Ashkar Tovarishch
![Family Business of Money Lending for 20 Years: ITAT upholds Addition of Excess Income as ‘Business Income’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Money-Lending-Income-Tax-Appellate-Tribunal-ITAT-Chennai-Family-Business-Business-Income-taxscan.jpg "Family Business of Money Lending for 20 Years: ITAT upholds Addition of Excess Income as ‘Business Income’ [Read Order]")
Family Business of Money Lending for 20 Years: ITAT upholds Addition of Excess Income as ‘Business Income’ [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (I TAT ) upheld the addition of excess income as 'business income' for a family engaged in the...
![Interest Paid on Borrowings to Acquire Property deductible from Sale Consideration: ITAT directs to Re-Compute Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Appellate-Tribunal-ITAT-ITAT-chennai-Capital-Gain-Long-Term-Capital-Gains-taxscan.jpg "Interest Paid on Borrowings to Acquire Property deductible from Sale Consideration: ITAT directs to Re-Compute Capital Gain [Read Order]")
![Penalties u/s 269SS and 269T cannot be Levied on Company for Receipt/ Repayment of Cash Loans from Directors out of Business Exigency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/site-img-22.jpg "Penalties u/s 269SS and 269T cannot be Levied on Company for Receipt/ Repayment of Cash Loans from Directors out of Business Exigency: ITAT [Read Order]")
![Averments without Providing Nature of Service and Classification of Taxpayer in SCN is Vague: CESTAT upholds Rs. 9 Cr Service Tax Demand Drop [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Service-Tax-Demand-Service-Tax-CESTAT-CESTAT-upholds-Show-Cause-Notice-CESTAT-hyderabad-taxscan.jpg "Averments without Providing Nature of Service and Classification of Taxpayer in SCN is Vague: CESTAT upholds Rs. 9 Cr Service Tax Demand Drop [Read Order]")
![CENVAT Credit availed instead of Refund and Utilised for Paying Excise Duty: CESTAT sets aside Recovery Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Paying-Excise-Duty-CESTAT-Customs-Excise-Service-Tax-Appellate-Tribunal-CENVAT-credit-Allahabad-Bench-Recovery-Order-taxscan.jpeg "CENVAT Credit availed instead of Refund and Utilised for Paying Excise Duty: CESTAT sets aside Recovery Order [Read Order]")
Nimbooz Masala Soda Subject to 6.18% Excise Duty, Not 12.6%: CESTAT Rules in Favor of PepsiCo Franchise [Read Order]
The Kolkata Eastern Zonal Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has ruled that ‘Nimbooz Masala Soda’ is subject to an excise duty of 6.18% and not 12.36%,...
![Nimbooz Masala Soda Subject to 6.18% Excise Duty, Not 12.6%: CESTAT Rules in Favor of PepsiCo Franchise [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/nimbooz-nimbooz-masala-soda-excise-duty-tax-news-cestat-Customs-Excise-and-Service-Tax-Appellate-Tribunal-pepsico-pepsico-franchise-excise-duty-news-taxscan.jpg "Nimbooz Masala Soda Subject to 6.18% Excise Duty, Not 12.6%: CESTAT Rules in Favor of PepsiCo Franchise [Read Order]")
Gold cannot be Confiscated without Proof of Foreign Marking or Smuggling u/s 123 of Customs Act: CESTAT sets aside Order [Read Order]
The Kolkata Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has determined that gold cannot be confiscated without concrete proof of foreign marking or smuggling. The case...
![Gold cannot be Confiscated without Proof of Foreign Marking or Smuggling u/s 123 of Customs Act: CESTAT sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/cestat-taxnews-gold-smuggling-customs-act-customs-news-cestat-news-Customs-Excise-and-Service-Tax-Appellate-Tribunal-taxscan.jpg "Gold cannot be Confiscated without Proof of Foreign Marking or Smuggling u/s 123 of Customs Act: CESTAT sets aside Order [Read Order]")
Denial of Opportunity for Oral Hearing u/s 75(4) of GST Act: Allahabad HC sets aside Demand Order [Read Order]
The Allahabad High Court set aside a tax demand order against M/S Jain Medicals, citing the denial of an opportunity for an oral hearing as mandated under Section 75(4) of the U.P. GST Act, 2017. ...
![Denial of Opportunity for Oral Hearing u/s 75(4) of GST Act: Allahabad HC sets aside Demand Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Allahabad-High-Court-GST-GST-demand-order-Jain-Medicals-Case-taxscan.jpg "Denial of Opportunity for Oral Hearing u/s 75(4) of GST Act: Allahabad HC sets aside Demand Order [Read Order]")
Legal Heirs not liable for Deceased's Tax Obligations u/s 11A of Central Excise Act: CESTAT sets aside Order [Read Order]
The Kolkata Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has set aside the order imposing service tax liabilities on the husband of a deceased proprietor. The case arose...
![Legal Heirs not liable for Deceaseds Tax Obligations u/s 11A of Central Excise Act: CESTAT sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CESTAT-Tax-news-Service-Tax-Customs-Excise-Service-Tax-Appellate-Tribunal-TAXSCAN-1.jpg "Legal Heirs not liable for Deceaseds Tax Obligations u/s 11A of Central Excise Act: CESTAT sets aside Order [Read Order]")
No Interest Payable on Tax Deposited in Electronic Cash Ledger until Return Filing u/s 50 of GST Act: Gujarat HC [Read Order]
The Gujarat High Court has ruled that the tax amount credited to the government through the deposit of an electronic cash credit ledger by the petitioner should be considered a payment of tax. ...
![No Interest Payable on Tax Deposited in Electronic Cash Ledger until Return Filing u/s 50 of GST Act: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Interest-Payable-Tax-Deposited-Electronic-Cash-Ledger-Return-Filing-us-50-of-GST-Act-Gujarat-HC-.jpg "No Interest Payable on Tax Deposited in Electronic Cash Ledger until Return Filing u/s 50 of GST Act: Gujarat HC [Read Order]")
![CESTAT rules Payment made under Protest is Excise Duty u/s 11B, Not Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CESTAT-Excise-Duty-CESTATChennai-Central-Excise-Act-Service-Tax-Appellate-Tribunal-Section-11B-of-the-Central-Excise-Act-taxscan.jpg "CESTAT rules Payment made under Protest is Excise Duty u/s 11B, Not Deposit [Read Order]")