first.....Tags : Income tax, simplification, recommendations
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Kar. HC Issues Notice to State on Challenge to Order that Bike Aggregators Can’t Operate in State(16.06.2025)
Kar. HC has issued notice to State government and others on appeals challenging an order passed by the Single Judge holding that bike taxi aggregators.....
Tags : Karnataka High Court, State Government, Bike Taxi Aggregators
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
Clarification regarding taxability of consortium members(07.03.2016)
The Central Board of Direct Taxes moved to dispel ambiguities behind treatment of consortiums as an ‘Association of Persons’ for the purposes of taxat.....
Tags : Association of persons, consortium, taxability
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Clarifications on Income Declaration Scheme, 2016(27.06.2016)
The Central Board of Direct Taxes issued further clarifications to the recently announced Income Tax Declaration Scheme, 2016.
Elaborations.....
Tags : income tax, black money, declaration, clarifications
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Income-tax (3rd Amendment) Rules, 2016(01.03.2016)
The Central Board of Direct Taxes notified Income-tax (3rd Amendment) Rules, 2016 amending the Income-tax Rules, 1962. The Rules substitute provisions.....
Tags : income tax, appeal, form 35
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Karnataka HC: Women Commuters Oppose Ban on Bike Taxis in Karnataka(03.07.2025)
In appeals filed by bike taxi aggregators Ola, Uber and Rapido in the Karnataka High Court, women commuters have opposed the ban on bike taxis in Karn.....
Tags : Karnataka High Court, Women Commuters, Bike Taxis
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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,
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
‘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
read»
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
read»
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
read»
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
read»
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
read»
Government extends due date for filing of Income Tax Returns from 30th September, 2016 to 17th October, 2016(12.09.2016)
The due date for filing of Income tax returns by tax payers whose accounts are required to be audited under the Income Tax Act is the 30th September o.....
Tags : Income Tax Returns, Filing, Extension of date
read»
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
read»
Draft to determine company’s ‘Place of Effective Management’(23.12.2015)
The Ministry of Finance has released draft guidelines proposing principles to determine the ‘place of effective management’ of a company, for the purp.....
Tags : Income tax, company, effect management, draft, principles
read»
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
read»
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
read»
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
read»
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
read»
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)
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
J&K HC: Without Proof of Living & Earning Tax Exemption U/S 10(26) Not Allowed(28.05.2025)
Jammu and Kashmir and Ladakh High Court has clarified that to avail benefits of tax exemption under Section 10(26) of the Income Tax Act, 1961 an asse.....
Tags : J&K High Court, Tax Exemption, Section 10(26)
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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.
read»
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
read»
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
read»
#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
read»
Filing of Revised Income Tax Returns by the Tax Payers Post De-Monetisation of Currency(14.12.2016)
Under the existing provisions of Section 139(5) of the Income-tax Act, 1961 ('Act'), Revised Return can only be filed if any person, who has filed a r.....
Tags : Income Tax, Returns, Filing
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Tax exemption to industry and commerce sectors(02.08.2016)
Various tax concessions in the form of exemptions/ deductions etc. have been provided under the Income-tax Act, 1961 which have been availed by differ.....
Tags : Custom duty, Excise duty, Tax Concession
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Karnataka HC: Bike Owners File Appeal Banning Operation of Bike Taxis in the State(25.06.2025)
Two bike owners have filed appeals in the Karnataka High Court against banning operation of Bike Taxis in the State and argued that the ban has been d.....
Tags : Karnataka High Court, Bike Taxis, Commuters
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
DTAA agreement with Maldives for international air transport(22.02.2016)
The Union Cabinet approved entering into an agreement with the Maldives for the avoidance of double taxation of income from international air transpor.....
Tags : Double taxation, avoidance, Maldives, airlines
read»
# 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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
Point of Taxation (Amendment) Rules, 2016(01.03.2016)
The Ministry of Finance notified the Point of Taxation (Amendment) Rules, 2016 amending the Point of Taxation Rules, 2011. Among other changes, the ne.....
Tags : service tax, point of taxation
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Supreme Court Upholds Constitutional Validity of Kerala's Luxury Tax on Cable TV(23.05.2025)
Supreme Court has upheld Kerala luxury tax as constitutionally valid and affirmed the state's power to tax cable TV services under Entry 62 of State L.....
Tags : Supreme Court, Kerala Luxury Tax, Constitutional Validity
read»
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
read»
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
read»
Bom. HC: Advance to Shareholder Not Used for Company’s Business Will be Treated as Deemed Dividend(18.08.2025)
Bombay HC has ruled that advances given by a company to a shareholder, if not proven to be used for the company’s business, will be treated as deemed .....
Tags : Bombay High Court, Income Tax Act, Section 2(22)(e), Deemed Dividend, Shareholder Advance
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
Clarification of 'initial assessment year' in Section 80IA (5) of the IT Act(15.02.2016)
The Central Board of Direct Taxes issued a clarification to the ‘initial assessment year’ for the purposes of Section 80IA(5) of the Income Tax Act, 1.....
Tags : Income tax, initial assessment year, deduction claim
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
CBDT Initiatives for reducing tax litigation(15.12.2015)
The Central Board of Direct Taxes released a Circular revising monetary limits for filing of appeals by the Department with the objective of reducing .....
Tags : Cbdt, tax appeal, revised limits
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)
The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....
