate Tribunal, cenvat credit, Cenvat Credit Rules, garden maintenance
ITAT, Mumbai: Corpus Donations by Un-Registered Trust Considered as Capital Receipt(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that Corpus Donations received by an un-registered trust will be under the purview of Capital Recei.....
Tags : Income Tax Appellate Tribunal, Corpus Donations, Capital Receipt
CESTAT, Ahmedabad: Non-filing of Declaration Can’t be Reason to Refuse Reversal of Credit(11.04.2022)
Customs Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that mere non filing of declaration can’t be a reason to deny the proportion.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Cenvat Credit Rules, 2004, Reversal of Credit
ITAT Grants Conditional Stay to Vodafone Group in Transfer Pricing Case(20.07.2021)
Income Tax Appellate Tribunal (ITAT) has granted a conditional stay to a Vodafone Group Plc entity Vodafone India Services Pvt Ltd (VISPL) in a transf.....
Tags : Income Tax Appellate Tribunal, Conditional Stay to Vodafone Group
CBDT Extends Electronic Filing IT Forms 15CA/15CB Till August 15(21.07.2021)
Central Board of Direct Taxes (CBDT) has extended the electronic filing of Income Tax Forms 15CA/15CB till 15th August, 2021.
Tags : Central Board of Direct Taxes, Electronic Filing IT Forms 15CA/15CB
ITAT, Bangalore: Income Tax Deduction Not Allowed to Professional Charges Paid for Acquisition(26.07.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that the income tax deduction cannot be allowed to professional and consultancy charges paid .....
Tags : Income Tax Appellate Tribunal, Professional Charges Paid for Acquisition
CBDT Amends Rule 12 of Income Tax Rules Dealing with Return of Income(29.07.2021)
Central Board of Direct Taxes (CBDT) has notified Income-tax (20th Amendment) Rules, 2021 which seeks to amend Income-tax Rules, 1962. The Board has a.....
Tags : Central Board of Direct Taxes, Income-tax (20th Amendment) Rules, 2021
CESTAT: CSR is Not ‘Input Service’(13.06.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), has upheld the order disallowing credit towards the service tax paid on services used for.....
Tags : CESTAT, Service Tax, CSR
ITAT: Non-Issue of Proper Show Cause Notice Can be Fatal to Proceedings Under Income Tax Act(13.06.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that non-issue of proper show-cause notice can be fatal to the proceedings under the In.....
Tags : ITAT, Income-Tax Act, Show Cause Notice
Orissa HC: Commission Paid To Persons Who Are Not Beneficial to Business of Assessee is Taxable(16.05.2022)
Orissa High Court while dismissing a challenge against an order of the Income Tax Appellate Tribunal which disallowed commission expenses as claimed b.....
Tags : Orissa High Court, Income Tax Appellate Tribunal
Calcutta HC: Reassessment Order Passed Without Issuance of Notice Is Invalid(16.05.2022)
Calcutta High Court has ruled that the reassessment order passed without issuance of notice under Section 148 of the Income Tax Act, 1961 is not valid.....
Tags : Calcutta High Court, Section 148, Income Tax Act, 1961
CESTAT: Refund Can’t be Treated as Time Barred as Claim Made Before Wrong Forum(16.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Chennai has ruled that the claim of refund made before a wrong forum cannot be rejected by treatin.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Chennai, section 11B, Central Excise Act, 1944, wrong forum
ITAT, Pune: Revisional Jurisdiction Cannot be Invoked Sans Illegality in Original Re-Assessment(16.05.2022)
Income Tax Appellate Tribunal (ITAT), Pune while quashing a revisional jurisdiction under Section 263 of the Income Tax Act, 1961, has ruled that the .....
Tags : Income Tax Appellate Tribunal (ITAT), Pune, revisional jurisdiction, Section 263, Income Tax Act, 1961
ITAT, Pune: Revisional Jurisdiction Cannot be Invoked Sans Illegality in Original Re-Assessment(16.05.2022)
Income Tax Appellate Tribunal (ITAT), Pune while quashing a revisional jurisdiction under Section 263 of the Income Tax Act, 1961, has ruled that the .....
Tags : Income Tax Appellate Tribunal (ITAT), Pune, revisional jurisdiction, Section 263, Income Tax Act, 1961
ITAT: Re-Assessment on Wrong Assumption And Information From Another Assessing Officer Invalid(16.05.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that the reopening of assessment based on wrong assumption and information received from anothe.....
Tags : Income Tax Appellate Tribunal, assessing officer
ITAT, Chennai: Provisions of Sec 44AD Not Applicable to Commission Agents(18.04.2022)
Income Tax Appellate Tribunal, Chennai has observed that the provisions of Section 44AD of the Income Tax Act, 1961 cannot be applied to commission ag.....
Tags : Income Tax Appellate Tribunal, Section 44AD of the Income Tax Act, 1961, commission agents
AAR, Telangana: Liquidated Damages and Penalties Due to Breach of Contract Exigible to GST(19.04.2022)
Authority of Advance Ruling, Telangana has observed that the liquidated damages and penalties received by the applicant due to breach of conditions of.....
Tags : Authority of Advance Ruling, liquidated, Central Goods and Services Tax, State goods and Services Tax Acts, exigible
ITAT, Delhi: No TDS Required to be Deducted on Enhanced Compensation Under Land Acquisition Act(19.04.2022)
Income Tax Appellate Tribunal, Delhi has held that the interest on enhanced compensation awarded to land owners by the Court under Section 28 of the L.....
Tags : Income Tax Appellate Tribunal, enhanced compensation, Section 28 of the Land Acquisition Act, 1894, Tax Deducted at Source
ITAT, Delhi: Suppression in Net Sales as Business Income, Can’t be Treated As Deemed Income(19.04.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the income surrendered for suppression in the net sales shall be assessable as Income from Busines.....
Tags : Income Tax Appellate Tribunal, Suppression in Net Sales, Business Income
ITAT, Delhi: Fulfillment of Twin Conditions is Mandatory for Invoking Jurisdiction u/s 263(19.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that fulfillment of twin conditions is obligatory for invoking the jurisdiction under section 263 of.....
Tags : Income Tax Appellate Tribunal, section 263 of the Income Tax Act, 1961, jurisdiction
ITAT, Mumbai: Reasons Mentioned in Notice for Re-Assessment Cannot be Improved Later(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the reasons specified in the re-assessment notice under section 148 of the Income Tax Act, 196.....
Tags : Income Tax Appellate Tribunal, section 148 of the Income Tax Act, 1961, re-assessment notice
ITAT, Mumbai: Architect Fee Paid in Connection with Transfer of Development Rights Allowable(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the architect fee paid by the assessee regarding the transfer of development rights are allowa.....
Tags : Income Tax Appellate Tribunal, architect fee, assesse, section 48 of the Income Tax Act, 1961, capital gain
ITAT, Mumbai: Reasons Mentioned in Notice for Re-Assessment Cannot be Improved Later(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the reasons specified in the re-assessment notice under section 148 of the Income Tax Act, 196.....
Tags : Income Tax Appellate Tribunal, section 148 of the Income Tax Act, 1961, re-assessment notice
CESTAT, Ahmedabad: Non-filing of Declaration Can’t be Reason to Refuse Reversal of Credit(11.04.2022)
Customs Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that mere non filing of declaration can’t be a reason to deny the proportion.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Cenvat Credit Rules, 2004, Reversal of Credit
ITAT, Mumbai: Reasons Mentioned in Notice for Re-Assessment Cannot be Improved Later(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the reasons specified in the re-assessment notice under section 148 of the Income Tax Act, 196.....
Tags : Income Tax Appellate Tribunal, section 148 of the Income Tax Act, 1961, re-assessment notice
ITAT, Mumbai: Architect Fee Paid in Connection with Transfer of Development Rights Allowable(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the architect fee paid by the assessee regarding the transfer of development rights are allowa.....
Tags : Income Tax Appellate Tribunal, architect fee, assesse, section 48 of the Income Tax Act, 1961, capital gain
Supreme Court Uphold Over 90,000 Re-Assessment Notices Deeming them as Sec 148A Notices(05.05.2022)
Supreme Court upheld the reassessment notices under Section 148 of the unamended Income Tax Act which were issued beyond 01.04.2021 (the effective dat.....
Tags : Reassessment Notices, Income Tax Act, Section 148A, Supreme Court
ITAT: Outstanding Balances cannot be treated as ‘Bogus’ when Payment made through Banking Channels(05.05.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has observed that the outstanding balances cannot be suspected as bogus when the payments to par.....
Tags : Income Tax Appellate Tribunal , Bogus Payments
SC rules in Favour of Revenue Department in Reassessment Dispute Case(05.05.2022)
Supreme Court by reversing the high court orders that had quashed income-tax notices under the old reassessment regime has held that notices issued un.....
Tags : Supreme Court, Finance Act, 2021, reassessment, old regime, income-tax notices
CESTAT, Mumbai: Voluntarily Acceptance of Higher Value Exempts Importer From Confiscation Liability(05.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has reiterated that voluntarily acceptance of a higher value and willing to pay the customs d.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, customs duty, Customs Act, 1962, enhanced rate, redemption fine
CESTAT: Cenvat Credit in Outward Transportation for Services From Place of Removal to Customers Place(05.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that cenvat credit is available in case of outward transportation for the s.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cenvat credit, outward transportation
CESTAT: Cenvat Credit Available in Outward Transportation From Place of Removal to Customers Place(05.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that cenvat credit is available in case of outward transportation for the s.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cenvat credit, outward transportation
CESTAT, Ahmedabad: Cenvat Credit Allowable on Furniture Used in Guesthouse(16.05.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has observed that cenvat credit can be allowed on the furnitures used in guest .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cenvat credit
CESTAT, Kolkata: Compensation Received For Coal Blocks Cancellation, Not Liable to Pay Service Tax(16.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Kolkata has held that compensation received under a statute for cancellation of coal blocks/mines .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Supreme Court, Service Tax, coal blocks
ITAT, Kolkata: Disallowance U/S 14A Not to be Considered While Computing Book Profit(16.05.2022)
Income Tax Appellate Tribunal, Kolkata has ruled that the disallowance under Section 14A of the Income Tax Act, 1961 cannot be considered while comput.....
Tags : Income Tax Appellate Tribunal, Section 14A, Income Tax Act, 1961, book profit
CESTAT, Kolkata: Service Tax Not Exigible on Compensation Received for Cancellation of Coal Blocks(17.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Kolkata has ruled that the compensation received under a statute for cancellation of coal blocks/m.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Supreme Court, coal blocks, Service Tax
ITAT, Kolkata: No Revision U/S 263 IT Act When AO Has Made Sufficient Enquiry(17.05.2022)
Income Tax Appellate Tribunal, Kolkata has ruled that no revision under Section 263 of the Income Tax Act, 1961 when Assessing Officer has made suffic.....
Tags : Income Tax Appellate Tribunal, Section 263, Assessing Officer
CESTAT: Stability Studies, Technical Testing & Analysis of New Drugs Not Subject to Service Tax(17.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Bangalore has ruled that the stability studies, technical testing and analysis of new drugs are no.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, stability studies, technical testing, Scientific and Technical Consultant Service, Technical Testing and Analysis Service, service tax
Calcutta HC: Benefit under Vivad Se Vishwas Scheme is Optional(04.04.2022)
Calcutta High Court has observed that the benefit provided under the Direct Tax Vivad Se Vishwas Scheme is optional while condoning the delay in a bun.....
Tags : Calcutta High Court, Direct Tax, Vivad Se Vishwas Scheme
Calcutta HC Quashes Re-Assessment Passed Without Application of Mind(04.04.2022)
Calcutta High Court has observed that the re-assessment passed under section 148 of the Income Tax Act, 1961 without the application of mind is not su.....
Tags : Calcutta High Court, section 148 of the Income Tax Act, 1961, Quashment of Re-Assessment
ITAT, Mumbai: Amount Spent on Consumable Items can’t be Claimed as Improvement Cost(04.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the amount spent on consumable items including sofa, tiles, etc., can’t be claimed as cost .....
Tags : Income Tax Appellate Tribunal, improvement cost, Income Tax Act, 196, capital gain
ITAT, Mumbai: Revisional Jurisdiction Can’t be Invoked , Order of Assessment Without Reasons(04.04.2022)
Income Tax Appellate Tribunal, Mumbai, has observed that the revisional jurisdiction under section 263 of Income Tax Act, 1961 cannot be invoked while.....
Tags : Income Tax Appellate Tribunal, revisional jurisdiction, Section 263 of the Income Tax Act, 1961, M/s Reliance Payment Solutions Pvt Ltd
Gujarat HC: No Show Cause Notice Issued Along With Draft Assessment Order u/s 144B(04.04.2022)
Gujarat High has observed that the issuance of a show cause notice along with the draft assessment order is absolutely important before passing an ord.....
Tags : Gujarat High Court, draft assessment order, Section 144B of the Income Tax Act
Calcutta HC: Reasons Recorded in 142(1) Notice Not Existing at Issue of Re-Assessment Notice(05.04.2022)
Calcutta High Court has observed that the reasons mentioned in the notice under Section 142(1) and Section 147 of the Income Tax Act, 1961 were not ex.....
Tags : Calcutta High Court, Section 142(1), Section 147 of the Income Tax Act, 1961, re-assessment notice
ITAT, Delhi: Fee for Cloud Services Not Royalty(27.04.2022)
Income Tax Appellate Tribunal, Delhi while granting relief to a subsidiary company of Information Technology giant Microsoft Corporation, Ministry of .....
Tags : Income Tax Appellate Tribunal, Information Technology, Microsoft Corporation, Ministry of Law Corporation, subscription fee, royalty, cloud computing
ITAT, Mumbai: IT Law Doesn't Bar Assessing Officer to go Beyond Reasons Where Re-Assessment Initiated(28.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that there is no bar under the law that the Assessing Officer is entitled to confine assessment on .....
Tags : Income Tax Appellate Tribunal, Assessing Officer, Income Tax Act, 1961, sections 147, sections 148
ITAT, Bangalore: Transactions Between Trust and Trustee Not Covered U/S 269SS of Income Tax Act(28.04.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that the managing trustee of the society is not covered by the expression any other persons stirrin.....
Tags : Income Tax Appellate Tribunal, section 269SS, 269T of the Income Tax Act, 1961
ITAT, Mumbai: Data Retrieved From Pen Drive Can’t be Sole Evidence For Re-Assessment(28.04.2022)
Income Tax Appellate Tribunal, Mumbai has held that the data retrieved from the pen drive seized during the search can’t be a sole basis for re-assess.....
Tags : Income Tax Appellate Tribunal, data retrieved, Income Tax Act, 1961, section 147, section 148, section 65B (4), Indian Evidence Act, 1872
SC: No Deemed Registration in Case of Non-deciding of S. 12AA Application(28.04.2022)
Supreme Court has observed that there cannot be a deemed registration in case of non-deciding of an application filed under section 12AA (2) of the In.....
Tags : Supreme Court, section 12AA (2), Income Tax Act, 1961, deemed registration
CESTAT: Service Provider Not Liable to Pay Service Tax on Commission Paid to Overseas Agent(17.08.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has held that the service provider engaged Textile Processing is not liable to pa.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Service Tax on Commission Paid to Overseas Agent
CESTAT, Delhi: No Service Tax Applicable on Transporter of Firewood(18.08.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi has ruled that no Service Tax is applicable on transporter of firewood as carting .....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Transporter of Firewood
CESTAT, Delhi: No Service Tax Applicable on Transporter of Firewood(18.08.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi has ruled that no Service Tax is applicable on transporter of firewood as carting .....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Transporter of Firewood
CBIC Issues Circular Regarding De-Notification of ICDs or CFSs or AFS(18.08.2021)
Central Board of Indirect Taxes and Customs (CBIC) has issued the Circular de-notification of Inland Container Depots (ICDs) or Container Freight Stat.....
Tags : Central Board of Indirect Taxes and Customs, De-Notification of ICDs or CFSs or AFS
CBIC Empowers Customs Commissioners, Principal Commissioners to Decide Security Amount(18.08.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the amendment in Circular No. 38/2016-Customs with the insertion of a new entry 5(d) t.....
Tags : Central Board of Indirect Taxes and Customs, Security Amount
Madras HC: Assessee Can be Prosecuted if Concealment of Income is Deliberate(27.06.2022)
Madras High Court has held that an assessee can be prosecuted for willfully and deliberately concealing his income by not filing his income tax return.....
Tags : Madras High Court, Income-Tax Return, Deliberate
ITAT: Disallowance Can’t be Made on Payment to PF and ESI Before Due Date(01.06.2022)
Income Tax Appellate Tribunal (ITAT), Amritsar Bench has held that disallowance can’t be made on payment to PF and ESI before the due date u/s 139(1) .....
Tags : ITAT. Income-Tax Act, Disallowance
Delhi HC Quashes Charges U/S 132 IT Act for Lack of any Material on Record(01.06.2022)
Delhi High Court has quashed Criminal Charges u/s 132 of Income Tax Act without any material on record for prima facie satisfaction.
Tags : Delhi High Court, Income-Tax, Prima Facie
ITAT: Disallowance is Calculated Based on Average Value of Share(02.06.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench has held that as per Rule 8D(2)(iii) of Income-Tax Rule, 1962, the disallowance under Section 14A of .....
Tags : ITAT, Income Tax, Disallowance
ITAT: SIDC Eligible for Section 80IA Deduction for Interest on Land Premium on Industrial Parks(02.06.2022)
Income Tax Appellate Tribunal, Dehradun bench has held that State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd. (SIDC) is el.....
Tags : ITAT, Income-Tax, SIDC, Deduction
DGGI Issues Notice to Swiggy for Wrongfully Availing ITC(03.06.2022)
Director-General of GST Intelligence (DGGI), Hyderabad has issued a notice to the operator of food delivery app Swiggy In a case on alleged GST evasio.....
