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Highlights / Annotations / Catch Notes For 2024

Home Highlights Year 2024

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Showing 4551 to 4600 of 9427 Records

1 ....88 89 90 919293 94 95 96........ 189

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.
June 24, 2024 Case Laws Central Excise

Court rules against appellant in excise duty refund case. Duty was passed to buyer. Appellant failed to prove otherwise.
June 24, 2024 Case Laws Central Excise

Goods not marketable=not liable for excise duty. Penalties unwarranted.
June 24, 2024 Case Laws Central Excise

CESTAT ruled in favor of 100% EOU on duty demand for furnace oil consumption for electricity generation. No diversion found. Appeal allowed.
June 24, 2024 Case Laws Central Excise

CESTAT ruled in favor of appellant companies, stating they're not related entities as per law. Price based on market value valid, no evidence of overpricing. Time limit barred the case.
June 24, 2024 Case Laws Central Excise

Appellant not asked to prove customers received goods. Revenue didn't check if goods were cleared. Refund claim approved, Revenue appeal dismissed.
June 24, 2024 Case Laws VAT and Sales Tax

Legal Issue: Are power sprayers taxable at 4% under Schedule-IV or not? Court held they're taxable under Schedule-IV.
June 24, 2024 Case Laws VAT and Sales Tax

The court found that the tax officer did not provide a fair hearing, leading to an unjust tax assessment.
June 24, 2024 Case Laws VAT and Sales Tax

State Govt can grant exemption to categories other than registered dealers under CST Act. Judgment supports this view. No refund without proof of unjust enrichment.
June 24, 2024 Case Laws Indian Laws

Accused acquitted in cheque dishonour case as signature not denied. Trial judge's decision upheld, appellate judge's ruling set aside.
June 24, 2024 Case Laws Indian Laws

Court rules dishonored cheque case: Notice clear, plea recorded in accused's words. No trial plea not valid. Petition dismissed.
June 24, 2024 Case Laws Service Tax

Company's appeal dismissed due to missing authorization docs. But, Board Resolution not always needed for private limited companies. Remanded for further review.
June 23, 2024 News GST

GST Council's 53rd meeting: waived penalties for certain tax notices, reduced litigation, eased compliance & ITC, adjusted GST rates on goods/services, and more.
June 22, 2024 Case Laws GST

High Court: Classic Malabar Parota = Chapter 1905 or 2106? Similarity to products in Chapter 19 = exclusion not justified. Stay granted for two months.
June 22, 2024 Case Laws GST

Petition granted! Court orders restoration of GST registration for petitioner-Firm after clearing all dues.
June 22, 2024 Case Laws GST

Court finds excessive tax demand compared to initial notice. Order dated 06.11.2023 canceled.
June 22, 2024 Case Laws GST

Reminder notices were sent, but no reply. Petitioner given chances to provide evidence, yet failed to do so. Writ petition dismissed.
June 22, 2024 Case Laws Income Tax

Unexplained investment discrepancy ruled in favor of assessee by appellate tribunal. No proof of payment, addition not justified.
June 22, 2024 Case Laws Income Tax

Validity of penalty proceedings u/s 270A found flawed; AO didn't specify relevant clauses. Penalty cancelled.
June 22, 2024 Case Laws Income Tax

Claim of bogus capital gain on penny stock shares denied. Dept. relied on investigation report, but no evidence of collusion found. Assessee granted benefit u/s 10(38) by Appellate Tribunal.
June 22, 2024 Case Laws Income Tax

Court rules disallowance under Sec 14A without exempt income not valid. Can't apply new rule retroactively. Prev year's disallowance rejected.
June 22, 2024 Case Laws Income Tax

Tax Tribunal ruled assessment u/s 153A needs incriminating material. No abated assessment found, held in favor of assessee.
June 22, 2024 Case Laws Income Tax

Appellate Tribunal ruled in favor of non-resident company from Singapore regarding TDS on sub contract charges. No TDS deduction required.
June 22, 2024 Case Laws Income Tax

ITAT ruled in favor of assessee for depreciation claim. Also confirmed assessee's charitable status for tax exemption for STPI.
June 22, 2024 Case Laws Income Tax

Tax credit granted for Tega Industries restored for verification. Corporate guarantee with AE = international transaction. Corporate guarantee fee set at 0.5%.
June 22, 2024 Case Laws Income Tax

Final assessment orders for AY 2017-18 & 2018-19 passed beyond time limit. Orders quashed.
June 22, 2024 Case Laws Income Tax

A public trust running a school for disabled kids denied registration. Tribunal orders another chance to prove charitable activities.
June 22, 2024 Case Laws Income Tax

Assessee didn't keep books of account, so penalty u/s 271B is incorrect. Penalty revoked.
June 22, 2024 Case Laws Income Tax

Personal Effect: Car sale loss claimed as capital loss for setoff. Whether car used for personal/business matters. Car is not capital asset if for personal use.
June 22, 2024 Case Laws Income Tax

Non-profit Trust denied permanent registration u/s 12AB. Tribunal rules premature application. Trust can reapply for final registration.
June 22, 2024 Case Laws Income Tax

Additions u/s 69 and 69A, with tax u/s 115BBE: Ex part order challenged due to CIT(A) not considering assessee's grounds. Appeal set aside for fresh hearing.
June 22, 2024 Case Laws Income Tax

Only add difference between genuine & bogus purchases. Loan interest: More evidence accepted. New documents = new review. Fresh unsecured loan: Further review needed due to new lender documents.
June 22, 2024 Case Laws Income Tax

Appeal Tribunal condoned the delay in filing an appeal caused by CA's negligence. Opportunity for justice granted.
June 22, 2024 Case Laws Customs

Appeal delay condoned after 3 days. Petitioner to donate Rs. 25,000 to K.E.M. Hospital. Order quashed, appeal to be heard by August 31.
June 22, 2024 Case Laws Customs

CESTAT ruled on valuation of imported Slack Wax/Residue Wax, rejecting value enhancement without evidence. Commissioner's decision upheld.
June 22, 2024 Case Laws Customs

Appellate Tribunal grants duty exemption for Palladium, Nylon Resin, and Gold plating solution post realignment of tariff headings. Commissioner's denial overturned.
June 22, 2024 Case Laws Companies Law

The Court ruled in favor of appellant in a dispute over transfer of shares. City Civil Court has jurisdiction, not NCLT.

1 ....88 89 90 919293 94 95 96........ 189

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