Saagarika Gopinath
Final year BBA LLB( Hons) law student at Government Law College
55th GST Council Meeting exempts IGST on IAEA Samples subjects to Specific Conditions
The Union Finance Minister Nirmala Sitharaman chaired the 55th meeting of the GST Council today on 21-12-24 at Jaisalmer, Rajasthan. The press...
![ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-disallowance-Unexplained-Share-Premium-Financial-Year-Ahmedabad-bench-of-the-Income-Tax-Appellate-Tribunal-Share-Premium-Fluctuation-assessing-officer-income-tax-returns-Taxscan.jpg "ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]")
![S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Income-Tax-News-section-263-Taxscan.jpg "S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]")
![ITAT Condones 244 days Delay, Restores Ex-Parte Order to AO for Fresh Adjudication due to Genuine Hardships Faced by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Condones-244-days-Delay-Ex-Parte-Order-AO-Fresh-Adjudication-Genuine-Hardships-Faced-Assessee-taxscan.jpg "ITAT Condones 244 days Delay, Restores Ex-Parte Order to AO for Fresh Adjudication due to Genuine Hardships Faced by Assessee [Read Order]")
![Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2024/12/Adani-Power-limited-Income-Tax-Income-tax-re-assessment-Delay-in-filing-SLP-Taxscan.jpg "Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]")
CESTAT grants relief to Citizen Credit Co-Op Bank: Cenvat Credit Allowed on DICGC Insurance Premium as Input Service in banking operations [Read Order]
In a recent ruling, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has ruled that the bank can claim Cenvat credit on the service tax paid for deposit insurance premium to the...
![CESTAT grants relief to Citizen Credit Co-Op Bank: Cenvat Credit Allowed on DICGC Insurance Premium as Input Service in banking operations [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-grants-relief-Cenvat-Credit-DICGC-DICGC-Insurance-Premium-Input-Service-in-banking-operations-Customs-Excise-Customs-Exciseand-Service-Tax-Appellate-Tribunal-Taxscan.jpg "CESTAT grants relief to Citizen Credit Co-Op Bank: Cenvat Credit Allowed on DICGC Insurance Premium as Input Service in banking operations [Read Order]")
Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]
The Nagpur bench of the Income Tax Appellate Tribunal ( ITAT ) held that interest income from a co-operative Bank qualifies as business income and allowed the co-operative society to claim deduction...
![Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Interest-Income-Co-operative-Bank-Business-Income-ITAT-Co-operative-Society-Deduction-taxscan.jpg "Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]")
![Interest u/s 234C to be Calculated on Tax Due as Per Returned Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Nagpur-Tax-Due-Interest-Taxscan.jpg "Interest u/s 234C to be Calculated on Tax Due as Per Returned Income: ITAT [Read Order]")
Losses from One Unit Need not Offset Profits of Another for Section 80-IB Deduction: ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the losses from one industrial unit need not offset the profits of another for section 80-IB deduction...
![Losses from One Unit Need not Offset Profits of Another for Section 80-IB Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Section-80-IB-Deduction-Income-Tax-Act-Profits-taxscan.jpg "Losses from One Unit Need not Offset Profits of Another for Section 80-IB Deduction: ITAT [Read Order]")
Extended Limitation Period u/s 11A of Central Excise Act not Applicable as Books of Accounts Properly Maintained: CESTAT grants Relief to Coco Cola [Read Order]
In a recent ruling, the Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) ruled in favor of Coca-Cola Beverages and held that the extended limitation period under...
![Extended Limitation Period u/s 11A of Central Excise Act not Applicable as Books of Accounts Properly Maintained: CESTAT grants Relief to Coco Cola [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-Mumbai-section-11A-of-Central-Excise-act-Books-of-Accounts-Taxscan.jpg "Extended Limitation Period u/s 11A of Central Excise Act not Applicable as Books of Accounts Properly Maintained: CESTAT grants Relief to Coco Cola [Read Order]")
Long-Term Capital Gains cannot be deemed Bogus as AO fails to prove Price Rigging: ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that in the present case, long-term capital gains cannot be deemed bogus as the assessing officer (Â AO ) fails...
![Long-Term Capital Gains cannot be deemed Bogus as AO fails to prove Price Rigging: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Mumbai-Income-Tax-Income-Tax-News-Long-Term-Capital-Gains-Taxscan.jpg "Long-Term Capital Gains cannot be deemed Bogus as AO fails to prove Price Rigging: ITAT [Read Order]")