News

Greatship (India) has received eight MVAT review notices concerning charter-hire taxation, CST exemptions and earlier appellate orders, with no tax demand quantified at this stage.

Greatship India Receives 8 MVAT Review Notices Over Vessel, Rig Charter Hire Tax

GST authorities have proposed reducing Equitas Small Finance Bank’s demand from Rs 533.81 crore to Rs 23.95 crore following its submissions on exemption of interest income from loans and advances.

Equitas Small Finance Bank Limited Secures Reduction in GST Demand from Rs 533.81 Crore to Rs 23.95 Crore

Judgement

ITAT condoned a 2,027-day delay and remanded Section 10(26AAA) Sikkim Old Settler exemption dispute for fresh adjudication by the AO.

ITAT Remands Rs 1.83 Crore Section 10(26AAA) Sikkim Old Settler Tax Exemption Dispute After Condoning 2,027-Day Delay

The ITAT Bangalore holds wrong provision cited in original return cannot defeat genuine exemption claim.

ITAT Allows Section 10(10B) Exemption to BSNL VRS Employee Despite Wrong Claim Under Section 10(10C)

The ITAT Ahmedabad holds mere Initial-Year balance sheet insufficient to establish compliance with Section 11(2)(b).

ITAT Denies Section 11(2) Exemption for Failure to Prove Continued Investment of Accumulated Funds

ITAT deletes Rs 18.34 lakh tax addition, holding PG medical stipend linked to education eligible for Section 10(16) exemption.

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Greatship India Receives 8 MVAT Review Notices Over Vessel, Rig Charter Hire Tax

Equitas Small Finance Bank Limited Secures Reduction in GST Demand from Rs 533.81 Crore to Rs 23.95 Crore

ITAT Remands Rs 1.83 Crore Section 10(26AAA) Sikkim Old Settler Tax Exemption Dispute After Condoning 2,027-Day Delay

ITAT Allows Section 10(10B) Exemption to BSNL VRS Employee Despite Wrong Claim Under Section 10(10C)

ITAT Denies Section 11(2) Exemption for Failure to Prove Continued Investment of Accumulated Funds

ITAT Deletes Rs 18.34 Lakh Tax Addition on PG Medical Stipend, Holds Payment Linked to Education Eligible for Section 10(16) Exemption