Tags : DGGI, GST Evasion, Tax Credit
AAR: Supply of Works Contract Services to Nagar Nigam Attracts 12% GST(06.06.2022)
Gujarat Authority of Advance Ruling has ruled that 12% Goods and Services Tax (GST) is payable on the supply of work contract services to Nagar Nigam.
Tags : Gujarat Authority of Advance Ruling, Goods and Services Tax, Nagar Nigam
AAR: Sale of Car by Company After Using it for Business Purpose Attracts 18% GST(06.06.2022)
Gujarat Authority of Advance Ruling has ruled that 18% Goods and Services Tax (GST) is payable on the sale of a car by a company after using it for bu.....
Tags : Gujarat Authority of Advance Ruling, Goods and Services Tax, Sale
CESTAT: Cenvat Credit Allowable on Steel Items Used in Creation of Sponge Iron Kiln and Power Plant(17.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Kolkata has applied the "user-test" by providing cenvat credit on steel goods used in the construc.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, user-test, cenvat credit, sponge iron kiln, power plant
ITAT, Amritsar: Revisional Order Should be in Detail, Enriched With Facts(17.05.2022)
Income Tax Appellate Tribunal, Amritsar while quashing a revisional order, has observed that the order under Section 263 of the Income Tax Act, 1961 s.....
Tags : Income Tax Appellate Tribunal, Section 263, revisional
ITAT, Ahmedabad: KYC Form is Prima Facie Proof For Address of Account Holder(17.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that Know Your Customer (KYC) Form is prima facie proof for address of account holder and upholds t.....
Tags : Income Tax Appellate Tribunal, Know Your Customer, cash deposits
ITAT, Kolkata: Non-Mentioning of Relevant Limb in Penalty Notice is Not Curable Defect(17.05.2022)
Income Tax Appellate Tribunal, Kolkata has ruled that the failure to mention a crucial limb in the penalty notice is not a curable defect, and the pro.....
Tags : Income Tax Appellate Tribunal, crucial limb, curable defect
CESTAT: Exemption of Excise Duty For Galvanized Solar Structures As Part of Solar Power Generation(17.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, New Delhi has ruled that galvanised solar structure is a part of solar power generation facility and.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, galvanized, solar power, excise
Delhi HC: Change of Opinion Can’t be Reason to Believe to Obtain Income to Initiate Re-Assessment(18.05.2022)
Delhi High Court while dismissing an appeal by the Income tax department, has ruled that mere change of opinion cannot be a reason to believe that the.....
Tags : Delhi High Court, Income tax department, Sections 147, Sections 148, Income Tax Act, 1961
Calcutta HC: Income Tax Dues of Company Couldn’t Recover Post-Liquidation(28.04.2022)
Calcutta High Court has upheld the notices issued against two directors of the Company by allowing for the fact that the income tax department was una.....
Tags : Calcutta High Court, garnishee notices, Income tax department, liquidation process
ITAT, Jaipur: FDRs Interest Made for Business Purposes Shall be Treated as Business Income(29.04.2022)
Income Tax Appellate Tribunal, Jaipur has ruled that the interest income received from the Fixed Deposit Receipt made for business purposes and for ge.....
Tags : Income Tax Appellate Tribunal, Fixed Deposit Receipt, Income from Other Sources, Income Tax Act, 1961
ITAT, Bangalore: Assessee Couldn’t Submit Evidence for Payment of Brokerage for Sale of Property(29.04.2022)
Income Tax Appellate Tribunal, Bangalore has permitted 1% of the sale consideration as brokerage for the sale of the property since the assessee could.....
Tags : Income Tax Appellate Tribunal, brokerage, Income Tax Act, 1961, assessee
CESTAT, Chennai : Royalty Need Not be Included in Transaction Value if Not Paid to Foreign Supplier(29.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Chennai has ruled that royalty need not be incorporated in transaction value if not paid to a foreig.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, royalty, foreign supplier
CESTAT, New Delhi: No Denial of Cenvat Credit Merely on Procedural Irregularity(29.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, New Delhi has observed that no denial of cenvat credit simply on procedural irregularity.
Tags : Customs, Excise & Service Tax Appellate Tribunal, cenvat credit
ITAT, Mumbai: No TDS on Payments to Foreign Insurers, Rules(29.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that any payment prepared by the assessee company to such foreign insurers would not be chargeable .....
Tags : Income Tax Appellate Tribunal, Section 195(1), Income Tax Act, 1961, foreign insurers
AAR, West Bengal: Dismantling of Existing Sleeper and Installing New Ones Attracts 12% GST(06.05.2022)
Authority of Advance Ruling, West Bengal has held that the dismantling of existing sleeper fixings and/or installation of H-Bean Steel sleepers for ra.....
Tags : Authority of Advance Ruling, sleeper fixings, H-Bean Steel sleepers, Goods and Services Tax
ITAT, Mumbai Deletes Transfer Pricing Adjustment on International Transaction(06.05.2022)
Income Tax Appellate Tribunal, Mumbai while ruling that Transfer Pricing Officer (TPO) has adopted the wrong Gross Profit Margin of the comparable com.....
Tags : Income Tax Appellate Tribunal, Transfer Pricing Officer, Gross Profit Margin, Transfer pricing
ITAT, Delhi: AO Cannot Apply Wrong Method to Determine Profit in Absence of Audited Financials(06.05.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the Assessing Officer cannot give benefit to the assessee for non-cooperation in providing audited.....
Tags : Income Tax Appellate Tribunal, Assessing Officer, audited financials
AAR, Tamil Nadu: 12% GST on Solar Pump Controller for Solar Submersible Pump Application(06.05.2022)
Authority for Advance Ruling, Tamil Nadu has observed that 12% Goods and Services Tax Applicable on Solar Pump Controller for Solar Submersible Pump A.....
Tags : Authority for Advance Ruling, Goods and Services Tax, 12%, Solar Pump Controller
AAR, Tamil Nadu: PSA Medical Oxygen Generation Plant Attracts 18% GST(06.05.2022)
Authority for Advance Ruling, Tamil Nadu has ruled that Pressure Swing Adsorption (PSA) Medical Oxygen Generation Plant attracts 18% Goods and Service.....
Tags : Authority for Advance Ruling, Goods and Services Tax, Pressure Swing Adsorption, Medical Oxygen Generation
ITAT: Capital Gain Exemption Can't be Denied For Presence of Husband's Name in Purchase Document(06.05.2022)
Income Tax Appellate Tribunal, Bangalore has held that the capital gain exemption cannot be denied to the wife for the mere presence of the husband's .....
Tags : Income Tax Appellate Tribunal, capital gain, purchase document
Gujarat HC Allows GST Refund to Service Recipient Who Borne Tax Burden(09.05.2022)
Gujarat High Court has ruled that, as per Section 54 of the Central Goods and Services Tax Act, 2017 a claim of refund may be made directly by the rec.....
Tags : Gujarat High Court, Section 54, Central Goods and Services Tax Act, 2017, tax
ITAT, Bangalore: Corporate Guarantee Falls Within Ambit of International Transaction(19.04.2022)
Income Tax Appellate Tribunal, Bangalore has observed that corporate guarantee falls within the extent and ambit of international transaction and Arm’.....
Tags : Income Tax Appellate Tribunal, Arm’s Length Price, international transaction
ITAT, Delhi: Royalty Cannot be Endorsed to Providing Customized Research Advisory Services(19.04.2022)
Income Tax Appellate Tribunal; Delhi has observed that customized research advisory services are not taxable under the head Royalty under the relevant.....
Tags : Income Tax Appellate Tribunal, Royalty, Income Tax Act, 1961, customized research advisory services
ITAT, Delhi Restricts Addition Only on Embedded Portion of Profit(19.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the addition due to mismatch amid the Books of Accounts and Form 26AS can be made only on the e.....
Tags : Income Tax Appellate Tribunal, Books of Accounts, Form 26AS, embedded profit portion
AAR, Telangana: ITC Can Be Availed on IGST Paid Both on Imports Intra & Inter-State Sales Authority(20.04.2022)
Allahabad High Court has observed that the Court for the reason of an application under Section 29A of the Arbitration and Conciliation Act, 1996 woul.....
Tags : Authority of Advance Ruling, Goods and Services Tax, 2017, Input Tax Credit
Madras HC: Signing of Statement Admitting Tax Liability Not Lead to Self-Assessment(20.04.2022)
Madras High Court has ruled that the signing of a statement by the taxpayer admitting tax liability under the stress of investigation and making payme.....
Tags : Madras High Court, section 74 of the Central Goods and Services Tax Act, 1961, taxpayer, tax liability
ITAT, Ahmedabad: Assessing Officer Cannot Interfere With Business Decisions of Assessee(20.04.2022)
Income Tax Appellate Tribunal, Ahmedabad has observed that the Assessing Officer cannot interfere with the business decisions of the assessee.
Tags : Income Tax Appellate Tribunal, Assessing Officer, assessee
ITAT, Ahmedabad: TDS on Car Hiring Charges Paid Above Rs. 1.8 Lakhs U/S 194I of Income Tax Act(20.04.2022)
Income Tax Appellate Tribunal, Ahmedabad has observed that charges of car hiring falls under the provision of section 194I of the Income Tax Act, 1961.....
Tags : Income Tax Appellate Tribunal, section 194I of the Income Tax Act, 1961, Rs. 1.8 lakhs, Tax Deducted at Source
Supreme Court Upholds Constitutional Validity of Amendments Related to Charitable Trust Registration(11.04.2022)
Supreme Court has upheld the constitutional legality of the recent amendments made in the Finance Act, 2020 with regard to the new provisions regardin.....
Tags : Supreme Court, constitutional legality, Finance Act, 2020, Income Tax Act, 1961, religious trusts
ITAT, Bangalore: No Rationale in Making Additions to Income on Violation of RBI Notifications(11.04.2022)
Income Tax Appellate Tribunal, Bangalore has observed that there is no rationale in the action of the Assessing Officer of making additions to income .....
Tags : Income Tax Appellate Tribunal, rationale, Assessing Officer, assesse, Section 68 of the Income Tax Act, 1961, Reserve Bank of India
ITAT, Bangalore: Agricultural Land Not Converted at Time of Sale Not Included as Capital Gain(11.04.2022)
Income Tax Appellate Tribunal, Bangalore has observed that since the agricultural land was not converted at the time of sale, the sale consideration s.....
Tags : Income Tax Appellate Tribunal, agricultural land, sale consideration, Income Tax Act, 1961, assessee
ITAT, Mumbai: Depreciation Allowable on Marketing Information and Non-Compete Fee(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the depreciation is allowable on intangible assets such as marketing information comprising of.....
Tags : Income Tax Appellate Tribunal, depreciation, intangible, marketing information, Commercial information, Customer data, Distribution network, Suppliers contract, Non-compete fees
Allahabad HC: Section 6 of GST Act is Enacted to Avoid Possibility of Conflicting Orders(11.04.2022)
Allahabad High Court has observed that section 6 of Goods and Services Tax Act, 2017 is enacted to avoid possibility of orders of conflict and holds n.....
Tags : Allahabad High Court, section 6 of Goods and Services Tax Act 2017, jurisdiction
CESTAT: No Excise Duty on Goods Manufactured on Job Work Basis(18.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, Ahmedabad has ruled that no excise duty on goods manufactured on job work basis from old and used go.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, excise duty, job work, supplier
CESTAT: Galvanised Solar Structure to Set Up Solar Power Plants Exempted From Excise Duty(18.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Delhi has ruled that galvanised solar structures manufactured and cleared for the initial setting .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, galvanized, excise duty
CBIC Extends Due Date For Filing of GSTR-3B(18.05.2022)
Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing of GSTR 3B to May 24th, 2022 due to the technical glitches in .....
Tags : Central Board of Indirect Taxes and Customs, GSTR 3B, Infosys, GSTR-2B
Calcutta HC: GST Dept Cannot Seize Vehicle for Want of Second E-Way Bill(18.05.2022)
Calcutta High Court has ruled that the Goods and Services Tax (GST) department shall not seize the vehicle in the absence of second e-way bill since t.....
Tags : Calcutta High Court, Goods and Services Tax, e-way bill
CESTAT: Central Excise Duty Not Payable on Intermediate Products(19.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, Ahmedabad has observed that central Excise Duty is not payable on intermediate products, used captiv.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, Central Excise Duty
ITAT: Deduction U/S 80IA IT Act Cannot be Disallowed on Failure of Form No.10CCB Submission(19.05.2022)
Income Tax Appellate Tribunal, Bangalore has observed that the Claim of deduction under Section 80IA of Income Tax Act, 1961 cannot be disallowed only.....
Tags : Income Tax Appellate Tribunal, Section 80IA, From NO.10CCB, due date
Gujarat AAAR: LNG Jetties is Not in the Nature of 'Plant And Machinery'(25.05.2022)
Appellate Authority of Advance Ruling has ruled that LNG jetties are not in the nature of "plant and machinery" and so, applicant cannot avail 'input .....
Tags : Gujarat Appellate Authority of Advance Ruling, Input Tax Credit, Plant and Machinery
ITAT: Loss Out of Non-Speculative Transactions Can be Set off Under the Head of Regular Business(25.05.2022)
Income Tax Appellate Tribunal (ITAT) has held that loss arose out of non-speculative transactions can be set off under the head of the regular busines.....
Tags : ITAT, CIT, Income Tax Act, 1961
ITAT Directs Fresh Adjudication as Assessee Failed to File Reply to Income Tax Notice Due to COVID(25.05.2022)
Income Tax Appellate Tribunal, Bangalore held that assessee could not respond to the notices in view of the pandemic situation, which has to be accept.....
Tags : ITAT, Income-Tax, Covid-19
ITAT: Assessee Engaged in Generation and Selling of Power can Claim Deduction u/s 801 of ITA(26.05.2022)
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that assessee engaged in generation and selling of power can claim deduction u/s 801 of.....
Tags : ITAT, Income-Tax, Assessee
CESTAT: No Service Tax Leviable on Toll Collection(27.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Mumbai has ruled that amount collected by a toll collector during toll-collection activity will no.....
Tags : CESTAT, Service Tax, Commission Agent
ITAT: No Income-tax Penalty for Unintentional Error in Form-16(30.05.2022)
Income Tax Appellate Tribunal (ITAT), Pune bench has held that income tax penalty cannot be imposed for committing an unintentional error on Form-16.
Tags : ITAT. Income Tax, Form 16
AAR, Maharashtra: Composite Supply of Hospital Construction Works for Govt Entity Attracts 18% GST(09.05.2022)
Authority of Advance Ruling, Maharashtra has ruled that 18% Goods and Services Tax is payable on the composite supply of hospital construction works f.....
Tags : Authority of Advance Ruling, 18%, Goods and Services Tax, composite supply
AAR, Maharashtra: Composite Supply of Hospital Construction Works for Govt Entity Attracts 18% GST(09.05.2022)
Authority of Advance Ruling, Maharashtra has ruled that 18% Goods and Services Tax is payable on the composite supply of hospital construction works f.....
Tags : Authority of Advance Ruling, 18%, Goods and Services Tax, composite supply
Allahabad HC: Reassessment Order Not Valid If Notice by Assessing Authority Is Without Jurisdiction(09.05.2022)
Allahabad High Court has held that once the notice under Section 148 of the Income Tax Act, 1961 issued by the assessing authority was declared withou.....
Tags : Allahabad High Court, Section 148, Income Tax Act, 1961, re-assessment order
Madras HC: No Excuse for Not Paying GST in Time From Its Electronic Cash Register(09.05.2022)
Madras High Court has ruled that the taxpayer is liable to pay interest if there is a belated payment of tax declared in the returns filed.
Tags : Madras High Court, taxpayer, payment of tax
ITAT: Salary Reimbursement based on Cost to Cost Cannot Attract TDS Liability u/s 195(09.05.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that Tax Deduction at Source is not applicable to reimbursement of salary based on the cost to cost.....
Tags : Income Tax Appellate Tribunal, Section 195, Income Tax Act,1961, Tax Deduction at Source
Allahabad HC: 4% VAT Applicable on AT-PLAST Used in Mixing of Ready Mix Concrete(09.05.2022)
Allahabad High Court by allowing the revision petition has observed that the item AT-PLAST used in mixing of ready mix concrete is taxable at the rate.....
Tags : Allahabad High Court, Uttar Pradesh Value Added Tax Act, 2008, AT-PLAST
ITAT, Bangalore: Assessment Cannot be Based on Presumptions U/S Section 153C of IT Act(09.05.2022)
Income Tax Appellate Tribunal, Bangalore while considering the directions from the Karnataka High Court has ruled that the assessment under Section 15.....
Tags : Income Tax Appellate Tribunal, assessment, Section 153C, presumption
ITAT: Drawings Made for Non-Business Purposes are Not Allowable as Income Tax Deduction(13.06.2022)
Income Tax Appellate Tribunal (ITAT), Visakhapatnam bench has held that drawings made for non-business purposes are not allowable as a deduction under.....
Tags : ITAT, Deductions, Income-Tax
ITAT: Service Tax is Not Payable Until Consideration is Received(15.06.2022)
Income Tax Appellate Tribunal (ITAT), Chennai Bench has held that service tax is not payable until consideration was received.
Tags : ITAT, Service Tax, Consideration
ITAT: Income Tax Notice sent to Dead Person is Invalid(15.06.2022)
Income Tax Appellate Tribunal (ITAT), Delhi Bench has quashed the re-assessment order passed by assessment officer on the ground that Income Tax Notic.....
Tags : ITAT, Income-Tax Notice, Dead person
ITAT: Income Tax Liability Won’t Arise for Unsecured Loan Transactions Done by Group Entities(16.06.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that income tax liability won’t arise for unsecured loan transactions done by group entiti.....
Tags : ITAT, Income-Tax Liability, Unsecured Loan
ITAT: Form 67 shall be Filed on or Before Income Tax Return Due Date(16.06.2022)
Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench has held that in order to avail the deduction of foreign tax credit, it is mandatory to file.....
