News & Updates Latest Tax newsCourt cannot interfere with the Matter of Tender Issued by SAIL: Delhi HC dismisses Petition [Read Order] June 7, 2023The Delhi High Court has held that the court cannot interfere with the matter of tender issued by the Steel Authority of India (SAIL). Kalinga Commercial Corporation Ltd, the petitioner challenged the action of the Steel Authority of India (Respondent/SAIL) in rejecting the Petitioner’s bid in respect of a tender. The Respondent floated the Impugned […] Taxscan TeamITAT deletes Penalty u/s 271A for Estimation-Based Addition and Lack of Reference to Assessee’s Books [Read Order] June 7, 2023The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted the penalty under Section 271 A for estimation-based addition with a lack of reference to the Assessee’s books. The assessee Mohammed Rahimuddin declared the commission he received at Rs. 1500/- per truck and thereby worked out the same at Rs. 1.26 lakhs; whereas on […] Anagha _SadanWrit petition to Condone Delay on Appeal: Madras HC Directs to Approach Authority under TN Values Added Tax [Read Order] June 6, 2023In a writ petition to condone delay in the filing of the appeal, the Madras High Court directed the petitioner assessee to approach the appellate authority under Tamil Nadu Value Added Tax, 2006. M/s.Aqua Excel, the petitioner prayed to permit them to approach the appellate authority by way of statutory appeal. It was stated that […] Team TaxscanReimbursement of GST delayed due to Negligence of Tax Officer: Jammu & Kashmir and Ladakh HC directs to Pay 9% Interest [Read Order] June 6, 2023The High Court of Jammu & Kashmir and Ladakh directed to allow 9% interest on the delayed amount of Reimbursement of Goods and Service Tax (GST) due to negligence of the tax officer. Greenland Cements Private Limited, the Petitioner is a Company producing/manufacturing cement in the Union Territory of Jammu & Kashmir. The Union Government […] Anagha _SadanProcessing of Beach Sand Minerals results to form Processed Ilmenite, Attracts 5% FOB value: CESTAT [Read Order] June 6, 2023The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that processing of beach sand minerals results to form processed ilmenite and it attracts 5% on Free On Board(FOB) value as per Customs Notification. The appellant M/s. Beach Minerals Company who is the holder of the Importer Exporter Code filed […] Team TaxscanDept not Object to Condonation of Delay in filing Appeal: Madras HC Grants 3 Weeks Extension for filing Statutory Appeal [Read Order] June 6, 2023Madras High Court in a recent case granted 3 week time for filing a statutory appeal, since the department not objected to condone the delay in filing an appeal. M/s PRM Constructions, the petitioner filed a petition with a prayer to call for the records relating to the Order in Original No.91/202-ST dated 28.09.2022 issued […] HaripriyaIssuance of SCN u/s 74 of JGST Act is mandatory along with Form GST DRC-01: Jharkhand HC directs Re-adjudication [Read Order] June 6, 2023The Jharkhand High Court held that the Show Cause Notice under Section 74 of Jharkhand Goods and Services Tax Act, 2017 (JGST Act) is mandatory along with the Form GST DRC-01. The final orders in the writ petitions submitted in different years, as well as the show-cause notices issued in Form GST DRC-01, were all […] HaripriyaNo ITC available on Structure/Shed Erected on side of Sand Mill and Spray Dryer and on the Structure/Shed/Roof: AAR [Read Order] June 6, 2023The Gujarat Authority for Advance Ruling (AAR) has ruled that no ITC is available on the structure/shed erected on the left side of the Sand mill and spray dryer and on the structure/shed/roof. The applicant is engaged in the activity of manufacturing dyes. The applicant procures intermediate raw material in crude form which is chemically […] Taxscan TeamDelay in Considering Statutory Appeal by CIT(A): Chhattisgarh HC Directs to Decide Appeal within 90 Days [Read Order] June 6, 2023A Single Bench of the Chhatisgarh High Court directed the department to decide the appeal within 90 days since the Commissioner of Income Tax Appeal delayed considering the statutory appeal. Gurdeep Singh Gill, the petitioner submitted that they have preferred statutory appeals before the Commissioner of Income Tax (Appeal) on 09.02.2023, but the same have […] Team TaxscanSuppression of Criminal Proceedings while applying for Valuer Registration: IBBI cancels Registration of RV [Read Order] June 6, 2023The Insolvency and Bankruptcy Board of India (IBBI) has recently cancelled the registration of a Registered Valuer (RV) for suppression of ongoing criminal proceedings against him while applying for Valuer Registration. An Inspecting Authority (IA) was appointed to conduct inspection of the fact that while applying for the registration as valuer in IBBI, Venkata Krishna […] Haripriya
