The Delhi High Court directed re adjudication as the claim of excess Input Tax Credit (ITC) was denied without stating reason. The Court directed the proper officer to consider the reply and decide the matter.

The Income Tax Appellate Tribunal (ITAT), Pune Bench held that there is no claim of capital loss when revised return filed under Section 139(5) of the Income Tax Act, 1961 became non-est. The adjudication for

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) Mumbai, set aside the order of the Commissioner of Appeals, stating that show cause notice issued after expiry of 5 years would be barred by limitation.

FM: Software Development and Information Technology Enabled Services (ITeS, including BPO & KPO) industry had emerged as one of the most dynamic and vibrant sectors in India; The Union Finance Minister Arun Jaitley said that

A Single Bench of the Madras High Court has allowed the writ petition of Naga Limited, in recognition of it’s locus standi, arising out of civil consequences of AAR Ruling against its supplier, Karaikal Port

The Central Board of Indirect Taxes and Customs ( CBIC ) has released the FAQs on Furnishing Documents in Invoice Furnishing Facility (IFF) under QRMP Scheme. Support our journalism by subscribing to Taxscan AdFree. We

The Central Board of Indirect Taxes and Customs (CBIC) clarified the certain important queries on the Electronic Credit Ledger (ECL) raised by the Export Import (EXIM) Trade/ Customs Brokers. The registered Indian taxpayer who is

This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from February 4, 2024 to  February 9, 2024. Proper filing of ST

The High Court (HC) of Madras set aside the order demanding a penalty since the expiry of the E-way bill does not create scope for evasion and there is revenue loss. Mr B. Raveendran, counsel

While quashing the Assessment order against the Infosys Ltd, the High Court of Telangana held that proper opportunity was denied to the petitioner to represent its case and there has been a violation of principles

The Central Board of Indirect Taxes and Customs (CBIC) vide notification number 27/2023 issued on 1st July 2023 has notified the implementation of Section 123 of the Finance Act 2021 which amended the Section 16

This yearly digest analyzes all the CESTAT stories published in the year 2023 at taxscan.in Operational Surplus is subject to levy of Service Tax and cannot be excluded in reimbursable expenses: CESTAT International Clearing &Shipping

Certainly, the question arises: Does time truly hold significance in budget speeches? Opinions on this matter may vary; some argue in favour, while others may oppose the idea. From a general standpoint, there is an

The Minister of State for Finances, Shri Shukla asked the Customs officials to balance the twin objectives of facilitating the trade and managing the increased risks associated with cross-border trade. He also asked them to

The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley said that despite subdued global economic growth, India’s growth remains impressive and one of the best in the world during the last three years. He