Devanand T R
DEVANAND T R is an Advocate and IPR Attorney. He’s a graduate in Law and a postgraduate in Commerce. His professional focus lies in Accounts, Taxation and Intellectual Property Rights, especially GST and Trademarks. He’s interested in legal research and passionate about legal journalism.
![Cancellation & Revocation of Central Excise Registration Infructuous and Meaningless in light of Introduction of GST Regime: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cancellation-Revocation.-Central-Excise-Registration-Infructuous-Meaningless-GST-Regime-Introduction-of-GST-Regime-gst-CESTAT-taxscan.jpg "Cancellation & Revocation of Central Excise Registration Infructuous and Meaningless in light of Introduction of GST Regime: CESTAT [Read Order]")
Cancellation & Revocation of Central Excise Registration Infructuous and Meaningless in light of Introduction of GST Regime: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai bench has held that the Cancellation and Revocation of Central Excise...
![Assessee Not an ”Assessee in Default” u/s 201(1) of Income Tax Act in absence of Ascertainable Amount & Identifiable Payee: ITAT Rules TDS Not Applicable on Provisions for Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-absence-of-Ascertainable-Amount-Identifiable-Payee-ITAT-Rules-TDS-Not-Applicable-Provisions-for-expenses.jpg "Assessee Not an ”Assessee in Default” u/s 201(1) of Income Tax Act in absence of Ascertainable Amount & Identifiable Payee: ITAT Rules TDS Not Applicable on Provisions for Expenses [Read Order]")
![Cash Deposit Not Deemed Unexplained u/s 144 r/w 147 of Income Tax Act Without Reasonable Opportunity to Prove Source: ITAT affirms Substantial Justice & Fair Play [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposit-Not-Deemed-Unexplained-Income-Tax-Act-ITAT-affirms-Substantial-Justice-Fair-Play-taxscan.jpg "Cash Deposit Not Deemed Unexplained u/s 144 r/w 147 of Income Tax Act Without Reasonable Opportunity to Prove Source: ITAT affirms Substantial Justice & Fair Play [Read Order]")
![Disallowance of Expenditure u/s 40(a)(ia) of Income Tax Act for Non-Deduction of TDS restricted to 30% Considering Curative Nature of Amendment to Finance Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-of-Expenditure-Diallowance-Income-Tax-Act-Non-Deduction-TDS-restricted-ITAT-TAXSCAN.jpg "Disallowance of Expenditure u/s 40(a)(ia) of Income Tax Act for Non-Deduction of TDS restricted to 30% Considering Curative Nature of Amendment to Finance Act: ITAT [Read Order]")
![Absence of Formal Loan Agreement or Repayment Schedule Does Not Justify Treating Unsecured Loan as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/loan-agreement-unsecured-loan-unexplained-cash-credit-itat-income-tax-tax-absence-of-formal-loan-agreement-treating-unsecured-loan-as-unexplained-cash-credit-cash-credit-taxscan.jpg "Absence of Formal Loan Agreement or Repayment Schedule Does Not Justify Treating Unsecured Loan as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
Commonality or Common Ownership Without Element of Deceit or Fraud not Sufficient for "Lifting Corporate Veil" & Establishing "Alter Ego": Bombay High Court Distinguishes NYK Line & NYK Theseus Corporation
The High Court of Bombay has delivered a significant ruling on the issue of “lifting the corporate veil”. The Bombay High Court has distinguished NYK Line and NYK Theseus Corporation on the...
Shares Issued for Premium above FMV Taxable for Closely-held Company under Income from Other Sources u/s 56(2)(viib) of Income Tax Act, exempt for Investor: ITAT
The Income Tax Appellate Tribunal (ITAT), Patna Bench has held that the differential amount received by way of the issue of shares for a Premium above the Fair Market Value (FMV) shall be taxable for...
No Service Tax on Administrative Charges received by Coal Mines Provident Fund Organization in Absence of Service Provider-Service Recipient Relationship & Consideration: CESTAT
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Kolkata, has held that there is no Service Tax implication on the Administrative Charges received by the Coal Mines Provident Fund...
Charitable Trust Registration Rejected Without Fair Hearing Opportunity: ITAT orders Reconsideration [Read Order]
The Income Tax Appellate Tribunal (ITAT), Amritsar Bench has invalidated the rejection of the application for registration of Charitable Trust observing that the assessee was not offered a fair and...
![Charitable Trust Registration Rejected Without Fair Hearing Opportunity: ITAT orders Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Charitable-Trust-Registration-Rejected-Without-Fair-Hearing-Opportunity-ITAT-TAXSCAN.jpg "Charitable Trust Registration Rejected Without Fair Hearing Opportunity: ITAT orders Reconsideration [Read Order]")
Addition of Rental Income under "Income from Other Sources" Invalid as already declared under "Income from House Property": ITAT Strikes Down Double Taxation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench has invalidated the addition of rental income under the head "Income from Other Sources" wherein the assessee has already offered the same...
![Addition of Rental Income under Income from Other Sources Invalid as already declared under Income from House Property: ITAT Strikes Down Double Taxation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Invalid-as-already-declared-under-Income-from-House-Property-ITAT-Strikes-Down-Double-Taxation-TAXSCAN.jpg "Addition of Rental Income under Income from Other Sources Invalid as already declared under Income from House Property: ITAT Strikes Down Double Taxation [Read Order]")