Tags : ITAT, Foreign Tax Credit, Form 67
Rajasthan HC: Citizenship Can’t be Determined Based on Definition of ‘Resident’ Under IT Act(16.06.2022)
Rajasthan High Court has held that the definition of the term ‘resident’ under the Income Tax (IT) Act, 1961 is designed for including persons in the .....
Tags : Rajasthan High Court, Citizenship, Income-Tax Act
CBDT Issues Revised Instruction for Constitution And Functioning of Local Committees(20.06.2022)
Central Board of Direct Taxes (CBDT) has issued revised Instruction for constitution and functioning of Local Committees to deal with taxpayers’ griev.....
Tags : Central Board of Direct Taxes, Local Committees, Grievances
ITAT: Revisional Jurisdiction Can be Invoked for Lack of Enquiry by Assessing Officer(06.06.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that lack of enquiry by the assessing officer invokes the jurisdiction of Principle Commis.....
Tags : ITAT, Assessing Officer, Income-Tax Act
ITAT: Section 147 of IT Act is not an Alternative to Section 263 of IT Act(06.06.2022)
Income Tax Appellate Tribunal (ITAT), Delhi bench while quashing Assessment Order under Section 147 of Income-Tax Act, 1961 without Jurisdiction has h.....
Tags : ITAT, Income-Tax Act, 1961, Alternative
ITAT: Payment Made by Mobile Service Provider for Roaming Can’t be Considered as Technical Service(06.06.2022)
Income Tax Appellate Tribunal (ITAT), New Delhi, has held that payment made by a one mobile service provider to another for roaming cannot be consider.....
Tags : ITAT, Income-Tax Act, 1961. Roaming, Technical Service
AAR: Support Services to Overseas Customers are Not Export Service(06.06.2022)
Tamil Nadu Authority for Advance Ruling (AAR) has held that support services to overseas customers are not export services since the taxable territory.....
Tags : AAR, Taxable Territory, Export Service
ITAT: Income Tax on Both Owner and GPA Holder on Same Income Amounts to Double Taxation(07.06.2022)
Income Tax Appellate Tribunal (ITAT), Visakhapatnam has held that levy of Income-tax on both landowner and GPA holder for the same income amounts to d.....
Tags : ITAT, Income-Tax Act, Double Taxation
ITAT: Belated Payment to PF/ESI Before Due Date for Filing Return is Deductable U/S 43B of IT Act(07.06.2022)
Income Tax Appellate Tribunal (ITAT), Allahabad has held that the belated payment of employee contribution to Provident Fund (PF)/Employees State Insu.....
Tags : ITAT, Income-Tax Act, PF/ESI
Rajya Sabha Returns Lok Sabha the Taxation Laws (Amendment) Bill 2021 to Nullify Effect of Amendment(10.08.2021)
Rajya Sabha has returned to Lok Sabha the Taxation Laws (Amendment) Bill 2021 in the Lok Sabha which seeks to nullify the effect of the amendment brou.....
Tags : Rajya Sabha, Lok Sabha the Taxation Laws (Amendment) Bill 2021
CBDT Notifies Determination of Income of Specified Fund of Units Held by Non-Residents(11.08.2021)
Central Board of Direct Taxes (CBDT) has inserted Rule 21AJ under Income-tax Rules, 1962 which provides for the determination of income of a specified.....
Tags : Central Board of Direct Taxes, Determination of Income of Specified Fund of Units Held by Non-Residents
SC: 'Clarificatory' Provision in Tax Laws Cannot Impose a New Condition Retrospectively(12.08.2021)
Supreme Court has observed while holding that Explanation 3C to Section 43B (d) of the Income Tax Act, 1961 is 'clarificatory' and does not add a new .....
Tags : Supreme Court, 'Clarificatory' Provision in Tax Laws
ITAT, Bangalore: Consideration for Sale of Software Not to be Treated as Royalty(13.08.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that consideration for the sale of software cannot be treated like royalty.
Tags : Income Tax Appellate Tribunal, Consideration for Sale of Software
ITAT: Proprietary Concern Not Required to Obtain Separate PAN(07.07.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that proprietary concern is not required to obtain a separate Permanent Account Number .....
Tags : ITAT, Permanent Account Number, Income-Tax Act
ITAT: Income Tax Officials Bound to Follow CBDT Circular(08.07.2022)
ITAT: Income Tax Officials Bound to Follow CBDT Circular
Income Tax Appellate Tribunal (ITAT), Cochin Bench has held that the circulars issued by the.....
Tags : ITAT, Income Tax Officials, CBDT Circulars
ITAT: Currency Derivative Can be Treated As An Eligible Transaction U/S 43(5)(30.05.2022)
Income Tax Appellate Tribunal, Delhi has observed that currency derivatives can be treated as eligible transactions under Section 43(5) of the Income .....
Tags : Income Tax Appellate Tribunal, transactions
ITAT: Amendment on Sec.36(1)(va) Has Prospective Effect(30.05.2022)
Income Tax Appellate Tribunal, Raipur while quashing the order confirming disallowances of Rs. 18,12,622/- out of employment contribution towards EPF/.....
Tags : Income Tax Appellate Tribunal, amendment, prospective
CGST: Refund of Duty Deposit Paid on or After Amendment of 2014 Can Invoke Section 35FF(30.05.2022)
Central Goods and Services Tax Authority, Panipat observed that refund of duty deposit paid on or after the amendment of 2014 can invoke Section 35FF .....
Tags : Central Goods and Services Tax, amendment, Section 35FF
ITAT: Onus To Prove Identity, Creditworthiness Etc of Transaction Lies on Assessee(30.05.2022)
Income Tax Appellate Tribunal, Pune has observed that the onus to prove identity, creditworthiness, and genuineness of a transaction lies with the ass.....
Tags : Income Tax Appellate Tribunal, assessee
ITAT: Interest-bearing Unsecured Loans Are Allowable As Income Tax Deduction U/S 57(iii)(31.05.2022)
Income Tax Appellate Tribunal, Raipur observed that interest-bearing unsecured loans are allowable as deduction under Section 57(iii) of Income Tax Ac.....
Tags : Income Tax Appellate Tribunal, unsecured loans, deduction
ITAT: Expenditure on Maintenance, Back-Up, and Support Services is Revenue in Nature(31.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has observed that expenditure on maintenance, backup, and support services to existing hardware and software .....
Tags : Income Tax Appellate Tribunal, maintenance, backup, hardware, software
ITAT: Expenditure On Maintenance, Back-Up, and Support Services is Revenue in Nature(31.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has observed that expenditure on maintenance, backup, and support services to existing hardware and software .....
Tags : Income Tax Appellate Tribunal, maintenance, backup, hardware, software
Finance Ministry Extends Due Date for Filing of Income Tax Returns (ITRs) for FY 2020-2021(10.09.2021)
Central Board of Direct Taxes (CBDT) has extended the due date of filing of income-tax returns and various reports of audit for the Assessment Year 20.....
Tags : Central Board of Direct Taxes, Filing of Income Tax Returns
ITAT Delhi Upholds CIT (A) Order Disallowing Expenses in Relief to Tulip Star Hotel(13.09.2021)
Income Tax Appellate Tribunal (ITAT), Delhi, in a major relief to Tulip Star Hotel, has upheld an order of the Commissioner of Income Tax (Appeals) w.....
Tags : Income Tax Appellate Tribunal, Tulip Star Hotel
ITAT, Delhi: TDS Required to be Deductible on Commission to Overseas Agents(15.09.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Tax Deducted at Source (TDS) is required to be deductible on the amount of commission pa.....
Tags : Income Tax Appellate Tribunal, Commission to Overseas Agents
CESTAT: Blending, Bottling, and Packaging of IMFL not subject to Service Tax(08.08.2022)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench has held that blending, bottling, and packaging of Indian-made foreign liq.....
Tags : CESTAT, Indian-Made Foreign Liquor, Service Tax
SC: Service Tax Cannot be Levied on Sale of Software in CD Form as VAT is Already Charged(09.08.2022)
Supreme Court has held that the sale of software in CD/DVD form cannot be subject to service tax under the provisions of the Finance Act, 1994 as the .....
Tags : Supreme Court, Service Tax, VAT
ITAT: Employee Welfare Expenses Cannot be Included in Fringe Benefits Tax(09.08.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that the Employee Welfare expenses cannot be included in the value of Fringe Benefits T.....
Tags : ITAT, Welfare Expenses, Fringe Benefits Tax
Delhi HC: Amendment to Section 36(1)(va) of Income Tax Act is Prospective in Nature(10.08.2022)
Delhi High Court has held that amendment to Section 36(1)(va) of Income-Tax Act, 1961, vide the Finance Act, 2021, is 'for removal of doubts' and henc.....
Tags : Delhi High Court, Income-Tax Act, Prospective
Delhi High Court Quashes Reassessment Order Issued Without Considering Reply Filed by Assessee(07.06.2022)
Delhi High Court has quashed the reassessment order issued by the department under Section 148A(d) of the Income Tax Act, without considering the repl.....
Tags : Delhi High Court, Income Tax Act, 1961, Reassessment
ITAT: Profits from Providing Technical Services to Other Airlines is Covered Under DTAA(08.06.2022)
Income Tax Appellate Tribunal (ITAT), Delhi while upholding the decision of Commissioner of Income-tax (Appeals) has held that profits from providing .....
Tags : ITAT, Double Taxation Avoidance Agreement, Technical Services
ITAT Disallows IT Deduction U/S 80IA as Income From Eligible Unit Not Shown in Gross Total Income(08.06.2022)
Income Tax Appellate Tribunal (ITAT), Cuttack bench has disallowed deduction under Section 80IA of Income-Tax Act, 1961 since income from eligible uni.....
Tags : ITAT, Income-Tax Act, Deduction
ITAT: TDS Not Applicable to Commission to Credit Card Company Under Section 194H of IT Act(09.06.2022)
Income Tax Appellate Tribunal (ITAT), Delhi bench has held that TDS under Section 194H of the Income-Tax (IT) Act, 1961 is not applicable to the amoun.....
Tags : ITAT, Income-Tax Act, Credit Card
CESTAT: Penalty Collected From Contractor Not Subject to Service Tax(10.06.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that the penalty collected from a contractor, being ‘liquidated dama.....
Tags : CESTAT, Service Tax
ITAT: Provision Mandating Furnishing of PAN With E-TDS has Overriding Effect(10.06.2022)
Income Tax Appellate Tribunal (ITAT), Visakhapatnam bench has held that the provision mandating furnishing of PAN with E-TDS has an overriding effect .....
Tags : ITAT, Income-Tax Act, PAN
ITAT: No Late Fee U/S 234E of IT Act Can be Levied for Default Committed After 2015 Amendment(10.06.2022)
Income Tax Appellate Tribunal (ITAT), Pune bench has held that late fees u/s 234E can’t be levied for the default committed after the insertion of Sec.....
Tags : ITAT, Income-Tax Act, Finance Act
ITAT, Mumbai Quashes Demand of 6% of Value of Exempted Service as Job Work(20.10.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has quashed the demand of 6% of value of exempted service as job work is incidental and ancillary to manu.....
Tags : Income Tax Appellate Tribunal, Exempted Service
Kerala High Court: Technical Glitches Not to Hinder Grant of Tax Refunds(21.10.2021)
Kerala High Court has ruled that technical glitches should not stand in the way of ultimate grant of relief by way of refund to taxpayers. The Court h.....
Tags : Kerala High Court, Grant of Tax Refunds
ITAT, Kolkata Deletes Addition as Interest on Loan After Deduction of TDS(22.10.2021)
Income Tax Appellate Tribunal (ITAT), Kolkata has deleted the addition as interest on Loan duly paid by the assessee after deducting Tax Deducted at S.....
Tags : Income Tax Appellate Tribunal, Interest on Loan After Deduction of TDS
Telangana HC Holds Telangana Value Added Tax (Second Amendment) Act, 2017 to be Unconstitutional(15.07.2022)
Telangana High Court has held that the Telangana Value Added Tax (Second Amendment) Act, 2017 is unconstitutional.
Tags : Telangana High Court, Value Added Tax, Unconstitutional
ITAT: Change in Method of Treating Income Can Lead to Double Taxation(18.07.2022)
Income Tax Appellate Tribunal (ITAT), Rajkot Bench has held that a change in the method of treating income would lead to double taxation if the sales .....
Tags : ITAT, Double Taxation, Sales Consideration
ITAT: Cash Seized During Search Cannot be Adjusted Against Self Assessed Tax Liability(19.07.2022)
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that the cash seized during search cannot be adjusted against the self-assessed existin.....
Tags : ITAT, Cash Seized, Self Assessed Tax
Kerala High Court Introduces Paperless Courts for Bail & Tax Matters from 1st August(22.07.2022)
Kerala High Court, as a part of the first phase in the implementation of paperless courts, has decided to introduce paperless courts in Bail Jurisdict.....
Tags : Kerala High Court, Paperless Courts, Bail, Tax
ITAT: BCCI Can't Be Denied Income Tax Exemption Just Because IPL Makes Profits(15.11.2021)
Income Tax Appellate Tribunal has held that the Board of Control for Cricket in India (BCCI) is entitled to registration under Section 12A of the Inco.....
Tags : Income Tax Appellate Tribunal, Board of Control for Cricket in India
Delhi HC: No Income Tax on Interest Income from FD Till Ownership Determined by Arbitral Tribunal(13.10.2022)
Delhi High Court has held that income tax cannot be levied on the interest income from fixed deposits (FD) till the ownership is determined by the arb.....
Tags : Delhi High Court, Income-Tax, Fixed Deposits
CESTAT Allows Cenvat Credit To Satyam Computer for Service Tax Paid on Medical Insurance Premium(14.10.2022)
Customs, Excise and Service Tax Appellate Tribunal, Hyderabad has granted a cenvat credit to Satyam Computer for service tax paid on insurance premium.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cenvat credit, service tax, insurance premiums
AAR, Gujarat: Combined Wire Rope Not Integral Part of Fishing Vessel; Attracts 18% GST(14.10.2022)
Authority of Advance Ruling, Gujarat has observed that combined wire rope is not a part of a fishing vessel but it is used to tie the fishing net with.....
Tags : Authority of Advance Ruling, Goods and Services Tax, fishing net
CESTAT: Activity Of Printing Advertisement Content On PVC Material Amount to "Manufacturing"(14.10.2022)
Customs, Excise and Service Tax Appellate Tribunal, Hyderabad has ruled that no service tax is payable on the activity of printing advertisement conte.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, service tax, advertisement
ITAT, Jaipur: Equalisation Levy Not Applicable Where Target Audience Are Outside India(14.10.2022)
Income Tax Appellate Tribunal, Jaipur has observed that an equalisation levy is not payable on advertising payments where advertisers or the target au.....
Tags : Income Tax Appellate Tribunal, equalisation levy, advertisers
Madras HC Directs Release of Vehicle as Department Fails to Pass Detention Order(14.10.2022)
Madras High Court has ordered the release of the vehicle as the department has failed to pass the detention order within the period as provided under .....
Tags : Madras High Court, detention, Tamil Nadu Goods and Services Tax Act
CBDT Notifies Constitution of Boards for Advance Rulings and Headquarters(03.09.2021)
Central Board of Direct Taxes (CBDT) has notified the constitution of the Boards for Advance Rulings and its Headquarters. The government empowered un.....
Tags : Central Board of Direct Taxes, Boards for Advance Rulings and Headquarters
ITAT, Bangalore Grants Partial Relief to Google Ireland Where Tribunal Expedited Hearing(06.09.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has granted partial relief to Google Ireland where the Tribunal expedited the hearing and posted the m.....
Tags : Income Tax Appellate Tribunal, Partial Relief to Google Ireland
ITAT: Father Can’t be Taxed for Cash Deposit in Bank Account Opened in The Name of Major Son(25.07.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench while deleting an addition for cash deposit, has held that the clubbing of income under the provision.....
Tags : ITAT, Minor Children, Income-Tax, Bank Account
ITAT: Shipping Income Derived in India from International Traffic is Not Taxable in India(28.07.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that shipping income derived in India from international traffic is not taxable in India a.....
Tags : ITAT, Shipping Income, India-UAE Tax Treaty
SC: Provisions of Kerala Motor Vehicles Taxation Act, 1976 Not Repugnant With Central Act(29.07.2022)
Supreme Court has upheld the constitutional validity of Sections 4(7), 4(8) and 15 of Motor Vehicles Taxation Act, 1976 and Section 8A of the Kerala M.....
Tags : Supreme Court, Repugnant, Motor Vehicle Taxation Act
SC: Service Tax on Composite Work Contracts Not Leviable Prior to 2007 Amendment to Finance Act 1994(03.08.2022)
Supreme Court has held that service tax could not be levied on composite works contracts prior to the introduction of the Finance Act, 2007, which by .....
Tags : Supreme Court, Service Tax, Composite Work
ITAT, Chennai: Right Through Share Warrants is Valuable Right, Can be Treated as Capital Asset(24.01.2022)
Income Tax Appellate Tribunal (ITAT), Chennai, has held that a right acquired through share warrants is a valuable right, can be treated as a capital .....
Tags : Income Tax Appellate Tribunal, Right Through Share Warrants
ITAT, Mumbai: Interest on Delay in Payment of Advancements Charged Only on Returned Income(27.01.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest on delay in payment of advancements shall be charged only on the returned inco.....
Tags : Income Tax Appellate Tribunal, Interest on Delay in Payment of Advancements
ITAT, Mumbai: Transponder Charges Not in Nature of Royalty Income(27.01.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the transponder charges are not in the nature of royalty income as per the provisions of th.....
Tags : Income Tax Appellate Tribunal, Transponder Charges
Telangana HC: Scrutiny By IT Department Barred For The Period Covered By The Resolution Plan(28.01.2022)
Telangana High Court has observed that for the period covered by the Resolution Plan, Income Tax Department cannot carry out any scrutiny or assessmen.....
Tags : Income Tax Act, Insolvency and Bankruptcy Code, Corporate Debtor, Financial Creditor
SC: WP Can be Allowed to Examine if Conditions to Issue Notice U/S 148 IT Act Are Satisfied(09.01.2023)
Supreme Court has held that writ petitions can been entertained to examine whether the conditions for the issuance of notice under Section 148 of the .....
