![Buying and selling Space on Ships does not Amounts to Service, Service Tax not Leviable on Such Markup: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Buying-selling-Space-Ships-Amounts-Service-Tax-Leviable-Such-Markup-CESTAT-TAXSCAN.jpg "Buying and selling Space on Ships does not Amounts to Service, Service Tax not Leviable on Such Markup: CESTAT [Read Order]")
Buying and selling Space on Ships does not Amounts to Service, Service Tax not Leviable on Such Markup: CESTAT [Read Order]
The Delhi bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that buying and selling space on ships does not amounts to...
![ITAT upholds enhanced addition relating to Advertising & Marketing Expense due to failure to substantiate Business Purpose [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Advertising-Marketing-Expense-Business-Purpose-taxscan.jpg "ITAT upholds enhanced addition relating to Advertising & Marketing Expense due to failure to substantiate Business Purpose [Read Order]")
![Failure to Issue Notice for Reassessment shall not be Curable u/s 292B of Income Tax Act: ITAT Quashes Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-Issue-Notice-Reassessment-Curable-Income-Tax-Act-ITAT-reassessment-order-TAXSCAN.jpg "Failure to Issue Notice for Reassessment shall not be Curable u/s 292B of Income Tax Act: ITAT Quashes Reassessment Order [Read Order]")
![Penalty Cant be Sustained on Fact that Notice Issued doesnt Disclose Specific Charge: ITAT deletes Penalty Imposed u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Penalty-Fact-Notice-Issued-Disclose-Specific-Charge-ITAT-Penalty-Imposed-Income-Tax-Act-ITAT.jpg "Penalty Cant be Sustained on Fact that Notice Issued doesnt Disclose Specific Charge: ITAT deletes Penalty Imposed u/s 271(1)(c) of Income Tax Act [Read Order]")
Bank Statement Needs to be Obtained Before Issuing Notice for Reassessment u/s 148: ITAT Deletes Income Tax Addition [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that the revenue authorities are expected at least to obtain the bank statement before issue of notice under Section 148 of the Income Tax...
![Bank Statement Needs to be Obtained Before Issuing Notice for Reassessment u/s 148: ITAT Deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Bank-Statement-Obtained-Issuing-Notice-Reassessment-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Bank Statement Needs to be Obtained Before Issuing Notice for Reassessment u/s 148: ITAT Deletes Income Tax Addition [Read Order]")
Amount paid for Resale of Computer Software through EULAs agreements doesn't amount to Deduction in TDS u/s 195 of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that amount paid for resale of computer software through End User License Agreement doesn’t amount to deduction in Tax under Section...
![Amount paid for Resale of Computer Software through EULAs agreements doesnt amount to Deduction in TDS u/s 195 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Amount-paid-Resale-Computer-Software-EULAs-agreements-amount-Deduction-TDS-ITAT-TAXSCAN.jpg "Amount paid for Resale of Computer Software through EULAs agreements doesnt amount to Deduction in TDS u/s 195 of Income Tax Act: ITAT [Read Order]")
Invoice or Challan issued by Provider of Input Service is a Relevant Document for Availing CENVAT credit u/r 9 of CENVAT credit rules: CESTAT [Read Order]
The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal held that the invoices or challan issued by the provider of input services was a relevant document for availing CENVAT...
![Invoice or Challan issued by Provider of Input Service is a Relevant Document for Availing CENVAT credit u/r 9 of CENVAT credit rules: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Invoice-Challan-Relevant-Document-CENVAT-credit-rules-CESTAT-TAXSCAN-1.jpg "Invoice or Challan issued by Provider of Input Service is a Relevant Document for Availing CENVAT credit u/r 9 of CENVAT credit rules: CESTAT [Read Order]")
No cash Paid for taking Reversal of Entry as Commission through Proper Banking Channel: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that no cash paid for taking reversal of entry as commission through proper banking channel by assessee. Hence, held that the revision order...
![No cash Paid for taking Reversal of Entry as Commission through Proper Banking Channel: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-cash-paid-taking-reversal-entry-commission-proper-banking-channel-ITAT-revision-order-TAXSCAN.jpg "No cash Paid for taking Reversal of Entry as Commission through Proper Banking Channel: ITAT quashes Revision Order [Read Order]")
Manufacturer of Final Product is Entitled to Take Credit of Excise Duty on Capital Goods received in Factory for Production of Final Product: CESTAT [Read Order]
The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the manufacturer of final products was entitled to take credit of excise duty on capital goods...
![Manufacturer of Final Product is Entitled to Take Credit of Excise Duty on Capital Goods received in Factory for Production of Final Product: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Manufacturer-Final-Product-Take-Credit-Excise-Duty-Capital-Goods-Factory-Production-Final-Product-CESTAT-TAXSCAN.jpg "Manufacturer of Final Product is Entitled to Take Credit of Excise Duty on Capital Goods received in Factory for Production of Final Product: CESTAT [Read Order]")
Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) observed that the purpose of granting subsidy under TUFS (Technology Up-gradation Fund Scheme) by the Ministry of Textiles, Government of India...
![Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-subsidy-TUFS-capital-receipt-growth-generation-employment-ITAT-TAXSCAN.jpg "Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]")
Benefit Allowed in Assessment shall not be withdrawn by exercising Power u/s 154 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that benefit allowed assessment orders should not be withdrawn by exercising power under Section 154 of Income Tax Act, 1961. The assessee...
![Benefit Allowed in Assessment shall not be withdrawn by exercising Power u/s 154 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Benefit-allowed-Assessment-withdrawn-exercising-Income-Tax-Act-ITAT-TAXSCAN.jpg "Benefit Allowed in Assessment shall not be withdrawn by exercising Power u/s 154 of Income Tax Act: ITAT [Read Order]")