Taxscan | Simplifying Tax Laws

Cast Iron - Documentary Evidence - Calcutta HC - ITAT - taxscan

‘Cast Iron’ Documentary Evidence of Identity and Banking Flow Discharges Onus: Calcutta HC Upholds ITAT Deletion u/s 68 [Read Order]

The Calcutta High Court has dismissed the Revenue’s appeal challenging the deletion of an addition of Rs. 7,26,50,000/- made under Section 68 of the...

‘Cast Iron’ Documentary Evidence of Identity and Banking Flow Discharges Onus: Calcutta HC Upholds ITAT Deletion u/s 68 [Read Order]

No Seized Documents Supporting Findings of AO: ITAT Mumbai Deletes Estimated Additions on alleged...

Madras HC Dismisses Department's Appeal on Tax Holiday Deduction Computation u/s 80IA and 80HHC...

Summons u/s 70 CGST Act Held Valid: Bombay HC Court Rules No Illegal Detention, 10 lakh Compensation...

Madras HC Allows Deduction u/s 37 of Compensation Paid for Exchange Rate Fluctuation as Business...

How to Read a Health Insurance Policy Wording: Clauses That Change Your Claim Payout

Four-Wheeler Insurance Guide: Factors to Consider Before Buying

How can you Apply for a Personal Loan Online using Finnable App?

NCLT to Reconsider Rs. 92 Lakh Penalty Imposed for Non-Holding of AGMs Due to Directorial Deadlock:...

Summons u/s 70 CGST Act Held Valid: Bombay HC Court Rules No Illegal Detention, 10 lakh Compensation Plea Dismissed [Read Order]

Karnataka HC Quashes GST DRC-13 Issued to Company for Dues of Another Entity, Orders Refund [Read Order]

GSTR-2B Matching and Refund Eligibility: How “ITC as per 2B” Changes Refund Working

Purchaser Not Liable for Supplier’s Failure to Deposit GST: Tripura HC allows ITC, should Apply Reads Down Principle [Read Order]

GST Authority exempts security and cleaning services in government hospitals under Notification: AAR [Read Order]

‘Cast Iron’ Documentary Evidence of Identity and Banking Flow Discharges Onus: Calcutta HC Upholds ITAT Deletion u/s 68 [Read Order]

No Seized Documents Supporting Findings of AO: ITAT Mumbai Deletes Estimated Additions on alleged...

Reply Missed due to Income Tax Notices Served to Mail ID of Old Employee: Karnataka HC Gives...

Final Assessment Orders Passed u/s 144C(13) r.w.s. 153 are Without Jurisdiction: ITAT Quashes...

Penalty to be Levied on Tax Amount Sought to be Evaded: ITAT Reduces Penalty u/s 271(1)(c) After...

Service Tax Paid Under Partner’s PAN to Be Adjusted Against Firm’s Liability: CESTAT Partly Allows Appeal [Read Order]

Commission on Services to Foreign Universities Not ‘Intermediary Service’ under Rule 2(f): CESTAT Sets Aside Service Tax Demand [Read Order]

Service Tax Demand on Adda-fees under ‘BSS’ Category is Not Sustainable in Law: CESTAT [Read Order]

Service Tax on Bending, Bundling & Stock Verification Cannot be Levied under “Clearing & Forwarding” Head: Calcutta HC [Read Order]

Clearing & Forwarding Agent Liable to Pay Service Tax on Main Services & Transportation Charges: Calcutta HC [Read Order]

Use of Imported Helicopter for Non-Revenue Private Flights Violates Condition No. 104: CESTAT Upholds Confiscation [Read Order]

Service Tax Paid Under Partner’s PAN to Be Adjusted Against Firm’s Liability: CESTAT Partly Allows Appeal [Read Order]

Deposit to be Treated as Amount Illegally Retained by Department: CESTAT Orders 12% Interest on Refund u/s 11BB [Read Order]

No Fault with IO allowing Interest Rate at 12%: CESTAT Rejects appeal Contrary to Provisions of S. 11BB [Read Order]

Commission on Services to Foreign Universities Not ‘Intermediary Service’ under Rule 2(f): CESTAT Sets Aside Service Tax Demand [Read Order]

Electricity Wheeled to State Electricity Board Grid Amounts to Sale: CESTAT Denies CENVAT Credit on Fuel Used in Captive Power Plant [Read Order]

Service Tax Demand on Adda-fees under ‘BSS’ Category is Not Sustainable in Law: CESTAT [Read Order]

DGFT Clarifies Warehousing of Industrial Chemicals is Permitted Under FTP 2023 Para 2.36(a), Subject to Compliance [Read Notification]

12 Years Mortgage Limitation Under Article 62 Not Applicable to CIRP Claims: NCLT Applies 3 Years...

NCLAT Upholds Resolution Plan Payout to GNIDA, Rejects Objections on Section 30(2) and Valuation...

Share Capital Reduction u/s 66 a Matter of Domestic Concern of Company: NCLAT upholds Capital...

NCLAT Dismisses Plea to Revive CIRP After Corporate Debtor Clears Part IV Dues [Read Order]

No Grounds made out to Interfere with Impugned Order: NCLAT Upholds Rejection of Resolution Plan...

No Apparent Error to Interfere with Liquidation Proceedings: NCLAT Rejects Tax Claim Filed After...

E-Way Bill System Under GST: Know Penalties and Consequences of Non-Compliance

Auditing Cryptocurrency? know the basics and How to Report It

Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]

55th GST Council Meeting Recommendations: All You Need to Know

GST on Intermediary Services- Gamut of Clarifications and Litigations!!

Why and How Political Parties Get Income Tax Exemption?

How can Freelancers manage their Income by Optimising Income Tax?

Top Global Accounting Scandals Impacted Reputation of Big Accounting Firms

DGFT Clarifies Warehousing of Industrial Chemicals is Permitted Under FTP 2023 Para 2.36(a), Subject to Compliance [Read Notification]

12 Years Mortgage Limitation Under Article 62 Not Applicable to CIRP Claims: NCLT Applies 3 Years...

NCLAT Upholds Resolution Plan Payout to GNIDA, Rejects Objections on Section 30(2) and Valuation...

Share Capital Reduction u/s 66 a Matter of Domestic Concern of Company: NCLAT upholds Capital...

NCLAT Dismisses Plea to Revive CIRP After Corporate Debtor Clears Part IV Dues [Read Order]

Madras HC Dismisses Department's Appeal on Tax Holiday Deduction Computation u/s 80IA and 80HHC [Read Order]

Madras HC Allows Deduction u/s 37 of Compensation Paid for Exchange Rate Fluctuation as Business Expenditure [Read Order]

‘Test of Human Probability’ Cannot Disregard a Verified and Audited Paper Trail: Calcutta HC Upholds Deletion of ₹6.22 Cr Addition [Read Order]

Delhi HC Dismisses Revenue Appeals on India-Switzerland Treaty Issue in Light of Recent Ruling [Read Order]

MCA Slaps Penalty on Suzuki Motor Gujarat for S. 12 Violation after Official Liquidator Communication Returned [Read Order]

ACCA, CA, MBA, Vacancy In Deloitte

CA / CA (Inter) / CPA Vacancy in Deloitte

MBA Vacancy in BCG

CA Intern, MBA Vacancy in Wells Fargo

Get news delivered to your in-box. Subscribe to our newsletter.