Life Insurance to get Cheaper for Indians as GoM nods Rate cuts, GST Council Approval last hurdle
In a move that could bring significant relief to policyholders, the Group of Ministers ( GoM ) appointed by the central government has given its nod...
![Delhi HC sets aside TPO’s Order on FABINDIA Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-TPOs-Order-Trademark-Depreciation-Depreciation-Claim-Directs-AO-to-Reassess-FABINDIA-trademark-for-Assessment-Year-taxscan-1.jpg "Delhi HC sets aside TPO’s Order on FABINDIA Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]")
Challenge on Reduction of Net Profit % by CIT(A): ITAT Remands Matter for Re verification of Books of Accounts & Other Documents [Read Order]
In a recent case about the challenge was on reduction of net profit upheld by the Commissioner of Income Tax (Appeal)(CIT(A), the Ranchi bench of the Income Tax Appellate Tribunal (ITAT) remanded the...
![Challenge on Reduction of Net Profit % by CIT(A): ITAT Remands Matter for Re verification of Books of Accounts & Other Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ranchi-Income-Tax-Income-Tax-News-Taxscan.jpg "Challenge on Reduction of Net Profit % by CIT(A): ITAT Remands Matter for Re verification of Books of Accounts & Other Documents [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]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) condoned a delay of 244 days and restored the ex-parte order to the AO for fresh adjudication due to the genuine...
![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]")
Small Bottles of Coconut Oil Classifiable as Edible, 5% GST Attracts: Supreme Court [Read Judgement]
In a 15-year-old dispute regarding the classification of small bottles of coconut oil, the Supreme Court held that small bottles of coconut oil should be classified as edible oil and taxed at 5%. The...
![Small Bottles of Coconut Oil Classifiable as Edible, 5% GST Attracts: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/12/upreme-Court-Coconut-Oil-GST-Attracts-Taxscan.jpg "Small Bottles of Coconut Oil Classifiable as Edible, 5% GST Attracts: Supreme Court [Read Judgement]")
Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]
Тhe Delhi Нigh Cоurt, in а recent ruling, dismissed а рetitiоn filеd by Mаjestic Hаndicrаft Privаte Ltd chаllenging reаssessment nоtice аnd оrder аs pеr Sectiоns 147 аnd 148 оf thе Income Tаx Aсt...
![Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/500x300_2041085-delhi-h-trnsctins-with-nn-xistent-suppliers-nn-xistent-suppliers-delhi-igh-curt-ressessment-taxscan.webp "Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]")
CBDT Circular Strikes again: ITAT dismisses Revenue's Appeal due to Tax Effect Threshold [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue's appeal against Coforge Ltd, as the tax effect of the disputed issues raised did not exceed the prescribed monetary...
![CBDT Circular Strikes again: ITAT dismisses Revenues Appeal due to Tax Effect Threshold [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Appellate-Tribunal-CBDT-TAXSCAN.jpg "CBDT Circular Strikes again: ITAT dismisses Revenues Appeal due to Tax Effect Threshold [Read Order]")
