![Penalty u/s 112(b) not sustained in Absence of Possession of Smuggled Gold bars by Assessee: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-absence-smuggled-assessee-CESTAT-TAXSCAN.jpg "Penalty u/s 112(b) not sustained in Absence of Possession of Smuggled Gold bars by Assessee: CESTAT [Read Order]")
Penalty u/s 112(b) not sustained in Absence of Possession of Smuggled Gold bars by Assessee: CESTAT [Read Order]
The Customs, Excise &Service Tax Appellate Tribunal (CESTAT) of Ahmedabad bench held that the penalty under section 112(b) of the Customs...
![Excise Duty not demandable on broken Bottles of Beverages: CESTAT allows Pepsicos appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Excise-duty-demandable-beverages-CESTAT-Pepsicos-appeal-TAXSCAN.jpg "Excise Duty not demandable on broken Bottles of Beverages: CESTAT allows Pepsicos appeal [Read Order]")
![Booking Function does not amount to Substantial Business Activity: Delhi HC grants Relief to Travelport L P USA [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Booking-Function-Delhi-HC-Travelport-L-P-USA-TAXSCAN.jpg "Booking Function does not amount to Substantial Business Activity: Delhi HC grants Relief to Travelport L P USA [Read Order]")
![Monetary Limit of Rs. 50 Lakhs not applicable to Notice u/s 148 unless Time Barred: Delhi HC dismisses Writ Petition by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Monetary-Limit-Notice-Delhi-HC-dismisses-Assessee-TAXSCAN.jpg "Monetary Limit of Rs. 50 Lakhs not applicable to Notice u/s 148 unless Time Barred: Delhi HC dismisses Writ Petition by Assessee [Read Order]")
![PCIT is not empowered to Impose conditions to be Complied with by Assessee, for granting Registration u/s 12AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/PCIT-assessee-registration-ITAT-taxscan.jpg "PCIT is not empowered to Impose conditions to be Complied with by Assessee, for granting Registration u/s 12AB: ITAT [Read Order]")
![Transport Services of Goods amounts to GTA: CESTAT allows Refund Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Services-GTA-CESTAT-Refund-Claim-TAXSCAN.jpg "Transport Services of Goods amounts to GTA: CESTAT allows Refund Claim [Read Order]")
Supply from DTA to SEZ: CESTAT allows CENVAT Credit Claim by ArcelorMittal Nippon Steel India [Read Order]
In a major relief to ArcelorMittal Nippon Steel India Pvt. Ltd. (Formerly Essar Steel India Ltd.), the Hyderabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that, Cenvat...
![Supply from DTA to SEZ: CESTAT allows CENVAT Credit Claim by ArcelorMittal Nippon Steel India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/DTA-SEZ-CESTAT-CENVAT-ArcelorMittal-Nippon-Steel-TAXSCAN.jpg "Supply from DTA to SEZ: CESTAT allows CENVAT Credit Claim by ArcelorMittal Nippon Steel India [Read Order]")
Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]
Ina major setback to M/s Akzonobel India Private Limited, the Delhi High Court has dismissed the appeal and held that every Assessment Year is a separate unit which is governed by its own peculiar...
![Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Delhi-HC-dismisses-Appeal-Akzonobel-TAXSCAN.jpg "Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]")
Department can't Advantageous on Ignorance of Assessee in Securing relief: ITAT restores issue of Deduction to file of AO [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the department can’t advantageous of the ignorance of the assessee in securing relief and restored the issue to the file of...
![Department cant Advantageous on Ignorance of Assessee in Securing relief: ITAT restores issue of Deduction to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Department-advantageous-assessee-ITAT-deduction-AO-TAXSCAN.jpg "Department cant Advantageous on Ignorance of Assessee in Securing relief: ITAT restores issue of Deduction to file of AO [Read Order]")
![Penalty u/s 271 (1) (c)cannot be imposed for Unsustainable Claims: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-imposed-unsustainable-claims-ITAT-TAXSCAN.jpeg "Penalty u/s 271 (1) (c)cannot be imposed for Unsustainable Claims: ITAT [Read Order]")
Replacement of Spare Parts includes in regular repairs and maintenance shall be treated as Revenue Expenditure: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that replacement of spare parts includes in regular repairs and maintenance shall be treated as revenue...
![Replacement of Spare Parts includes in regular repairs and maintenance shall be treated as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Replacement-spare-parts-regular-repairs-maintenance-shall-expenditure-ITAT-TAXSCAN.jpg "Replacement of Spare Parts includes in regular repairs and maintenance shall be treated as Revenue Expenditure: ITAT [Read Order]")
No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench held that no fresh addition can be made for assessment already completed after proper enquiry on absence of incriminating material. The...
![No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/addition-assessment-proper-enquiry-incriminating-material-ITAT-TAXSCAN.jpg "No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]")