Belated Submission of Claims to Liquidator due to Medical Difficulty of Officer in Charge: NCLT Condones 92 Days Delay [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT)condoned 92 days delay as the liquidators delayed to submit claims due to medical...
![Nexus Aspect cannot be Questioned while dealing with Refund Applications filed u/r 5 of CCR: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Nexus-Aspect-cannot-be-Questioned-Refund-Applications-filed-CCR-CESTAT-TAXSCAN.jpg "Nexus Aspect cannot be Questioned while dealing with Refund Applications filed u/r 5 of CCR: CESTAT [Read Order]")
![CESTAT Set Asides Denial of CENVAT Credit on Information Technology Software Services on ground of CENVAT Credit Eligibility [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Information-Technology-Software-Services-CESTAT-CENVAT-Credit-TAXSCAN.jpg "CESTAT Set Asides Denial of CENVAT Credit on Information Technology Software Services on ground of CENVAT Credit Eligibility [Read Order]")
![CENVAT Credit of Service Tax Admissible in Refund proceeding in Absence of any proceeding initiated u/r 14 of CCR: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-CENVAT-Credit-Service-Tax-CCR-TAXSCAN.jpg "CENVAT Credit of Service Tax Admissible in Refund proceeding in Absence of any proceeding initiated u/r 14 of CCR: CESTAT [Read Order]")
![CESTAT grants Cenvat Credit on Supply of Inputs by Manufacturers of Copper [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Manufacturers-of-Copper-CESTAT-Cenvat-Credit-taxscan.jpg "CESTAT grants Cenvat Credit on Supply of Inputs by Manufacturers of Copper [Read Order]")
CESTAT upholds Demand of Cenvat Credit of Service Tax paid on Outdoor Catering Service for Normal Period [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the demand of cenvat credit of service tax paid on outdoor catering service for normal period. The...
![CESTAT upholds Demand of Cenvat Credit of Service Tax paid on Outdoor Catering Service for Normal Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-Cenvat-Credit-Outdoor-Catering-Service-taxscan.jpg "CESTAT upholds Demand of Cenvat Credit of Service Tax paid on Outdoor Catering Service for Normal Period [Read Order]")
Floor Bed Area Open to sky and Balcony Area below Floor level doesn't form part of Constructed Area, Deduction u/s 80IB(10) shall be allowed: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the floor bed area open to the sky and balcony area below the floor level doesn’t form part of the constructed area and shall be...
![Floor Bed Area Open to sky and Balcony Area below Floor level doesnt form part of Constructed Area, Deduction u/s 80IB(10) shall be allowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Appellate-Tribunal-ITAT-Floor-Bed-Area-sky-and-Balcony-Area-TAXSCAN.jpg "Floor Bed Area Open to sky and Balcony Area below Floor level doesnt form part of Constructed Area, Deduction u/s 80IB(10) shall be allowed: ITAT [Read Order]")
Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made on the corpus fund and held that the receipt of compensation for hardship is in the nature of capital receipt...
![Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Receipt-of-Compensation-Capital-Receipt-ITAT-deletes-Addition-TAXSCAN.jpg "Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]")
Exemption u/s 54EC shall not be allowed when Investment has not been made during Period of limitation provided u/s 54EC: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that exemption under Section 54EC of the Income Tax Act, 1961 shall not be allowed when the investment has not been made during the...
![Exemption u/s 54EC shall not be allowed when Investment has not been made during Period of limitation provided u/s 54EC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Investment-Income-Tax-Act-TAXSCAN.jpg "Exemption u/s 54EC shall not be allowed when Investment has not been made during Period of limitation provided u/s 54EC: ITAT [Read Order]")
Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench held that the reference to the Transfer Pricing Officer for transfer pricing adjustment towards the Specified Domestic Transaction (SDT) under...
![Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/TPO-income-tax-Reference-to-TPO-for-TP-ITAT-taxscan.jpg "Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]")
Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of setoff of unabsorbed depreciation carried forward from earlier years against income from capital gains shall be...
![Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Depreciation-income-tax-news-Capital-Gains-shall-be-permitted-TAXSCAN.jpg "Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]")