![‘Natural Rock Phosphate’ Imported Goods are Not considered as ‘Fertilizers’ under FCO and Ineligible to Claim Exemption of SAD under Exemption Notification : CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Natural-Rock-Phosphate-Imported-Goods-are-Not-considered-Fertilizers-FCO-and-Ineligible-to-Claim-Exemption-of-SAD-under-Exemption-Notification-CESTAT-TAXSCAN.jpg "‘Natural Rock Phosphate’ Imported Goods are Not considered as ‘Fertilizers’ under FCO and Ineligible to Claim Exemption of SAD under Exemption Notification : CESTAT [Read Order]")
‘Natural Rock Phosphate’ Imported Goods are Not considered as ‘Fertilizers’ under FCO and Ineligible to Claim Exemption of SAD under Exemption Notification : CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the natural rock phosphate of imported goods is not...
![Bombay HC Upholds Rejection of Refund of Disputed Income Tax on ground of Non Disclosure of Proper Calculation of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Bombay-HC-Upholds-Rejection-of-Refund-of-Disputed-Income-Tax-on-ground-of-Non-Disclosure-of-Proper-Calculation-of-Income-Tax-TAXSCAN-1.jpg "Bombay HC Upholds Rejection of Refund of Disputed Income Tax on ground of Non Disclosure of Proper Calculation of Income Tax [Read Order]")
![No disallowance on claim of prior Period Expenses on Customs Duty paid due to unable to Perform Export:ITAT [ Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/disallowance-claim-prior-Period-Expenses-Customs-Duty-Perform-Export-ITAT.jpg "No disallowance on claim of prior Period Expenses on Customs Duty paid due to unable to Perform Export:ITAT [ Read Order]")
![Rejection of Refund Claim of Custom Duty filed u/s 27 of Customs Act on ground of Delay in filing Due to Covid-19 Pandemic: CESTAT Allows Refund Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Rejection-Rejection-of-Refund-Claim-Rejection-of-Refund-Claim-Rejection-of-Refund-Claim-of-Custom-Duty-taxscan.jpg "Rejection of Refund Claim of Custom Duty filed u/s 27 of Customs Act on ground of Delay in filing Due to Covid-19 Pandemic: CESTAT Allows Refund Claim [Read Order]")
![Income Tax on sum received from Mother-in-Law by way Settlement of case in Court: ITAT directs Fresh Adjudication on ground of failing to make enquiry of correctness of claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Tax-sum-Mother-in-Law-Settlement-case-Court-ITAT-directs-taxscan.jpg "Income Tax on sum received from Mother-in-Law by way Settlement of case in Court: ITAT directs Fresh Adjudication on ground of failing to make enquiry of correctness of claim [Read Order]")
Re-calculation of Refund Receivable to Claim Interest on Refunds: ITAT Condones Delay of 98 Days [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) restored the matter to the file of the Assessing Officer (AO) for proper verification and calculation of refund receivables to grant...
![Re-calculation of Refund Receivable to Claim Interest on Refunds: ITAT Condones Delay of 98 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Re-calculation-of-Refund-Receivable-to-Claim-Interest-on-Refunds-ITAT-Condones-Delay-TAXSCAN.jpg "Re-calculation of Refund Receivable to Claim Interest on Refunds: ITAT Condones Delay of 98 Days [Read Order]")
Mere Delay of Developer to Handover Possession of Flat would not Vitiate Claim of Assessee: ITAT Allows Capital Gain Deduction [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that mere delay on the part of the developer to hand over the possession of the flat would not vitiate the claim of the assessee and...
![Mere Delay of Developer to Handover Possession of Flat would not Vitiate Claim of Assessee: ITAT Allows Capital Gain Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Delay-of-Developer-Possession-of-Flat-Flat-Claim-ITAT-Capital-Gain-Deduction-Capital-Gain-Deduction-ITAT-Allows-Capital-Gain-Deduction-taxscan.jpg "Mere Delay of Developer to Handover Possession of Flat would not Vitiate Claim of Assessee: ITAT Allows Capital Gain Deduction [Read Order]")
Claim on Loss of Sale of Discarded Assets Rejected due to Invalid Filing of Income Tax Returns: ITAT Directs Re-adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the rejection of a claim on loss of sale of discarded assets due to invalid filing of...
![Claim on Loss of Sale of Discarded Assets Rejected due to Invalid Filing of Income Tax Returns: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-Loss-of-Sale-Claim-on-Loss-of-Sale-Discarded-Assets-Invalid-Filing-of-Income-Tax-Returns-Income-Tax-Returns-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-taxscan.jpg "Claim on Loss of Sale of Discarded Assets Rejected due to Invalid Filing of Income Tax Returns: ITAT Directs Re-adjudication [Read Order]")
AO Disallows 85% Accumulation Claim on Grounds that Form 10 Lacks Specific Purpose of such Claim: ITAT directs Re-adjudication [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication of 85% accumulation claim disallowed by the Assessing Officer (AO) on the ground of no...
![AO Disallows 85% Accumulation Claim on Grounds that Form 10 Lacks Specific Purpose of such Claim: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-AO-Disallow-Accumulation-Claim-Form-10-Specific-Purpose-Claim-directs-Re-adjudication-taxscan.jpg "AO Disallows 85% Accumulation Claim on Grounds that Form 10 Lacks Specific Purpose of such Claim: ITAT directs Re-adjudication [Read Order]")
No Requirement for Educational Institutions to Obtain Yearly Certificate to Claim Property Tax Exemption under Karnataka Municipalities Act: Karnataka HC [Read Order]
The Karnataka High Court recently held that there is no requirement for educational institutions to obtain yearly certificate to claim property tax exemption under the Karnataka Municipalities Act,...
IBBI suspends IP for Non-Submission of Supporting Documents with CoC meeting Notices and Failure to Verify Claims of Homebuyers [Read Order]
The Insolvency Board of India (IBBI) has suspended the Insolvency Professional (IP) for 2 years for non-submission of supporting documents with the CoC meeting notices. Also, the IP has failed...
Penalty Imposed u/s271(1)(c) of Income Tax Act without Application of Mind: ITAT Set asides Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the penalty imposed under section 271(1)(c) of the Income Tax Act,1961 by the assessing officer without the application of...
![Penalty Imposed u/s271(1)(c) of Income Tax Act without Application of Mind: ITAT Set asides Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Section-2711c-of-Income-Tax-Act-Application-of-mind-Deduction-claim-set-aside-order-ITAT-income-tax-act-income-tax-without-application-of-mind-taxscan.jpg "Penalty Imposed u/s271(1)(c) of Income Tax Act without Application of Mind: ITAT Set asides Order [Read Order]")