The Income Tax Appellate Tribunal (ITAT) Pune bench consisting of Partha Sarathi Chaudhury, Judicial Member and Dr. Dipak P. Ripote, Accountant Member held that when there is no clear documentary evidence to prove the identity of the assessee the burden of proof lies on him claiming the benefit of being the assessee. The assessee was […]
The Income Tax Appellate Tribunal (ITAT) Hyderabad held that there is no bar for registration of a society even though it receives fund from foreign entity. The Bench consisted of K. Narsimha Chary, Judicial Member and Bhagirath Mal Biyani, Accountant Member. The judgment was passed ex parte taking into consideration the absence of representation from...
The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the compensation received under a statute for cancellation of coal blocks/mines vide an order of the Supreme Court, cannot be considered as a taxable service of tolerating a situation and is thus not exigible to Service Tax. The Bench, consisting […]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata bench has applied the “user-test” by allowing cenvat credit allowable on steel items setting up of sponge iron kiln along with power plant. The assessee, M/s. Aryan Ispat and Power Pvt. Ltd. is engaged in the manufacture of iron and steel items on which applicable...
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that the refund is allowable in respect of the services not listed as specified services approved by the Approval Committee under the SEZ Act. The appellants, INTAS Pharmaceuticals Ltd are located in SEZ and received some services for authorised operations. In terms […]
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular in relation to the amendment of sections 73 and 74 of the Central GST Acts. Vide Notification No. 02/2022-Central Tax dated 11th March, 2022, para 3A has been inserted in the Notification No. 2/2017-Central Tax dated 19th June, 2017, to empower Additional...
A two-judge bench of the Madras High Court has denied the benefit of exemption of urban land tax to Chennai Port Trust under the provisions of the Tamil Nadu Urban Land Tax Act of 1996. While considering an appeal filed by the State, Chief Justice Amreshwar Pratap Sahi and Justice Senthilkumar Ramamoorthy ruled that the […]
The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu and Kashmir. Earlier this month, the Union home ministry had empowered the union territory’s administration to impose the property tax following an amendment […]
The Chhattisgarh High Court has granted anticipatory bail to a chartered accountant for the alleged involvement in financial irregularities in CA coaching institute The applicant, Mr. Ashish Shah is a Chartered Accountant and Company Secretary engaged in the profession of teaching students who aspire to become Chartered Accountant. The complainant, Managing Director of a Coaching […]
Tuesday15th June, our next webinar under our SIMPLIFIED banner on the subject ‘Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward’ will be held between 5:00 PM and 7:00 PM. CA. NAVJOT SINGH will be our guest speaker for this webinar aimed at professionals and students alike. He has been an […]
Next Saturday, on 5th June, Taxscan is will be conducting the next program under our SIMPLIFIED banner. The Webinar will be on SEBI’s Proposed changes to the Framework of Promoters, Promoter Group & Independent Directors. CS Gaurav Pingle will be the speaker at this webinar aimed at professionals and students alike. Gaurav Pingle is an […]
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