No Appeal under Section 61 may be Filed Against an Order which is not Covered by Part II of I & B Code: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) held that since the Impugned Order does not fall to be a part of any of the...
![CESTAT Annual Digest 2024: Indirect Tax Cases [Part 13]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Annual-Digest-2024-Indirect-Tax-Cases-Part-13-Annual-Digest-2024-Indirect-Tax-Cases-taxscan.jpg "CESTAT Annual Digest 2024: Indirect Tax Cases [Part 13]")
![CESTAT Annual Digest 2024: Indirect Tax Cases [Part 11]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Annual-Digest-2024-Annual-Digest-2024-Indirect-Tax-Cases-Part-11-Indirect-Tax-Cases-taxscan.jpg "CESTAT Annual Digest 2024: Indirect Tax Cases [Part 11]")
![Buyer’s Premises as Place of Removal in FOR Destination Sales: CESTAT allows CENVAT Credit for GTA Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Cenvat-Credit-Service-CESTAT-TAXSCAN.jpg "Buyer’s Premises as Place of Removal in FOR Destination Sales: CESTAT allows CENVAT Credit for GTA Services [Read Order]")
ITAT Orders Income Estimation at 12.5% of Gross Receipts Instead of Disallowing Entire Entries as Bogus Due to Potential Expense Inflation [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) ordered income estimation at 12.5% of gross receipts instead of disallowing entire entries as bogus due to potential expense...
![ITAT Orders Income Estimation at 12.5% of Gross Receipts Instead of Disallowing Entire Entries as Bogus Due to Potential Expense Inflation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Services-in-Forms-Receipt-of-Patent-Registered-Outside-India-Patent-Registered-Outside-India-Receipt-of-Patent-cestat-taxscan.jpg "ITAT Orders Income Estimation at 12.5% of Gross Receipts Instead of Disallowing Entire Entries as Bogus Due to Potential Expense Inflation [Read Order]")
Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of V Durga Rao, Judicial Member and Manoj Kumar Aggarwal, Accountant Member held that expenditure incurred exclusively for business to...
![Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenditure-business-assessee-income-ITAT-taxscan.jpg "Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]")
Forex loss used for Working Capital Purpose of Assessee is a Revenue Expenditure and shall be allowed as Deduction u/s 37(1): ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the forex loss/liabilities used for the working capital purpose of the assessee is a revenue expenditure and shall be allowed...
![Forex loss used for Working Capital Purpose of Assessee is a Revenue Expenditure and shall be allowed as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Capital-Purpose-Expenditure-Forex-loss-TAXSCAN.jpg "Forex loss used for Working Capital Purpose of Assessee is a Revenue Expenditure and shall be allowed as Deduction u/s 37(1): ITAT [Read Order]")
Reopening of Assessment u/s 147 can't be initiated after Expiry of 4 years on basis of failure of assessee in deducting TDS on Interest Payment: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of the assessment under Section 147 of the Income Tax Act, 1961 cannot be initiated after the expiry of 4 years...
![Reopening of Assessment u/s 147 cant be initiated after Expiry of 4 years on basis of failure of assessee in deducting TDS on Interest Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/TDS-ITAT-Interest-Assessment-TAXSCAN.jpg "Reopening of Assessment u/s 147 cant be initiated after Expiry of 4 years on basis of failure of assessee in deducting TDS on Interest Payment: ITAT [Read Order]")
Relief to MRF: CESTAT allows Re-Credit of Cenvat Credit as Capital Goods are used In Manufacture of Final Products [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) allowed re-credit of cenvat credit as capital goods are used in manufacture of final products, thereby granting...
![Relief to MRF: CESTAT allows Re-Credit of Cenvat Credit as Capital Goods are used In Manufacture of Final Products [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/MRF-Capital-Goods-are-used-In-Manufacture-of-Final-Products-CESTAT-taxscan-1.jpg "Relief to MRF: CESTAT allows Re-Credit of Cenvat Credit as Capital Goods are used In Manufacture of Final Products [Read Order]")
Amount received for Renting of fit outs/movable properties would not fall under ‘Renting of immovable properties service’: CESTAT Quashes Service Tax Demand [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the amount received for renting fit-outs or movable properties would not fall under the category of...
![Amount received for Renting of fit outs/movable properties would not fall under ‘Renting of immovable properties service’: CESTAT Quashes Service Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Chennai-bench-CESTAT-Chennai-bench-Renting-of-immovable-properties-service-taxscan.jpg "Amount received for Renting of fit outs/movable properties would not fall under ‘Renting of immovable properties service’: CESTAT Quashes Service Tax Demand [Read Order]")