![Form 67 Deemed Directory, Not Mandatory: ITAT Rules FTC Claim Should Not Be Denied for Late Submission [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Bangalore-ITAT-Income-Tax-Appellate-Authority-Form-67-Deemed-Directory-FTC-Rules-FTC-Rule-128-of-the-Income-Tax-Rules-late-filing-of-Form-67-Foreign-Tax-Credit-TAXSCAN.jpg "Form 67 Deemed Directory, Not Mandatory: ITAT Rules FTC Claim Should Not Be Denied for Late Submission [Read Order]")
Form 67 Deemed Directory, Not Mandatory: ITAT Rules FTC Claim Should Not Be Denied for Late Submission [Read Order]
The Bangalore Bench of Income Tax Appellate Authority ( ITAT ) ruled that Foreign Tax Credit should not be denied just because of late filing of Form...
![Failure to Comply 2 Year Old Guidelines for Cancelling GST Registration: Gujarat HC criticizes GST Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Gujarat-High-Court-Gujarat-HC-GST-GST-Registration-GST-Registration-Cancellation-taxscan.jpg "Failure to Comply 2 Year Old Guidelines for Cancelling GST Registration: Gujarat HC criticizes GST Authority [Read Order]")
![CESTAT Confirms Correct Classification of Imported Brake Pad Materials under CTH 6813, Limits Differential Duty Demand to Normal Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Brake-Pad-Materials-site-img.jpg "CESTAT Confirms Correct Classification of Imported Brake Pad Materials under CTH 6813, Limits Differential Duty Demand to Normal Period [Read Order]")
No forgery/misuse unveiled by DGFT Licensing Authorities: CESTAT quashes Customs Penalty on VABL License Holder [Read Order]
In a recent ruling, the Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) quashed the Customs Penalty on VABL License Holders as the DGFT Licensing Authorities...
![No forgery/misuse unveiled by DGFT Licensing Authorities: CESTAT quashes Customs Penalty on VABL License Holder [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CESTAT-CESTAT-Mumbai-Customs-Tax-Excise-Tax-Customs-Excise-and-Service-Tax-Appellate-Tribunal-Taxscan.jpg "No forgery/misuse unveiled by DGFT Licensing Authorities: CESTAT quashes Customs Penalty on VABL License Holder [Read Order]")
Transactions made prior to 2008 Service Tax Rules Amendment not Liable to Rule 6 Retrospectively: CESTAT [Read Order]
Recently, the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) held that transactions made prior to the May 10, 2008 amendment of the Service Tax Rules are not liable to Rule 6...
![Transactions made prior to 2008 Service Tax Rules Amendment not Liable to Rule 6 Retrospectively: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CESTAT-Service-tax-transactions-Service-Tax-Act-TAXSCAN.jpeg "Transactions made prior to 2008 Service Tax Rules Amendment not Liable to Rule 6 Retrospectively: CESTAT [Read Order]")
Karnataka HC Upholds Deletion of Disallowance of Short Term Capital Loss Citing Monetary Limit Circular [Read Order]
The court upheld the decision of the Income Tax Appellate Tribunal ( ITAT ) to delete the disallowance of short-term capital loss claimed by M/s Agnus Holdings Pvt. Ltd. and dismissed the Revenue’s...
![Karnataka HC Upholds Deletion of Disallowance of Short Term Capital Loss Citing Monetary Limit Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Disallowance-Short-Term-Capital-Loss-Karnataka-HC-Capital-Loss-Taxscan.jpg "Karnataka HC Upholds Deletion of Disallowance of Short Term Capital Loss Citing Monetary Limit Circular [Read Order]")
CVD at 10% Levied on Insoluble Sulphar Despite ‘Nil’ Excise Duty: CESTAT sets aside Order [Read Order]
The Bangalore bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) has overturned the assessing authority's order imposing a 10% Countervailing Duty (CVD) on insoluble sulfur,...
![CVD at 10% Levied on Insoluble Sulphar Despite ‘Nil’ Excise Duty: CESTAT sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/site-imd-7.jpg "CVD at 10% Levied on Insoluble Sulphar Despite ‘Nil’ Excise Duty: CESTAT sets aside Order [Read Order]")
Madras HC Orders Widow to Deposit ₹2.5 Lakh Against ₹57.7 Lakh Demand as pre-deposit on Income from Ancestral Property Sale [Read Order]
In a recent decision, the Madras High Court has directed a widow to deposit ₹2.5 lakh as pre-deposit against a demand of ₹57.7 lakh raised by the Income Tax Department. The court did not support the...
![Madras HC Orders Widow to Deposit ₹2.5 Lakh Against ₹57.7 Lakh Demand as pre-deposit on Income from Ancestral Property Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/madras-High-Court-Madras-HC-Property-Sale-Ancestral-Property-Sale-Widow-to-Deposit-HC-Orders-pre-deposit-TAXSCAN.jpg "Madras HC Orders Widow to Deposit ₹2.5 Lakh Against ₹57.7 Lakh Demand as pre-deposit on Income from Ancestral Property Sale [Read Order]")
![Time-Barred GST Demand Order not Sustainable: Gauhati HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-Demand-Order.jpg "Time-Barred GST Demand Order not Sustainable: Gauhati HC [Read Order]")