Top Stories Relief to Toyota: CESTAT Sets aside Order Rejecting Refund of excess CENVAT credit being Contrary to S. 142(3) of CGST Act [Read Order] The transitional arrangements have been…
Top Stories NCLT have No Jurisdiction to Direct ED to Defreeze Corporate Debtor’s Account Frozen under PMLA: NCLT [Read Order] The panel ruled that when the Corporate Debtor's account was…
Top Stories Assessment Invalid due to Defective Satisfaction Note: ITAT Sets Aside PCIT’s Revisionary Order [Read Order] The ITAT found that the satisfaction note under Section 153C was issued in…
Top Stories Adani Infrastructure Gets Relief from ITAT: Revision Order Passed by PCIT Set Aside Due to Lack of Error and Prejudice [Read Order] The company argued that the compensation…
The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) ruled the appeal infructuous in a case concerning the denial of a Section 80P of Income Tax Act,1961 deduction…
Top Stories No Blocking of GST ITC w/o ‘Reasons to Believe’ and Opportunity for Hearing: Karnataka HC [Read Order] The ruling reinforces that ITC blocking is a severe and exceptional…
Top Stories How to Claim Tax Deduction on Donation Under Income Tax Act,1961? By Yogitha S. Yogesh - On July 8, 2024 2:56 pm - 6 mins read Donating to…
Top Stories Case digest on Deduction u/s 80 G of Income Tax Act By Aiswarya Krishnadas - On May 6, 2024 4:00 pm - 14 mins read What is Section…
The Commissioner of Income Tax (Appeals) [CIT(A)] has determined that the Centralized Processing Centre (CPC) erred in restricting the rebate available under Section 87A. Thus, it allowed the 87A rebate…
Top Stories Rental Income from Business Assets to be Taxed Under ‘Income from House Property’, Not as Business Income: ITAT [Read Order] The ITAT ruled that rental income from business…