![Not a case of Irreparable Loss when Party can be Compensated in terms of Money: Kerala HC upholds Payment of 30% of Disputed Tax under KVAT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Not-case-Irreparable-Loss-Party-Compensated-Money-Kerala-HC-Payment-Disputed-Tax-KVAT-Act-TAXSCAN.jpg "Not a case of Irreparable Loss when Party can be Compensated in terms of Money: Kerala HC upholds Payment of 30% of Disputed Tax under KVAT Act [Read Order]")
Not a case of Irreparable Loss when Party can be Compensated in terms of Money: Kerala HC upholds Payment of 30% of Disputed Tax under KVAT Act [Read Order]
In a major ruling the Kerala High Court observed that “When a party can be compensated in terms of money, it cannot be a case of suffering...
![Levy of Late Fees u/s 234E of Income Tax Act for Filing Delayed Previous TDS Return: Kerala HC quashes Intimation Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Levy-late-fees-Income-Tax-Act-filing-previous-TDS-return-Kerala-HC-intimation-order-TAXSCAN.jpg "Levy of Late Fees u/s 234E of Income Tax Act for Filing Delayed Previous TDS Return: Kerala HC quashes Intimation Order [Read Order]")
![No Commencement of Commercial Production of Aluminium, Benefit of Excise Notification not Allowable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Commencement-Commercial-Production-Aluminium-Benefit-Excise-CESTAT-TAXSCAN.jpg "No Commencement of Commercial Production of Aluminium, Benefit of Excise Notification not Allowable: CESTAT [Read Order]")
![Deduction Allowable on Warranty expenses of motor vehicles ascertained based on actual expenses incurred on settlement of warranty schemes in earlier years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deduction-Warranty-expenses-motor-vehicles-ascertained-actual-expenses-settlement-warranty-schemes-ITAT-TAXSCAN.jpg "Deduction Allowable on Warranty expenses of motor vehicles ascertained based on actual expenses incurred on settlement of warranty schemes in earlier years: ITAT [Read Order]")
Addition u/s 69A can't be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the addition under Section 69A of the Income Tax Act, 1961 cannot be made on the basis of an unsigned and unexecuted draft of an...
![Addition u/s 69A cant be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Unsigned-Unexecuted-Draft-Agreement-Sale-found-Soft-Copy-Third-Party-Premises-ITAT-TAXSCAN.jpg "Addition u/s 69A cant be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]")
Revenue Fails to Substantiate Allegation of Clandestine Removal of Scrap: CESTAT sets aside SCN Demanding Excise Duty [Read Order]
The Chandigarh bench of the Customs Excise and Service Tax (CESTAT) set aside the show cause notice (SCN) demanding excise duty as the revenue failed to Substantiate allegation of clandestine removal...
![Revenue Fails to Substantiate Allegation of Clandestine Removal of Scrap: CESTAT sets aside SCN Demanding Excise Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Revenue-Revenue-Fails-to-Substantiate-Allegation-Allegation-Clandestine-Removal-of-Scrap-Revenue-Fails-to-Substantiate-Allegation-of-Clandestine-Removal-of-Scrap-CESTAT-taxscan.jpg "Revenue Fails to Substantiate Allegation of Clandestine Removal of Scrap: CESTAT sets aside SCN Demanding Excise Duty [Read Order]")
Capital Gain Deduction u/s 54 Allowable in the Year of Handing Over of Possession, not in the Year of Payment of Consideration: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the capital gain deduction under Section 54 of the Income Tax Act, 1961 could be allowable in the year of handing over of...
![Capital Gain Deduction u/s 54 Allowable in the Year of Handing Over of Possession, not in the Year of Payment of Consideration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Capital-Gain-Deduction-Year-Handing-Possession-Year-Payment-Consideration-ITAT-TAXSCAN.jpg "Capital Gain Deduction u/s 54 Allowable in the Year of Handing Over of Possession, not in the Year of Payment of Consideration: ITAT [Read Order]")
Order Denying Credit in Supplementary Invoices Evidencing Payment of Service Tax for period Before Amendments made in Cenvat Credit Rule is not Valid: CESTAT [Read Order]
In a significant case, the Allahabad bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that an order denying credit in supplementary invoices evidencing payment of...
![Order Denying Credit in Supplementary Invoices Evidencing Payment of Service Tax for period Before Amendments made in Cenvat Credit Rule is not Valid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Order-Denying-Credit-Supplementary-Invoices-Payment-Service-Tax-Amendments-Cenvat-Credit-Rule-CESTAT-TAXSCAN.jpg "Order Denying Credit in Supplementary Invoices Evidencing Payment of Service Tax for period Before Amendments made in Cenvat Credit Rule is not Valid: CESTAT [Read Order]")
Amount Deducted by Foreign Banks Towards Banking Charges Are not Taxable under Banking And Other Financial Services: CESTAT [Read Order]
The Chennai Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the amount deducted by foreign banks towards banking charges is not taxable under banking and other...
![Amount Deducted by Foreign Banks Towards Banking Charges Are not Taxable under Banking And Other Financial Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Amount-Deducted-Foreign-Banks-Banking-Charges-Taxable-Banking-Financial-Services-CESTAT-TAXSCAN.jpg "Amount Deducted by Foreign Banks Towards Banking Charges Are not Taxable under Banking And Other Financial Services: CESTAT [Read Order]")
Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the allegation of Principal Commissioner of Income Tax (PCIT) that the assessee has under stated the revenue shown in ...
![Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allegation-Allegation-of-under-Statement-of-Revenue-Revenue-P-L-account-TDS-taxscan.jpg "Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]")
ITAT directs Deposit of Cost of Rs. 2,000 in PM Relief Fund for Failure to Cooperate Before Appellate Authority in Respect of Penalty Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT) Jaipur bench directed the deposit cost of Rs.2,000/- in the Prime Minister Relief Fund for failure to cooperate before appellate authority in respect of...
![ITAT directs Deposit of Cost of Rs. 2,000 in PM Relief Fund for Failure to Cooperate Before Appellate Authority in Respect of Penalty Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-directs-Deposit-ITAT-Deposit-PM-Relief-Fund-Appellate-Authority-Penalty-Proceedings-Taxscan.jpg "ITAT directs Deposit of Cost of Rs. 2,000 in PM Relief Fund for Failure to Cooperate Before Appellate Authority in Respect of Penalty Proceedings [Read Order]")