Tags : Supreme Court, Writ Petitions, Income-Tax, Notice
Ker. HC: Sale Under SARFAESI Won’t Extinguish Prior Existing Charge for Dues Under State Tax Laws(10.01.2023)
Kerala High Court has held that statutory charge created under Kerala General Sales Tax Act, and Kerala VAT Act, prior to any mortgage made, against t.....
Tags : Kerala High Court, State Tax, VAT, SARFAESI
ITAT, Delhi: Petty Expenses Cannot be Disallowed on Ad-Hoc Basis in Corporate Entity(12.01.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the petty expenses relating to telephone expenses, advertisement expenses cannot be disallow.....
Tags : Income Tax Appellate Tribunal, Petty Expenses
Central Board of Direct Taxes Extends Due Date of Income Tax Audit Reports(12.01.2022)
Central Board of Direct Taxes (CBDT) has notified the extension of the timeline for filing Income Tax Returns and Various reports of audit for the AY .....
Tags : Central Board of Direct Taxes, Due Date of Income Tax Audit Reports
ITAT, Delhi: AO Cannot Undertake Fishing or Roving Inquiry Under Guise of Re-Assessment(12.01.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Assessing Officer under guise of power to re-open Assessment cannot undertake a fishing .....
Tags : Income Tax Appellate Tribunal, Fishing or Roving Inquiry
Kerala High Court Strikes Down Rules 9(4A) and 9(4C) of Municipality Rules on Property Tax Fixation(13.01.2022)
Kerala High Court has set aside Rules 9(4A) and 9(4C) of the Kerala Municipality (Property Tax, Service Tax and Surcharge) Rules, 2011 which prescribe.....
Tags : Kerala High Court, Rules on Property Tax Fixation
Gujarat HC Issues Notice on Plea Challenging Income Tax Provision Treating Defaulter at Par(14.01.2022)
Gujarat High Court has issued the notice to the government on a plea challenging Income Tax Provision treating defaulter as well as a genuine taxpayer.....
Tags : Gujarat High Court, Income Tax Provision Treating Defaulter at Par
Madras HC TN Government's Decision to Hike Property Tax(28.12.2022)
Madras High Court has upheld Tamil Nadu government's order to increase property tax in Coimbatore and Chennai but held that new tax slabs will be oper.....
Tags : Madras High Court, Property Tax, Hike
ITAT, Delhi Deletes Penalty Since Non-Deduction of Tax was Due to Non-Receipt of Invoices(23.03.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has deleted a penalty order under section 271C of the Income Tax Act, 1961 by holding that the non-deducti.....
Tags : Income Tax Appellate Tribunal, Non-Deduction of Tax
SC: State Legislatures Have Power to Tax Lotteries Organised by Other States(24.03.2022)
Supreme Court has held that State Legislatures have the power to tax lotteries organised by other states. The Court has said a lottery conducted by Go.....
Tags : Supreme Court, Power to Tax Lotteries
CESTAT: Deposits in Profit and Loss Account is Not Duty Under Excise Act(24.03.2022)
Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has ruled that deposit in Profit & Loss Account is not duty and therefore, provisions o.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Deposits in Profit and Loss Account
ITAT, Agra: No Late Fee for Failure to File TDS/TCS Returns Prior to 1st June(24.03.2022)
Income Tax Appellate Tribunal, Agra has held that the late fee shall not apply under section 234E of the Income Tax Act, 1961 for the failure to file .....
Tags : Income Tax Appellate Tribunal, Failure to File TDS/TCS Returns
ITAT: Customs House Agent Bound to Pay TDS on Payment to CFS Agents(25.03.2022)
Income Tax Appellate Tribunal (ITAT), Chennai has held that the Customs House Agent bound to pay TDS under section 194C of the Income Tax Act, 1961 on.....
Tags : Income Tax Appellate Tribunal, TDS on Payment to CFS Agents
CESTAT: No Service Tax on Services of Advertisements in Print Media(06.03.2023)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that service tax is not applicable to the service of advertisement i.....
Tags : CESTAT, Service Tax, Print Media, Advertisement
Delhi HC: Can’t Deny Applications for ITC Refund on Mere Suspicion(13.03.2023)
Delhi High Court while directing Department to initiate a refund of Input Tax Credit (ITC) has held that applications for refund of ITC cannot be reje.....
Tags : Delhi High Court, Input Tax Credit, Refund
ITAT, Delhi: House Rent Allowance Exemption Allowable on Rent Paid to Spouse(04.03.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has held that Income Tax Act, 1961 does not prohibit claiming house rent allowance (HRA) exemption on the .....
Tags : Income Tax Appellate Tribunal, House Rent Allowance
CBIC Reduces Compliances for Import of Goods at Concessional Rate of Customs Duty(04.03.2022)
Central Board of Indirect Taxes and Customs (CBIC) has notified the reduction in compliances and end-to-end automation of procedure relating to import.....
Tags : Central Board of Indirect Taxes and Customs, Reduction of Compliances, Import of Goods at Concessional Rate
ITAT, Delhi: Income Tax Notice, Revisionary Proceedings Against Dead Person is Void(07.03.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the notice issued against a dead person is null and void and all consequent proceedings or o.....
Tags : Income Tax Appellate Tribunal, Revisionary Proceedings Against Dead Person
ITAT, Mumbai: Sale of Transferable Development Rights Does Not Attract Capital Gains Tax(07.03.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that sale of transferable development rights does not attract capital gains tax since the cost of acqu.....
Tags : Income Tax Appellate Tribunal, Sale of Transferable Development Rights
All HC: Reassessment Proceedings for AY 2013-14, 2014-15 Initiated After 1 April 2021 Must be Closed(27.02.2023)
Allahabad High Court while observing that Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 has held that time limit .....
Tags : Allahabad High Court, Reassessment Proceedings, Income-Tax
CBDT: IBBI Eligible for IT Exemption on Grant in Aid, Fine, Fee, Interest Income(03.03.2023)
Central Board of Direct Taxes (CBDT) has notified that the Insolvency and Bankruptcy Board of India (IBBI) shall be eligible for the income tax exempt.....
Tags : CBDT, IBBI, Income-Tax Exemption
ITAT, Mumbai: Circular Due to Difficulties in E-filing Software Can’t be Relied(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that the private discretionary trust shall be treated as AoP and has rejected the plea of the assessee.....
Tags : Income Tax Appellate Tribunal, AoP, CBDT, software, private discretionary trust
Delhi HC: Exemption Cannot be Denied to Charitable Entity for Advertising Scholarship(12.04.2022)
Delhi High Court has observed that the exemption under the provisions of the Income Tax Act, 1961 can’t be denied to a charitable entity merely becaus.....
Tags : Delhi High Court, exemption, Income Tax Act, 1961, scholarship
Delhi HC Dismisses Tax Appeals Against Moser Baer in View of Liquidation Proceedings(12.04.2022)
Delhi High Court has dismissed the appeals against Moser Baer, filed by the income tax department in the light of the liquidation proceedings pending .....
Tags : Delhi High Court, Moser Baer, Liquidation Proceedings, income tax department, National Company Law Tribunal
Delhi HC: Sufficiency or Correctness of Material Need not be Considered During Issue of Notice(12.04.2022)
Delhi High Court has observed that the sufficiency or correctness of the material is not a thing to be considered at the stage of issue of notice unde.....
Tags : Delhi High Court, Section 148 of the Income Tax Act, 1961
Delhi HC: Scholarship by Hamdard Foundation Eligible for Exemption Under Income Tax Act(12.04.2022)
Delhi High Court has upheld the factual findings that the merit-cum scholarship/financial assistance provided by Hamdard National Foundation was not c.....
Tags : Delhi High Court, factual findings, merit-cum scholarship, financial assistance, Hamdard National Foundation, Section 11 of Income Tax Act, 1961
AAAR, Maharashtra: No GST Payable on Sewage Treatment Plant(12.04.2022)
Appellate Authority of Advance Ruling, Maharashtra has observed that sewage treatment plants are exempted from the Goods and Service tax.
Tags : Appellate Authority of Advance Ruling, sewage treatment plants, goods and service tax
CBDT Exempts TDS on Lease Rentals Paid to Air Craft Leasing Units Located in IFSC(20.06.2022)
Central Board of Direct Taxes (CBDT) has provided relaxation from TDS under section 194I of the Income Tax Act, 1961 in respect of lease rentals paid .....
Tags : Central Board of Direct Taxes, TDS, International Financial Services Center
CBDT Notifies New Rule Imposing ‘Other Conditions’ to Invoke IT Exemption U/S 10(4D) of IT Act(20.06.2022)
Central Board of Direct Taxes (CBDT) has notified a new Rule 21AIA prescribing the “other conditions” required to be fulfilled by a specified fund ref.....
Tags : Central Board of Direct Taxes, Other Conditions, IT Exemption
ITAT: Payment of Consultation Fee After IT Dept.’s Order Cannot be Treated as Prior Period Expenses(20.06.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that payment of Tax Consultation Fee after passing of Order by Income Tax Department canno.....
Tags : ITAT, Tax Consultation Fees, Prior Period Expenses
ITAT: Short Term Capital cannot be carried forward as it has not been claimed through a Return filed(21.06.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that short term capital cannot be carried forward as it has not been claimed through a ret.....
Tags : ITAT, Short Term Capital, Income-Tax Act
West Bengal Assembly Passes Taxation Tribunal (Amendment) Bill, 2022(22.06.2022)
West Bengal Assembly has passed the West Bengal Taxation Tribunal (Amendment) Bill, 2022 which seeks to replace the Governor with the State Government.....
Tags : West Bengal, Taxation Tribunal (Amendment) Bill, 2022, Governor
CBDT Opens Income Tax Portal for Income Tax Return Filing for The Year 2022-23(23.06.2022)
Central Board of Direct Taxes (CBDT) has enabled the function of filing of the income tax return for the year 2022-23.
Tags : CBDT, Income-Tax Return, 2022-23
ITAT: Hire Charges Received by Owner Under ‘Time Charter Agreement’ Not Taxable As Royalty(23.01.2023)
Income Tax Appellate Tribunal, Mumbai has ruled that hire charges received by the owner of a ship for chartering its vessel under a ‘Time Charter Agre.....
Tags : Income Tax Appellate Tribunal, Time Charter Agreement, taxable
AAR, Telangana: 18% GST Payable On The Forest Permit Fee(23.01.2023)
Authority for Advance Ruling (AAR), Telangana has observed that 18% Goods and Services Tax (GST) is payable on the forest permit fee.
Tags : Authority for Advance Ruling, Goods and Services Tax, forest
All. HC Stays Rs.1,081 Crores GST Demand Against Paytm(23.01.2023)
Allahabad High Court has stayed the Goods and Service Tax (GST) demand of Rs. 1,081 crores against Paytm.
Tags : Allahabad High Court, Goods and Service Tax, Paytm
ITAT: Interest Income Earned By Co-Operative Society Eligible For Deduction(23.01.2023)
Income Tax Appellate Tribunal, Mumbai has observed that the interest income earned by a co-operative society on its investments held with co-operative.....
Tags : Income Tax Appellate Tribunal, interest, deduction
CESTAT: No Case Made Out By Customs For Confiscation Of Goods Meant For Export(23.01.2023)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has observed that a “No Objection Certificate” (NOC) is not required from the Drug .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, No Objection Certificate, Drug Controller, export
Bombay HC: Reassessment Notice after 4 Years should have the Sanction Of PCIT(23.01.2023)
Bombay High Court has ruled that issuing a reassessment notice after four years is subject to the approval of the Principal Chief Commissioner of Inco.....
Tags : Bombay High Court, reassessment notice, Principal Chief Commissioner of Income-tax
CESTAT: Payments Made Through Cenvat Account Liable To Be Re-Credited If Excise Duty Paid In Cash(23.01.2023)
Customs, Excise, and Service Tax Appellate Tribunal has ruled that once the duty has been paid in cash, earlier payments made through the Cenvat Accou.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Cenvat Account
ITAT: Cess Received By Trust From Milk Societies, Not Voluntary; Can't Be Corpus Donation(17.10.2022)
Income Tax Appellate Tribunal, Ahmedabad has held that the Cess received by a trust from the milk supplying societies, against the sales made by them .....
Tags : Income Tax Appellate Tribunal, Cess, Corpus Donation
Madras HC: GST Dept. To Consider Reply to SCN Sent by Assessee through post and Not Portal(17.10.2022)
Madras High Court has ruled that the Goods and Services Tax (GST) Department should consider a reply to a show cause notice even if it is sent by the .....
Tags : Madras High Court, Goods and Services Tax, assessee
ITAT: IT Exemption To Defence Personnel Invalidated From Service Due To Disability(18.10.2022)
Income Tax Appellate Tribunal, Delhi has observed that income tax (IT) exemption should be available to Defence Forces personnel who have been invalid.....
Tags : Income Tax Appellate Tribunal, exemption, Defence
SCN Without Any Reasons: Delhi HC Quashes Order Cancelling GST Registration(19.10.2022)
Delhi High Court has quashed the order cancelling the Goods & Services Tax (GST) registration as the Range Inspector has physically verified the premi.....
Tags : Delhi High Court, Goods & Services Tax, Inspector, verification
Delhi HC: TDS on NRI Payments Has No Application U/S 195 of Income Tax Act(19.10.2022)
Delhi High Court has observed that the provision of Tax Deducted at Source on NRI payments under Section 195 of the Income Tax Act, 1961 (IT) has no a.....
Tags : Delhi High Court, NRI, Tax Deducted at Source
ITAT: Payment Made By Assessee To Non-Resident Supplier Amount To "Royalty"; Liable To Deduct TDS(19.10.2022)
Income Tax Appellate Tribunal, Ahmedabad has observed that the payment made by the assessee to the non-resident supplier would amount to royalty and t.....
Tags : Income Tax Appellate Tribunal, assessee, deduct tax at source
AAR, West Bengal: Services for Collection and Disposal of Bio Medical Waste Iis Exempt From GST(12.04.2022)
Authority for Advance Ruling, West Bengal has held that services provided for collection and disposal of bio-medical waste to the State Government is .....
Tags : Authority for Advance Ruling, services, bio-medical waste, State Government, Goods and Services Tax
AAR, West Bengal: Services for Collection and Disposal of Bio Medical Waste Iis Exempt From GST(12.04.2022)
Authority for Advance Ruling, West Bengal has held that services provided for collection and disposal of bio-medical waste to the State Government is .....
Tags : Authority for Advance Ruling, services, bio-medical waste, State Government, Goods and Services Tax
CESTAT, Bangalore: Service Not Made Available Physically, Can’t be Chargeable to Service Tax(12.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Bangalore has observed that recipient of the service has not physically made available to the servic.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, recipient, service provider, export, service tax
ITAT, Delhi Deletes Penalty Against Lahmeyer Holding GambH(12.04.2022)
Income Tax Appellate Tribunal , Delhi has granted relief to Lahmeyer holding that the penalty cannot be levied based on fact that the assessee under s.....
Tags : Income Tax Appellate Tribunal, Lahmeyer Holding GambH, section 44BBB of the Income Tax Act, 1961, permanent establishment, bonafide
Bombay HC: Tax Invoices Having Reference to Arbitration, Does not Constitute Arbitration Agreement(13.04.2022)
Bombay High Court has held that acceptance of tax invoices by the opposite party, comprising a reference to arbitration, doesn’t lead to the presumpti.....
Tags : Bombay High Court, tax invoices, arbitration, arbitration agreement
AAAR, Maharashtra: No GST & TDS on Renting of Immovable Property to Social Justice Department(13.04.2022)
Appellate Authority of Advance Ruling, Maharashtra has observed that the renting of immovable property to the social justice department is exempt from.....
Tags : Appellate Authority of Advance Ruling, immovable property, social justice, Goods and Services Tax, Tax Deducted at Source
CESTAT: Charges Of Clandestine Removal Cannot Be Confirmed On The Basis Of Private Records(19.10.2022)
Ahmedabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that charges of clandestine removal cannot be confirmed on the.....
Tags : clandestine, corroborative, Customs, Excise and Service Tax Appellate Tribunal
CESTAT: Service Tax Demand Can't Be Sustained On Ocean Freight Under RCM(21.10.2022)
Customs, Excise and Service Tax Appellate Tribunal, Delhi has observed that the service tax demand is not sustainable as the appellant has purchased f.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, service tax, freight
Ori. HC: Appellate Authority to Consider Predicaments by Taxpayers On Introduction Of GST Procedures(21.10.2022)
Orissa High Court has ruled that the Appellate Authority should have borne in mind the predicament faced by taxpayers on the introduction of a new set.....
Tags : Orissa High Court, Appellate Authority, taxpayers
AAR: Operation And Maintenance Of Municipal Wet Waste Processing Facility Attracts 18% GST(21.10.2022)
Authority of Advance Ruling, West Bengal has observed that the 18% Goods and Services Tax (GST) is payable on the operation and maintenance of municip.....
Tags : Authority of Advance Ruling, Goods and Services Tax, maintenance
ITAT: Vodafone Idea Not Liable To Deduct TDS On Discount Allowed On Purchase Of Prepaid SIM Cards(21.10.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that Vodafone Idea is not liable to Deduct Tax at Source (TDS) on the discount allowed to the distribu.....
Tags : Income Tax Appellate Tribunal, SIM, Deduct Tax at Source
AAR: 5% GST Payable On GTA Services Availed For Transporting Cotton Seed(21.10.2022)
Authority of Advance Ruling, Punjab has held that the 5% GST is chargeable on goods transport agency services availed by the applicant for transportin.....
Tags : Authority of Advance Ruling, input tax credit, goods and services
ITAT Deletes Addition u/s 68 of IT Act, Says Firm not Taxable for Capital introduced by Partner(09.05.2022)
Income Tax Appellate Tribunal, Chennai has observed that the Firm cannot be made taxable for the capital introduced by the Partner as section 68 of th.....
