Excise & Customs

ALP - deemed income - other sources - Madras High Court - Taxscan

ALP and Resultant Excess Profit to be treated as Deemed Income under ‘Other Sources’: Madras High Court [Read Order]

July 29, 2021

Madras High Court - provisional release of cargo - Cash Security - penalty - Taxscan

Madras HC permits Provisional Release of Cargo as directing Importer to Furnish Cash Security towards Redemption Fine, Penalty would be harsh [Read Judgment]

July 29, 2021

Refund - flimsy grounds -Rebate Schemes - Exporters - CESTAT - Taxscan

Rejection of Refund on Flimsy grounds would defeat purpose of Rebate Schemes and causes Inconvenience to Exporters: CESTAT [Read Order]

July 29, 2021

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LLP- Service Tax - Reverse Charge Mechanism- CESTAT - taxscan

LLPs not liable to pay Service Tax under Reverse Charge Mechanism: CESTAT [Read Order]

August 2, 2021

The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that a Limited Liability Partnership (LLP), being not a “Body Corporate” under section 2(7) Companies Act,2013, is not liable to pay service tax under the reverse charge mechanism (RCM). The appellant was rendering services including manpower supply up to 31 […]

Marketing & Advertising Services Provided by Starwood International to various Indian Hotels not taxable in India: ITAT [Read Order]

August 2, 2021

The Income Tax Appellate Tribunal (ITAT), Delhi bench, while allowing relief to Starwood (M) Intenrtinal Inc., held that the Company cannot be taxed for “Fee for Technical Services” for the marketing and advertising services provided to various Indian hotels. The assessee Company is incorporated in USA and carries on the business of providing various centralized […]

ITAT - Re-Assessment - SECL - Provision of Leave Encashment - Taxscan

ITAT quashes Re-Assessment against SECL disallowing Rs. 577 Lakhs towards Provision of Leave Encashment [Read Order]

August 2, 2021

The Income Tax Appellate Tribunal (ITAT), Raipur has recently quashed a re-assessment against the South-Eastern Coalfield Limited (SECL) wherein a claim of Rs. 577 Lakhs towards Provision of Leave Encashment was disallowed by the income tax department. The appellant-Company approached the Tribunal challenging the re-assessment order and the decision for re-adjudication of deduction of the […]

Capital Gain Deduction - Non-Registration of Conveyance Deed- ITAT - Taxscan

Capital Gain Deduction can’t be denied merely on ground of Non-Registration of Conveyance Deed: ITAT [Read Order]

August 2, 2021

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the benefit of capital gain deduction under section 54F of the Income Tax Act, 1961 cannot be denied to the assessee merely on the ground that the conveyance deed was not registered. The assessee, an individual, filed the income tax returns for the relevant […]

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LLPs not liable to pay Service Tax under Reverse Charge Mechanism: CESTAT [Read Order]

August 2, 2021

Marketing & Advertising Services Provided by Starwood International to various Indian Hotels not taxable in India: ITAT [Read Order]

August 2, 2021

ITAT quashes Re-Assessment against SECL disallowing Rs. 577 Lakhs towards Provision of Leave Encashment [Read Order]

August 2, 2021

Capital Gain Deduction can’t be denied merely on ground of Non-Registration of Conveyance Deed: ITAT [Read Order]

August 2, 2021

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