5 Major Amendments for Investors: Budget 2023
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has while directing re -adjudication observed that kidney failure has a reasonable cause for non-compliance during assessment proceeding. Assessee Sunil Kumar Garg, carrying the business of trading of menthol oil and when the assessment proceedings carried out the assessing officer found that the list of sundry creditors included […]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that electricity load extension charges are allowable as expenditure. Assessee Tewari Warehousing Co. Pvt. Ltd is a private limited company engaged in the business of loading, unloading, blending and packing of raw tea. After filing the return assessee’s Case selected for scrutiny Assessment […]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Mumbai Bench allowed Cenvat Credit of Service Tax paid on services of Toilets located in Port User Building. The appellants, M/s Jawaharlal Neharu Port Trust, are providing port services and also providing facility of toilets to the users of port services. Service Tax is […]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), remanded back matter for consideration of documentary evidence and departmental records in a case regarding service tax refund. The appellant in the present matter is M/s. Acclaris Business Solutions Private Ltd. The Counsel appearing on behalf of the appellant submitted that they […]
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