CA, MBA, B. com Vacancy in Deloitte
The Deloitte invited applications for the post RA-A&IC-Internal Audit. Qualifications CA / MBA Tier 2 in related fields BBM / BBA / B. Com Must have one of the certifications - CFE, CPA, CIA, CISA Responsibilities
Failure to Prove Genuineness of Share Purchase Transaction Claim and Creditworthiness of Invested Company: ITAT dismisses Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal due to the failure to prove the genuineness of the share purchase transaction claim and the creditworthiness of the invested
Technical Assistance for Manufacture of Aircraft and Engines not IPR-Services: CESTAT quashes Service Tax Demand [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) quashed service tax demand and held that the technical assistance for manufacture of aircraft and engines is not IPR-Services. The
Excise Duty Not Applicable on Imported Zinc Oxide Used in Manufacturer of PCFP: CESTAT [Read Order]
The Kolkata bench of the Customs, Excise And Service Tax Appellate Tribunal ( CESTAT ) held that the excise duty is not applicable on imported Zinc Oxide used in manufacturers of Pre-Calcined Ferrite Power (
Central Govt Extended Time Limit to File Refund Claim of Service Tax on Exported Goods: CESTAT allows Refund [Read Order]
In a recent case, the Kolkata bench of the Customs, Excise And Service Tax Appellate Tribunal ( CESTAT ) held the assessee eligible for the refund of Service Tax which was rejected on the ground
Depreciation Must be Removed While Calculating Net Margin: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that depreciation must be removed while calculating net margin. The ITAT remitted the matter back to the file of TPO/AO for
ITAT Weekly Round-up
This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 13 to April 20 ITAT Directs Readjudication with
CESTAT Weekly Round Up
This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from April 13 , 2024  to April 19, 2024 Service Tax not
ITAT directs Matter to CIT(E) citing Form No.10AB Application should be Construed u/s 12A(1)(ac)(i) of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) directed the matter to Commissioner of Income Tax (Exemption), emphasizing that the application in Form No.10AB should be construed under Section 12A (1)(ac)(i) of the
Purchase and Sale of Shares Transactions cannot be considered bogus when Documentary Evidence Genuinely Established : ITAT [Read Order]
The  Mumbai bench  of Income Tax Appellate Tribunal (ITAT)   recently ruled that purchase and sale of shares transactions could not be considered bogus when documentary evidence genuinely established. The assessee Chirag Tejprakash Dangi, herein is
Property Sold in Low Price Due to Obstacles in Peaceful Enjoyment: ITAT deletes Capital Gains Addition based on DVO [Read Order]
In a recent ruling, the Kolkata bench Income Tax Appellate Tribunal ( ITAT ) deleted the capital gain addition made by the Assessing Officer (AO) as the tribunal was convinced that the assessee as a
CPC Lacked Authority for Preliminary Deduction u/s  80P of Income Tax Act Pre-April 2021: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the Centralized Processing Centre (CPC) lacked authority for preliminary deduction under Section 80P of the Income Tax Act, 1961, prior
Admissibility of Discounts subsequent to Clearance is eligible Deduction for Determination of Assessable Value: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excuse and Service Tax Appellate Tribunal ( CESTAT ) ruled that the admissibility of discounts subsequent to clearance is eligible deduction for the determination of assessable value. The appellants
Taxpayer’s Document Validates Identity and Transaction Genuineness: ITAT deletes Addition u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition under Section 68 of the Income Tax Act, 1961 after validating the taxpayer's document, affirming the identity and genuineness
Taxpayer without Shareholding cannot be Deemed ‘Dividend’ Receiver u/s 2(22) of Income Tax Act: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the taxpayer without shareholding cannot be deemed 'dividend' receiver under Section 2(22) of Income Tax Act, 1961. The assessee filed its