![ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043143-sysmex-india-pvt-ltd-site-img.webp "ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]")
ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling directed the AssessingOfficer (AO) to accept the sales-based allocation...
![Gift of Property Share from Husband to Wife Eligible for Capital Gain Exemption, But Clubbing and Capital Gains Rules Apply: Rules ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/250x150_2043119-capital-gain-itat-mumbai-gift-property-share-taxscan.webp "Gift of Property Share from Husband to Wife Eligible for Capital Gain Exemption, But Clubbing and Capital Gains Rules Apply: Rules ITAT [Read Order]")
![GST ITC Denied for Late Filing of GSTR-3B: Calcutta HC Orders Reconsideration in Light of Section 16(5) [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/250x150_2043115-gst-gst-itc-itc-denied-for-late-filing-of-gstr-3b-gstr-3b-taxscan.webp "GST ITC Denied for Late Filing of GSTR-3B: Calcutta HC Orders Reconsideration in Light of Section 16(5) [Read Order]")
ICMAI Cooperative Development Board releases Volume V of Quarterly Journal "CMAs Cooperative Digest"
The Cooperative Development Board of the Institute of Cost Accountants of India’s (ICMAI) has recently released the much-awaited Volume V of its quarterly journal titled "CMAs Cooperative Digest". ...
Refund Claim Filed Under Regular Notification Instead of SEZ One Treated as Procedural Lapse: CESTAT Allows ₹2.92 Cr Refund [Read Order]
The Chandigarh Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT )allowed a refund claim of ₹2.92 crore, holding that filing under the regular notification instead of the Special ...
![Refund Claim Filed Under Regular Notification Instead of SEZ One Treated as Procedural Lapse: CESTAT Allows ₹2.92 Cr Refund [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043026-refund-claim-sez-cestat-taxscan.webp "Refund Claim Filed Under Regular Notification Instead of SEZ One Treated as Procedural Lapse: CESTAT Allows ₹2.92 Cr Refund [Read Order]")
Section 80G Registration Denial: ITAT remands Utilization of Total Income towards Religious Purposes for Reverification [Read Order]
In a significant ruling for charitable trusts seeking tax‐exempt status, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has set aside the Commissioner of Income Tax (Exemption)’s refusal...
![Section 80G Registration Denial: ITAT remands Utilization of Total Income towards Religious Purposes for Reverification [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043089-80g-registration-itat-taxscan.webp "Section 80G Registration Denial: ITAT remands Utilization of Total Income towards Religious Purposes for Reverification [Read Order]")
![ITAT Sets Aside 80G Rejection, Cites Gross Violation of Natural Justice in Charitable Trust [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2042931-itat-itat-sets-itat-sets-aside-80g-rejection-cites-gross-violation-of-natural-justice-taxscan.webp "ITAT Sets Aside 80G Rejection, Cites Gross Violation of Natural Justice in Charitable Trust [Read Order]")
GST Pre-deposit through Personal Ledger Account Held Valid: Allahabad HC Follows Madras HC Ruling in Ford India Case [Read Order]
The Allahabad High Court has held that a pre-deposit made through a Personal Ledger Account for the purpose of filing an appeal under the GST ( Goods and Services Tax ) Act is valid and cannot be...
![GST Pre-deposit through Personal Ledger Account Held Valid: Allahabad HC Follows Madras HC Ruling in Ford India Case [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043062-madras-hc-implementation-period-initial-period-of-gst-predeposit-taxscan.webp "GST Pre-deposit through Personal Ledger Account Held Valid: Allahabad HC Follows Madras HC Ruling in Ford India Case [Read Order]")
Goods Exempted from BCD Can Still Attract Additional Duty Unless Specifically Exempted: Madras HC [Read Order]
In a recent ruling, the Madras High Court has held that goods exempted from Basic Customs Duty ( BCD ) can still be subjected to additional duty under the Customs Tariff Act unless there is a...
![Goods Exempted from BCD Can Still Attract Additional Duty Unless Specifically Exempted: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043069-goods-exempted-from-bcd-bcd-bcd-can-still-attract-additional-duty-taxscan.webp "Goods Exempted from BCD Can Still Attract Additional Duty Unless Specifically Exempted: Madras HC [Read Order]")
ABN Amro Bank, Stockholm not Swedish Resident as per DTAA: ITAT holds Bharti Airtel required to Deduct TDS on Loan Interest [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently held that Bharti Airtel Ltd. was obligated to deduct tax at source (TDS) on interest payments made to ABN Amro Bank’s Stockholm...
![ABN Amro Bank, Stockholm not Swedish Resident as per DTAA: ITAT holds Bharti Airtel required to Deduct TDS on Loan Interest [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043056-abn-amro-bank-dtaa-delhi-itat-bharti-airtel-tds-loan-interest-taxscan.webp "ABN Amro Bank, Stockholm not Swedish Resident as per DTAA: ITAT holds Bharti Airtel required to Deduct TDS on Loan Interest [Read Order]")