Tax Judgments of High Courts Annual Digest 2023 [Part – 20]
This Annual Case Digest analytically summarizes the key stories related to Tax judgements of various High Courts in India reported in Taxscan.in during the year 2023. These stories include judgements and observations of High Courts
FICCI submits recommendations on GST to Empowered Committee of State Finance Ministers
A FICCI delegation led by Mr. Harsh Mariwala, Past President, FICCI and Chairman of the FICCI’s Task Force on GST, met the Empowered Committee of State Finance Ministers today morning to discuss GST related matters.
Government wins Lottery
In the case of Skill Lotto Solutions Vs Union of India[1], the Hon’ble Apex Court has upheld the levy of GST on lottery tickets and probably this is the first judgment from the Hon’ble Supreme
Estimation of Cash based on Surmises and Conjectures cannot be made in Rectification Order u/s 154: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that estimation of cash based on surmises and conjectures cannot be made in rectification order u/s 154. The
28% GST on Online Gaming: An Overview of GST Council’s Bold Decision
In the 50th meeting of the GST Council, Union Finance Minister Nirmala Sitharaman unveiled the decision to apply a 28% GST rate to online gaming, horse racing, and casinos on its face value. Following this
Know Top 10 Exams for Commerce Students
At a stage when you are going to complete your graduation in commerce or have just completed it, the first thing that comes to your mind is What should I do now? Here are a
Belief formed by AO vague, far-fetched & irrelevant: Jharkhand HC quashes Income Tax Penalty & Demand [Read Order]
The Jharkhand High Court held that belief formed by Assessment Order is vague, far fetched and irrelevant, while quashing the income tax penalty and demand raised towards the assessee-company. The Petitioner-Company Pasari Casting & Rolling
Companies can avail Cenvat Credit on CSR Expenses: CESTAT [Read Order]
The Mumbai bench of the Customs Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that a Company is eligible for the Cenvat Credit in respect of the payments made towards the fulfilment
Failure by Dept to Dispatch Order to Assessee, No Bar of Limitation u/128 of Customs Action: CESTAT Remands Matter for Adjudication [Read Order]
The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) remanded the matter to consider as there was no bar of limitation arising under section 128 of the Customs Act, 1962. The bench
CESTAT Annual Digest [Part – 32]
This yearly digest analyzes all the CESTAT stories published in the year 2023 at taxscan.in Demand of Service Tax imposed on Marketing Service without specific Mentioning of Service Category in SCN: CESTAT quashes Demand  Dr.Jagjeet
CESTAT Annual Case Digest 2023 – [Part 4]
This yearly digest analyzes all the CESTAT stories published in the year 2023 at taxscan.in Iron Content in Iron Ore Fines to be Calculated on Wet Metric Ton Basis for assessments before May 1, 2022,
ITAT Weekly Round-Up
This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the previous week from June 3 to 9, 2023. Relief to Britannia: Revision without Proper
Case Digest on Income Tax Judgments by High Courts 2016-17 – Part 1
High Court judgments on income tax matters play a crucial role in shaping tax law and policy, providing clarity on complex tax issues and resolving disputes between taxpayers and tax authorities. These rulings have far-reaching
Key Highlights of Economic Survey 2022-23 [Read Report]
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Economic Survey 2022-23 in the Union Parliament today. The highlights of the Survey are as follows: State of the Economy 2022-23: Recovery
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  March 16, 2024 to March 22,2024 Relief to BSNL , Cenvat