Tags : Income Tax Appellate Tribunal, section 68, Income Tax Act, 1961
CESTAT Allows to Pay Service Tax for Construction of Residential Complex(10.05.2022)
Customs, Excise & Service Tax Appellate, Bangalore has allowed to Pay Service Tax under Composition scheme of Works Contract (Composition Scheme for P.....
Tags : Customs, Excise & Service Tax Appellate, Service Tax, Composition scheme of Works Contract (Composition Scheme for Payment of Service Tax) Rules, Residential Complex
ITAT, Ahmedabad: Delay Due to Liquidation Proceedings Constitute Reasonable Cause(10.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that if dominion ownership of car rest with the assessee, the assessee is eligible for depreciation.....
Tags : Income Tax Appellate Tribunal, depreciation, assessee
CESTAT: Foreign Origin Gold Bar With Unexplained Source Liable for Absolute Confiscation(10.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Chennai while remanding the matter back, has held that the gold bar with a foreign marking, the so.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, gold bar, prohibited good
ITAT, Ahmedabad: Third Party Shareholders Renouncing Rights Shares is Liable to Tax U/S 56(2)(10.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that third party shareholders renouncing rights shares in favour of the assesse are liable to tax u.....
Tags : Income Tax Appellate Tribunal, assesse, Section 56(2), Income Tax, 1961
ITAT, Delhi: Re-Assessment Based on Incorrect and Irrelevant Facts is Invalid(10.05.2022)
Income Tax Appellate Tribunal, Delhi has held that the re-assessment under section 148 of the Income Tax Act, 1961 invoked on the basis of incorrect a.....
Tags : Income Tax Appellate Tribunal, Income Tax Act, 1961, section 148
CESTAT, Hyderabad: Liquidated Damages Does Not Attract Service Tax(10.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Hyderabad has held that receipt of liquidated damages by the service provider for breach of condit.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, liquidated damages, Service Tax
CESTAT, Delhi: CHA Has No Reason to Doubt Any Malpractice of Export of Prohibited Goods(10.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Delhi has ruled that the Custom House Agent had no reason to doubt any malpractice and attempted e.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Custom House Agent, malpractice, prohibited goods, abetment
Delhi HC: Enhancement of Compounding Charges on Subsequent Offences is Valid(10.05.2022)
Delhi High Court has upheld an order of the income tax department imposing enhanced compounding charges on subsequent applications for compounding of .....
Tags : Delhi High Court, income tax department, Tax Deducted at Source
ITAT: If TDS Statement filed on Time Contains Technical Errors, No Late Fee Can be Charged(11.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has held that a late fee under section 234E of the Income Tax Act of 1961 cannot be imposed if a statement is.....
Tags : Income Tax Appellate Tribunal, section 234E, Income Tax Act
Kerala HC: Once KVAT Registration is Cancelled, it Must be Published in Two Major Daily Newspapers(11.05.2022)
Kerala High Court has ruled that whenever a Kerala Value Added Tax registration is cancelled, it must be published in at least two major daily newspap.....
Tags : Kerala High Court, Form No.5 B, Kerala Value Added Tax, daily newspapers
CESTAT, Mumbai Allows Refund of CENVAT Credits on Service Tax Paid on Import of Services(11.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Mumbai has allowed the refund of CENVAT credits against payment of Service Tax paid during the Goo.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, CENVAT credits, Service Tax, Goods and Service Tax, Reverse Charge Mechanism
CESTAT, Kolkata: Manufacturer is Eligible to Avail Cenvat Credit on Sales(13.04.2022)
Customs, Excise, and Service Tax Appellate Tribunal, Kolkata has observed that since the sale and manufacture are inter connected, the cenvat credit i.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, cenvat credit, sales commission
CESTAT, Ahmedabad: Service Tax Cannot be Levied Based on Income Declared Under IDS(13.04.2022)
Customs, Excise, and Service Tax Appellate Tribunal, Ahmedabad has observed that service tax cannot be levied merely because the income declared under.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, service tax, Income Declaration Scheme, 2016
CESTAT, Ahmedabad: No Service Tax on Electricity Charges Reimbursed to Service Provider(13.04.2022)
Customs, Excise, and Service Tax Appellate Tribunal, Ahmedabad has observed that service tax cannot be levied on reimbursement of electricity charges .....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, service tax, electricity charges
CESTAT, Mumbai: Enhancement of Value Cannot be Ground to Invoke Penal Provisions/Confiscation(13.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has observed enhancement of value cannot be a ground on voluntary statement to invoke penal p.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, voluntary statement, penal provisions
CESTAT, Mumbai: Third Party Records Cannot Form Basis of Clandestine Removal(13.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has observed that records of the third party cannot form the basis of clandestine removal, un.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, clandestine removal, corroborated
Bombay HC: Re-Assessment at Behest of Audit Party Invalid(13.04.2022)
Bombay High Court has observed that the re-assessment under section 147 of the Income Tax Act, 1961 is bad in law since the same was at the request of.....
Tags : Bombay High Court, section 147 of the Income Tax Act, 1961, audit party
CESTAT, Ahmedabad: Allegation of Non-Re-Warehousing of Goods Prove by Substantial Evidence(14.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that allegation of non-re-warehousing of the goods prove by substantial evi.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, non-re-warehousing, substantial
ITAT, Mumbai: Computers, Including Computer Software, Are Eligible to 60% Depreciation(11.05.2022)
Income Tax Appellate Tribunal, Mumbai has observed that depreciation of 60 % can be allowed to ‘computers including computer software’ under Rule 5 of.....
Tags : Income Tax Appellate Tribunal, Income Tax Appellate Tribunal Rules, depreciation, computers
Universal Music India Rejoices as Bombay HC Upholds ITAT Order(11.05.2022)
Bombay High Court in a major relief to Universal Music India, has upheld an order of the Income Tax Appellate Tribunal (ITAT) quashing a revisional or.....
Tags : Bombay High Court, Universal Music India, Income Tax Appellate Tribunal, section 263
CESTAT Waives Detention and Demurrage Charges for Goods Confiscated by Customs(12.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Mumbai has ruled that a remission of detention and demurrage costs was appropriate because the goo.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, detention, Customs Department, seizure
ITAT, Chennai: Subscription Money Received in Advance by DTH Operators is Taxable(12.05.2022)
Income Tax Appellate Tribunal, Chennai has declared that subscription money received by direct-to-home (DTH) providers in advance is not taxable. The .....
Tags : Income Tax Appellate Tribunal, direct-to-home, subscription money
ITAT: Amendments to Income Tax Deduction for Contributions to ESI and PF Are Not Retrospective(12.05.2022)
Income Tax Appellate Tribunal, Jaipur has ruled that amended provisions relating to income tax deduction for ESI and PF contributions would be effecti.....
Tags : Income Tax Appellate Tribunal, 2021-22, retrospective, assessment year
Allahabad HC quashes Re-Assessment Order; Says Notice Issued Without Jurisdiction is Invalid(12.05.2022)
Allahabad High Court has held that once the notice under Section 148 of the Income Tax Act, 1961, issued by the assessing authority was declared witho.....
Tags : Allahabad High Court, Section 148, Income Tax Act, 1961, jurisdiction
CESTAT: Extended Period of Limitation Can be Invoked Only on Willful Suppression to Evade ST(27.06.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad Bench has held that an extended period of limitation can be invoked only on wil.....
Tags : CESTAT, Extended Period of Limitation, Service Tax
Rajasthan HC: Police to Charge Married Couple for Police Protection if it Has Adequate Income(27.06.2022)
Rajasthan High Court has held that if the petitioner's income is more than taxable income under the Income Tax Act, Superintendent of Police after con.....
Tags : Rajasthan High Court, Taxable Income, Financial Charge
CBDT Notifies Special Courts for Trial of Offences Under Income Tax Act 1961(29.06.2022)
Central Board of Direct Taxes (CBDT) has notified Special Courts for Trial of Offences under the Income Tax Act, 1961 in Dehradun.
Tags : Central Board of Direct Taxes, Special Court, Income-Tax Act
ITAT: Multiple Flats on Different Floors Cannot be Treated as Single Residential House(29.06.2022)
Income Tax Appellate Tribunal (ITAT), Cuttack Bench has held that the multiple flats in different floors of the same building cannot be treated as a s.....
Tags : ITAT, Capital Gain Exemption, Income-Tax Act
ITAT: Not All Appellate Orders are Erroneous(30.06.2022)
Income Tax Appellate Tribunal (ITAT), Cuttack bench has advised the income tax department to be careful in filing the appeals against the orders of th.....
Tags : ITAT, Income Tax Department, Erroneous
ITAT: 3rd Party Statement alone not Incriminating Material for justifying Addition in Assessment(30.06.2022)
Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that third party statement alone, not incriminating material for justifying addition made .....
Tags : ITAT, Incriminating Material, Income-Tax Act
Madras HC: Officers of DGGI are Central Excise Officers(04.07.2022)
Madras High Court has held that officers of Directorate General of GST Intelligence (DGGI) are Central Excise Officers for the purpose of Rule 3 of th.....
Tags : Madras High Court, DGGI, Service Tax Rules, Central Excise Officers
CESTAT, Bangalore: Refund Can’t be Rejected for Non-Submission of Invoices by Original Authority(29.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Bangalore has ruled that refund can’t be rejected for non-submission of invoices before original aut.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, invoices, refund
AAR, Gujarat: Apple And Malt Cola Fizzy Attracts 28% GST And 12% GST Compensation Cess(29.04.2022)
Authority of Advance Ruling, Gujarat has observed that 28% Goods and Services Tax and 12% GST Compensation Cess are due on Apple and Malt Cola Fizzy.
Tags : Authority of Advance Ruling, 28% Goods and Services Tax, 12% GST, Compensation Cess, Apple, Malt Cola Fizzy
ITAT, Delhi: Subscription Fee Towards Cloud Services Not Taxable as Royalty(29.04.2022)
Income Tax Appellate Tribunal, Delhi has held that the subscription fee received towards Cloud Services is not taxable as royalty.
Tags : Income Tax Appellate Tribunal, Cloud Services, subscription fee, royalty
ITAT, Bangalore: Income Tax Penalty Can’t be Imposed on Expenditure Due to Wrong Professional Advice(29.04.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that the income tax penalty under section 271(1) of the Income Tax Act, 1961 cannot be imposed for .....
Tags : Income Tax Appellate Tribunal, income tax, section 271(1), Income Tax Act, 1961, Chartered Accountant
ITAT, Bangalore: Subsidy Expenditure Does Not Attract TDS Provision(29.04.2022)
Income Tax Appellate Tribunal, Bangalore has ruled that subsidy expenditure not attracts Tax Deducted at Source provision and set asides the order dis.....
Tags : Income Tax Appellate Tribunal, Tax Deducted at Source, Section 40(a)(ia), Income Tax Act, 1961
ITAT, Chennai: Subscription Money received From Customers Shall be Treated as Deferred Income(29.04.2022)
Income Tax Appellate Tribunal, Chennai has ruled that the subscription monies received in advance by the Company shall be treated as deferred income a.....
Tags : Income Tax Appellate Tribunal, subscription monies, deferred income, methodology
ITAT, Delhi: Revisional Jurisdiction Can be Invoked in Very Gross Case of Inadequacy in Inquiry(29.04.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the Revisional jurisdiction under section 263 of the Income Tax Act, 1961 can be invoked in a very.....
Tags : Income Tax Appellate Tribunal, revisional jurisdiction, section 263, Income Tax Act, 1961
AAR, Gujarat: GST ITC Admissible on Bus Hired for Employees Transportation(02.05.2022)
Authority of Advance Ruling, Gujarat has observed that the Goods and Services Tax Input Tax Credit is permissible on buses hired for transportation of.....
Tags : Authority of Advance Ruling, Goods and Services Tax, Input Tax Credit, 13 passengers
Madras HC: Asian Paints to Furnish Bank Guarantee for GST Department to Release Detained Goods(02.05.2022)
Madras High Court has directed the Goods and Services Tax department to discharge the detained goods on furnishing of the bank guarantee by Asian Pain.....
Tags : Madras High Court, Goods and Services Tax, bank guarantee, Asian Paints
CESTAT, Bangalore: Simple Aluminium Plates Classifiable Under 7606 1200 of Chapter Tariff Heading(02.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, Bangalore has ruled that Simple Aluminium Plates are classifiable under 7606 1200 of Chapter Tariff .....
Tags : Customs, Excise & Service Tax Appellate Tribunal, Chapter Tariff Heading, 7606 1200, Simple Aluminium Plates
ITAT, Delhi: Amount from Indian Associate for Support Service is not Fees and not liable to Tax(02.05.2022)
Income Tax Appellate Tribunal, Delhi has observed that amount expected from Indian Associate for Support Service is not Fees for Included Services and.....
Tags : Income Tax Appellate Tribunal, Indian Associate, Support Service
ITAT, Lucknow: Clerical Mistake in Audit Report Form 10B Can be Rectified(02.05.2022)
Income Tax Appellate Tribunal, Lucknow has observed that the clerical mistakes in audit report form 10B can be rectified and the same should not be a .....
Tags : Income Tax Appellate Tribunal, form 10B, Audit Report
CESTAT, Mumbai: Sports Boats Come Within Ambit of Inflatable Craft under Customs and Tariffs Act(02.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Mumbai has ruled that sports boats come within the meaning of inflatable craft subsequent to headi.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Customs Tariff Act, 1975, sports boats
ITAT, Delhi: Amendments to Sections 43B and 36(1)(va) IT Act Can’t Have Retrospective Effect(02.05.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the amendments to sections 43B and 36(1)(va) of the Income Tax Act, 1961 cannot have retrospective.....
Tags : Income Tax Appellate Tribunal, sections 43B, sections 36(1)(va), Income Tax Act, 1961, retrospective effect
ITAT: Income Tax Deduction for CAM Charges Included in Rent(19.05.2022)
Income Tax Appellate Tribunal, Bangalore has observed that Common Area Maintenance (CAM) Charges included in rent were allowable as a deduction.
Tags : Income Tax Appellate Tribunal, Common Area Maintenance, rent
CESTAT: Customer Care Service is Classifiable U/S 65 (11) Finance Act(19.05.2022)
Income Tax Appellate Tribunal, Bangalore has observed that Common Area Maintenance (CAM) Charges included in rent were allowable as a deduction.
Tags : Customs, Excise and Service Tax Appellate Tribunal, customer care, Business Auxiliary Services
CESTAT: Penalty Under Central Excise Act is Not Sustainable by Third Party Evidence(19.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, Delhi has ruled that the demand of duty and penalty under the Central Excise Act, 1944 is not sustai.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, Central Excise Act, 1944, demand of duty
Delhi HC: AO & PCIT Failed to Consider Balance of Convenience And Irreparable Injury(19.05.2022)
Delhi High Court has held that neither the Assessing Officer (AO) nor the Principal Commissioners of Income Tax (PCIT) have considered the three basic.....
Tags : Delhi High Court, Assessing Officer, Principal Commissioners of Income Tax, prima facie, balance of convenience, irreparable injury
Delhi HC: AO & PCIT Failed to Consider Balance of Convenience And Irreparable Injury(19.05.2022)
Delhi High Court has held that neither the Assessing Officer (AO) nor the Principal Commissioners of Income Tax (PCIT) have considered the three basic.....
Tags : Delhi High Court, Assessing Officer, Principal Commissioners of Income Tax, prima facie, balance of convenience, irreparable injury
Bombay HC: Loss On Trading in Derivatives of Securities Not A Speculative Loss(19.05.2022)
Bombay High Court has ruled that transactions in respect of trading in derivatives carried out in a recognized stock exchange are excluded from the de.....
Tags : Income-Tax Act, Bombay High Court, ITAT, Finance Act
CESTAT, Mumbai Holds 4G Mobile Towers that are Movable in Nature and Eligible for CENVAT Credit(20.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has ruled that the 4G mobile towers are movable in nature and entitled for CENVAT credit.
Tags : Customs, Excise & Service Tax Appellate Tribunal, 4G mobile towers, CENVAT credit
AAR, Telangana: ITC Can be Claimed on IGST Paid Both on Imports Intra & Inter-State Sales, Rules(20.04.2022)
Authority of Advance Ruling, Telangana has observed that Integrated Goods and Services tax paid on imports is eligible to be availed as an Input Tax C.....
Tags : Authority of Advance Ruling, Integrated Goods and Services Tax, Input Tax Credit
ITAT, Delhi: Interest Can’t be Levied on Additional Income Declared under Modified Return(20.04.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the interest under sections 234B and 234C of the Income Tax Act, 1961 for non/short payment of adv.....
Tags : Income Tax Appellate Tribunal, Income Tax Act, 1961, advance tax installment, advance pricing agreement
ITAT, Delhi: Interest Can’t be Levied on Additional Income Declared under Modified Return(20.04.2022)
Income Tax Appellate Tribunal, Delhi has ruled that the interest under sections 234B and 234C of the Income Tax Act, 1961 for non/short payment of adv.....
Tags : Income Tax Appellate Tribunal, Income Tax Act, 1961, advance tax installment, advance pricing agreement
ITAT Hyderabad: Ignorance of Law Concerning Compulsory Audit Not Reasonable for Deleting Penalty(21.04.2022)
Income Tax Appellate Tribunal, Hyderabad has held that mere ignorance of law under Section 44AB of the Income Tax Act, 1961 for compulsory audit of ac.....
Tags : Income Tax Appellate Tribunal, ignorance of law, Section 44AB of the Income Tax Act, 1961, Section 273B
Madras HC: Mere Signing of Statement Admitting Tax Liability, Doesn't Amount to Self-Ascertainment(21.04.2022)
Madras High Court has ruled that merely because an assessee has, signed a statement admitting tax liability under the stress of investigation, and hav.....
Tags : Madras High Court, assessee, tax liability, self-assessment, self-ascertainment
Non-Compliance of S. 148A Notice: Rajasthan HC asks Income Tax Dept to Follow SC Judgment(19.05.2022)
Rajasthan High Court has directed the income tax department to proceed with the notices quashed earlier under Section 148A of Income-Tax Act, 1961, in.....
