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Draft Return Unrealistic, Books Absent: ITAT Deletes S.68 Additions, Estimates Liquor Firm’s Net Profit at 2.5% of Gross Sales [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, in for the Assessment Year 2017-18, partly allowed the appeal of the assessee, a...

Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holiday's...

Revenue Recognition under POCM Upheld for Vacation Ownership Plans: ITAT Partly Allows Sterling...

Customs Failed to Act on Remand Despite Representation: Madras HC Orders Adjudication of Gold...

GST Bar on Auction Sales Beyond Customs Jurisdiction: Madras HC Quashes Public Notice, Affirms GST...

Can Modvat Credit Be Refunded When Goods Are Later Found Non-Excisable? Supreme Court to Decide [Read Order]

The Supreme Court of India is set to decide whether Modvat credit used to pay duty on goods that were later found to be non-excisable can be refunded or reversed under the Central Excise Act, 1944. ...

DGCA-Approved Pilot Training Qualifies as Educational Service: Allahabad HC Remits Service Tax Matter for Re-Adjudication [Read Order]

The Allahabad High Court, in a recent ruling, remanded a GST (Goods and Services Tax) exemption dispute involving CAE Simulation Training Pvt. Ltd., holding that DGCA-approved pilot training...

Reassessment Order Passed Ex Parte After No Response to Notice: Madras HC Dismisses Writ as Infructuous, Permits Appeal [Read Order]

In a recent decision, the Madras High Court dismissed a writ petition challenging an ex parte reassessment order passed under Section 147 of the Income Tax Act, 1961, holding that the petitioner...

ITAT grants Delta Air Lines Inc. exemption under Article 8 of India-USA DTAA for Code Sharing Transportation [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) granted Delta Air Lines Inc. tax exemption on the income earned through Code Sharing arrangements and use of third-party aircraft under...

Mere Price Difference is No Proof of Misdeclaration: CESTAT Partly Allows Appeal in Customs Valuation Dispute [Read Order]

The Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that a mere difference in import prices between two importers does not constitute misdeclaration under the...

CESTAT Holds Type Test Charges Not Liable to Excise Duty Under Section 4: Quashes Demand and Penalty Against Crompton Greaves [Read Order]

The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) set aside the demand and penalty imposed on Crompton Greaves Ltd. for including “type test” charges in the...

GST Duty on Hajmola Candy Already Settled by SC: Allahabad HC Stays Fresh Proceedings Against Dabur India Ltd [Read Order]

In a significant development for Dabur India Ltd., the Allahabad High Court has granted interim relief by staying proceedings initiated under a GST show-cause notice concerning the classification...

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