Begin with the only mutual fund category that offers tax deduction under Section 80C, i.e., Equity-Linked Savings Scheme ...

Given these findings, CESTAT held that the revocation of the customs broker’s license, the forfeiture of the security deposit, and the imposition of the penalty could not be sustained. The tribunal ...

Delhi ITAT dismisses Revenue’s appeal as tax effect is below Rs 60 lakh monetary limit per CBDT circulars. Assessee’s cross objections withdrawn; ITAT Dismisses Revenue Tax Appeal Over Low Tax Effect; ...

The case centered on SAD paid on goods imported through three Bills of Entry in April, May, and June 2017. Varian Medical Systems subsequently applied for a refund of the SAD paid, a common provision ...

Jharkhand High Court, in the case of Jayanti Devi Urmaliya Vs Union of India, has modified the dismissal order of a late Central Industrial Security Force (CISF) personnel, converting it to compulsory ...

Reiterating its own stance in M/s Vacmet India Ltd., where it was held that stock transfer between units within the state, in the absence of a provision making such transfers taxable, does not attract ...

Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, has sent a tax appeal back to the Assessing Officer for a fresh assessment, despite the taxpayer’s failure to respond to multiple notices during ...

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Bangalore Bench, has allowed appeals filed by Nokia India Sales Pvt. Ltd., overturning lower authorities’ decisions and clearing the ...

The Income Tax Appellate Tribunal (ITAT), Kolkata bench, has allowed appeals filed by Bagla Agro Limited for the assessment years (AY) 2019-20 and 2021-22, deleting an addition made by the Assessing ...

This clear pronouncement from the Delhi High Court, classifying donations received towards the corpus of the trust as ...

Applying the principle laid down by the Supreme Court in the CEAT Ltd. case, the ITAT concluded that the conditions precedent for reopening the assessment beyond the four-year period were not met. The ...

17. In L.R. Sharma (supra), the Hon’ble Delhi High Court has referred the judgment of the Hon’ble Gujarat High Court in Siddhi Vinayak Syntex Pvt. Ltd. v. Union of India reported in 2017 (352) E.L.T.