Determination of value of excisable goods for assessment falls within Exclusive Jurisdiction of SC u/s 35L of CEA: Jharkhand HC [Read Order]
In a significant ruling the Jharkhand High Court observed that the determination of value of excisable goods for assessment falls within exclusive...
![Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Bajaj-auto-ITAT-ITAT-Mumbai-Income-tax-act-Income-tax-on-bajaj-auto-Income-tax-deduction-on-depreciation-TAXCSAN.jpg "Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]")
![Excess Freight collected compared to freight paid to transporter not includable in assessable value of Excisable Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CESTAT-Ahmedabad-Freight-Freight-collection-Transporter-payment-in-excise-taxscan.jpg "Excess Freight collected compared to freight paid to transporter not includable in assessable value of Excisable Goods: CESTAT [Read Order]")
Reimbursement of Service Tax not to be included in aggregate of amounts in clauses (a) and (b) of Section 44BB (2) of Income Tax Act: SC dismisses SLP [Read Order]
The Supreme Court dismissed a special leave petition (SLP) in a matter regarding the ruling concerning the reimbursement of service tax not to be included in aggregate of amounts in clauses (a) and...
![Reimbursement of Service Tax not to be included in aggregate of amounts in clauses (a) and (b) of Section 44BB (2) of Income Tax Act: SC dismisses SLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/SC-dismisses-SLP-SUPREME-COURT-Reimbursement-of-Service-Tax-Service-Tax-Income-Tax-Act-Taxscan.webp "Reimbursement of Service Tax not to be included in aggregate of amounts in clauses (a) and (b) of Section 44BB (2) of Income Tax Act: SC dismisses SLP [Read Order]")
Declaration by the Company of tax arrears does not cover the tax arrears of the Directors: SC upholds HC judgment [Read Order]
A two member bench of the SC has dismissed the Special Leave Petition requesting for the waiving the liability of the Directors of Seville Products Ltd. The bench has held the proposal to impose...
75% Gross Profit Earned from Indian Operations: Delhi HC upholds Direction of the AO to Adopt Attribution Rate of Revenue [Read Order]
The Delhi High Court upheld the direction of the Assessing Officer ( AO ) to adopt the attribution rate of revenue as 75% gross profit earned from Indian operations. By the instant appeal, the...
SC issues interim order condoning delay in filing Special Leave Petition in JSW Steels case [Read Order]
The assessee, M/s. JSW Steel Ltd., imported 98,450 metric tons of Goonyella C Coking Coal for discharge at Marmagao Port which arrived on 14th April, 2017 and Bill of Entry No. 9375854 dated 20 th...
