The Mumbai Bench of the National Company Law Tribunal ( NCLT ) observed that the detention charges is operational debt under the Insolvency and Bankruptcy Code, 2016 (IBC). The Company Petition was filed by ABC

The Delhi High Court citing the decision in the case of NASSCOM, directed the Assessing Officer ( AO ) to reconsider the stay application for the recovery proceedings afresh. The court noted that the Instruction

The Calcutta High Court has held that there is no service tax liability on the service recipient for default of the seller. The adjudicating authority, without resorting to any action against the supplier ignored the

The Supreme Court held that Interest Free or Concessional Loans to Bank Employees Are Taxable under Income Tax Rules as Perquisite under Section 17 of the Income Tax Act, 1961.s All India Bank Officer’s Confederation,

In a significant case, the Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that service tax is not demandable on toll charges collected in an independent capacity as a

The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) viewed that the services availed at the workshop are taxable services, and held that no reversal is allowable on the

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that interest is not leviable from the assessee for short payment of tax due to payer's default in  Tax Deduct at Source

The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal(CESTAT) upheld the commissioners order allowing refund as the excise duty refund rejected without  verifying invoice showing double duty payment. The Tribunal found that the

The Punjab and Haryana High Court has stayed the circular issued by the Central Board of Indirect Taxes and Customs (CBIC) concerning the taxability of corporate guarantees. The circular was stayed to the extent that

The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that service tax is not demandable on logistics charges recovered from buyers when Value Added Tax ( VAT

Chief Judicial Magistrate of Kanpur Nagar, Uttar Pradesh, Kumud Lata Tripathi issued a Non-Bailable Warrant ( NBW ) against the director of a security service agency, on Thursday, on charges of service tax evasion. The

The Goods and Services Tax ( GST ) Payments in the Jammu and Kashmir region is easier now as the Goods and Services Tax Network ( GSTN ) has enabled the facility to make payments

The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that service tax is not leviable on discount /incentive received from suppliers of motor vehicle spare parts under

The Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to allow exemption under Section 11 of the Income Tax Act, 1961 acknowledging that profit derived from services rendered

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed the reopening of assessment, ruling that the notice issued under Section 148 of the Income Tax Act, 1961 was held to