The Ahmedabad Bench of Customs Excise and Service Tax Appellate Tribunal (CESTAT) ruled that NSE/BSE transaction charges and SEBI turnover fees are not liable to service tax under the head of “stockbroker service”. Facts of the case:- The appellant, Monarch Research & Brokerage P Ltd is …
Judgment:- The Allahabad High Court ruled that the reasonable opportunity ought to be granted to Taxpayers to submit, revise, re-revise electronically Form GST TRAN-1 or TRAN-2. Facts of the case:- This batch of writ petitions has been filed seeking relief in the nature of mandamus commanding …
The Chennai Bench of Customs, Excises and Service Tax Appellate Tribunal (CESTAT) quashed the Order imposing Penalty on Customs Brokers as against the Principles of Natural Justice. Facts of the case:- The appellant, M/s. Seaswan Shipping and Logistics who is a Customs Broker is aggrieved by …
1. The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June 2021. Taxpayers and professionals have reported glitches and difficulties in the portal since then. The Ministry of Finance has been regularly monitoring the resolution of issues with Infosys Ltd which is …
The Income Tax Appellate Tribunal (ITAT), Bangalore has granted partial relief to Google Ireland where the Tribunal expedited the hearing and posted the matter for final hearing on 16th September 2021. Facts of the case:- The Assessing Officer has assessed an income of Rs.93.66 crores as …
Judgment:- The Kerala High Court ruled that the E-Way Bill is not required for transportation of ‘Used Personal Vehicle’. Facts of the case:- The Respondents, VST, and Sons have filed the writ petition challenging the detention of the ‘RANGE ROVER’ motor vehicle belonging to the respondent …
In the Union Budget 2021, the finance minister Nirmala Sitharaman announced that senior citizens above the age of 75 years, who only have pension and interest as a source of income will be exempted from filing the income tax returns. During the budget speech, Sitharaman said, …
Judgement:- In relief to the Reliance Industries, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that the revision by Pr. CIT(A) was not justified in case AO conducted the proper enquiry. Facts of the case:- As per the provisions of Section 263 of Income …