Tags : Income tax, payment, agency banks, march
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
Income Tax Rules on Fund Manager regime(15.03.2016)
The Central Board of Direct Taxes released the Income-Tax (5th Amendment) Rules, 2016 providing guidelines for the application of Section 9A of the In.....
Tags : Fund manager, offshore, income tax
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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,
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Calcutta HC: Purchase Order Including Arbitration Agreement to Prevail Over Tax Invoice Lacking it(04.07.2025)
Calcutta High Court has observed that the terms and conditions of the purchase order including the arbitration agreement will prevail over and superse.....
Tags : Calcutta High Court, Arbitration Agreement, Tax Invoice
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Service Tax (Amendment) Rules, 2016(01.03.2016)
The Ministry of Finance notified Service Tax (Amendment) Rules, 2016 to amend Service Tax Rules, 1994. Amongst the changes is a substitution in the tr.....
Tags : service tax, partnership, advocates, deadline
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
OECD global reforms to curb tax avoidance by MNCs(06.10.2015)
The OECD’s tax reforms, ‘Base Erosion and Profit Shifting’, to help close loopholes that allow companies avoid tax by moving profits to low-tax jurisd.....
Tags : Oecd, tax, multi national, treaty shopping
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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)
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
HP HC: Cannot Treat Amount Deposited Under Protest as Admission of Tax Liability(24.06.2025)
Himachal Pradesh High Court has held that once a taxpayer has deposited an amount 'under protest', the same could not have been considered to be an ad.....
Tags : HP High Court, Tax Liability, Taxpayer
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
A treaty is binding upon each party in respect of its entire territory unless a different intention is expressed(16.10.2019)
The Appellants in present case are the executors of Mrs Beryl Coulter, who died in Jersey on 9 October 2007, leaving her residuary estate on trust for.....
Tags : Inheritance tax, Relief, Entitlement
read»
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
read»
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
read»
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,
read»
#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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
Service in relation to IT Software exempt from service tax(01.03.2016)
The Ministry of Finance exempted services in relation to Information Technology Software leviable to service tax under Section 66B read with section 6.....
Tags : service tax, information technology, record, exempt
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
ITR Filing Date Extended from 31st July to 15th September(28.05.2025)
Central Board of Direct Taxes has extended the due date for filing Income Tax Return (ITR) from 31st July 2025 to 15th September 2025 to facilitate sm.....
Tags : CBDT, Income Tax Return, Taxpayers
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
IT dues payable in advance at authorised bank branches(16.05.2016)
Advance income tax can be paid at authorised banks instead of just with the Reserve Bank of India. Of the 29 banks authorised to acceptance tax remitt.....
Tags : Income tax, advance, authorised banks
read»
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
read»
Swachh Bharat Cess grafted onto service tax levy(16.11.2015)
In a flurry of notifications the Ministry of Finance announced the imposition of an additional 0.5 per cent Swachh Bharat levy on service tax, effecti.....
Tags : Swachh bharat, service tax, exempt
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
# 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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Income Tax Amendment Rules(27.06.2016)
The Central Board of Direct Taxes notified the 18th and 19th amendments to the Income Tax Rules 1962, introducing provisions for “foreign tax credit” .....
Tags : foreign tax credit, deduction
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
ITR-V verification pending? Now use EVC(09.05.2016)
The Central Board of Direct Taxes allowed taxpayers to verify their electronic returns by means of Electronic Verification Code.
As far bac.....
Tags : Income tax, verification, evc, itr-v
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
Report on Revenue Neutral Rate and Structure of Rates for GST(04.12.2015)
A Committee appointed by the Government to suggest tax rates under the common Goods and Services Tax framework for the whole country has released its .....
Tags : Committee report, goods and services, tax
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
#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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Tax on services received by apparel exporters in fabrication of garments(15.12.2015)
The Ministry of Finance has sought to clarify ambiguities regarding the applicability of service tax on services received by an apparel exporter from .....
Tags : Service tax, apparel, export, receipt
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
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
read»
# 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
read»
Cabinet approves protocol amending the agreement between India and Tajikistan for avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income(14.12.2016)
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the protocol amending the agreement between India and Tajikistan for.....
Tags : Protocol, Approval, Taxation
read»
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
read»
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
read»
SC: Restriction u/s 80-IA(9) of the Income Tax Act, 1961 is Not on Computing the Total Gross Income(22.05.2025)
Delhi HC has observed that the restriction under sub-section (9) of Section 80-IA of the Income Tax Act, 1961 is not on computing the total gross inco.....
Tags : Delhi High Court, Income Tax Act, Total Gross Income
read»
NCLAT: Cannot Withhold Income Tax Refund Received by Bank During CIRP In CD's Account(11.07.2025)
NCLAT New Delhi bench has held that during the Corporate Insolvency Resolution Process, Income Tax Refund received by the bank in the corporate debtor.....
Tags : NCLAT New Delhi, Income Tax Refund, Corporate Debtor
read»
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
read»
Delhi HC: Income Tax Evasion Complaint Not Premature Despite Pending Reassessment(12.08.2025)
Delhi HC has held that pending reassessment does not bar prosecution under Sections 276-C/277 of the Income Tax Act. The complaint by an authorised of.....
Tags : Delhi High Court, Income Tax Act, Tax Evasion, Criminal Prosecution, Neena Bansal Krishna
read»