In a significant ruling granting major relief to all the house-wives in the country, the Income Tax Appellate Tribunal (ITAT), Agra bench consisting of Judicial Member Lalit Kumar and the Accountant Member Dr. Mitha Lal

The Income Tax Appellate Tribunal (ITAT), Agra Bench held that the Cut-off date for determination of taxability is when the assessee is entitled to receive compensation. The assessee, Jagdish Arora submitted that the CIT (Appeals)

The Income Tax Appellate Tribunal (ITAT), Agra Bench ruled that the disallowance can not be made on the Late deposit of Employees' State Insurance (ESI) and Employees' Provident Fund (EPF) if deposited before the due

In a ruling pronounced last week, the Income Tax Appellate Tribunal (ITAT), Mumbai has directed the income tax department to re-consider the assessment completed against Bollywood’s famous Director and Producer Karan Johar’s Yash Raj Films.

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Assessing Officer can reopen assessment if he reason to believe any income chargeable to tax has escaped. The assessing officer has recorded the reasons

The Supreme Court ordered the absolute Confistication of Peas and Pulses and directed that re-export be allowed only after recovering the necessary redemption fine. The appellant, Custom Authorities was aggrieved of the directions issued by

The Goods and Service Tax Network (GSTN) notified the Module wise new functionalities deployed on the GST Portal for taxpayers. “Various new functionalities are implemented on the GST Portal, from time to time, for GST

The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that no addition can be made for Transfer Pricing adjustment related to Specified Domestic Transactions. The assessee has been engaged in the business of manufacturing sugar.

The Ministry of Corporate Affairs (MCA) notified Justice Shashi Kant Gupta as the Chairperson of Appellate Authority under Chartered Accountants (CA), Company Secretaries (CS), Cost and Works Accountants (CMA) Laws. The Appellate Authority is established

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that penalty is not leviable if addition made on bogus purchases is on an estimated basis. The assessee, M/s. Toshvin Analytical Private Limited filed its return

In a major relief to the  Vodafone India the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench ruled that the TDS is not deductible on the issue of recharge vouchers by cellular service providers at lower

In a relief to Karina Airlines International, the Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Section 153C Assessment invalid if Revenue fails to discharge Onus to show incriminating material belongs to Assessee.

The Central Board of Direct Taxes (CBDT) has issued the Interim Action Plan for Financial Year 2021-22. Assessment Charges, Jurisdictional Assessing Officer & Exemption Charges In respect of the checking of all demand PAN-wise and

The Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ), Delhi bench has held that the cenvat credit is not allowable on the capital goods for which the Company has already availed full amount

The Delhi High Court while refusing to quash the Show Cause notice (SCN) ruled that the Enforcement Directorate (ED) is empowered to Dispose of Objections for the want of detailed consideration. The petitioner, J.P.Morgan India