The Supreme Court is to decide whether Cash qualifies as ‘Thing’ for the purposes of Section 67(2) of Goods and Services Tax ( GST Act ). A bench comprising Justices J.B. Pardiwala and R. Mahadevan

The Income Tax Appellate Tribunal ( ITAT ), Chennai Bench, ruled that the belated filing of Form 67 cannot serve as a valid ground for denying Foreign Tax Credit (FTC) to a taxpayer. The order

This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan.in during 2024. Change of Opinion is not reason to believe

The Income Tax Appellate Tribunal ( ITAT ) Delhi bench has remanded a notice and demand order issued to e-mail ID different than that of the assessee who had limited knowledge of Income Tax Portal,

75% Gross Profit Earned from Indian Operations: Delhi HC upholds Direction of the AO to Adopt Attribution Rate of Revenue THE COMMISSIONER OF INCOME TAX vs TRAVELPORT GLOBAL DISTRIBUTION SYSTEMS B.V 2024 TAXSCAN (HC) 192 Delhi

The Hp invited applications for the post Financial Analyst - Lease/Technical Accounting. Qualification First level university degree with a focus in business or economics; advanced degree or accounting certification (e.g., CA, CMA, CPA) strongly preferred.

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Commissioner of Income Tax(Appeals)[CIT(A)] to conduct a fresh hearing after dismissing the appeal for non-prosecution and imposed a ₹5,000 cost to be

In a recent ruling, the Bombay High Court sharply criticized the Income Tax Department for delays in processing tax refunds. The Court warned of the growing interest burden on public funds caused by such administrative

The Surat bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Jagdishbhai Karamshibhai Bodra, ordered for reassessment in the case of an alleged fraud case highlighting the importance of upholding

Penalties under the Central Excise Rules, 2002 are imposed for non-compliance with various provisions of the Central Excise Act, 1944. It was aimed to prevent evasion of duties, and maintain discipline in excise administration. Penalty

Have you heard about CHA? Becoming a Customs House Agent (CHA) in India involves a series of steps, as mentioned under the Customs Broker Licensing Regulations (CBLR), 2018. A CHA is referred to as a

Unexplained cash deposits have been a focal point of scrutiny in the Indian income tax framework. Section 69A of the Income Tax Act, 1961, is a crucial provision empowering tax authorities to tax unaccounted assets,

The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) remanded Power Equipment Company's case to the Commissioner of Income Tax (Appeals) CIT(A), National Faceless Appeal Centre ( NFAC )  for re-examination of the

Recently, The New Delhi Bench of Income Tax Appellate Tribunal(ITAT) set aside the denial of exemption under sections 11 and 12 of the Income Tax Act,1961 by the Commissioner of Income Tax (Appeals). Sufi Kathak

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan from 30 November 2024 to 6 December 2024. ITAT Remands Case to CIT(A) for