Taxpayer Explains Source of Capital Enhancement in balance sheet: ITAT deletes addition of 89. 7 Lakhs u/s 68 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of 89.7 Lakhs under Section 68 of the Income Tax Act, 1961 after the taxpayer provided an explanation for the source of
Proper Officer failed to Explain Reason for Recovering Amount u/s 78 of TNGST Act before Limitation Period: Madras HC directs Refund [Read Order]
The Madras High Court directed the refund of the recovered amount as the proper officer failed to explain the reason for recovering the amount under Section 78 of Tamil Nadu Goods and Services Tax, 2017
No GSTAT? Here’s Why Other States Should Follow Kerala’s Directive on GSTAT Appeals
In recent developments, the Kerala Goods and Services Tax ( GST ) Department has issued a directive that could significantly impact taxpayers aggrieved by decisions of the First Appellate Authority. Understanding “Kerala Model” Directive to
Excise Duty Exemption Granted to Resin Withdrawn by Notification: CESTAT Upholds Demand of Rs. 4.82 Crores Duty against DFO [Read Order]
In a recent case, the New Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) upheld the demand of Rs. 4.82 crores excise duty against Divisional Forest Officers ( DFO
Taxpayer Substantiates Cash Deposit Source with Sufficient Evidence: ITAT Deletes Addition of 28 lakhs [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled in favor of the taxpayer, deleting an addition of 28 lakhs after the taxpayer successfully substantiated the source of a cash deposit with sufficient
Appeal Time! GST Appellate Tribunal to be Functional Soon Enough
The GST Appellate Tribunal ( GSTAT ) has finally started to begin its baby steps towards functioning with the appointment of its first president, Justice (retd) Sanjaya Kumar Mishra. Legal experts have praised this move
Non-Constitution of GSTAT: Kerala GST Dept directs Taxpayers to Submit Declaration of appeal proposal before GSTAT to stay Revenue Recovery
The Kerala Goods and Services Tax ( GST ) Department has instructed the taxpayers aggrieved with the orders of First Appellate Authority, to file a form of declaration with the proposal for filing of appeals
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 21 to May 4. Submissions on TDS Deduction
Union Finance Minister Administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as First President of GSTAT
The Union Finance Minister Smt. Nirmala Sitharaman administered Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first President of Goods and Service Tax Appellate Tribunal Appellate Tribunal ( GSTAT ). On September
Tax Proposal Confirmed u/s 74 of GST Act without Satisfaction of Ingredients: Madras HC directs to Condone 21 days’ Delay [Read Order]
The Madras High Court overturned an appellate order and directed the Deputy Commissioner ( ST ) ( GST ) (Appeals) to adjudicate the appeal, despite a delay of 21 days in its filing. The court's
Re-determination of UAE Imported Car Valuation Based on Australian Prices Invalid without Contemporary Imports of Comparable Goods: CESTAT [Read Order]
The Chennai bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) ruled that re-determination of valuation of Imported car from United Arab Emirates ( UAE ) based on Australian prices is
Taxability of Corporate Guarantees between Related Persons under GST: Punjab & Haryana HC stays Controversial Circular
A Division Bench of the Punjab and Haryana High Court has issued an interim order staying a circular issued by the Central Board of Indirect Taxes and Customs ( CBIC ) concerning the tax treatment
Case digest on Deduction u/s 80 G of Income Tax Act
What is Section 80G? Section 80G of the Income Tax Act is a provision that allows taxpayers to claim deductions on donations made to eligible charitable institutions and funds. The purpose of this section is
Supreme Court & High Courts Weekly Round up
This weekly round-up analytically summarises the key stories of the Supreme Court & High Court cases reported at taxscan.in, from April 20th, 2024 to May 3rd, 2024. SUPREME COURT Compounding of Offence u/s 137 of
Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]
The Delhi High Court has set aside the Competition Commission of India's (CCI’s) order, stating that failure to adhere to notice provisions incurs liability for penal interest. The proceedings were initiated against Petitioner No.1/Geep Industries