The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment cannot exceed the prescribed scope of the limited scrutiny invoking the revisionary jurisdiction under Section 263 of the Income Tax Act,

The Chennai bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that service tax is not leviable on renting of immovable property to or by religious body before 1.07.2012. From an intelligence

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the Transfer Pricing (TP) adjustment by the Transfer Pricing Officer (TPO) towards the payment of royalty on technology paid to the Cadbury Adams USA

The Hyderabad bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) non-awareness of other contraband goods in consignment other than declared in the bill of entry is not an excuse to avoid the penalty

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer cannot impose an addition without mentioning any provision of the statute. As per the information available in the Revenue Department,

The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed confiscation of rough diamonds and observed that the verification to be initiated from issuing authority when certification suspected to be faulty.

If you're reading this, chances are you're either considering taking out a Personal Loan or you're already in the process of repaying one. Either way, you're not alone. Personal loans have become increasingly popular in

There are several reasons why you should possess a bank account. It provides a safe place to park your money and save for the future. Moreover, a bank account acts as an identity and address

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as the addition under Section 68 of the Income Tax Act 1961 due to non-consideration of unsigned reply by assessee to notice issued

The Chennai bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT)held that hiring of space for advertisement on the buses by Tamil Nadu State Transport Corporation does not fall under definition of advertising

The Bombay High Court observed that failure to pass draft assessment order under Section 144C (1) of the Income Tax Act, 1961 renders assessment as one without jurisdiction. Petitioner, M/s. CWT India Private Limited, filed

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), remanded matter in the matter of non-production of country-of-origin certificate from foreign supplier due to Covid-19 pandemic. The respondent, M/s.Myoung Shin India

The Central Board of Indirect Taxes and Customs (CBIC) vide notification no. No. 69/2023-Customs (N.T.) S.O. 4253(E)  issued on 27th September 2023 has notified the extension of exemption of deposits into Electronic Credit Ledger (ECL)

The Pune bench of the Income Tax Appellate Tribunal (ITAT) grants another opportunity to the assessee in order to provide evidence in relation to the registration of trust under Section 12AB of the Income Tax

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source under Section 194C(2) of the Income Tax Act, 1961 shall not be applicable when there is no contractual