Tags : Supreme Court, Rajasthan High Court, Section 148A Income-Tax Act 1961, Finance Act
Supreme Court: Central government and States have simultaneous powers to legislate on GST(19.05.2022)
Supreme Court has ruled that the Central government and States have simultaneous powers to legislate on Goods and Service Tax (GST). The Court stated .....
Tags : Supreme Court of India, Goods and Service Tax, GST
Kerala HC Dismisses Bus Operators' Plea for Extension of Tax Exemption Granted During Covid(20.05.2022)
Kerala High Court has dismissed a batch of petitions filed by private bus operators seeking an extension of the tax exemption granted to them owing to.....
Tags : Kerala High Court, Tax Exemption, Legitimate Expectation
ITAT: Revisional Order Based on Suspicion is Invalid(20.05.2022)
Income Tax Appellate Tribunal (ITAT), Chennai Bench, has held that the revisional order under Section 263 of the Income Tax Act, 1961 cannot be merely.....
Tags : Income Tax Appellate Tribunal, Revisional Order, Suspicion
ITAT: No Disallowance of PF/ESI Contributions on Account of Delay in Deposit(20.05.2022)
Income Tax Appellate Tribunal ( ITAT ), Delhi Bench has held that no disallowance of provident fund and Employees State Insurance contributions on acc.....
Tags : Income Tax Appellate Tribunal, Disallowance, Provident Fund, Delay in Deposit
Delhi High Court Quashes Reassessment Proceedings As Initiated Without Jurisdiction(20.05.2022)
Delhi High Court while quashing the re-assessment proceedings initiated by Income Tax Officer, Jaipur (ITO) has held that since the petitioner jurisdi.....
Tags : Delhi High Court, Income-Tax, Reassessment Proceedings, Assessing Officer
Chhattisgarh HC: Issuance of Reassessment Notice Valid on Ground Disclosure of Bogus Purchase Bills(21.04.2022)
Chhattisgarh High Court has observed that the reassessment notice under Section 148 of the Income Tax Act,1961 is valid on the grounds of disclosure p.....
Tags : Chhattisgarh High Court, reassessment, Section 148 of the Income Tax Act,1961, bogus
CESTAT, Mumbai: Dept Bound to Accept Description of Goods on CA Certificate(21.04.2022)
Customs, Excise and Service Tax Appellate Tribunal, Mumbai has ruled that the customs department is bound to accept the description of goods on the ba.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Chartered Accountant, special additional duty, customs department
Telangana HC: Power to Grant Stay Under Telangana VAT Act is Discretionary(21.04.2022)
Telangana High Court has observed that the power of the authorities under the Telangana Value Added Tax Act, 2005 is discretionary and the same should.....
Tags : Telangana High Court, Telangana Value Added Tax Act, 2005, discretionary
CBDT Releases ITR-1 Validation Rules for AY 2022-23(21.04.2022)
Central Board of Direct Taxes has released Income Tax Return -1 Validation Rules for Assessment Year 2022-23. The Rules include: List of category defe.....
Tags : Central Board of Direct Taxes, ITR-1, Assessment Year 2022-23
Madras HC: Pre-Deposit Payment Made by Parent Company Amounts to Proper Compliance(22.04.2022)
Madras High Court has observed that the payment of pre deposit made by the parent company having a distinct service tax registration amounts to proper.....
Tags : Madras High Court, pre deposit, service tax, compliance
ITAT, Ahmedabad: Higher Rate of Depreciation Available to Vehicles Let Out on Hire(22.04.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that the assessee can avail higher rate of depreciation that is accessible to vehicles to let out o.....
Tags : Income Tax Appellate Tribunal, assessee, higher rate, depreciation
ITAT, Ahmedabad: Payments to Medical Labs for Screening of Sickle Cell Anemia Subject to TDS(22.04.2022)
Income Tax Appellate Tribunal, Ahmedabad has held that under sections 194J and 194C of the Income Tax Act, 1961 is applicable to the payments made to .....
Tags : Income Tax Appellate Tribunal, Income Tax Act, sickle cell anemia, medical labs
Karnataka High Court: 18% GST payable on 'pattadar pass book cum title deed'(20.05.2022)
Karnataka High Court, while upholding the ruling of the Authority of Advance Ruling (AAR) has held that 18% GST is payable on 'pattadar pass book cum .....
Tags : Karnataka High Court, Goods and Services Tax, Title Deed
Calcutta HC Gives Fresh Opportunity to Assessee Due to Technical Glitches in Income Tax Portal(20.05.2022)
Calcutta High Court has directed the assessing officer to start new assessment proceeding as taxpayer could not furnish answers to the notice due to t.....
Tags : Calcutta High Court, Assessment Proceeding, Notice, Taxpayer
CESTAT Delhi: No Service Tax Payable on Service Charges Collected by Rajasthan CDF from Milk Unions(23.05.2022)
Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Delhi has ruled that no service tax is payable on the service charges collected by the Rajas.....
Tags : CESTAT, Service Tax, Milk Unions
Kerala HC: Discount Received Through Credit Notes Not Part of Taxable Turnover under Kerala VAT Act(23.05.2022)
Kerala High Court has held that the discount received through credit notes is not part of the taxable turnover under the Kerala Value Added Tax Act
Tags : Kerala High Court, VAT, Taxable Turnover
ITAT: Centralized Processing Centre has No Jurisdiction of Adjustment U/S 143(1)(23.05.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the Centralized Processing Centre has no jurisdiction to exercise the power under sec.....
Tags : ITAT, Centralized Processing Centre, Income-Tax Act, Assessee
P&H HC: 7 Days Period to File Reply of Notice Served Through E-Filing Portal is ‘Unreasonably Short’(23.05.2022)
Punjab & Haryana High Court has held that the period of 7 days, granted to file the reply of the Notice issued under Section 148A of the Income Tax Ac.....
Tags : Punjab and Haryana High Court, Section 148-A, Income-Tax Act, Natural Justice
CESTAT Hyderabad: Service Tax Paid on GTA Services Available as Refund and Is Not Exempt(16.01.2020)
Customs, Excise, and Service Tax Appellate Tribunal Hyderabad has held that where the conditions for availing a refund of service tax on Goods Transpo.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Goods Transport Agency Services, Service Tax
AAR Kerala : Distributors Liable to Pay GST on Additional Discount Reimbursed(17.01.2020)
Authority for Advance Ruling, Kerala has ruled that the distributors are liable to pay Goods and Service Tax and are also eligible to avail Input Tax .....
Tags : Authority on Advance Ruling, Goods and Service Tax on Additional Discount Reimbursed
ITAT Delhi: Exemption to Agricultural Lands Bought not for Business Purposes Allowed(17.01.2020)
Income Tax Appellate Tribunal, Delhi has allowed exemption on agricultural lands bought without an intention to purchase the land for any business pur.....
Tags : Income Tax Appellate Tribunal, Exemption on Agricultural Lands
ITAT, Delhi Deletes Adjustments of TPO on AMP Expenses of Ray-Ban(27.01.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has given relief to Ray-Ban deleting the adjustments made by the Transfer Pricing Officer (TPO) on account.....
Tags : Income Tax Appellate Tribunal, Ray-Ban
ITAT, Delhi Deletes Additions on Passing of Expiry Date of Product in Relief to Hindustan Coca Cola(27.01.2021)
Income Tax Appellate Tribunal (ITAT), Delhi in a relief to Hindustan Coca Cola has deleted the additions of Rs. 20.89 Lakhs on account of passing of t.....
Tags : Income Tax Appellate Tribunal, Hindustan Coca Cola
ITAT, Delhi Allows Deloitte to Deduct Expenditure on Suit Against Partner as Business Expenditure(01.02.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the expenditure incurred by Deloitte Haskins & Sells towards defending suit against the part.....
Tags : Income Tax Appellate Tribunal, Deloitte Haskins & Sells
SC Stays Del. HC’s Order Allowing Operation of Rapido and Uber’s Bike Taxi in Delhi(13.06.2023)
Supreme Court has stayed Delhi High Court’s order that allowed bike-taxi aggregators Uber and Rapido to operate without aggregators’ license in Delhi,.....
Tags : Supreme Court, Bike-Taxi, Delhi, Policy
Central Board Direct Taxes Issues E-Filing ITR 6 Schema Changes for AY 2021-22(23.09.2021)
Central Board Direct Taxes (CBDT) has issued e-Filing ITR 6 Schema Changes for Assessment Year 2021-22. The purpose of this document is to track the c.....
Tags : Central Board Direct Taxes, E-Filing ITR 6 Schema Changes
ITAT, Indore: Denial of Opportunity to Cross-Examine Parties Would be Violation of Natural Justice(23.09.2021)
Income Tax Appellate Tribunal (ITAT), Indore has held that the denial of opportunity to the assessee to conduct cross-examination of the parties who h.....
Tags : income Tax Appellate Tribunal, Violation of Natural Justice
ITAT, Mumbai: Shell India Not Taxable in India for Consideration Received from Resale of Software(27.09.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that Shell India not taxable in India for consideration received from resale/use of the computer.....
Tags : Income Tax Appellate Tribunal, Shell India
ITAT, Bangalore: Independent Building with More Than One Residential Unit Eligible for Capital Gain(27.09.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has held that an independent building with more than one residential unit within it shall be eligible .....
Tags : Income Tax Appellate Tribunal, Independent Building with More Than One Residential Unit
Del HC Upholds Validity of Rules Prescribing Colour/Description of Uniform for Auto/Taxi Drivers(06.07.2023)
Delhi High Court has upheld the validity of Rule 7 of the Delhi Motor Vehicle Rules, 1993, which prescribes that an auto rickshaw driver shall wear a .....
Tags : Delhi High Court, Uniform, Auto Rickshaw, Taxi
Del HC: MSMED Act Not Applicable to CA Firms Appointed as Special Auditors(10.07.2023)
Delhi High Court has held that MSMED Act, 2006 is not applicable to a CA firm appointed as ‘Special Auditor’ under Section 142(2A) of the Income Tax A.....
Tags : Delhi High Court, MSMED Act, Special Auditor, Income-Tax
SC: No Penalty Under S.271C of IT Act for Mere Delay in Remittance of TDS(11.04.2023)
Supreme Court while observing that words used in Section 271C(1)(a) are ‘fails to deduct’, and the same doesn’t speak about belated remittance of TDS,.....
Tags : Supreme Court, TDS, Remittance, Income Tax Act
SC: An Activity Can be Taxed as Both ‘Goods’ and ‘Services’(13.04.2023)
Supreme Court while upholding charge of service tax on ‘Engineering Design & Drawings’ which falls in “design services” under Finance Act, 1994 and as.....
Tags : Supreme Court, Service Tax, Engineering Design & Drawings
SC: Penalty U/S 45 of Guj. Sales Tax Act, 1969 is Statutory And Mandatory(19.04.2023)
Supreme Court while observing that penalty under Section 45 of Gujarat Sales Tax Act, 1969 is statutory and mandatory in nature, has held that no disc.....
Tags : Supreme Court, Gujarat Sales Tax Act, Statutory, Mandatory
Bom. HC: Goa VAT (12th Amendment) Act Violates Doctrine of Separation of Powers(24.04.2023)
Bombay High Court while observing that Goa Value Added Tax (12th Amendment) Act, 2020, is an impermissible judicial override defying doctrine of separ.....
Tags : Bombay High Court, Goa Value Added Tax, Doctrine of Separation of Powers
SC: Unless Notified by Centre, Court Can’t Give effect to Double Taxation Avoidance Agreement(19.10.2023)
Supreme Court has held that unless Double Taxation Avoidance Agreement has been notified by the Central Government under Section 90 of the Income Tax .....
Tags : Supreme Court, Double Taxation Avoidance Agreement, Notified
All. HC: Assessee Must Prove Transaction Beyond Doubt to Claim ITC(20.10.2023)
Allahabad High Court has held that onus is to be discharged by the assessee to prove and establish beyond doubt the actual transaction and physical mo.....
Tags : Allahabad High Court, Input Tax Credit, Transaction
AAR: GST Not Payable On Reimbursement Of Tree Cut Compensation Paid To Farmers By Pure Agent(23.01.2023)
Authority for Advance Ruling (AAR), Karnataka has observed that a pure agent is not liable to pay Goods and Services Tax (GST) on reimbursement of com.....
Tags : Karnataka Authority for Advance Ruling, Goods and Services Tax, compensation
Ker. HC: Presence Of Gold In Pocket Sans Appropriate Documentation Raises Suspicions Of Tax Evasion(25.01.2023)
Kerala High Court has ruled that the presence of gold in your pocket without the appropriate documentation raises suspicions of evasion of tax.
Tags : Kerala High Court, gold, documentation, tax
AAAR: Administering Of COVID-19 Vaccine By Hospitals Attracts 5% GST(25.01.2023)
Andhra Pradesh Appellate Authority for Advance Ruling (AAAR) has observed that hospitals must pay 5% Goods and Service Tax (GST) when administering th.....
Tags : Appellate Authority for Advance Ruling, Goods and Service Tax, hospitals
ITAT: 2% TDS Deductible On Common Area Maintenance Charges(25.01.2023)
Income Tax Appellate Tribunal (ITAT), Delhi has ruled that 2% Tax Deducted at Source (TDS) is deductible on common area maintenance charges. The court.....
Tags : Income Tax Appellate Tribunal, Tax Deducted at Source, maintenance, assessee
Ker. HC: Mentally Retarded Persons' Eligible For Tax Exemption In Purchase of Motor Cars(27.01.2023)
Kerala High Court has ruled that 'mentally retarded persons' are also entitled to tax exemption in purchase of motor cars, on par with the physically .....
Tags : Kerala High Court, tax, handicapped
Bom. HC: Tea Stored in the Warehouse is not Eligible for Service Tax(13.12.2023)
Bombay High Court has held that tea stored in warehouses is an agricultural produce and is not eligible for service tax.
Tags : Bombay High Court, Tea, Service Tax
Cal. HC: Right of Reg. Person to Take ITC Vested Right Only if Conditions to take it are Fulfilled(15.12.2023)
Calcutta High Court has held that the right of a registered person to take input tax credit (ITC) under Section 16(1) of the GST Act becomes a vested .....
Tags : Calcutta High Court, Input Tax Credit, GST
CBDT Issues Guidelines on 1% TDS on Virtual Digital Assets from 1st July(23.06.2022)
Central Board of Direct Taxes (CBDT) has issued guidelines to levy one percent TDS on the virtual digital assets under Section 194S of the Income Tax .....
Tags : CBDT, Virtual Digital Assets, Income-Tax Act
ITAT: Prima Facie Belief That There is Escape of Income is Sufficient Proof to Re-Open Assessment(23.06.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench has held that prima facie belief that there is the escape of income is sufficient proof to initiate r.....
Tags : ITAT, Income Tax Act, 1961, Reassessment
CBDT Notifies Extension of Applicability of TP Safe Harbour Rules Till AY 2022-23(24.06.2022)
Central Board of Direct Taxes (CBDT) has extended the applicability of Rule 10TD (3B) of the Income-tax Rules, 1962, which deals with safe harbour, ti.....
Tags : Central Board of Direct Taxes, Safe Harbour
CESTAT: Service Tax Cannot be Imposed on Value of Material Supplied to Client(24.06.2022)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench has held that service tax cannot be imposed on value of material supplie.....
Tags : CESTAT, Service Tax, Material Supplied
Del. HC Upholds Validity of Section 115BBE of Income Tax Act(29.12.2023)
Delhi High Court while observing that Statutory Acts and their provisions are not to be declared unconstitutional on the fanciful theory that power wo.....
Tags : Delhi High Court, Constitutional Validity, Income Tax Act
Raj HC: No Penalty on Assessee u/s 270A IT Act, Once Deduction Claim for Education Cess is Withdrawn(05.01.2024)
Rajasthan High Court has held that no penalty shall be imposed on the Assessee under Section 270A of Income-Tax Act, 1961, once the deduction claim fo.....
Tags : Rajasthan High Court, Education Cess, Deduction Claim, Income-Tax Act
Del. HC: Employee not Responsible for Non-Deposit of Deducted Tax Amount to Government(08.01.2024)
Delhi High Court has held that once the employee has accepted the salary after deduction of Income Tax he has no further control over the tax to be pa.....
Tags : Delhi High Court, Non-Deposit, Tax Amount, Employee
CBDT Issues Guidelines for Granting Exemption to Foreign Wealth Funds and Pension Funds(28.10.2021)
Central Board of Direct Taxes (CBDT) has issued guidelines for granting an exemption under section 10(23FE) of the Income Tax Act, 1961 to Foreign Wea.....
Tags : Central Board of Direct Taxes, Exemption to Foreign Wealth Funds and Pension Funds
CBIC Directs to Issue SCNs on Difference in ITR-TDS Data Only After Proper Verification(28.10.2021)
Central Board of Indirect Taxes and Customs (CBIC) directed the GST Officer to issue show-cause notices based on the difference in ITR-TDS data and se.....
Tags : Central Board of Indirect Taxes and Customs, Difference in ITR-TDS Data
CBIC notifies New Provisions related to Surrender of Registration, Validity of Registration(29.10.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified new Provisions related to Surrender of Registration, Validity of registration under Co.....
Tags : Central Board of Indirect Taxes and Customs, Courier Imports and Exports (Clearance), Amendment, Regulations, 2021
CBDT Notifies MP, Chandigarh Pollution Control Board Eligible for Income Tax Exemption(01.11.2021)
Central Board of Direct Taxes (CBDT) has notified the Madhya Pradesh and Chandigarh Pollution Control Board, Gujarat State Aids Control Society eligib.....
Tags : Central Board of Direct Taxes, Income Tax Exemption
SC: Section 16B of HP General Sales Tax Act Not Ultra Vires to Any Provision of Law(01.05.2023)
Supreme Court while setting aside High Court judgment which held that Section 16B of Himachal Pradesh General Sales Tax (HPGST) is ultra vires to Sect.....
