Service Tax

Assessee couldn’t avail Benefit of Service Tax Amnesty Scheme due to Covid-19: Delhi HC asks Govt to consider Extension of Scheme [Read Order]

May 4, 2022

Service Tax - levied - total receipt - falling - threshold limit - penalty - Finance Act - CESTAT - Taxscan

Service Tax cannot be levied for Total Receipt falling below Threshold limit of 10 Lakh, No penalty under Finance Act: CESTAT [Read Order]

April 25, 2022

Sale of Goods - Importer - Legally Prohibited - CESTAT - Penalty - Taxscan

Sale of Goods by Importer to Another not Legally Prohibited: CESTAT quashes Penalty [Read Order]

April 15, 2022

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No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]

May 5, 2022

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 […]

B. Com - CA - vacancy - Maruti Suzuki - Taxscan

B. Com, CA vacancy in Maruti Suzuki

May 5, 2022

The Maruti Suzuki has invited applications for the post of Tax Analyst – DTX. Responsibilities: Transaction analysis for identfying TDS and tax implications – both domestic and international tax. Handling TDS and TCS compliances – payments, filings, assessments and appeals. Preparation and Filing of Income Tax Returns Hands on on Tax Audit and Corporate Tax Assessments […]

Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]

May 5, 2022

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 […]

Cenvat Credit available in case of Outward Transportation for Services availed from the Place of Removal up to Customers Place: CESTAT [Read Order]

May 5, 2022

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 […]

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No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]

May 5, 2022

Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]

May 5, 2022

Cenvat Credit available in case of Outward Transportation for Services availed from the Place of Removal up to Customers Place: CESTAT [Read Order]

May 5, 2022

Calcutta HC - Re-Assessment - 148A Notice - Assessee - taxscan

Calcutta HC quashes Re-Assessment for want of Sec 148A Notice: Imposes Rs. 5000 Cost on Assessee [Read Order]

May 5, 2022

The Calcutta High Court has quashed a re-assessment order on the ground of non-compliance of section 148A notice as per the Income Tax Act, 1961 and directed the petitioner Matrix Commodeal Pvt. Ltd. to pay a cost of Rs. 5000 petitioner to the Calcutta High Court Legal Services Committee. Petitioner was aggrieved by the issuance […]

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