Franklin Joshva
Mankind Pharma Faces ₹2.27 Crore GST Penalty Over Alleged Reporting Discrepancies
Mankind Pharma Ltd, which holds top positions in the Pharma sector, disclosed that the Kolkata GST authorities imposed a penalty of Rs. 2.27 crore...
![Relief to TATA Beverages: CESTAT Rules SCN Issued in 2010 for Alleged IPR Service Invalid as Business Transfer Details Disclosed in 2005 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Kolkata-TATA-TATA-Global-Beverages-Ltd-taxscan.jpg "Relief to TATA Beverages: CESTAT Rules SCN Issued in 2010 for Alleged IPR Service Invalid as Business Transfer Details Disclosed in 2005 [Read Order]")
![Relief for TATA Steel: CESTAT Declares Excise Demand Notice Issued After 9.5 Years as Time-Barred, Exceeding 5 Years Limit- [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Kolkata-Customs-Excise-Service-Tax-Appellate-Tribunal-TAXSCAN.jpg "Relief for TATA Steel: CESTAT Declares Excise Demand Notice Issued After 9.5 Years as Time-Barred, Exceeding 5 Years Limit- [Read Order]")
![Municipal Corporation Engaged in Commercial Activities liable to Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-Service-Tax-liable-in-Commercial-Activities-Municipal-Corporation-Engaged-in-Commercial-Activities-taxscan.jpg "Municipal Corporation Engaged in Commercial Activities liable to Service Tax: CESTAT [Read Order]")
Dept denies Exemption for Wrongful CENVAT Credit use on Exempted Goods: CESTAT grants Relief as Excess Credit was reversed before SCN [Read Order]
The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) granted exemption from tax as the excess CENVAT credit was reversed before the show cause notice was issued to the...
![Dept denies Exemption for Wrongful CENVAT Credit use on Exempted Goods: CESTAT grants Relief as Excess Credit was reversed before SCN [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Kolkata-Cenvat-credit-Wrongful-CENVAT-Credit-on-Exempted-Goods-TAXSCAN.jpg "Dept denies Exemption for Wrongful CENVAT Credit use on Exempted Goods: CESTAT grants Relief as Excess Credit was reversed before SCN [Read Order]")
Services like Construction of Road, Bridge rendered to Government exempted from Tax: CESTAT quashes Demand Order [Read Order]
The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) quashed the demand order confirming that services like construction of roads, and bridges rendered to the Government...
![Services like Construction of Road, Bridge rendered to Government exempted from Tax: CESTAT quashes Demand Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Services-Construction-of-Road-Bridge-rendered-Government-exempted-Tax-CESTAT-Demand-Order-taxscan.jpg "Services like Construction of Road, Bridge rendered to Government exempted from Tax: CESTAT quashes Demand Order [Read Order]")
Dept Denies CENVAT Credit u/r 4 of CCR: CESTAT Confirms Eligibility Citing Complete Details Available in Bills/Invoices u/r 9(2) [Read Order]
The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) confirmed the appellant's eligibility for CENVAT Credit stating that complete details were available in...
![Dept Denies CENVAT Credit u/r 4 of CCR: CESTAT Confirms Eligibility Citing Complete Details Available in Bills/Invoices u/r 9(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-Kolkata-Customs-Excise-Service-Tax-Appellate-Tribunal-CENVAT-Credit-TAXSCAN.jpg "Dept Denies CENVAT Credit u/r 4 of CCR: CESTAT Confirms Eligibility Citing Complete Details Available in Bills/Invoices u/r 9(2) [Read Order]")
AO adds Rs. 24 lakhs u/s 69A Income Tax Act: ITAT confirms Agriculture Income, reduces addition to Rs. 2 lakhs to prevent Revenue Loss [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the income obtained from agriculture and reduced additions made by the Assessing officer to 2 Lakhs in order to prevent revenue...
![AO adds Rs. 24 lakhs u/s 69A Income Tax Act: ITAT confirms Agriculture Income, reduces addition to Rs. 2 lakhs to prevent Revenue Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Surat-Income-Tax-Act-Agriculture-Income-taxscan.jpg "AO adds Rs. 24 lakhs u/s 69A Income Tax Act: ITAT confirms Agriculture Income, reduces addition to Rs. 2 lakhs to prevent Revenue Loss [Read Order]")
Exchange Gain can be Adjusted from Total Income by Reducing it from Block of Assets u/s 43A and ICDS: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) held that exchange gain can be adjusted from total income by reducing it from the block of assets under section 43A of the Income Tax Act...
![Exchange Gain can be Adjusted from Total Income by Reducing it from Block of Assets u/s 43A and ICDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Income-Tax-Section-43A-of-Income-Tax-Act-taxscan.jpg "Exchange Gain can be Adjusted from Total Income by Reducing it from Block of Assets u/s 43A and ICDS: ITAT [Read Order]")
CIT(A) cannot Direct Reopening u/s 150(1) if Time Limit beyond 6 years u/s 150(2) has Expired: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) held that CIT ( A ) could not be reopened under Section 150 of the Income Tax Act due to the expiry of the time limit of 6 years stated...
![CIT(A) cannot Direct Reopening u/s 150(1) if Time Limit beyond 6 years u/s 150(2) has Expired: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-Time-Limit-CITA-cannot-Direct-Reopening-taxscan.jpg "CIT(A) cannot Direct Reopening u/s 150(1) if Time Limit beyond 6 years u/s 150(2) has Expired: ITAT [Read Order]")
ITAT confirms Rs. 35.83 Lakh LTCG Addition, rejects Sauda Chitthi Claim for Enhanced Acquisition Cost due to Absence in Previous Financial Records [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of Rs. 35.83 lakh Long-Term Capital Gain to total income, rejecting Sauda Chitthi's claim for enhanced acquisition...
![ITAT confirms Rs. 35.83 Lakh LTCG Addition, rejects Sauda Chitthi Claim for Enhanced Acquisition Cost due to Absence in Previous Financial Records [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Long-Term-Capital-Gain-LTCG-addition-ITAT-taxscan.jpg "ITAT confirms Rs. 35.83 Lakh LTCG Addition, rejects Sauda Chitthi Claim for Enhanced Acquisition Cost due to Absence in Previous Financial Records [Read Order]")