The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT )has held that no sufficient reason to prove income escaped assessment and dismissed revenue appeal for reopening the assessment. The Revenue is aggrieved by the action of the CIT(A) in holding that there was no sufficient reason available for the Assessing Officer to believe that […]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that foreign subsidiary company not providing technical knowledge to the assessee and holds that outsourcing charges are not taxable as Fees for Technical Services (FTS) under the Act and as Fees for Included Services (FIS) under the India-US Tax Treaty. The appellant...
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that cenvat credit is available in case of outward transportation for the services availed from the place of removal up to the customers place. The assessee, Phillips Carbon Black Limited approached the Tribunal contending that they are entitled for cenvat credit in […]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that the anti-dumping duty paid after the expiry of the period mentioned in the concerned notification shall be refundable to the importer. The appellant, M/s Abhilasha Impex Pvt. Limited filed Bill of Entry for import of 99.00 Mts. PVC Resin Emulsion Grade-E7006 […]
The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the statement made under section 14 of the Central Excise Act, 1944 becomes admissible evidence, when person is examined and his/her cross examination is allowed under Section 9D of Central Excise Act 1944. The appellant, M/s Sohni Ceramics was […]
The Bangalore Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT), has held that’ Simple Aluminium Plates’ are classifiable under 7606 1200 of Chapter Tariff Heading(CTH). The appellants M/s. Alufit India Pvt. LTD, who are engaged in Aluminium manufacturing, contended that they paid duty of import and clearance of ‘Aluminium Composite Material’ and ‘Aluminium […]
A two-judge bench of the Madras High Court has denied the benefit of exemption of urban land tax to Chennai Port Trust under the provisions of the Tamil Nadu Urban Land Tax Act of 1996. While considering an appeal filed by the State, Chief Justice Amreshwar Pratap Sahi and Justice Senthilkumar Ramamoorthy ruled that the […]
The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu and Kashmir. Earlier this month, the Union home ministry had empowered the union territory’s administration to impose the property tax following an amendment […]
The State of Gujarat has notified the revised rate of professional tax. Individuals, Hindu undivided families, and all associations/businesses/companies are liable to pay professional tax. However, the maximum amount that can be levied per person is Rs. 2500 in each financial year. Additionally, any professional tax paid is deducted from the total income tax liability of […]
Tuesday15th June, our next webinar under our SIMPLIFIED banner on the subject ‘Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward’ will be held between 5:00 PM and 7:00 PM. CA. NAVJOT SINGH will be our guest speaker for this webinar aimed at professionals and students alike. He has been an […]
Next Saturday, on 5th June, Taxscan is will be conducting the next program under our SIMPLIFIED banner. The Webinar will be on SEBI’s Proposed changes to the Framework of Promoters, Promoter Group & Independent Directors. CS Gaurav Pingle will be the speaker at this webinar aimed at professionals and students alike. Gaurav Pingle is an […]
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