![Air India cannot be deemed as Assessee in Default in respect of payment to AIESL: ITAT directs fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Air-India-Assessee-in-Default-payment-AIESL-ITAT-fresh-Adjudication-taxscan.jpeg "Air India cannot be deemed as Assessee in Default in respect of payment to AIESL: ITAT directs fresh Adjudication [Read Order]")
Air India cannot be deemed as 'Assessee in Default' in respect of payment to AIESL: ITAT directs fresh Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that Air India cannot be deemed as 'Assessee in Default' in respect of payment to Air...
![Typographical Error in Share Valuation Report will not attract Addition: ITAT remits matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Typographical-error-Share-valuation-report-ITAT-AO-taxscan.jpeg "Typographical Error in Share Valuation Report will not attract Addition: ITAT remits matter back to AO [Read Order]")
![Payment towards Buyback of Shares not Genuine: ITAT upholds Order against Cognizant Technology [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Payment-Buyback-of-Shares-ITAT-Cognizant-Technology-taxscan.jpeg "Payment towards Buyback of Shares not Genuine: ITAT upholds Order against Cognizant Technology [Read Order]")
![No GST on Payment to Overseas Commission Agent under RCM: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/GST-Payment-Overseas-Commission-Agent-Reverse-Charge-AAR-Taxscan.jpeg "No GST on Payment to Overseas Commission Agent under RCM: AAR [Read Order]")
![Doctrine of Unjust enrichment does not Apply to Payment of Duty by way of pre-deposit: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/payment-pre-deposit-CESTAT-taxscan.jpg "Doctrine of Unjust enrichment does not Apply to Payment of Duty by way of pre-deposit: CESTAT [Read Order]")
Interest on Maturity of Govt Bonds cannot be Taxed in the Year of Accrual solely because TDS Deduction by Bank: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Waseem Ahmed, Accountant Member and Shri Siddhartha Nautiyal, Judicial Member has held that the interest income...
![Interest on Maturity of Govt Bonds cannot be Taxed in the Year of Accrual solely because TDS Deduction by Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Interest-Govt-Bonds-TDS-Deduction-taxscan.jpg "Interest on Maturity of Govt Bonds cannot be Taxed in the Year of Accrual solely because TDS Deduction by Bank: ITAT [Read Order]")
Grant of Interest under Arbitral Award for Delayed Payment of Consideration: Bombay HC holds Recipient of Service situated in Taxable Territory bear Liability of GST [Read Order]
The single bench of Bombay High Court presided by Mr. Justice B. P. Colabawalla in the issue ofgrant of interest under Arbitral Award for delayed payment of consideration has held that recipient of...
![Grant of Interest under Arbitral Award for Delayed Payment of Consideration: Bombay HC holds Recipient of Service situated in Taxable Territory bear Liability of GST [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Interest-Payment-Bombay-HC-Service-Taxable-GST-taxscan.jpeg "Grant of Interest under Arbitral Award for Delayed Payment of Consideration: Bombay HC holds Recipient of Service situated in Taxable Territory bear Liability of GST [Read Order]")
Value of Scrap generated after Manufacture not Includable in Assessable Value: CESTAT quashes Excise Duty Demand [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the value of scrap arising during the process of manufacture and retained by the job worker is includible in the value of...
![Value of Scrap generated after Manufacture not Includable in Assessable Value: CESTAT quashes Excise Duty Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Scrap-Manufacture-CESTAT-Excise-Duty-Demand-taxscan.jpg "Value of Scrap generated after Manufacture not Includable in Assessable Value: CESTAT quashes Excise Duty Demand [Read Order]")
DGFT relaxes Provision of submission of 'Bill of Export' for supplies made to SEZ units in case of Advance Authorisation [Read Notification]
The Director-General of Foreign Trade (DGFT) has relaxed the provision of submission of 'Bill of Export' as an evidence of export obligation discharge for supplies made to SEZ units in case of...
![DGFT relaxes Provision of submission of Bill of Export for supplies made to SEZ units in case of Advance Authorisation [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/DGFT-Bill-of-Export-SEZ-units-Advance-Authorisation-taxscan.jpg "DGFT relaxes Provision of submission of Bill of Export for supplies made to SEZ units in case of Advance Authorisation [Read Notification]")
Absence of Strict Adherence to Ratio at the Time of Payment never leads to pay Double Tax: Karnataka HC [Read Order]
The Karnataka High Court has held that the absence of strict adherence to the ratio at the time of payment never leads to paying double tax. The respondent- M/s. Zyeta Interiors Pvt. Ltd., is a...
![Absence of Strict Adherence to Ratio at the Time of Payment never leads to pay Double Tax: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ratio-payment-double-tax-HC-taxscan.jpeg "Absence of Strict Adherence to Ratio at the Time of Payment never leads to pay Double Tax: Karnataka HC [Read Order]")
Belated Payment of Employee Contribution to PF/ESI Deposited before due date for filing Return of Income is Deductible u/s 43B: ITAT [Read Order]
The Allahabad Bench of Income Tax Appellate Tribunal ( ITAT ), has held that the belated payment of employee contribution to PF/ESI deposited before the due date for filing the return of income is...
![Belated Payment of Employee Contribution to PF/ESI Deposited before due date for filing Return of Income is Deductible u/s 43B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Payment-Employee-Contribution-PFESI-Deposited-Return-of-Income-ITA-taxscan.jpeg "Belated Payment of Employee Contribution to PF/ESI Deposited before due date for filing Return of Income is Deductible u/s 43B: ITAT [Read Order]")
CBIC exempts from maintaining Deposits in ECL under Customs Act up to November 29, 2022 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified that it is necessary and expedient so to do hereby exempts the deposits pertaining to all classes of persons and all categories of...
![CBIC exempts from maintaining Deposits in ECL under Customs Act up to November 29, 2022 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/CBIC-ECL-Customs-Act-taxscan.jpg "CBIC exempts from maintaining Deposits in ECL under Customs Act up to November 29, 2022 [Read Notification]")