dutiable

Cenvat Credit cannot be Reversed when Dutiable Goods became Exempted at Interim Stage: CESTAT Allows Re-Credit [Read Order]

January 26, 2023

CCR- SFIS Scheme- dutiable -exempted goods- CESTAT - Taxscan

Rule 6 (3) of the CCR, 2004 can’t be invoked when Goods supplied under SFIS Scheme were dutiable and not exempted goods: CESTAT [Read Order]

November 16, 2020

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Kidney Failure - Reasonable Cause - Assessment Proceedings - ITAT - Re-Adjudication - Taxscan

Kidney Failure a “Reasonable Cause” for Non-Compliance during Assessment Proceedings: ITAT directs Re-Adjudication

March 23, 2023

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has while directing re -adjudication observed that kidney failure has a reasonable cause for non-compliance during assessment proceeding. Assessee Sunil Kumar Garg, carrying the business of trading of menthol oil and when the assessment proceedings carried out the assessing officer found that the list of sundry creditors included […]

Electricity Load Extension Charges Allowable as Expenditure: ITAT

March 23, 2023

The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that electricity load extension charges are allowable as expenditure. Assessee Tewari Warehousing Co. Pvt. Ltd is a private limited company engaged in the business of loading, unloading, blending and packing of raw tea. After filing the return assessee’s Case selected for scrutiny Assessment […]

AO - Jurisdiction - Limited Scrutiny - Scope of Limited Scrutiny - Violation of CBDT Circular - CBDT Circular - CBDT - ITAT - Income Tax - taxscan

AO Exceeding Jurisdiction in Enquiring Issues Beyond Scope of Limited Scrutiny is in Violation of CBDT Circular: ITAT [Read Order]

March 23, 2023

The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that the Assessing Officer(AO) has exceeded jurisdiction in enquiring the issues beyond scope of limited scrutiny and is in violation of Central Board Direct Tax (CBDT) circular. Assessee Sukhdham Infrastructures LLP filed return of income on 26.08.2015 disclosing total income of Rs. 2,18,390/-. […]

Non Fuel - Fuel - EoUs - EoU - SEZ - Export of Biofuel - Notification - DGFT - taxscan

DGFT issues Notification Allowing Export of Biofuel From SEZ/EoUs for Fuel and Non Fuel Purposes

March 23, 2023

The Export of Biofuel from Special Economic Zones (SEZ)/ Export Oriented Units (EoU) is allowed for Fuel as well as Non-Fuel purposes without any restrictions when generated utilising exclusively imported feed stock, according to the Directorate General of Foreign Trade’s (DGFT) Notification No. 62/2015-2020 issued March 22, 2023. The Central Government henceforth amended Notification No. […]

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Kidney Failure a “Reasonable Cause” for Non-Compliance during Assessment Proceedings: ITAT directs Re-Adjudication

March 23, 2023

Electricity Load Extension Charges Allowable as Expenditure: ITAT

March 23, 2023

AO Exceeding Jurisdiction in Enquiring Issues Beyond Scope of Limited Scrutiny is in Violation of CBDT Circular: ITAT [Read Order]

March 23, 2023

DGFT issues Notification Allowing Export of Biofuel From SEZ/EoUs for Fuel and Non Fuel Purposes

March 23, 2023

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