In a recent ruling, the Madras High court ruled that a new Show Cause Notice ( SCN ) under Section 148 of the Income Tax Act, 1961 shall be issued for the issues not previously raised. The department was directed to issue a fresh order under Section 148A(d) after considering the reply of the assessee....
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the ad hoc disallowance made without rejecting books of account was not justified and needed to be deleted. The court observed that when books of account maintained by the assessee having been duly audited have not been rejected by the AO the ad-hoc...
The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) observed that mere procedural violation for complying with condition of the Notification is not the act of suppression for invoking extended period of limitation. The appellant is exporting their produce to various countries and to promote their sales they have...
The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the rejection of refund claims as the burden of payment of excise duty passed on to customers. As the revenue was of the view that the products would be appropriately be classifiable under Chapter Heading 3305 instead of 3003. Accordingly, a...
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