Oil To Be Assessed As Part Of Ship For Determining Customs Duty: CESTAT
The Ahmedabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that oil contained in bunker...
AO Can Ascertain Fair Market Value of Shares If Doubts Valuation: Delhi High Court
The Delhi High Court has held that the AO can ascertain the Fair Market Value of the shares if it doubts the valuation. ...
Sales As Per Books Of Accounts Out Of Stock Available Could Be Regarded As Cash Sales: ITAT Deletes Income Tax Addition
The Income Tax Appellate Tribunal, Delhi ruled that sales in stock on cash basis would hold true as they appear on the...
PCIT Lacks Unlimited Power To Revise Every Order Already Examined By AO: ITAT
Author: Khushi J Prajapati The Income Tax Appellate Tribunal Ruled that PCIT lacks unlimited power to revise order...
Andhra Pradesh High Court Directs DGFT Not To Obstruct Non-Basmati White Rice Exporters In Fulfilment Of Contractual Obligations With Foreign Buyers
The Andhra Pradesh High Court has directed the Directorate General Of Foreign Trade (DGFT) not to obstruct non-basmati...
Assessee Not Liable To Be Taxed On Cancellation Of Indebtedness Income: US Tax Court
The US Tax Court held that the assessee is not liable for tax on cancellation of indebtedness income but is liable for...
"Import And Export Regulations Must Be Rational To Effectively Balance Economic Interests With National And Global Security," Says Delhi High Court
The Delhi High Court said that "import and export regulations must be rational to effectively balance economic interests...
Delhi High Court Quashes Assistant DGFT's Order Imposing Penalty Of Rs. 50,00,000 Under Foreign Trade (Development & Regulation) Act, 1992
The Delhi High Court quashed the assistant DGFT's order imposing a penalty of rs. 50,00,000 under the Foreign Trade...
DGFT Can't Deny MEIS Incentives For Mere Non- Declaration In Shipping Bills: Delhi High Court
The Delhi High Court held that DGFT can't deny MEIS incentives for mere non- declaration in shipping bills. The bench...
Applicability Of TDS In Day To Day Life Of A Layman
Author: Khushi J Prajapati In India, TDS is a way for the government to collect taxes in accordance with the Income...
Direct Tax Quick Weekly Flashback: 18 To 24 August 2024 -Stories On Ayodhya Rami Reddy Alla; Income-Tax Clearance Certificate & More
Here is Direct Tax Quick Weekly Flashback: Supreme Court GAAR V/S SAAR In Bonus-Stripping Transaction Adopted By...
GST & Indirect Tax Weekly Flashback: 18 To 24 August 2024 Stories On Finance Act, Suspension Of Officer; Tax On Boroplus & More
Here are GST & Indirect Tax Weekly Flashback: Bombay High Court Non-Submission Of “Bill Of Export” Can’t Be...
