UDINs

CBDT extends Last Date for updating UDINs

November 30, 2021

CBDT- UDINs - Income Tax Portal - Taxscan

CBDT extends deadline of updation of UDIN at Income Tax Portal

July 1, 2021

ICAI - UDINs - Income Tax Returns - E-filing Portal - Taxscan

ICAI urges Members to update their UDINs in all Income Tax Returns in E-filing Portal

May 14, 2021

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Re-Opening of Assessment against ITAT order is not Valid: ITAT [Read Order]

May 17, 2022

The Income Tax Appellate Tribunal (ITAT), Chandigarh bench has held that the re-opening of assessment under section 147/148 of the Income Tax Act, 1961 is not valid. The assessee company, M/s Valco Industriesclaimed deduction @ 100% on its new undertakingup to assessment year 2009-10. Thereafter, the assessee undertook substantial expansion and it is the assessee’s […]

Galvanised solar structure - Solar Power Generation - Excise Duty Exemption - CESTAT - Taxscan

Galvanised Solar structure is Part of Solar Power Generation, Excise Duty Exemption Allowable: CESTAT [Read Order]

May 17, 2022

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) New Delhi has held that galvanised solar structure is a part of solar power generation facility hence can claim exemption from duty of excise. The bench consists of Justice Dilip Gupta, President, and P. Anjani Kumar, Technical Member. The appellant was represented by Mehul Jiwani and […]

Notice - Customs - recovery - Drawback - Non-Realisation - Exports Proceeds - Taxscan

Notice from Customs for recovery of Drawback on Non-Realisation of Exports Proceeds

May 17, 2022

Lot many exporters have started receiving notice from Customs department for recovery of Drawback as below : Notice Specimen : Sub: Non/Part Realization of Exports Proceed s for Drawback – reg. While monitoring the realization of exports proceeds for shipping bills filed between 01.04.2014 to 31.03.2018 through ADVAlT / RBI BRC module of CBlC, it […]

Documentary Evidence - ProveIdentity of Assessee - Burden - Proof lies - claiming - benefit - ITAT - Taxscan

When there is No Clear Documentary Evidence to Prove Identity of Assessee, the Burden of Proof lies on him claiming the benefit: ITAT [Read Order]

May 17, 2022

The Income Tax Appellate Tribunal (ITAT) Pune bench consisting of Partha Sarathi Chaudhury, Judicial Member and Dr. Dipak P. Ripote, Accountant Member held that when there is no clear documentary evidence to prove the identity of the assessee the burden of proof lies on him claiming the benefit of being the assessee. The assessee was […]

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Re-Opening of Assessment against ITAT order is not Valid: ITAT [Read Order]

May 17, 2022

Galvanised Solar structure is Part of Solar Power Generation, Excise Duty Exemption Allowable: CESTAT [Read Order]

May 17, 2022

When there is No Clear Documentary Evidence to Prove Identity of Assessee, the Burden of Proof lies on him claiming the benefit: ITAT [Read Order]

May 17, 2022

No bar - Registration of Society - receiving Fund - Foreign Entity - ITAT - Taxscan

No bar for Registration of Society merely on ground of receiving Fund from Foreign Entity: ITAT [Read Order]

May 17, 2022

The Income Tax Appellate Tribunal (ITAT) Hyderabad held that there is no bar for registration of a society even though it receives fund from foreign entity. The Bench consisted of K. Narsimha Chary, Judicial Member and Bhagirath Mal Biyani, Accountant Member. The judgment was passed ex parte taking into consideration the absence of representation from […]

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