Tags : Supreme Court, Himachal Pradesh General Sales Tax, SARFAESI, Ultra Vires
P&H HC: GST Registration Suspension Deemed to be Revoked if SCN Not Decided Within 30 Days of Reply(27.03.2024)
Punjab and Haryana High Court has held that if a show cause notice is not decided within thirty days of filing a reply, the suspension of Goods and Se.....
Tags : Punjab and Haryana High Court, Show Cause Notice, Goods and Service Tax, Suspension
CESTAT: Credit Availed on Service Tax Paid on Deposit Insurance Service Eligible for CENVAT Credit(13.06.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai bench has held that credit availed by the Indian Overseas Bank on the Service Tax.....
Tags : CESTAT, CENVAT Credit, Service Tax
Bombay HC: Compensation Awarded for Property Acquired for Bullet Train Project Not Taxable(13.06.2022)
Bombay High Court has held that income received by land-owners on account of the property acquired by the National Hi-Speed Rail Corporation Ltd throu.....
Tags : Bombay High Court, Tax, Bullet Train
CESTAT: No Service Tax to be Levied on Flats Construc. Prior To 01.07.2010 Having Less Than 12 Flats(11.04.2024)
Chennai Branch of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that no tax liability shall be imposed if the flats are co.....
Tags : CESTAT, Service Tax, Tax Liability
Del. HC: ITSC Can Only Grant Immunity from Penalty & Prosecution in Case of Full & True Disclosure(15.04.2024)
Delhi High Court has held that the power to grant immunity from penalty and prosecution is entrusted to the Income Tax Settlement Commission (ITSC) on.....
Tags : Delhi High Court, Income Tax Settlement Commission, Penalty & Prosecution, True Disclosure
Ker. HC: Assessment Order Quashed on Finding that Assessee Not Provided Effective Hearing(16.04.2024)
Ker. HC quashed an assessment order passed under the Income Tax Act, 1961, and held that since the assessee was not able to log in through link for vi.....
Tags : Kerala High Court, Assessment Order, Income Tax Act, 1961, Principles of Natural Justice
Del. HC Directs Dept. to Remove Demands From ITBA Portal as it Fails to Comply with ITAT's Order(19.04.2024)
Delhi HC has directed the Income-tax Department to remove the demands & penalty imposed upon the Assessee from ITBA portal, refund the amount lying wi.....
Tags : Delhi High Court, Income-tax Department, ITBA Portal
CESTAT, Chennai: No Service Tax Leviable on Goods Component of Composite Works Contract(19.11.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Chennai has held that no service tax is leviable on goods component of composite works c.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Service Tax Leviable on Goods Component of Composite Works Contract
CBIC Issues Instructions on Issuance of SCNs and Adjudication Process in Pre-GST Regime(22.11.2021)
Central Board of Indirect Taxes and Customs (CBIC) has issued the instructions to adhere to the time limits laid down in the provisions of the Act and.....
Tags : Central Board of Indirect Taxes and Customs, Issuance of SCNs and Adjudication Process in Pre-GST Regime
CESTAT, Ahmedabad Directs Revenue to Re-Consider Refund Claim of IOCL(23.11.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has given relief to Indian Oil Corporation Limited (IOCL) directing the Revenue.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Indian Oil Corporation Limited
Kerala HC: IT Act Doesn’t Impose Any Limitation for Filing Application for Condonation of Delay(21.11.2022)
Kerala High Court has held that Section 119(2)(b) of the Income Tax (IT) Act does not impose any limitation for the purposes of filing an application .....
Tags : Kerala High Court, Income-Tax, Limitation
All. HC: IT Act 1961 Vests Jurisdiction with Central Government to Appoint CIT (Appeal)(24.07.2023)
Allahabad High Court has held that Income Tax (IT) Act, 1961 vests jurisdiction on Central government to appoint an officer as Commissioner of Income-.....
Tags : Allahabad High Court, Commissioner of Income-tax (Appeals), Appeals
Bom. HC: Sai Baba Sansthan Trust Eligible for Exemption on Income Tax for Anonymous Donations(09.10.2024)
Bombay High Court while upholding the order by ITAT, has affirmed that Shri Sai Baba Sansthan Trust situated in Shirdi is eligible for exemption from .....
Tags : Bombay High Court, Sai Baba Sansthan, Income Tax
CBDT: Form No. 56FF to be Furnished Along with Income Tax Return for Claiming Deduction(31.12.2021)
Central Board of Direct Taxes (CBDT) has notified Form No. 56FF to be furnished along with the Income Tax Return for claiming section 10A(1B)(b) deduc.....
Tags : Central Board of Direct Taxes, Deduction u/s 10A(1B)(b)
ITAT: VAT Expenses on Deemed Import Eligible to be Set Off Against VAT Output(31.12.2021)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the Value Added Tax (VAT) expenses on deemed import are eligible to be set off against t.....
Tags : Income Tax Appellate Tribunal, VAT Expenses on Deemed Import
SC Dismisses Plea Seeking GST Exemption for Medicines to Cure Spinal Muscular Atrophy(06.12.2022)
Supreme Court has dismissed a plea seeking removal of levy of Goods and Services Tax on medicines to cure spinal muscular atrophy stating that it is a.....
Tags : Supreme Court, Goods and Services Tax, Spinal Muscular Atrophy
SC: Concessional Rate of Sales Tax Not Applicable on Oxygen as it is Not Raw Material(08.12.2022)
Supreme Court while observing that the main function of oxygen in manufacturing steel is to reduce the carbon content, has held that it can be conside.....
Tags : Supreme Court, Sales Tax, Oxygen
Del. HC: Pre-Deposit Before OHA Can’t be Adjusted Against Other Tax Dues(23.08.2023)
Delhi High Court while observing that pre-deposit does not have the character of a tax or duty, has held that re-deposit made before the Objection Hea.....
Tags : Delhi High Court, Pre-Deposit, Other Tax
Del HC Declines Assess. Issued in Wrong Name after Entity’s Merger, Distinguishes from SC Judgment(20.01.2025)
Del HC while declining Income Tax Department's appeal for treating the error committed in naming relevant entity while issuing reassessment notices as.....
Tags : Delhi High Court, Income Tax Department, Assessment
SC Strikes Down Section 10(26AAA) Income Tax Act as Unconstitutional(16.01.2023)
Supreme Court while striking down exemption provision under Section 10(26AAA) Income Tax Act as unconstitutional for excluding Sikkimese woman because.....
Tags : Supreme Court, Section 10(26AAA) Income Tax Act, Unconstitutional, Sikkimese woman
CESTAT, Chennai: Redemption Fine Cannot be Imposed When Goods Allowed to be Re-exported(24.02.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has held that the redemption fine cannot be imposed when the goods are allowed to.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Redemption Fine
CESTAT: No Service Tax on Take-Away of Food Items(17.02.2023)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench while observing that activity of takeaway of food items would amount to a sal.....
Tags : CESTAT, Service Tax, Take Away, Food Item
ITAT: IBC Has Overriding Effect on All Acts Including Income Tax Act(20.02.2023)
Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that Insolvency and Bankruptcy Code (IBC) has an overriding effect on all acts, including t.....
Tags : Income Tax Appellate Tribunal, Income-Tax, Insolvency
SC: Can’t Reduce Benefit of Input Tax Credit without Statutory Sanction(19.02.2025)
Supreme Court has held that the benefit of input tax credit is traceable to the statute. If the same has to be reduced, which will have an adverse civ.....
Tags : Supreme Court, Input Tax Credit, Statutory Sanction
SC Grants One Week’s Protection to NewsClick in Relation to Tax Recovery(24.02.2025)
Supreme Court has granted one week’s interim protection to the news portal NewsClick in relation to tax recovery demands and has granted it liberty to.....
Tags : Supreme Court, NewsClick, Tax Recovery
Del. HC: Company’s Subsidiary Doesn’t Ipso Facto Constitute its Permanent Establishment(27.02.2025)
Del. HC has held that there is no general presumption in law that a subsidiary can never be acknowledged to be a Permanent Establishment (PE). This is.....
Tags : Delhi High Court, Permanent Establishment, Double Taxation Treaty
SC: Dealer Must Prove Transaction Beyond Reasonable Doubt to Claim Input Tax Credit(15.03.2023)
Supreme Court has held that under Section 70 of Karnataka Value Added tax Act, dealer claiming Input Tax Credit on purchase ought to prove and establi.....
Tags : Supreme Court, Input Tax Credit, Karnataka Value Added tax Act
Ker. HC: No Remission of Property Tax if Advance Notice Regarding Vacancy of Building Not Served(28.11.2023)
Kerala High Court has held that in the absence of the notice, as is required under sub-section (3) of Section 239 of the Kerala Municipality Act, ther.....
Tags : Kerala High Court, Property Tax, Remission
P&H HC: IPC Can’t be Invoked for Entry Tax Evasion as VAT Act Doesn’t Provide for Registration of FIR(01.12.2022)
Punjab and Haryana High Court has held that since the provisions of the VAT Act do not provide for the registration of the FIR and the said Act is a C.....
Tags : Punjab and Haryana High Court, VAT, Entry Tax Evasion
ITAT Mumbai: No Tax Notice to Legal Heir of Deceased(17.11.2023)
Income-tax Appellate Tribunal, Mumbai has held an assessment order passed in the name of a deceased taxpayer to be 'non-est’ and quashed the addition .....
Tags : Income-tax Appellate Tribunal, Mumbai, deceased taxpayer
Delhi High Court: CIC Doesn’t Have Jurisdiction to Direct Furnishing of Information u/s 138 IT Act(23.01.2024)
Del. HC while setting aside Central Information Commission (CIC)’s order directing IT department to provide details regarding tax exemption granted to.....
Tags : Delhi High Court, Tax Exemption, Furnishing of Information
SC: Return Filed Without Regular Books of Account May be Defective but Not Invalid(25.01.2024)
Supreme Court has held that tax return filed without regular books of account by assessee is defective but not invalid and the burden to inform the as.....
Tags : Supreme Court, Tax Return, Books of Account, Assessing Officer
SC: Property Tax for ‘Business Building’ Not Applicable on Advocate’s Office Run From Residence(29.01.2024)
SC has held that advocate's office run from residential building is not subject to property tax under Delhi Municipal Corporation Act, 1957 as a "bus.....
Tags : Supreme Court, Property Tax, Advocate’s Office, Delhi Municipal Corporation Act
All. HC: Commercial Tax Tribunal’s Order Upheld, Court Condones 1365 Days Delay on Sufficient Cause(29.01.2024)
Allahabad High Court while upholding the condonation of delay of 1365 days by the Commercial Tax Tribunal in filing of appeal has held that it is the .....
Tags : Allahabad High Court, Commercial Tax Tribunal, Condonation of Delay
INTERIM BUDGET – 2024(01.02.2024)
• Tax Rates to be retained for direct and indirect taxes including import duties
• Exemption granted to some IFSC units, that was expiring on March 3.....
Tags : Tax Rates, IFSC Units, Direct Tax Demands
SC: Motor Vehicles Hired from a Contractor not Sale of Goods, Won’t Attract Sales Tax or VAT(11.01.2024)
Supreme Court has held that hiring of motor vehicles/cranes from a contractor can’t be considered as sale of goods as sale involves possession and con.....
Tags : Supreme Court, Motor Vehicles, Sales Tax, VAT
Bom. HC: Assessee Cannot be Permitted to Raise Defect in Notice After 30 Years(15.01.2024)
Bombay HC has held that even assuming that there was a defect in the notice, the assessee cannot be permitted to raise the same after 30 years as it h.....
Tags : Bombay High Court, Income-tax Act, Defect
ITC Case: Tel. HC Directs CGST To Forward All Investigation & Related Documents To State(19.01.2024)
In a case where Petitioner was served with a notice directing to reverse Input Tax Credit (ITC), Telangana HC has directed the Preventive Wing & DGGI .....
Tags : Input Tax Credit, Preventive Wing, DGGI Wing
Allahabad HC Quashes Re-Assessment Order; Says Notice Issued Without Jurisdiction is Invalid(12.05.2022)
Allahabad High Court has held that once the notice under Section 148 of the Income Tax Act, 1961, issued by the assessing authority was declared witho.....
Tags : Allahabad High Court, Section 148, Income Tax Act, 1961, jurisdiction
CESTAT, Mumbai: Value of Excisable Goods Sold at Depot Will be Determined Using Sale Price From Depot(12.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has ruled that the value of excisable items sold at depot shall be established based on the s.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, depot
ITAT: Domestic Transaction from a Related Party is Not a Specified Domestic Transaction(10.08.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that a domestic transaction from a related party is not a specified domestic transaction u.....
Tags : ITAT, Income-Tax, domestic Transaction
ITAT: Income Tax Appeal Not Maintainable During the Course of IBC Proceedings(16.08.2022)
Income Tax Appellate Tribunal (ITAT), Hyderabad Bench has held that an Income tax appeal is not maintainable during Insolvency and Bankruptcy Code (IB.....
Tags : ITAT, Income Tax Appeal, IBC
CESTAT: Contract of Supply of Goods Not Classifiable Under Commercial or Industrial Construction(16.08.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata bench has held that the contract of supply of goods can’t be classifiable under ‘.....
Tags : CESTAT, Service Tax, Commercial Construction
Mad. HC: Refund Claim to Be Examined on Basis of Documents of Availment of ITC & Export of Products(05.02.2024)
Madras High Court has held that refund claim has to be examined and determined on the basis of documents pertaining to the availing of Input Tax Credi.....
Tags : Madras High Court, Input Tax Credit, Refund Claim
Tel. HC: GST to Be Paid on Land Development Rights Transferred Under Joint Development Agreement(12.02.2024)
Telangana High Court has held that Goods and Service Tax (GST) is to be paid on the transfer of land development rights under a joint development agre.....
Tags : Telangana High Court, Goods and Service Tax, Transfer of Land, Joint Development Agreement
SC: Tax Authorities Must Maintain Discipline to Follow Decisions of Higher Authorities(06.02.2023)
Supreme Court has observed that unless the discipline of adhering to decisions made by the higher authorities is maintained, there would be utter chao.....
Tags : Supreme Court, Tax Authorities, Higher Authorities
CESTAT: Service Tax Cannot be Levied on Incentives(15.03.2024)
Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) while distinguishing between ‘commission’ and ‘incentive’ has held that se.....
Tags : CESTAT, Service Tax, Incentives
CESTAT: No Service Tax on Ocean Freight Charges Under The Head ‘BAS’(04.07.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench has held that no service tax applicable on ocean freight charges under the .....
Tags : CESTAT, Service Tax, Ocean Freight Charges
Del. HC: Order of CIC Directing CBDT to Give Information Regarding Ram Janmabhoomi Trust Set Aside(01.03.2024)
An order passed by the Chief Information Commission (CIC) that directed the Central Board of Direct Taxes (CBDT) to provide information regarding Shri.....
Tags : Delhi High Court, Chief Information Commission, Central Board of Direct Taxes
CBDT Extends Time Period for Processing Income Tax Returns with Refund Claims(01.10.2021)
Central Board of Direct Taxes (CBDT) notified the extension of the time period for Processing returns with refund claims beyond prescribed time limits.....
Tags : Central Board of Direct Taxes, Income Tax Returns with Refund Claims
CBIC Notifies GST Payable on Food Preparations Put Up in Unit Containers(01.10.2021)
Central Board of Indirect Taxes and Customs(CBIC) notified that 5% GST payable on Food preparations put up in unit containers, intended for free distr.....
Tags : Central Board of Indirect Taxes and Customs, Food Preparations Put Up in Unit Containers
CESTAT, Chennai Allows Refund Claim by Hyundai Motor India(05.10.2021)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Chennai has allowed a refund claim by Hyundai Motor India where the Tribunal quashed an .....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Hyundai Motor India
Karnataka High Court: Limitation Period Not Applicable for Refund of Service Tax(06.10.2021)
Karnataka High Court has held that the limitation period is not applicable for refund of service tax wrongly paid on late payment charges (LPC).
Tags : Karnataka High Court, Refund of Service Tax
SC: Assessee to Pay Service Tax on Service Element; Sales Tax on Goods Transferred in Works Contract(05.05.2023)
Supreme Court has held that assessee has to pay service tax on the service element of the works contract and can claim CENVAT Credit only on the said .....
Tags : Supreme Court, Service Tax, Works Contract, Sales Tax
SC Gives Split Verdict on ‘Can Tax Exemption be Claimed Based on Doctrine of Legitimate Expectation’(15.05.2023)
Supreme Court division bench comprising of Justices M.R. Shah and Krishna Murari has rendered a split verdict on whether tax exemption can be claimed .....
Tags : Supreme Court, Sales Tax, Exemption, Doctrine of Legitimate Expectation
Del. HC: IT Addition Eligible for Deduction u/s 80-IC of IT Act if Made Towards Unsub. Share Capital(04.04.2024)
Delhi High Court has held that Income Tax Addition are eligible for deduction under Section 80-IC of the Income Tax Act, 1961 if they are made towards.....
Tags : Delhi High Court, Section 80-IC of IT Act, Income Tax Addition, Unsubstantiated Share Capital
Bombay High Court: Vested Rights of Assessee Can’t be Affected by Retrospective Legislation(04.04.2024)
Bombay High Court has held that the vested right of an assessee cannot be affected by retrospective legislation and the Central Board of Direct Taxes .....
Tags : Bombay High Court, Central Board of Direct Taxes, Retrospective Legislation
Del. HC: Rule 11UA of the IT Rules, 1962 Interpreted for Determination of FMV of Shares(08.04.2024)
Delhi High Court has held that rule 11UA of Income Tax Rules, 1962(IT Rules) has been interpreted by it for the determination of fair market value (FM.....
