![Nationalized Banks now liable for Minimum Alternate Tax after 2012 Income Tax Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Nationalized-Banks-Minimum-Alternate-Tax-ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-Finance-Act-taxscan.jpg "Nationalized Banks now liable for Minimum Alternate Tax after 2012 Income Tax Amendment: ITAT [Read Order]")
Nationalized Banks now liable for Minimum Alternate Tax after 2012 Income Tax Amendment: ITAT [Read Order]
In a significant ruling, the Special bench of Income Tax Appellate Tribunal ( ITAT ) of Mumbai held that nationalized banks are liable for Minimum...
![Absence of Cross Examination to Prove Clandestine Removal: CESTAT quashes Excise Duty Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CESTAT-CESTAT-Ahmedabad-Excise-Duty-Demand-Cross-Examination-Clandestine-Removal-taxscan.jpg "Absence of Cross Examination to Prove Clandestine Removal: CESTAT quashes Excise Duty Demand [Read Order]")
![25-Day Appeal Delay Due to Election Code of Conduct and Staff Ill Health: ITAT Restores Matter to CIT (A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Appeal-Delay-Election-Code-of-Conduct-Staff-Ill-Health-Commissioner-of-Income-Tax-taxscan.jpg "25-Day Appeal Delay Due to Election Code of Conduct and Staff Ill Health: ITAT Restores Matter to CIT (A) [Read Order]")
![CESTAT allows Cenvat Credit of Excise Duty Paid for Mild Steel Scrap on Strength of Invoices issued by Registered Dealers [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CESTAT-CESTAT-Delhi-Cenvat-Credit-Excise-Duty-Mild-Steel-Scrap-Registered-Dealers-taxscan.jpg "CESTAT allows Cenvat Credit of Excise Duty Paid for Mild Steel Scrap on Strength of Invoices issued by Registered Dealers [Read Order]")
![Penalty/Late Delivery Charges cannot be subjected to Service Tax u/s 66E of Finance Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Late-Delivery-Charges-Finance-Act-Section-66E-Finance-Act-Service-tax-exemption-CESTAT-Delhi-Service-Tax-taxscan.jpg "Penalty/Late Delivery Charges cannot be subjected to Service Tax u/s 66E of Finance Act: CESTAT [Read Order]")
Transferor's unfulfilled advance license obligations persist post-merger, does not extinguish Liabilities in Customs Duty: Madras HC [Read Order]
The Madras High Court ruled that the transferor's unfulfilled obligations under an advance license, including liabilities related to customs duty, persist post-merger and are not extinguished,...
![Transferors unfulfilled advance license obligations persist post-merger, does not extinguish Liabilities in Customs Duty: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Customs-Duty-Liabilities-in-Customs-Duty-Customs-duty-liabilities-after-merger-Unfulfilled-obligations-customs-duty-taxscan.jpg "Transferors unfulfilled advance license obligations persist post-merger, does not extinguish Liabilities in Customs Duty: Madras HC [Read Order]")
Relief to Ericsson: Supreme Court upholds deletion of ₹64.43 Cr Penalty u/s 271G of Income Tax Act [Read Judgement]
In a significant relief to Ericsson India Private Limited, the Supreme Court of India has upheld the deletion of the penalty imposed under Section 271G of the Income Tax Act, 1961. The penalty,...
![Relief to Ericsson: Supreme Court upholds deletion of ₹64.43 Cr Penalty u/s 271G of Income Tax Act [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/09/Supreme-Court-Ericsson-Income-Tax-Income-Tax-Act-Ericsson-India-penalty-Section-271G-Income-Tax-Act-Ericsson-India-tax-penalty-case-taxscan.jpg "Relief to Ericsson: Supreme Court upholds deletion of ₹64.43 Cr Penalty u/s 271G of Income Tax Act [Read Judgement]")
No Denial of Excise Duty Exemption on Assumption of Use of Goods for Manufacture w.r.t. DTA Clearances: CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), Ahmedabad Bench stated that Goods with Domestic Tariff Area ( DTA ) clearance, used for manufacturing of goods, cannot be denied...
![No Denial of Excise Duty Exemption on Assumption of Use of Goods for Manufacture w.r.t. DTA Clearances: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Excise-Duty-Exemption-Excise-Duty-Excise-duty-exemption-for-DTA-clearances-Domestic-Tariff-Area-Goods-manufacturing-excise-duty-taxscan.jpg "No Denial of Excise Duty Exemption on Assumption of Use of Goods for Manufacture w.r.t. DTA Clearances: CESTAT [Read Order]")
Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]
In a recent ruling, the Madras High Court set aside the Income Tax assessment order which was passed hastily without considering the taxpayer's submission amidst the approaching deadline. SKM...
![Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Income-Tax-Income-Tax-assessment-order-Tax-Assessment-Order-Without-Submission-Tax-news-taxscan.jpg "Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]")
Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]
The Karnataka High Court has declared that issuing a single consolidated Show Cause Notice ( SCN ) under Section 73 of the Goods and Services Tax ( GST ) Act for multiple assessment years is...
![Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Show-Cause-Notice-GST-GST-SCN-Goods-and-Services-Tax-Section-73-GST-Act-GST-assessment-taxscan.jpg "Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]")
Madras HC Quashes Reopening Assessment order u/s 148 based on grossly erroneous factual foundation is untenable-in-law [Read Order]
In a recent ruling, the Madras High Court quashed the reopening of the assessment order under Section 148, stating that it was based on a grossly erroneous factual foundation, rendering it untenable...
GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]
In a recent ruling, the Karnataka High Court has directed the GST ( Goods and Services Tax ) Department to restore a petitioner’s GST registration within four weeks, following an unjust cancellation....
![GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-GST-Dept-SCN-Show-cause-notice-Karnataka-High-Court-GST-registration-taxscan.jpg "GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]")