No Obvious Error: AAR Rejects Mitsubishi’s Application for Rectification of Error of Advance Ruling [Read Order]
In a recent ruling before Authority for Advance Ruling ( AAR ) the application for rectification of Mitsubishi Electric India Pvt. Ltd. was...
![ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husbands Demise [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Chandigarh-Income-Tax-Ex-parte-order-by-ITAT-TAXSCAN.jpeg "ITAT sets aside Ex-Parte addition of Rs. 29.5 lakh due to assessee’s Illness and Husbands Demise [Read Order]")
![Powder Coating for Yokes, Links, and Tubes Constitutes Works Contract, Liable to VAT: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Madras-High-Court-Value-Added-Tax-Powder-coating-tubes-TAXSCAN.jpg "Powder Coating for Yokes, Links, and Tubes Constitutes Works Contract, Liable to VAT: Madras HC [Read Order]")
PCCIT’s or Director General's Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashed reassessment proceedings because the approval was wrongly obtained from the Principal Commissioner of Income Tax ( PCIT ) instead of...
![PCCIT’s or Director Generals Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-tax-Income-Tax-Reassessment-Director-General-PCIT-PCCIT-Approval-Director-General-Approval-taxscan.jpg "PCCIT’s or Director Generals Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]")
Order must be Erroneous and Prejudicial to Revenue Interests for Invoking S.263 of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that for invoking Section 263 of the Income Tax Act,1961 an order must be both erroneous and prejudicial to the interests of the...
![Order must be Erroneous and Prejudicial to Revenue Interests for Invoking S.263 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Income-tax-Income-Tax-Act-Revenue-Interests-Income-Tax-Appellate-Tribunal-taxscan.jpeg "Order must be Erroneous and Prejudicial to Revenue Interests for Invoking S.263 of Income Tax Act: ITAT [Read Order]")
PCIT's S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) ruled that the Principal Commissioner of Income Tax's (PCIT) action under Section 263 was invalid as it constituted an impermissible second...
![PCITs S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-PCIT-Principal-Commissioner-of-Income-Tax-Section-263-TAT-news-TAXSCAN.jpg "PCITs S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]")
Appeal against Demand under Central Excise (Valuation) Rules Rejected on limitation: CESTAT directs to provide Opportunity to overcome Impediment of Maintainability [Read Order]
The Mumbai bench of the Customs , Excise and Service Tax Appellate Tribunal ( CESTAT ) directed the department to provide one opportunity to overcome the impediment of maintainability as the appeal...
![Appeal against Demand under Central Excise (Valuation) Rules Rejected on limitation: CESTAT directs to provide Opportunity to overcome Impediment of Maintainability [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Mumbai-Central-Excise-Rules-Impediment-of-Maintainability-Customs-and-excise-taxscan.jpg "Appeal against Demand under Central Excise (Valuation) Rules Rejected on limitation: CESTAT directs to provide Opportunity to overcome Impediment of Maintainability [Read Order]")
Extended Time Limit for Employers for TDS Deposits from Oct 1, 2024: Here's Why Employees need not Worry
Starting October 1, 2024, new rules on Tax Deducted at Source ( TDS ) have relaxed the deposit deadlines for employers. Under these revised rules, companies now have additional time to deposit TDS...
Two GST SCN for same AY issued by different Officers, Leading to Non-reply to one SCN: Madras HC directs to Issue Fresh Order [Read Order]
In a recent ruling, the Madras High Court directed to issue fresh orders on matters where two Goods and Services Tax ( GST ) notices were issued by the different GST officers for the same Assessment...
![Two GST SCN for same AY issued by different Officers, Leading to Non-reply to one SCN: Madras HC directs to Issue Fresh Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Madras-High-Court-GST-SCN-AY-Taxscan.jpg "Two GST SCN for same AY issued by different Officers, Leading to Non-reply to one SCN: Madras HC directs to Issue Fresh Order [Read Order]")
Duplicate Income Tax Appeal filed by Revenue Not Maintainable: ITAT dismisses Infructuous Appeal against Geojit Financial [Read Order]
In a recent ruling, the Cochin bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the duplicate income tax appeal filed by the Revenue against Geojit Financial Services Ltd as it was...
![Duplicate Income Tax Appeal filed by Revenue Not Maintainable: ITAT dismisses Infructuous Appeal against Geojit Financial [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cochin-Income-Tax-Income-Tax-Appeal-Duplicate-income-tax-appeal-ITAT-dismisses-Appeal-taxscan.jpg "Duplicate Income Tax Appeal filed by Revenue Not Maintainable: ITAT dismisses Infructuous Appeal against Geojit Financial [Read Order]")