Aiswarya Krishnadas
GST Council Decision grants Major Relief to Insurance Sector, ₹20k Cr Demand Notices to be dropped
In a major relief to insurance companies in India, the GST council has recommended significant measures, proposing that the co-insurance premium...
![Section 56 (2)(vii) not Applicable to Non-Resident: ITAT deletes Income Tax Addition of Rs. 9.31 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-ITAT-delhi-Section-56-2vii-Income-Tax-Appellate-Tribunal-non-applicability-Income-Tax-Addition-taxscan.jpg "Section 56 (2)(vii) not Applicable to Non-Resident: ITAT deletes Income Tax Addition of Rs. 9.31 Cr [Read Order]")
![Taxpayer Avails Assessment u/s 44 AD without maintaining Regular Day Books of Account: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Day-to-day-regular-books-of-account-Taxpayer-Appeal-Regular-books-of-account-taxscan.jpg "Taxpayer Avails Assessment u/s 44 AD without maintaining Regular Day Books of Account: ITAT dismisses appeal [Read Order]")
![Cash Deposit Made in Bank Account Stands Thoroughly and Properly Explained: ITAT Deletes Addition of Rs. 7.43 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-tax-appellate-tribunal-income-tax-act-income-tax-Tax-news-TAXSCAN.jpg "Cash Deposit Made in Bank Account Stands Thoroughly and Properly Explained: ITAT Deletes Addition of Rs. 7.43 Crore [Read Order]")
![Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/tax-news-taxpayer-agriculture-income-itat-itat-news-Income-Tax-Appellate-Tribunal-explanation-and-Documentary-Evidence-for-Agricultural-Income-TAXSCAN.jpg "Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]")
Failure to meet Obligations under Regulation 10 (e) CBLR: CESTAT rules partial Forfeiture of Security Deposit [Read Order]
The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) ruled that failure to meet obligations under regulation 10 (e) of Customs Broker License Management ( CBLR )...
![Failure to meet Obligations under Regulation 10 (e) CBLR: CESTAT rules partial Forfeiture of Security Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CESTAT-CESTAT-Mumbai-CBLR-Security-Deposit-Customs-Broker-License-Management-Customs-Excise-taxscan.jpg "Failure to meet Obligations under Regulation 10 (e) CBLR: CESTAT rules partial Forfeiture of Security Deposit [Read Order]")
![Non-Deduction of TDS u/s 40(a)(ia) of Income Tax Act: ITAT confirms Addition of Rs 10.8 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-TDS-Non-Deduction-of-TDS-Income-Tax-Appellate-Tribunal-Tax-Deducted-at-Source-TDS-Non-Deduction-taxscan.png "Non-Deduction of TDS u/s 40(a)(ia) of Income Tax Act: ITAT confirms Addition of Rs 10.8 Lakhs [Read Order]")
Bombay HC Quashes IGST Refund Rejection Order, Accepts 25-Day Delay Condonation Request Considering Nascent Stage of GST Regime [Read Order]
The division bench, comprising Justice K.R. Shriram and Justice Jitendra Jain of the Bombay High Court, quashed the Integrated Goods and Service Tax ( IGST ) refund rejection order and accepted the...
![Bombay HC Quashes IGST Refund Rejection Order, Accepts 25-Day Delay Condonation Request Considering Nascent Stage of GST Regime [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Bombay-High-Court-GST-regime-Integrated-Goods-and-Service-Tax-Bombay-High-court-Quashes-IGST-nascent-stage-of-the-GST-regime-taxscan.jpg "Bombay HC Quashes IGST Refund Rejection Order, Accepts 25-Day Delay Condonation Request Considering Nascent Stage of GST Regime [Read Order]")
Relief to Hindustan Aeronautics: CESTAT sets aside service Tax on license fees and other Incidental Expenses paid to Foreign Company [Read Order]
The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT) has provided relief to Hindustan Aeronautics by setting aside the service tax on license fees and other...
![Relief to Hindustan Aeronautics: CESTAT sets aside service Tax on license fees and other Incidental Expenses paid to Foreign Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CESTAT-service-Tax-Tax-CESTAT-kolkata-service-tax-license-fees-TAXSCAN.jpg "Relief to Hindustan Aeronautics: CESTAT sets aside service Tax on license fees and other Incidental Expenses paid to Foreign Company [Read Order]")
![S. 28 Customs Act Conditions unsatisfied: CESTAT quashes Limitation barred Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CESTAT-CESTAT-Mumbai-Limitation-Barred-Rules-Section-28-of-Customs-Act-Customs-Excise-and-Service-Tax-Appellate-Tribunal-taxscan.jpg "S. 28 Customs Act Conditions unsatisfied: CESTAT quashes Limitation barred Order [Read Order]")
Royalty and License Fees are not addable in Transaction value of Imported Parts and Components: CESTAT [Read Order]
The Kolkata bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) ruled that royalty and license fees are not addable to the transaction value of imported parts and components. ...
![Royalty and License Fees are not addable in Transaction value of Imported Parts and Components: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CESTAT-Royalty-and-License-Fees-Transaction-Value-customs-and-excise-royalty-on-imported-parts-license-fees-on-importedparts-taxscan.jpg "Royalty and License Fees are not addable in Transaction value of Imported Parts and Components: CESTAT [Read Order]")