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CESTAT Ruling Challenges Reliance on Visual Estimation in Excise Audits
CESTAT's Kolkata ruling states excise authorities cannot solely rely on visual estimation for stock discrepancies, impacting manufacturers' audit defense.
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CESTAT Ruling Grants Major Tax Relief for Municipal Water Infrastructure Projects
CESTAT's landmark ruling exempts municipal water infrastructure projects from service tax, providing major relief for public utility services.
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ITAT Remands Section 80GGC Claim as Political Donation Verification Was Incomplete
The ITAT has remanded an 80GGC political donation claim for re-verification due to incomplete bank transaction details, impacting taxpayers.
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CESTAT Rules Mining Services Taxable Only After June 2007
CESTAT rules mining services were not taxable before June 2007, invalidating past tax demands for excavation and extraction activities.
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CESTAT Ruling Clarifies CENVAT Credit Reversal in Excise Disputes
A new CESTAT ruling clarifies CENVAT credit reversal in excise disputes, impacting manufacturers and Rule 6 interpretations.
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Madras High Court Limits GST Registration Suspension Powers
Madras High Court limits GST registration suspension, ruling authorities need specific grounds, not blanket action, during cancellation proceedings.
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ITAT Mumbai Overturns Assessment Order Over Procedural Fairness Violations
ITAT Mumbai overturned an assessment order, citing procedural fairness violations and emphasizing the taxpayer's right to be heard in tax cases.
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ITAT Mumbai Clarifies Critical Banking Taxation Standards for AY 2010-11
ITAT Mumbai's landmark ruling clarifies banking taxation for AY 2010-11, resolving disputes on pension funds, bad debts, and regulatory disallowances.
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ITAT Ruling Clarifies Tax Audit Errors Do Not Justify Automatic Disallowances
The Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, determining that a tax audit report containing erroneous figures cannot serve as the sole legal basis for invoking disallowances…
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Pune ITAT Caps Contract Profit Estimation at 8%, Providing Significant Relief to Taxpayers
The Pune bench of the Income Tax Appellate Tribunal (ITAT) delivered a landmark ruling this week, declaring that an 18% net profit estimation on contract receipts is excessive without concrete…