The Madras High Court has held that the Principal Commissioner of Income Tax (PCIT) has no jurisdiction to revise the assessment under section 263 of the Income Tax Act when the assessment order attained finality

The Delhi High Court has upheld the luxury tax levy on Delhi Gymkhana Club under the Delhi Tax on Luxuries Act, 1996. The  petitioner, which claims to be a “Club”, constituted as a not-for-profit company

The most important stories on the Income Tax Appellate Tribunal (ITAT) that were published at Taxscan between November 12, 2023 to November 17, are critically summarized in this Round-Up. Merely on basis of Statement of

The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) allowed the request for the provisional release of the seized polyester-coated fabric on the ground of a bonafide request.  Ocean Sky Impex

The GSTN, through Advisorydated November 17, 2023, has released an extensive guide along with detailed instructions for facilitating the direct API integration process with any of the 6 Invoice Registration Portals (IRPs) dedicated to E-Invoice

The Supreme Court of India has issued notice to Pepsico India, advancing the revenue's appeal against the Rajasthan High Court's decision regarding the classification of Potato Chips under the Rajasthan VAT Act, 2003. In the

The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the provisional release of seized goods can be allowed after taking a suitable bond and bank guarantee even if the

The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed the adjudicating authority for re-adjudication on the customs duty demand on the import of capital goods without verifying the Export Obligation

This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from November 11 to November 17, 2023. Application to Rectify Inadvertent Error in Shipping

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that merely on the basis of the statement of the director of the vendor company an addition under Section 69B of the Income Tax

The Income Tax Appellate Tribunal (ITAT), Delhi bench, has annulled the disallowance of a long-term capital loss arising from the sale of shares of a private company to its initial promoters. In this case, the

Zoho, a technology company headquartered in Chennai, has introduced Zoho Practice, a comprehensive practice management solution specifically designed for chartered accountants (CAs). This newly launched software, offered at no cost, aims to provide CAs with

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that only naturally mined Boron Ore which was not concentrated was eligible for Customs Duty exemption under the exemption notification.  Shrusti

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed re-adjudication on the denial of customs duty exemption on boron ore without analyzing the test report.  Shrusti Ceramics Private Ltd, the

The Madras High Court stayed the recovery proceedings under the Tamil Nadu Goods and Service Tax (TNGST)Act, 2017 till the Completion of investigation on tax evasion through misuse of login ID and password. M/s.Shewil Trading