The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has held that expenses related to advertising and marketing are expenses are not includable in value of imported goods since the
The Enforcement Directorate ( ED ) arrested the Jharkhand Minister Alamgir Alam in a Money Laundering Case. The ED recovered a huge amount of Rs. 35.23 crores from his Personal Assistant followed by his arrest.
The Two member bench of Delhi Income Tax Appellate Tribunal (ITAT) upheld the deletion of addition made on account of expenditure incurred on e-stamp duty expenses paid towards Non-Convertible Debenture issued by the Dish Infra
The Mumbai bench of the National Company Law Tribunal ( NCLT ) has approved the resolution plan of Sapphire Media for Reliance Broadcast Network's FM radio business, Big 92.7 FM. Big FM, owned by Reliance
The Calcutta High Court observed that the legitimacy of income not established when investment made from share premium without noticeable business activity. The assessee filed the return of income disclosing a total income of Rs.
In a significant case, the Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has held that the agreement for supply of water not a right to use natural resources and
The Delhi High Court in a recent case has held that addition on unexplained expenditure cannot be merely based on Central Board of Indirect Taxes and Customs ( CBIC ) instruction. It was viewed that
The Delhi High Court issued the notice to the department in a petition assailing the jurisdiction to adjudicate the Show Cause Notice ( SCN ), which has not been adjudicated for nearly 14 years. M/s
The Delhi High Court has restored the appeal before the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), as the condition of the deposit was complied with. The court allowed the writ petition and stated
The Delhi High Court has quashed the orders passed by the Customs Excise and Service Tax Appellate Tribunal (CESTAT), stating that the orders were not justified, and directed the CESTAT to decide the appeals on
In a ruling in favour of the State Bank of India ( SBI ), the Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no deduction of deduct tax at source
The Delhi High Court upheld the decision of the single bench holding that the exporter cannot be permitted to export banned non- basmati white rice, due to the non-fulfilment of the conditions entitling it to
The Calcutta High Court held that Assessing Officers ( AO ) cannot draw adverse inferences on the non-response of directors to notices. The court, while examining the validity of the addition made under Section 68
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that loss out born from sale of govt securities by bank is business loss and allowed the income tax deduction is allowable under Section
An average Indian eats three meals a day. Ever wondered how much of your food budget goes to taxes? From your morning cup of chai to your late night snacks, every bite of your food