Judgements and Orders, Supreme Court and High courts of India

SC upheld the validity of Rule 89(5) of CGST Rules i.e. Refund under Inverted Duty Structure restricted to Inputs only

Bimal Jain 14 September 2021 at 09:37

In the Union of India & Ors. v. VKC Footsteps India Pvt Ltd. [Civil Appeal No 4810, 4809, 4811, 4807, 4767, 4804, 4806, 4802, 4783, 4775-4781, 4769-4774, 4805, 4808, 4764-4765 of 2021 and Writ Petition (C) 489 of 2021 dated September 13, 2021], the c

Posted in GST | 437 Views

Taxability of unaccounted sale of scrap under the Income Tax Act

Poojitha Raam Vinay 13 September 2021 at 14:14

The present appeals have been fi led by the revenue against the orders of ld. CIT(A)-III, Delhi dated 15.09.2011 and 05.10.2011.

Posted in Income Tax | 175 Views

Provision of DTAA is applicable on the interest amount under the IT Act, clarifies ITAT

Poojitha Raam Vinay 13 September 2021 at 14:14

The present appeal has been filed by the assessee against the order passed by the ld. CIT(A)-44, New Delhi dated 06.01.2016.

Posted in Income Tax | 124 Views

Taxability of interest expenses not relatable to business activity conducted by the assessee company

Poojitha Raam Vinay 13 September 2021 at 14:14

These two cross appeals by Revenue and Assessee are filed against the order of Learned Commissioner of Income Tax (Appeals)-25, Delhi.

Posted in Income Tax | 134 Views

Disallowance of Commission paid to Directors by AO

Poojitha Raam Vinay 13 September 2021 at 14:13

This appeal by Revenue is filed against the impugned order of Learned Commissioner of Income Tax (Appeals)-16, New Delhi, [�Ld. CIT(A)�, for short], dated 30.01.2018 for Assessment Year 2014-15.

Posted in Income Tax | 158 Views

In case of credits in the name of third parties, it is the duty of the assessee to prove the identity of credits

Poojitha Raam Vinay 13 September 2021 at 14:13

This appeal by Revenue and Cross Objection by Assessee are filed against the impugned order of Learned Commissioner of Income Tax (Appeals)-IV, Kanpur, [�Ld. CIT(A)�, for short], dated 07.02.2018 for Assessment Year 2015-16.

Posted in Income Tax | 109 Views

Rules of limitation are not meant to destroy the right of parties but to see that parties do not resort to dilatory tactics, states ITAT

Poojitha Raam Vinay 13 September 2021 at 14:13

This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-Meerut dated 21.05.2018 for Assessment Years 2009-10.

Posted in Income Tax | 148 Views

Computation of book profit u/s 115JB of the Income Tax Act

Poojitha Raam Vinay 13 September 2021 at 14:13

The present appeals have been fi led by the assessee against the orders of ld. CIT(A)-2, New Delhi dated 24.04.2019.

Posted in Income Tax | 126 Views

Treatment of sale proceeds u/s 69A of the IT Act

Poojitha Raam Vinay 13 September 2021 at 14:13

This appeal filed by the Assessee is directed against the ex-parte Order Dated 27.11.2019 of the Ld. CIT(A)-12, New Delhi, relating to the A.Y. 2011-2012.

Posted in Income Tax | 118 Views