Substantive Assessment

Protective Assessment has No Independent Standing but dependent on Final Outcome of Substantive Assessment: ITAT [Read Order]

May 3, 2021

DCIT - assessment - deduction - Delhi Customs - assessment - Origin Certificates- Taxscan

Protective Addition becomes Substantive If No Appeal filed: ITAT [Read Order]

November 23, 2018

Protective Assessment cannot be made without a Substantive Assessment: ITAT Delhi [Read Order]

June 11, 2017

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ED - Delhi High Court - SCN - J.P Morgan - Taxscan

ED empowered to Dispose of Objections for want of detailed consideration: Delhi HC refuses to quash SCN against J.P Morgan

June 12, 2021

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 Pvt. Ltd. challenged the Show Cause Notice and the consequent Order and the Communication of the ED, proceeding with the […]

Self-Assessment Tax Payment - Tax Arrear - Vivad se Vishwas Scheme - Bombay High Court - Taxscan

Delayed Self-Assessment Tax Payment can’t be Tax Arrear for Vivad se Vishwas Scheme: Bombay High Court [Read Judgment]

June 12, 2021

The Bombay High Court ruled that the Delayed self-assessment tax payment cannot be tax arrear for Vivad se Vishwas Scheme. The petitioner, Macrotech Developers Limited is a public limited company incorporated under the Companies Act, 1956 having its registered office at Mahalaxmi, Mumbai. It is engaged in the business of land development and construction of […]

ICAI - CA Members- Register - Digital Audit Tools Free of Cost - taxscan

ICAI directs CA Members to Register to get Digital Audit Tools Free of Cost

June 12, 2021

The Institute of Chartered Accountants of India (ICAI) has directed CA Members to Register by June 30, 2021, to get Digital Audit Tools Free of Cost. The Committee for Members in Practice (CMP) world stands at the brink of a technological revolution and the scale, scope, and complexity of the transformation will be unlike anything […]

Punjab & Haryana HC - anticipatory-bail - Money Laundering - Taxscan

Punjab & Haryana HC rejects Anticipatory Bail to persons accused of Money Laundering worth Rs.220 Cr [Read Order]

June 12, 2021

The Punjab and Haryana High Court rejected the anticipatory bail to a person accused of Money Laundering worth Rs.220 Crores. The petitioner, Jagadish Nangineni and Jagdish Chandra Sharma submitted that Sobha and Chintels entered into 59 agreements to sell through which they agreed to sell 59 NPNL plots to LLPs created by Sobha at the […]

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CESTAT - Penalty - Customs Authority - cigarette sticks- IGM - taxscan

CESTAT quashes Penalty imposed by Customs Authority for alleged carrying of Cigarette Sticks not declared in IGM as No Opportunity of Cross-Examination was given

June 23, 2021

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench quashed the penalty imposed by Customs Authority for alleged carrying of cigarette sticks not declared in Import General Manifest (IGM) as no opportunity of cross examination was given. These appeals have been filed by M/s. Majhar Muzaffar Hussain Sayed, Nathalal Kanjibhai Rathod and Jatin […]

Section 80IA Deduction- single Industrial Unit- Madras High Court - taxscan

Section 80IA Deduction to be allowed to single Industrial Unit, all Units can’t be taken together: Madras HC [Read Judgment]

June 23, 2021

The Madras High Court held that the deduction under Section 80IA of the Income Tax Act, 1961 to be allowed to single Industrial Unit, all Units can not be taken together. The revenue assailed the order of the Income-Tax Appellate Tribunal wherein it was held that the assessee is entitled deduction under section 80IA of […]

interest - service tax - CESTAT - Taxscan

Govt. can’t retain Interest paid on Service Tax which is Refundable: CESTAT [Read Order]

June 23, 2021

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench ruled that the Government can not retain interest paid on service tax which is refundable. The appellants, Shanti Construction Co have provided works contract service to various Government Departments. The appellant have also availed the input services in the nature of works contract service […]

Central Excise exemption - Motor Spirit - Ethanol - Methanol - Refinery - Taxscan

Govt. notifies Applicability of Central Excise exemption on Blending of Motor Spirit and Ethanol or Methanol within Refinery [Read Notification]

June 23, 2021

The Central Government notified the Applicability of Central Excise exemption on Ethanol/ Methanol blended Petrol, and High-speed diesel blended with biodiesel when blending is done within the refinery. The government has received the representations seeking clarification on applicability of exemption from Basic Excise duty and other cesses, under different notifications, in case the blending of […]

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