News

ITAT Delhi held that incentives in the form of excise duty refund, sales tax remission, sales/ VAT input tax refund received ...
ITAT Rajkot held that the reassessment notice under section 148 of the Income Tax Act has been issued without obtaining the ...
Ltd., has ruled that cash deposits made during the demonetization period, which are duly recorded in the assessee’s books of account, cannot be treated as unexplained money under Section 69A of the ...
Income Tax Appellate Tribunal (ITAT), Delhi bench, has registered the dismissal of an appeal filed by Flovel Energy Pvt. Ltd. for the assessment year 2017-18. The action was taken by the tribunal ...
Mumbai, has issued a ruling on the customs classification of a product described as ‘Timber Steel,’ a composite material used ...
Delhi High Court has dismissed an appeal filed by the Principal Commissioner of Income Tax (PCIT) against an order of the Income Tax Appellate Tribunal (ITAT) concerning the assessment of Punjab & ...
Given the trust’s failure to provide any explanation for its non-compliance, the ITAT decided to impose a cost of Rs. 5,000 on the trust. The trust is required to pay this amount to the Income Tax ...
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside orders from the Commissioner of Income Tax (Exemption) [CIT (E)] that had rejected applications for registration under Section 12A ...
The Commissioner (Appeals) had dismissed the company’s appeal (Appeal No. 212 of 2024) on the sole ground that the mandatory pre-deposit required under Section 107 of the Central Goods and Services ...
The core of the petitioner’s argument before the High Court was that a notice under Section 46 is a prerequisite for initiating assessment proceedings under Section 62. Without this prior notice and ...
Based on this information, the Assessing Officer (AO) initiated reassessment proceedings by issuing a notice under Section 148A (b) of the Income Tax Act, 1961. The AO’s preliminary view was that ...
Maa Kamakhya Trader Vs Additional Commissioner Grade 2 And Another (Allahabad High Court) In a significant ruling, the Allahabad High Court has asserted that once the Goods and Se ...