NCLAT Delhi held that no error has been committed by the Adjudicating Authority in approving the Resolution Plan. Since the ...

Gauhati High Court held that gravity of charge against CIT (A) has been diluted when the ITAT has remanded the matter to the ...

CESTAT Allahabad held that customs duty leviable on manufacturing of stainless steel coils under Advance Authorisation Scheme ...

Madras High Court held that petitioner didn’t furnished the reply even after providing the extra time limit as requested by ...

2. 30,0001-, The Id. CIT erred in law as well as on the facts in confirming the imposition of penalty u/s 272A (1) (C) of Rs. 30,000/-. The penalty so imposed being totally contrary to the provisions ...

Madras High Court held that due to unwanted delay in de novo proceedings by the Additional Commissioner of Customs, the refund claim of redemption fine and penalty is directed to be processed.

The Joint Commissioner (“the Respondent-2”) issued another SCN on April 07, 2021 and granted final opportunity to the Petitioner for filing objections on or before April 12, 2021 and directed to ...

Madras High Court held that delay in filing returns of income and seeking refund thereof is condoned in terms coverage within the scope of the expression ‘genuine hardship’ in section 119 (2) (b) of ...

The AO, however, disallowed a portion of the interest expenditure under Rule 8D (2) (ii) of the Income Tax Rules, 1962, stating that the company had incurred interest expenses of Rs. 26,27,659. The AO ...

In a recent judgment, the Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) quashed additions made by the Assessing Officer (AO) to the declared income of taxpayer Kavita Samtani for the ...

A reference was made to a case involving a Bangalore-based taxpayer, Sri S. R. Ravishankar vs. PCIT, in which the tribunal ruled against revisions based on estimated valuations in search cases unless ...

Summary: The Central Board of Indirect Taxes and Customs (CBIC) clarified the GST compliance for schemes like “Buy One Get One Free” (BOGO) and secondary discounts through a circular issued on March 7 ...