Tags : Delhi High Court, Income Tax Rules, Fair Market Value, Rule 11UA
Pat. HC: Section 45(5A) of Income Tax Act cannot be Treated as Retrospective(17.05.2023)
Patna High Court has held that Section 45(5A) of Income Tax Act 1961 can’t be treated as retrospective, and stated that there is presumption against r.....
Tags : Patna High Court, Income Tax Act, Retrospective
SC: Credit Note Issued in Consideration of Replacement of Defective Part Attracts Sales Tax(17.05.2023)
Supreme Court has held that credit note issued by manufacturer of automobiles to its dealer in consideration of replacement of defective part pursuant.....
Tags : Supreme Court, Sales Tax, Credit Note, Defective Part
SC: Service Tax Not Applicable on UDF Collected from Passengers at International Airport(23.05.2023)
Supreme Court has held that ‘user development fee (UDF) collected from passengers departing the Delhi, Mumbai and Hyderabad International Airport, is .....
Tags : Supreme Court, User Development Fees, Service Tax, Finance Act
# Budget 2025 – Important Laws(01.02.2025)
# New Income Tax Bill is set to be introduced which seeks to replace the present Income Tax Act, 1961.
# Jan Vishwas Bill 2.0 to be introduced to de.....
Tags : New Income Tax Bill, Jan Vishwas Bill 2.0
#Budget 2025 - New Tax Slabs(01.02.2025)
0 – 4 Lakh Rupees – Nil; 4 - 8 Lakh Rupees – 5% ; 8 – 12 Lakh Rupees – 10% ; 12 – 16 Lakh Rupees – 15% ; 16 – 20 Lakh Rupees – 20% ; 20 – 24 Lakh Rupe.....
Tags : New Tax Slabs, Budget, 2025
#Budget 2025 – TDS and TCS(01.02.2025)
#Limit for tax deduction on interest for senior citizens to be doubled from Rs 50,000 to Rs. 1 lakh #The annual limit for TDS on rent will be increase.....
Tags : Tax Deduction, Annual Limit
SC: No Liability on Lottery Distributor to Pay Service Tax(12.02.2025)
Supreme Court while upholding the unconstitutionality of clause (zzzzn) of the Section 65(105) of the Finance Act, 1994 has observed that there being .....
Tags : Supreme Court, Service Tax, Lottery Distributor
Income Tax Bill, 2025 Set to be Introduced in Lok Sabha Today(13.02.2025)
Finance Minister Smt. Nirmala Sitharaman is set to introduce the Income Tax Bill, 2025 which aims to consolidate and amend the taxation laws of the co.....
Tags : Income Tax Bill, Finance Minister, Lok Sabha
SC: Amendment to CST Act Ceasing Right of Govt. to Grant Exemption to be Applicable Prospectively(14.02.2025)
Supreme Court has held that the amendment in Section 8(5) of the Central Sales Tax Act, 1956 that ceased State Government’s power to grant exemption f.....
Tags : Supreme Court, Sales Tax Act, Central Government
SC: Amendment to CST Act Ceasing Right of Govt. to Grant Exemption to be Applicable Prospectively(14.02.2025)
Supreme Court has held that the amendment in Section 8(5) of the Central Sales Tax Act, 1956 that ceased Central Government’s power to grant exemption.....
Tags : Supreme Court, Sales Tax Act, Central Government
ITAT, Mumbai: Leaseholder’s Expenses Not Capital Expenditure(23.02.2021)
Income Tax Appellate Tribunal (ITAT) Mumbai, has ruled that lease-holder’s expenses are not liable to be considered as capital expenditure for the pur.....
Tags : Income Tax Appellate Tribunal, Leaseholder’s Expenses
CBIC Extends Due Date for Filing FY20 GST Annual Returns till March 31(01.03.2021)
Central Board of Indirect Taxes and Customs has extended the deadline for filing annual Goods and Services Tax return and reconciliation statements fo.....
Tags : Central Board of Indirect Taxes and Customs, GST Annual Returns
ITAT, Delhi Accepts Harish Salve’s Deduction of Foreign Scholarship as Business Expense(01.03.2021)
Income Tax Appellate Tribunal, New Delhi, has accepted the claim of Senior Advocate Harish Salve for deduction of the foreign scholarship given by him.....
Tags : Income Tax Appellate Tribunal, Harish Salve
ITAT: No Documentary Evidence to Substantiate PRP as Expenditure, Claim is Not Sustainable(07.09.2022)
Income Tax Appellate Tribunal, Kolkata has observed that the claim of Performance Related Pay (PRP) is not sustainable when no documentary evidence wa.....
Tags : Income Tax Appellate Tribunal, Performance Related Pay, documentary evidence
ICAI Rule Limiting Number of Tax Audits by Chartered Accountants Every Year Upheld by Supreme Court(17.05.2024)
Supreme Court has upheld the rule that has been issued by the Institute of Chartered Accountants of India (ICAI) that bars Chartered Accountants from .....
Tags : Supreme Court, Chartered Accountants, Tax Audit Assignments
Delhi HC: Writ Remedy Cannot be Invoked in Tax Matters(02.05.2022)
Delhi High Court has held that the writ remedy under Article 226 of the Indian Constitution cannot be invoked in tax matters as the Income Tax Act, 19.....
Tags : Delhi High Court, article 226, Indian Constitution, Income Tax Act, 1961
ITAT, Cuttack: Source of Money Cannot be Doubted if Fixed Deposits Are Made Out of Savings(02.05.2022)
Income Tax Appellate Tribunal, Cuttack has observed that the cause of money cannot be doubted if the fixed deposits are made out of the savings of the.....
Tags : Income Tax Appellate Tribunal, fixed deposits, assessee
CESTAT, Ahmedabad: Press Mud Made During Manufacture of Sugar Can’t be Exempted Products(02.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that the Bagasse/ Press mud made during the course of manufacture of sugar .....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Rule 6 of Central Excise Rule, 2004, sugar
SC: Twin Conditions in Section 10B(8) of IT Act Has to be Fulfilled to Claim Exemption Relief(13.07.2022)
Supreme Court has held that for claiming the benefit under Section 10B (8) of the Income Tax (IT) Act, the twin conditions of furnishing a declaration.....
Tags : Supreme Court, Exemption Relief, Income-Tax
Constitutional Validity of S. 71(3A) of IT Act Upheld by Delhi High Court(03.06.2024)
Delhi High Court has upheld the constitutional validity of Section 71(3A) of the Income Tax Act, 1961 which was added by Section 31 of the Finance Act.....
Tags : Delhi High Court, Constitutional Validity, Income Tax Act, 1961
Telangana High Court: Evading Tax Through Colourable Devices Can’t be Termed as Tax Planning(11.06.2024)
Tel. HC has held that tax planning may be legitimate provided it is within the framework of law. Colourable devices cannot be part of tax planning and.....
Tags : Telangana High Court, Tax Planning, Evading Tax, Colourable Devices
ITAT, Chennai: No TDS on Advertisement Expenses Paid to Online Platforms(22.04.2022)
Income Tax Appellate Tribunal, Chennai, while granting relief to Matrimony.com, has held that Tax Deducted at Source shall not be paid on advertisemen.....
Tags : Income Tax Appellate Tribunal, Matrimony.com, Tax Deducted at Source, advertisement expenses, Facebook Ireland
Kerala HC: Can’t Condone Delay in Approaching Revision Authority Under Income Tax Act(19.06.2024)
Kerala High Court while upholding the order of Single Bench, has held that delay in approaching revision authority under the Income-Tax Act, 1961 cann.....
Tags : Kerala High Court, Revision Authority, Income-Tax Act
AP HC: Prosecution Against Assessee for Belated Deposit of TDS, Quashed(25.06.2024)
Andhra Pradesh High Court while observing that the Commissioner of Income Tax failed to consider material placed by the assessee showing that there wa.....
Tags : Andhra Pradesh High Court, Commissioner of Income Tax, Belated Deposit
Calcutta HC: Concessional Tax Rate and Form D Once Granted, Cannot Be Taken Back(23.05.2022)
Calcutta High Court has held that once the concessional rate of tax and the certificate in Form D was granted it cannot be taken back as it violates t.....
Tags : Calcutta High Court, Concessional Tax Rate, Form D
Ker. HC: If Nature of Land is Changed, The Land Must be Re-Assessed Before Fixing Basic Tax Rate(15.06.2023)
Kerala High Court has held that competent authority is bound to re-assess the rate of basic tax and to make necessary entries in the Basic Tax Registe.....
Tags : Kerala High Court, Basic Tax Rate, Land
SC: Can’t Levy Entertainment Tax on Internet Service Provided by Cinema Owner(31.07.2024)
Supreme Court has held that the internet service provided by cinema owner under the Tamil Nadu Entertainment Tax Act, 1939 cannot be charged with ente.....
Tags : Supreme Court, Internet Service, Entertainment Tax
Karnataka HC: University Liable to Pay Service Tax on Income from Rentals(02.08.2024)
Karnataka High Court has held that if a university earns income from rentals of buildings leased or licensed for banking facilities, it is liable to p.....
Tags : Karnataka High Court, Service Tax, Rentals
Supreme Court: Definition of ‘Purchase Price’ Doesn’t Include Value Added Tax(03.08.2024)
SC has held that purchase price would be the amount of valuable consideration paid or payable for any purchase which would include amount of duties. T.....
Tags : Supreme Court, Purchase Price, Value Added Tax
Supreme Court: Definition of ‘Purchase Price’ Doesn’t Include Value Added Tax(03.08.2024)
SC has held that purchase price would be the amount of valuable consideration paid or payable for any purchase which would include amount of duties. T.....
Tags : Supreme Court, Purchase Price, Value Added Tax
Del HC: Can’t Levy Property Tax as Business Building Because Advocate’s Office Runs from Residence(29.06.2023)
Delhi High Court while observing that premise wouldn’t become business premise just because a lawyer read his office file at his residence, has held t.....
Tags : Delhi High Court, Property Tax, Advocate
Man. HC: IT Officer to Communicate Order of Reassessment and Demand Notice Within Time(23.07.2024)
Manipur High Court has held that if the Income Tax Officer makes reassessment without communicating the order of reassessment and the demand notice of.....
Tags : Manipur High Court, Income Tax Officer, Demand Notice
Finance Minister Nirmala Sitharaman Announces Union Budget 2024(23.07.2024)
Few highlights from the Union budget have been mentioned below:
1. Revisions made in the new tax regime
2. Corporate Tax On Foreign Companies reduc.....
Tags : Union Budget 2024, Corporate Tax, New Tax Regime
Finance Minister Nirmala Sitharaman Announces Union Budget 2024(23.07.2024)
Few highlights from the Union budget have been mentioned below:
1. Angel Tax abolished for all classes of investors
2. Comprehensive review of Inc.....
Tags : Union Budget 2024, Corporate Tax, Angel Tax
Del. HC: No Mechanism to Assess or Collect Tax on Sponsorships in Entertainment Tax Act(08.08.2024)
Delhi High Court has observed that imposition of a tax on sponsorship under the Delhi Entertainments and Betting Tax Act, 1996 must fail in the absenc.....
Tags : Delhi High Court, Sponsorships, Entertainment Tax Act
Del. HC: Reassessment on the Basis of New Material Deprives Right of Taxpayer to Object(08.08.2024)
Delhi High Court has observed that if the ultimate decision to justify initiation of reassessment be based on entirely new or previously undisclosed m.....
Tags : Delhi High Court, Reassessment, Right of Taxpayer
SC: Acquittal Upheld in Cheque Dishonour Case for Contradiction in Statements of Complainant(09.08.2024)
SC has upheld acquittal of an accused in a cheque dishonor case on the ground that there was no financial capacity or acknowledgement in complainant’s.....
Tags : Supreme Court, Cheque Dishonor, Income Tax Returns
SC: Past Tax Dues on Mineral Rights Can be Recovered but Not for Period Before 1st April, 2005(14.08.2024)
Supreme Court has rejected the argument that power of States to charge tax dues on mineral rights should only be applied prospectively and clarified t.....
Tags : Supreme Court, Mineral Rights, Tax Dues
Madras HC: To Invoke PMLA, Mere Possession of Proceeds of Crime Sufficient(09.10.2024)
Bombay High Court while upholding the order by ITAT, has affirmed that Shri Sai Baba Sansthan Trust situated in Shirdi is eligible for exemption from .....
Tags : Bombay High Court, Sai Baba Sansthan, Income Tax
CESTAT: No Service Tax on Company for Payment of Rent if Premise Not Used for Commercial Purpose(22.07.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench has held that the service tax cannot be levied on the Company for the payment.....
Tags : CESTAT, Service Tax, Rent
Bombay HC: Entertainment Duty not leviable on Billiard Tables being Exclusively provided to Members(22.07.2022)
Bombay High Court has held that the entertainment duty cannot be levied on Billiard Tables as the services are exclusively provided to the Members of .....
Tags : Bombay High Court, Entertainment Tax, Billiard Table
Delhi HC: Explanation to Section 14A of Income Tax Act Will Not Apply Retrospectively(25.07.2022)
Delhi High Court has held that the Explanation to Section 14A of the Income Tax Act, 1961, added vide the Finance Act, 2022, cannot be presumed to be .....
Tags : Delhi High Court, Income-Tax Act, Retrospective
Delhi HC: Tax payment Software Has to be Tailor-Made According to Legal Rights of Taxpayers(25.07.2022)
Delhi High Court has held that the tax payment software has to be tailor-made according to the needs, aspirations, and legal rights of the taxpayers a.....
Tags : Delhi High Court, Tax Payers, Software
Del HC: If Reassessment Notice Issued During Lifetime of Deceased Assessee, Dept. Can Invoke S. 159(10.01.2025)
Delhi High Court has held that the Income Tax Department can invoke Section 159 of the Income Tax Act, 1961 for proceeding against the legal represent.....
Tags : Delhi High Court, Income Tax Department, Legal Representative
Del. HC: Can Condone Delay in Issuing Requisition u/s 132A of IT Act Due to Dept’s. Investigation(13.01.2025)
Delhi High Court has held that court can condone delay in issuing requisition under Section 132A of the Income Tax Act, 1961 if the delay has occurred.....
Tags : Delhi High Court, Condone Delay, Income Tax Department
SC: 2015 Amendment to S. 153C of IT Act Will have Retrospective Application(06.04.2023)
Supreme Court has held that amendment to Section 153C of Income Tax (IT) Act 1961 by Finance Act 2015 will retrospectively apply to searches conducted.....
Tags : Supreme Court, Income Tax, Section 153C, Retrospective Application
SC: CIT can Revise Erroneous Order by Assessing Officer Causing Prejudice to Revenue(10.04.2023)
Supreme Court has held that Commissioner of Income Tax (CIT) can while exercising his power of revision under Section 263 of Income-Tax Act, 1961, rev.....
Tags : Supreme Court, Income-Tax, CIT, Assessing Officer
Bom HC: Non-Disposal of Registration Application in 6 Months Would Not Result in Deemed Registration(24.10.2024)
Bombay High Court has clarified that non-disposal of application for registration by granting or refusing registration, before the expiry of six month.....
Tags : Bombay High Court, Income Tax Act, Registration
Bom. HC: Writing Off Bad Debt Can’t be Considered as Asset u/s 153A(1) of IT Act(07.09.2023)
Bombay High Court has held that writing-off of a bad debt cannot fall within the ambit of “income, represented in the form of an asset” under Section .....
Tags : Bombay High Court, Bad Debt, Asset, Income-Tax Act
Del. HC: Union to Inform about Regulatory Mechanism to Ensure Taxi Apps are Disabled Friendly(25.03.2025)
Del. HC has directed the Union Government to file an affidavit to place on record the regulatory mechanism that is in place to ensure that taxi applic.....
Tags : Delhi High Court, Regulatory Mechanism, Taxi Apps
Ministry of Finance: Income Tax Officials Can’t Access E-mails, Bank Accounts of All Assesses(27.03.2025)
Ministry of Finance has informed that Income Tax officials cannot access the personal emails, Bank accounts of all the assesses. However, there are pr.....
Tags : Ministry of Finance, Income Tax Officials, Personal Emails
Supreme Court Disposes of Contempt Petition against Chhattisgarh Tax Authorities(01.04.2025)
Supreme Court after giving the benefit of doubt has disposed of a contempt petition filed against Chhattisgarh tax authorities which raised demand not.....
Tags : Supreme Court, Contempt Petition, Chhattisgarh Tax Authorities
ITAT, Mumbai: LTCG on Penny Stock Transaction Cannot be Denied Exemption(15.03.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that long term capital gains arising from a penny stock transaction cannot be denied exemption under t.....
Tags : Income Tax Appellate Tribunal, LTCG on Penny Stock Transaction
ITAT: Employers Must Deposit Contribution Towards EPF/ESI on Time to Avail IT Deduction(18.03.2023)
Income Tax Appellate Tribunal (ITAT), Delhi bench has held that employers have to deposit employees' contributions towards EPF/ESI on time to avail of.....
Tags : ITAT, EPF/ESI, Income Tax Deductions, EPF/ESI
SC: Dealers Not Allowed to Claim ITC for Purchases Linked To Exempt Sales under UPVAT Act(15.04.2025)
SC has observed that Section 13(7) of Uttar Pradesh Value Added Tax Act, 2008 sets out that no facility for input tax credit shall be allowed to a dea.....
Tags : Supreme Court, Input Tax Credit, UPVAT Act
SC Upholds Rajasthan HC’s Order Striking Down Rule 17(20) of Central Sales Tax (Rajasthan) Rules(18.04.2025)
SC while upholding Rajasthan HC's decision striking down Rule 17(20) of the Central Sales Tax (Rajasthan) Rules, 1957, has stated that State cannot fr.....
Tags : Supreme Court, Rajasthan High Court, Central Sales Tax
SC Upholds Constitutional Validity of Sec. 5A of Kerala GST Act & Section 7A of Tamil Nadu GST Act(14.05.2025)
Supreme Court has rejected the challenge to the constitutional validity of Section 5A of the Kerala General Sales Tax Act, 1963 and Section 7A of the .....
Tags : Supreme Court, Constitutional Validity, General Sales Tax