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Highlights / Annotations / Catch Notes For June of 2024

Home Highlights June June 2024 Year 2024

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Showing 151 to 200 of 937 Records

1 2 345 6 7 8........ 19

June 26, 2024 Case Laws Central Excise

HC: CENVAT Credit - Tax options switch in 2008-09 financial year. No record of Assessee exercising Rule 6(3)(i) option. Revenue appeal dismissed.
June 26, 2024 Case Laws Central Excise

CESTAT addressed refund issues on education cess and higher education cess. Court upheld part, set aside part.
June 26, 2024 Case Laws Central Excise

Rectification of mistake: Can't fix mistakes in certain final orders. Important to follow rulings.
June 26, 2024 Case Laws Indian Laws

The court ruled that employees & Union of a Corporation can claim permanent status under Tamil Nadu law if they meet certain conditions.
June 26, 2024 Case Laws Indian Laws

HC held that no proper investigation was conducted regarding the undeclared assets of the petitioner. No basis to proceed with trial.
June 26, 2024 Case Laws Indian Laws

Court ruled notice of dishonoured cheque served, essential conditions met for proceeding. No illegality found. Onus to prove claim at trial.
June 25, 2024 Case Laws GST

High Court ruled that multiple show cause notices can be issued to an individual and their business. Proper jurisdiction must be considered.
June 25, 2024 Case Laws GST

The court decided to accept the late appeals in GST case due to valid reasons provided by the petitioner.
June 25, 2024 Case Laws GST

Penalty proceedings under GST Act initiated after premises search deemed unjustified by High Court. Orders quashed.
June 25, 2024 Case Laws GST

Court rules in favor of petitioner in recovery case. Directed to supply demanded documents within 3 days. Petition allowed to reply within 10 days.
June 25, 2024 Case Laws Income Tax

High Court held no penalty for belated TDS remittance if reasonable cause shown. Failure to pay tax quickly due to govt delay not penalized.
June 25, 2024 Case Laws Income Tax

Pre-paid sales tax = capital receipt, not taxable. Benefits from licenses = hypothetical income, not taxable until realized. Fire loss insurance claim not received = not taxable.
June 25, 2024 Case Laws Income Tax

High Court ruled in favor of taxpayer on unexplained cash credit issue, allowing telescopic benefit of income surrendered during survey.
June 25, 2024 Case Laws Income Tax

Profit from sale of agricultural land exempt from tax cannot be added to books profit for MAT calculation. ITAT decision in favor of assessee.
June 25, 2024 Case Laws Income Tax

Trust donations for capital asset not taxable income per ITAT. Donations treated as subsidy = capital receipts.
June 25, 2024 Case Laws Income Tax

Addition of bogus LTCG disallowed due to off-market purchase in cash. Exemption denied as payments were non-verifiable. Upheld by ITAT.
June 25, 2024 Case Laws Income Tax

Interest income from unutilised government grants not taxable per Tribunal's earlier order. Sponsorship expenditure treated as revenue expense.
June 25, 2024 Case Laws Income Tax

Appeal allowed due to delay explained, order cancellation without DIN void, show cause notices redundant, registration cancellation annulled.
June 25, 2024 Case Laws Income Tax

Penalty issue: AO didn't specify charges or record proper satisfaction. Vague notice invalidates penalty. Assessee wins!
June 25, 2024 Case Laws Income Tax

Exemption for income from property held for charity - 85% must be used for charity. Trust's income limited to 85%. Legal issue resolved.
June 25, 2024 Case Laws Income Tax

Trust's 80G(5) approval denied due to unclear religious expenses. Case sent back for review.
June 25, 2024 Case Laws Income Tax

Interest income from FDs with SCDCC Bank allowed as deduction under 80P(2)(a)(i). Revision under sec 263 not valid. Appeal allowed.
June 25, 2024 Case Laws Benami Property

Benami property case - Appellate Tribunal overturns decision, confirms property attachment. Lack of evidence on transaction legitimacy.
June 25, 2024 Case Laws Customs

CESTAT ruled on the classification of imported Zinc. Revenue's claim rejected due to insufficient evidence. Appeal dismissed.
June 25, 2024 Case Laws Customs

