No Applicability of Limitation Period of 3 Years u/s 149 (1)(a) of Income Tax Act when Income Escaped Assessment is More than Rs.50 lakhs: Kerala HC [Read Order]

A Single Bench of the Kerala High Court observed that there is no applicability of limitation period of 3 years under Section 149 (1)(a) of the Income Tax Act, 1961…

Continue ReadingNo Applicability of Limitation Period of 3 Years u/s 149 (1)(a) of Income Tax Act when Income Escaped Assessment is More than Rs.50 lakhs: Kerala HC [Read Order]

Capital Gain Account Scheme towards Cost of Improvement of Residential Property Acquired is Eligible for Deduction u/s 54F of Income Tax Act: ITAT [Read Order]

Top Stories Capital Gain Account Scheme towards Cost of Improvement of Residential Property Acquired is Eligible for Deduction u/s 54F of Income Tax Act: ITAT [Read Order] Capital Gain Account…

Continue ReadingCapital Gain Account Scheme towards Cost of Improvement of Residential Property Acquired is Eligible for Deduction u/s 54F of Income Tax Act: ITAT [Read Order]

ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order]

Top Stories ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order] ITAT allowed the claim of deduction under Section 80-IC…

Continue ReadingITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order]

Loans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order]

Top Stories Loans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order] ITAT…

Continue ReadingLoans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order]

Finger Print Readers having individual Functions cannot fall under CTH of Computer Accessories: CESTAT [Read Order]

The Bangalore bench of the Customs, Excise & Service Tax Appellate Tribunal( CESTAT ) has held that fingerprint readers having individual functions cannot fall under Customs Tariff Heading ( CTH…

Continue ReadingFinger Print Readers having individual Functions cannot fall under CTH of Computer Accessories: CESTAT [Read Order]

Revocation of Customs Broker Licence for more than 4 Years due to Facilitating Fraudulent Import and Export: CESTAT sets aside Revocation of License [Read Order]

The Chennai bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) set aside the revocation of the Customs Broker licence for more than 4 years due to…

Continue ReadingRevocation of Customs Broker Licence for more than 4 Years due to Facilitating Fraudulent Import and Export: CESTAT sets aside Revocation of License [Read Order]

DVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order]

Top Stories DVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order] The petitioner, registered under DVAT Act pre-CGST, never applied…

Continue ReadingDVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order]