![Plant and Machinery Held Over 36 Months Deemed Long-Term Capital Assets u/s 2 (42 A) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Plant-and-Machinery-Long-Term-Capital-Assets-Income-Tax-Act-ITAT-taxscan.jpg "Plant and Machinery Held Over 36 Months Deemed Long-Term Capital Assets u/s 2 (42 A) of Income Tax Act: ITAT [Read Order]")
Plant and Machinery Held Over 36 Months Deemed Long-Term Capital Assets u/s 2 (42 A) of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT) observed that plant and machinery held over 36 months deemed long-term capital...
![Welding Electrodes used for Repairing and Maintenance of Plant & Machinery are not involved in Manufacturing Process but are Inputs: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Welding-Electrodes-Repairing-and-Maintenance-of-Plant-Machinery-Machinery-Plant-Manufacturing-Process-Inputs-Rajasthan-High-Court-taxscan.jpg "Welding Electrodes used for Repairing and Maintenance of Plant & Machinery are not involved in Manufacturing Process but are Inputs: Rajasthan HC [Read Order]")
Oxygen and Acetylene Gas for Repairs and Maintenance of Plant and Machinery Eligible for CENVAT Credit: Rajasthan HC [Read Order]
In a recent ruling, Rajasthan High Court's, Oxygen Gas and Acetylene Gas, which are utilized for repairing and maintaining plant and machinery, can be classified as components, spares, or accessories...
![IBBI reprimands Plants and Machinery Valuer for Lack of Due Diligence in Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/IBBI-IBBI-reprimands-Plants-Plants-and-Machinery-Machinery-Diligence-in-Valuation-taxscan.jpg "IBBI reprimands Plants and Machinery Valuer for Lack of Due Diligence in Valuation [Read Order]")
Depreciation Allowable to Plant and Machinery Installed for Pilot Project Added to Existing Block: ITATÂ [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the depreciation to plant and machinery installed for pilot projects which were added to existing blocks. The assessee, Indorama...
![Depreciation Allowable to Plant and Machinery Installed for Pilot Project Added to Existing Block: ITATÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Depreciation-Depreciation-Allowable-to-Plant-and-Machinery-Pilot-Project-Pilot-Project-Added-to-Existing-Block-ITAT-taxscan.jpg "Depreciation Allowable to Plant and Machinery Installed for Pilot Project Added to Existing Block: ITATÂ [Read Order]")
Repair and Maintenance of Plant & Machinery not included in Input Service under Rule 2(1) of CENVAT Credit Rules: CESTAT upholds Service Tax Demand [Read Order]
The Chandigarh bench of Customs Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the repair and maintenance of plant and machinery is not included in the definition of Input service...
![Repair and Maintenance of Plant & Machinery not included in Input Service under Rule 2(1) of CENVAT Credit Rules: CESTAT upholds Service Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Repair-Maintenance-Repair-and-Maintenance-Plant-Machinery-Plant-Machinery-Input-Service-CENVAT-Credit-Rules-CESTAT-Service-Tax-Demand-Customs-Excise-Service-Tax-taxscan.jpg "Repair and Maintenance of Plant & Machinery not included in Input Service under Rule 2(1) of CENVAT Credit Rules: CESTAT upholds Service Tax Demand [Read Order]")
![Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Vehicles-Plant-and-Machinery-ITAT-Depreciation-Hired-Cars-Taxscan.jpg "Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]")
Corroborative Evidence to prove Cenvat Credit not taken on Goods: CESTAT invalidates Demand of Duty on Scrap from Maintenance of Plant & Machinery [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) invalidated the demand of duty on scrap from maintenance of plant & machinery when corroborative...
![Corroborative Evidence to prove Cenvat Credit not taken on Goods: CESTAT invalidates Demand of Duty on Scrap from Maintenance of Plant & Machinery [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Corroborative-Evidence-Evidence-Cenvat-Credit-CESTAT-Demand-of-Duty-Plant-and-Mechinery-taxscan.jpg "Corroborative Evidence to prove Cenvat Credit not taken on Goods: CESTAT invalidates Demand of Duty on Scrap from Maintenance of Plant & Machinery [Read Order]")
GST: Goods/ Services for Installation of Solar Power Panel are Plant and Machinery, ineligible for ITC, rules AAR [Read Order]
The Tamil Nadu Authority for Advance Ruling (AAR) held that the applicant, VBC Associates is not eligible for claim of Input Tax Credit (ITC), as per Section 17 (2) of the CGST /TNGST Act read with...
![GST: Goods/ Services for Installation of Solar Power Panel are Plant and Machinery, ineligible for ITC, rules AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/GST-Goods-Services-Solar-Power-Panel-Installation-of-Solar-Power-Panel-Plant-and-Machinery-ITC-AAR-taxscan.jpg "GST: Goods/ Services for Installation of Solar Power Panel are Plant and Machinery, ineligible for ITC, rules AAR [Read Order]")