![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]")
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...
![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]](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 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]")
CESTAT quashes Service Tax Demand on ‘Management, Maintenance and Repair Services’ on ground of Limitation [Read Order]
The Chennai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) quashed the service tax demand on management, maintenance, and repair services on the grounds of...
![CESTAT quashes Service Tax Demand on ‘Management, Maintenance and Repair Services’ on ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CESTAT-Maintenance-and-Repair-Services-repair-services-taxscan.jpg "CESTAT quashes Service Tax Demand on ‘Management, Maintenance and Repair Services’ on ground of Limitation [Read Order]")
CENVAT credit of Excise Duty allowable to Warranty and AMC services provided by a common service provider as common input services for both manufacturing unit and corporate office: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the warranty and Annual Maintenance Contract (AMC) service provided by a common service provider as...
![CENVAT credit of Excise Duty allowable to Warranty and AMC services provided by a common service provider as common input services for both manufacturing unit and corporate office: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CENVAT-credit-Excise-Duty-Allowable-to-Warranty-Customs-Excise-and-Service-Tax-Appellate-Tribunal-TAXSCAN.jpg "CENVAT credit of Excise Duty allowable to Warranty and AMC services provided by a common service provider as common input services for both manufacturing unit and corporate office: CESTAT [Read Order]")
Relief to Acer India: CESTAT Quashes Recovery of Availed CENVAT Credit of Excise Duty on ground of Lack of Jurisdiction [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) granted relief to Acer India by quashing the recovery of availed CENVAT credit of excise duty on the grounds of...
![Relief to Acer India: CESTAT Quashes Recovery of Availed CENVAT Credit of Excise Duty on ground of Lack of Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Relief-to-Acer-India-CESTAT-Quashes-Recovery-of-Availed-CENVAT-Excise-Duty-on-ground-Lack-of-Jurisdiction-TAXSCAN.jpeg "Relief to Acer India: CESTAT Quashes Recovery of Availed CENVAT Credit of Excise Duty on ground of Lack of Jurisdiction [Read Order]")
No Service Tax Leviable on Institute conducting coaching and Training for issue of Pilot certificate which is recognized by law: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the service tax cannot be levied on the institute conducting coaching and training for the issue of a...
![No Service Tax Leviable on Institute conducting coaching and Training for issue of Pilot certificate which is recognized by law: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/institute-conducting-Pilot-Certifcate-CESTAT-Chennai-bench-taxscan.jpg "No Service Tax Leviable on Institute conducting coaching and Training for issue of Pilot certificate which is recognized by law: CESTAT [Read Order]")
Penalty imposed for Abetting Clearance of Goods: CESTAT reduces Penalty as Main notice Settled Dispute under SVLDR Scheme [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) reduced the Penalty imposed for abetting clearance of goods as the main notice settled dispute under Sabha Vishwas...
![Penalty imposed for Abetting Clearance of Goods: CESTAT reduces Penalty as Main notice Settled Dispute under SVLDR Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/SVLDR-Scheme-CESTAT-Chennai-bench-Penalty-taxscan.jpg "Penalty imposed for Abetting Clearance of Goods: CESTAT reduces Penalty as Main notice Settled Dispute under SVLDR Scheme [Read Order]")