Sunayana Dhal
![Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2009: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ghjk.jpg "Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2009: CESTAT [Read Order]")
Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2009: CESTAT [Read Order]
The Bangalore bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) held that the transfer of credit in case of closure of a...
![Reopening of Assessment u/s 147 cant be initiated when no Transfer took place on Account of JDA entered by Group of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Reopening-of-Assessment-Transfer-took-place-on-Account-of-JDA-entered-Group-of-Assessee-ITAT-TAXSCAN.jpg "Reopening of Assessment u/s 147 cant be initiated when no Transfer took place on Account of JDA entered by Group of Assessee: ITAT [Read Order]")
![Capital Gain u/s 47(xiii) cant be attracted on Failure to prove Existence of Firm and its Succession with Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Capital-Gain-Failure-to-prove-Existence-of-Firm-and-its-Succession-with-Company-ITAT-TAXSCAN.jpg "Capital Gain u/s 47(xiii) cant be attracted on Failure to prove Existence of Firm and its Succession with Company: ITAT [Read Order]")
![TDS cant be Deducted when EDCs have been Exempted from Category of Contractor by Rajasthan State Government’s Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/TDS-Deducted-when-EDCs-Category-Contractor-Rajasthan-State-Governments-Order-ITAT-TAXSCAN-1.jpg "TDS cant be Deducted when EDCs have been Exempted from Category of Contractor by Rajasthan State Government’s Order: ITAT [Read Order]")
Addition u/s 68 of Income Tax Act can't be made when Assessee Established Genuineness of Sundry Creditors: ITAT grants relief to Serco India [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Serco India and held that the addition under Section 68 of the Income Tax Act, 1961 cannot be made when the assessee...
![Addition u/s 68 of Income Tax Act cant be made when Assessee Established Genuineness of Sundry Creditors: ITAT grants relief to Serco India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Serco-India-Pvt.-Ltd-ITAT-Income-Tax-Act-grants-TAXSCAN.jpg "Addition u/s 68 of Income Tax Act cant be made when Assessee Established Genuineness of Sundry Creditors: ITAT grants relief to Serco India [Read Order]")
Agricultural Land purchased in Name of Wife Eligible for Capital Gain Deduction u/s 54B of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the agricultural land purchased in the name of the wife is eligible for capital gain deduction under Section 54B of the Income...
![Agricultural Land purchased in Name of Wife Eligible for Capital Gain Deduction u/s 54B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Agricultural-Land-purchase-Land-purchased-in-name-of-wife-Capital-Gain-Deduction-Agricultural-Land-Eligiblity-for-Capital-Gain-Deduction-taxscan.jpg "Agricultural Land purchased in Name of Wife Eligible for Capital Gain Deduction u/s 54B of Income Tax Act: ITAT [Read Order]")
Demand of Duty can't be sustained when Cenvat Credit Amount utilized in subsequent period and No loss has been made to Revenue: CESTAT [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the demand duty cannot be sustained when the cenvat credit amount is utilized in the subsequent period...
![Demand of Duty cant be sustained when Cenvat Credit Amount utilized in subsequent period and No loss has been made to Revenue: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Demand-of-Duty-Cenvat-Credit-loss-Revenue-CESTAT-TAXSCAN.jpg "Demand of Duty cant be sustained when Cenvat Credit Amount utilized in subsequent period and No loss has been made to Revenue: CESTAT [Read Order]")
Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2004: CESTAT [Read Order]
The Chennai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that the transfer of credit in case of closure of a factory is permissible in terms of rule 10 of...
![Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2004: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-CCR-Closure-of-factory-Transfer-of-Credit-Comprehensive-Credit-Reporting-Factory-taxscan.jpg "Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2004: CESTAT [Read Order]")
In Absence of Proof of Receipt of Order-in-Original to Appellant sent by Speed Post, same can't be held to have been Served: CESTAT [Read Order]
The Delhi bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that in the absence of proof of receipt of order-in-original to the appellant sent by speed post, the same...
Addition shall be made in respect of Employees Contribution to PF/ESI which has not been deposited within Stipulated Date: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the addition shall be made in respect of the employee’s contribution to Employee State Insurance (ESI) and Provident...
![Addition shall be made in respect of Employees Contribution to PF/ESI which has not been deposited within Stipulated Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Employee-State-Insurance-Provident-Fund-ITAT-PF-ESI-TAXSCAN.jpg "Addition shall be made in respect of Employees Contribution to PF/ESI which has not been deposited within Stipulated Date: ITAT [Read Order]")
Forex loss used for Working Capital Purpose of Assessee is a Revenue Expenditure and shall be allowed as Deduction u/s 37(1): ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the forex loss/liabilities used for the working capital purpose of the assessee is a revenue expenditure and shall be allowed...
![Forex loss used for Working Capital Purpose of Assessee is a Revenue Expenditure and shall be allowed as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Capital-Purpose-Expenditure-Forex-loss-TAXSCAN.jpg "Forex loss used for Working Capital Purpose of Assessee is a Revenue Expenditure and shall be allowed as Deduction u/s 37(1): ITAT [Read Order]")