Tax Guru24m
Rejection of application for registration u/s. 10(23C) for acts not yet undertaken is not justifiable
ITAT Nagpur held that rejecting application for registration u/s. 10 (23C) of the Income Tax Act for the acts which have not yet been undertaken by the assessee is not justifiable. Such presupposition ...
Tax Guru46m
No data from NIDB could form the basis for Enhancement of Value under Customs Act
8. Reading Rule 3 (i) and Rule 4 (1) together, it is clear that a mandate has been cast on the authorities to accept the price actually paid or payable for the goods in respect of the goods under ...
Tax Guru54m
Re-assessment notice u/s. 148 sent to unrelated e-mail address is invalid service of notice
ITAT Delhi held that re-assessment notice issued under section 148 of the Income Tax Act and sent to unrelated e-mail address is regarded as never served to assessee and hence re-assessment order ...
Tax Guru53m
GST notice served only through GST portal is not valid service of notice
Madras High Court held that service of GST notice only through GST portal is not service of notice in compliance with Section 169 of TNGST. Hence, assessment order passed thereon is liable to be ...
Tax Guru57m
Set off of unabsorbed depreciation against short term capital gains allowed
ITAT Mumbai held that assessee is permitted to set off unabsorbed depreciation pertaining to AY 1997-98 to 2001-02 against short term capital gains. Accordingly, AO is directed to delete the addition ...
Tax Guru40m
ITAT Indore Deletes Addition for Property Investment, Accepts Loan from Brother & Wife’s Payment as Sources
The Indore Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an appeal filed by Shoukat Mohd. Khan against an order of the Commissioner of Income-Tax (Appeals)-3, Bhopal [“CIT (A)”]. The ...
Tax Guru38m
Mining Without EC Not Automatically Illegal; IT Dept May Invoke Sec 37(1) If Declared Illegal – Orissa HC
Orissa High Court has dismissed an appeal filed by the Principal Commissioner of Income Tax (Central) against Tarini Minerals Pvt. Ltd., pertaining to assessment years 2008-2009 to 2010-2011. The ...
Tax Guru38m
Delhi HC direct Customs to Release Engraved Gold Kada of Indian Tourist
2. The present petition has been filed by the Petitioner- Mr. Sai Kiran Goud Tirupathi under Article 226 of the Constitution of India inter alia seeking setting aside of the seizure of the gold Kada ...
Tax Guru40m
Orissa HC reduces GST Appeal Pre-deposit to 10% for GSTAT Constitution Delay
The petitioner further informed the court that subsequent notifications from both the Central and State revenue authorities had modified the deposit requirement for the stay, reducing it to 10% of the ...
Tax Guru40m
ITAT Hyderabad Directs CIT(A) to Reconsider ₹3.56 Cr Undisclosed Transactions
The learned Departmental Representative (DR) argued for the dismissal of the assessee’s appeal, citing the assessee’s consistent failure to appear or submit any written submissions before both the ...
Tax Guru38m
Declared Import Value Cannot Be Rejected Arbitrarily: CESTAT Chennai
Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has ruled in favor of Sri Aisvaresvaraya Imports, setting aside an order by the Commissioner of Customs that had ...
Tax Guru40m
Calcutta HC Stays Customs Show-Cause Notice Against Hinduja Global Solutions
Hinduja Global Solutions Limited & Anr. Vs Union of India & Ors. (Calcutta High Court) Calcutta High Court has granted an interim stay on a show-cause notice issued by the Princip ...