CESTAT: After NCLT approves resolution plan, appeal can't continue. Tribunal can't act beyond its powers. Appeal abates.
June 25, 2024 Case Laws Companies Law

Court held impugned order lacked prima facie case for info called u/s 206 of Companies Act, 2013. No finding of fraud or unlawful conduct by petitioner.
June 25, 2024 Case Laws Insolvency and Bankruptcy

The request to extend the Pre-packaged Insolvency Resolution Process for Kethos Tiles Private Limited was denied. Resolution plan not approved within 120 days
June 25, 2024 Case Laws Service Tax

Appellant wins case against service tax demand on construction services. Tribunal rules in favor based on evidence and limitations.
June 25, 2024 Case Laws Central Excise

Waste oils turned into usable lubricating oils not considered manufacturing. Appellant qualifies for SSI exemption.
June 24, 2024 Case Laws GST

Legal battle over tax classification: Is it a composite supply or mixed supply? Court sees abuse of process of law. HC admitted the petition for further hearing.
June 24, 2024 Case Laws GST

High Court ruled audit notice under Central GST Act valid if not same subject as State GST proceedings. No restriction in statute. Petition dismissed.
June 24, 2024 Case Laws GST

Court rules in favor of company, allowing payment of GST dues in installments. Bank account attachment lifted. Justice served
June 24, 2024 Case Laws GST

Cancellation of GST registration found unlawful due to lack of personal hearing. Order set aside. Respondents directed to review petitioner's request within two weeks.
June 24, 2024 Case Laws GST

Violation of natural justice found as petitioner not given fair hearing. Order quashed, matter remanded for review.
June 24, 2024 Case Laws Income Tax

High Court ruled on extending stay beyond 365 days by ITAT. SC uphold the earlier decision; appeal cannot be entertained.
June 24, 2024 Case Laws Income Tax

Reopening of assessment under sec 147 with no response to sec 148A notice - Petitioner's remedy is to file an appeal for document disclosure.
June 24, 2024 Case Laws Income Tax

Tax Tribunal ruled no addition to income without proof of seized docs related to assessment year. Appeal dismissed.
June 24, 2024 Case Laws Income Tax

Penalty for non-compliance with notice deleted! Assessee's reasonable cause accepted. Appeal allowed.
June 24, 2024 Case Laws Income Tax

Cash found during search was explained. Bank statements showed withdrawals matching cash found. No proof cash was from elsewhere. Appeal allowed.
June 24, 2024 Case Laws Income Tax

PCIT dismissed appellant's appeal without hearing. Issue on expenditure. PCIT needed to consider all info. Remitted back for fresh decision.
June 24, 2024 Case Laws Income Tax

ITAT decision on deductions for a credit society: Allowed for interest from credit facilities to members; Not allowed for interest from staff loans.
June 24, 2024 Case Laws Income Tax

Revision u/s 263: Tribunal rules in favor of depreciation claim on goodwill and Trade name. Assessment order was neither erroneous nor prejudicial to revenue.
June 24, 2024 Case Laws Income Tax

Tribunal: 1) Provision on standard assets is allowable as per RBI norms 2) Addition on bad debts provision set aside for re-evaluation
June 24, 2024 Case Laws Income Tax

Employee claimed standard deduction on salary & ex-gratia under bonafide impression. No malafide intention found, penalty quashed.
June 24, 2024 Case Laws Customs

CESTAT ruled in favor of appellant in dispute over moisture content in Iron Ore export. Transaction value followed, appeal allowed.
June 24, 2024 Case Laws Customs

CESTAT ruled in favor of appellant on misinterpretation of Customs Act. Tug & bunkers correctly classified. Appeal allowed.
June 24, 2024 Case Laws Customs

Appeals was rejected without deciding merits. Appellant's right to fair assessment upheld. Remanded for proper review.
June 24, 2024 Case Laws Customs

CESTAT ruled in favor of exporter for Denial of Drawback claims due to lack of samples/testing. Export proceedings to be verified.
June 24, 2024 Case Laws Customs

Appellate Tribunal rectifies mistake in Export Bills, adds Advance License details. Amendment allowed under Customs Act.
June 24, 2024 Case Laws Customs

Appeal halted due to Insolvency Resolution Plan approval by NCLT. Tribunal rules appeal abates, following Rule 22.

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