Expenditure incurred to Repair or Renovate existing Make-up Rooms are Revenue in Nature: ITAT [Read Order]
A Division Bench of the Mumbai Income Tax Appellate Tribunal (ITAT) in M/s. Maharashtra Film Stage Cultural Development Corporation Ltd. Versus Jt. CIT held that expenditure incurred to repair or renovate existing make-up rooms are
CBIC imposes Anti-Dumping Duty on Luxury Vinyl Tiles exported from China PR, Taiwan and Vietnam [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification imposing anti-dumping duty (ADD) on Luxury Vinyl Tiles, originated or exported from China PR, Taiwan and Vietnam. Earlier, the Designated Authority has
Refund of Excess Paid Duty can’t be rejected for Non-Option of Provisional Assessment: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the refund of excise duty paid in excess cannot be rejected solely on the ground that the assessee did
Assessee entitled to claim 15% Depreciation under Block of Assets ‘Plant and Machinery’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench ruled that the Assessee was entitled to charge depreciation at the rate of 15% under the block of assets “plant and machinery”. The assessee, Singareni Collieries Company
MHA asks all NGOs seeking Foreign Donations to open FCRA Account at the SBI’s New Delhi branch [Read Notification]
The Ministry of Home Affairs (MHA) has asked all NGOs registered under the Foreign Contribution (Regulation) Act (FCRA), 2010, will now have to open or maintain an FCRA account in State Bank of India’s New
Ministry of Cooperation Launches CRCS-Sahara Refund Portal to Protect Interests of Members of Cooperatives
Today, on July 18, 2023, the Union Home Minister and Minister of Cooperation, Amit Shah, inaugurated the 'CRCS-Sahara Refund Portal' in New Delhi at 11:00 am. This portal has been launched as part of the
Income Tax Exemption for Disabled Personnel of Armed Forces applicable to all Officers and Jawans: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT) has clarified that the income tax exemption under the Act would be applicable to all officers and jawans of armed forces. The Board has issued a circular regarding
Abhinav Bindra not liable to pay Tax on Rewards from Govt: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has granted tax relief to retired professional shooter, Abhinav Bindra. The Tribunal bench has held that the former World and Olympic champion is
PIL before Bombay HC seeking Postponement of GST Rollout [Read Petition]
A Public Interest Litigation has been filed before the Bombay High Court seeking postponement of the much anticipated indirect tax law, i.e Goods and Services Tax (GST) Act. As the Central Government and State Governments
Statutory Limitation Period prescribed under Section 11B of Central Excise Act is not Applicable to Refund when Amount paid Appellant is not Tax: CESTAT [Read Order]
The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) observed that the statutory limitation period prescribed under Section 11B of the Central Excise Act, 1944 is not applicable to
‘Milk Cream’ Cannot be Classifiable under Category of ‘Milk’: Himachal Pradesh HC upholds VAT Demand [Read Order]
In a recent case, the Himachal Pradesh High Court held that milk cream cannot be classified under the category of milk. The milk cream was entirely different from the milk and these two products had
Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]
The  Supreme Court comprising the Two-judge Bench of  Justices M.R. Shah and C. T. Ravi Kumar, decided in an appeal moved by M/S S. M. Overseas Pvt. Ltd. that the Revenue department was not entitled
Permission to re-export of Goods stands secured in Customs Frontier: Madras HC directs Customs Dept to check applicability of AA scheme [Read Order]
The Madras High Court while directing  Customs Department to check applicability of  Advance Authorisation Scheme (AA Scheme) said that Permission to re-export of Goods stands secured in the customs frontier. The petitioner, Czarnikow Group Limited
CESTAT directs Adjudicating Authority to grant 12% interest on delayed refund [Read Order]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), New Delhi Bench directed the Adjudicating Authority to grant 12% interest on delayed refund. The appellant, M/s J. K. Cement Works has filed the present appeal
Service Tax not applicable on Collection of Octroi for Entry of Goods in discharge of Sovereign Privilege: CESTAT [Read Order]
The Customs, Excise s, Service Taxes Appellate Tribunal (CESTAT), Mumbai Bench held sovereign privilege that the service tax is not applicable to the collection of Octroi for entry of goods by the appellant in the discharge of sovereign