![Service Tax Exemption allowable on Commission Received in Relation to General Insurance Under Government’s Various Schemes: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Service-Tax-Exemption-allowable-Commission-Received-Relation-�General-Insurance-Under-Governments-Various-Schemes-CESTAT-TAXSCAN.jpg "Service Tax Exemption allowable on Commission Received in Relation to General Insurance Under Government’s Various Schemes: CESTAT [Read Order]")
Service Tax Exemption allowable on Commission Received in Relation to General Insurance Under Government’s Various Schemes: CESTAT [Read Order]
The Ahmedabad bench Customs, Excise and Service Tax Appellate Tribunal (CESTAT) have held that service tax exemption is allowable on the commission...
![Physician Sample not for Retail Sale, Value Governed by Section 4 of Central Excise Act and Excise Duty to be Paid on Transaction Value: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Physician-Sample-Retail-Sale-Value-Governed-Central-Excise-Act-Excise-Duty-Paid-Transaction-Value-CESTAT-taxscan.jpg "Physician Sample not for Retail Sale, Value Governed by Section 4 of Central Excise Act and Excise Duty to be Paid on Transaction Value: CESTAT [Read Order]")
![Demand of Excise Duty Valid as the Transaction Done without Payment of Duty: CESTAT reduces Penalty under Rule 26 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Demand-Excise-Duty-Valid-the-Transaction-Done-without-Payment-Duty-CESTAT-reduces-Penalty.jpg "Demand of Excise Duty Valid as the Transaction Done without Payment of Duty: CESTAT reduces Penalty under Rule 26 [Read Order]")
![ITAT Upholds addition made on account of Trading in Penny Stock Shares of Shell Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Stock-share-addition-made-account-of-Trading-Penny-Stock-Shares-Shell-Company-ITAT-TAXSCAN.jpg "ITAT Upholds addition made on account of Trading in Penny Stock Shares of Shell Company [Read Order]")
Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has restricted the disallowance of expenses to 30% under Section 40(a)(ia) of the Income Tax Act 1961 as the assessee failed to provide...
![Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Failure-to-Provide-Details-Payee-ITAT-Restricts-Disallowance-Expenses-ITAT-TAXSCAN.jpg "Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]")
No penalty Leviable u/s 76 of Finance Act in absence of Element of Fraud, Collusion and Wilful suppression of fact: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal( CESTAT) has held that penalty under section 76 of the Finance Act, 1994 in the absence of elements of fraud, collusion...
![No penalty Leviable u/s 76 of Finance Act in absence of Element of Fraud, Collusion and Wilful suppression of fact: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Finance-Act-in-absence-Element-of-Fraud-Collusion-Wilful-suppression-of-fact-CESTAT-TAXSCAN.jpg "No penalty Leviable u/s 76 of Finance Act in absence of Element of Fraud, Collusion and Wilful suppression of fact: CESTAT [Read Order]")
Disallowance of Expenditure u/s 40(a)(ia) of Income Tax Act for Non-Deduction of TDS restricted to 30% Considering Curative Nature of Amendment to Finance Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the disallowance of expenditure under Section 40(a)(ia) of the Income Tax Act, 1961 for the non-deduction of Tax Deducted at...
![Disallowance of Expenditure u/s 40(a)(ia) of Income Tax Act for Non-Deduction of TDS restricted to 30% Considering Curative Nature of Amendment to Finance Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-of-Expenditure-Diallowance-Income-Tax-Act-Non-Deduction-TDS-restricted-ITAT-TAXSCAN.jpg "Disallowance of Expenditure u/s 40(a)(ia) of Income Tax Act for Non-Deduction of TDS restricted to 30% Considering Curative Nature of Amendment to Finance Act: ITAT [Read Order]")
Certificates being Issued by Qualified Professionals like CMA, CA etc cannot be Rejected for Want of Corroborative Evidence: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that Certificates when issued by qualified professionals like cannot be rejected for want of...
![Certificates being Issued by Qualified Professionals like CMA, CA etc cannot be Rejected for Want of Corroborative Evidence: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Certificates-being-Issued-by-Qualified-Professionals-Cost-Accountants-Chartered-Accounts-cannot-be-Rejected-corroborative-Evidence-CESTAT-TAXSCAN.jpg "Certificates being Issued by Qualified Professionals like CMA, CA etc cannot be Rejected for Want of Corroborative Evidence: CESTAT [Read Order]")
Material Found from Premises of Third Parties cannot be Utilized against Assessee for making Assessment u/s 143(3) r.w.s. 153A of IT Act :ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that material found from premises of third parties could not be utilized against assessee for assessment ...
![Material Found from Premises of Third Parties cannot be Utilized against Assessee for making Assessment u/s 143(3) r.w.s. 153A of IT Act :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Material-Found-from-Premises-Third-Parties-cannot-be-utilized-assessee-for-making-Assessment-ITAT-TAXSCAN.jpg "Material Found from Premises of Third Parties cannot be Utilized against Assessee for making Assessment u/s 143(3) r.w.s. 153A of IT Act :ITAT [Read Order]")
Deemed Dividends cannot be Taxed in the Hands of Non-Shareholders: ITAT Deletes Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the additional holding that the deemed dividends could not be taxed in the hands of non-shareholders. The Assessing Officer...
![Deemed Dividends cannot be Taxed in the Hands of Non-Shareholders: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deemed-Dividends-cannot-Taxed-in-the-Hands-of-Non-Shareholders-ITAT-Deletes-Addition-TAXSCAN.jpg "Deemed Dividends cannot be Taxed in the Hands of Non-Shareholders: ITAT Deletes Addition [Read Order]")
![Money Borrowed for Business Purpose is Allowable as Business Expenditure :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Money-Borrowed-for-Business-Purpose-Allowable-as-Business-Expenditure-TAXSCAN-3.jpg "Money Borrowed for Business Purpose is Allowable as Business Expenditure :ITAT [Read Order]")