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Bogus Purchases Addition under Section 69 Unsustainable without Rejection of Books u/s 145(3): Delhi ITAT in KDP Infrastructure (P) Ltd. v. DCIT (AY 2012-13)
Addition for bogus purchases under section 69 unsustainable sans rejection of books of accounts under section 145(3)
Delhi ITAT deletes addition under Section 69 made on account of alleged bogus purchases sans rejection...
Section 263 Revision Unsustainable: Delhi ITAT Quashes CIT Action on Offshore Supplies under Section 44BBB | Shenzhen SDG Information Co. Ltd. v. CIT (ITAT Delhi, AY 2017-18)
Section 263 unsustainable
Delhi ITAT holds that Assessee’s offshore supplies revenue are not taxable in India under the provisions of Section 44BBB; In the extant case, Assessee, a Chinese company engaged in R&D, ...
ICAI CPE Hours & ULA Self-Declaration Compliance – Mandatory Submission by 31 December 2025
IMPORTANT ADVISORY ON CPE
COMPLIANCE & ULA SELF-DECLARATION(Applicable from 1 January 2023
onwards)Respected Member,This is to kindly remind you to
submit the Self-Declaration for Unstructured CPE Learning A...
Apply on-line for empanelment as an examiner
Dear Member,Greetings to you!We bring you an exciting opportunity for being in touch with the subject of your choice and also serve your Alma Mater.We invite you to be part of the fraternity of examiners of ICAI who with...
Liaison Office Activities Held Preparatory & Auxiliary – No PE or Profit Attribution Under India-Netherlands DTAA | Oxbow Energy ITAT Mumbai
The appeal before the Income Tax Appellate Tribunal concerned the determination of whether the activities carried out by the Liaison Office (LO) of the assessee, a foreign company incorporated in the Netherlands, constit...
Cost-to-Cost Reimbursement of Salaries to Seconded Employees Not Taxable as FTS – Delhi ITAT Relies on Boeing India | Toshiba Energy Case
The Delhi ITAT in Toshiba Energy System & Solutions Corporation v. DCIT (International Taxation) held that reimbursement of salaries paid to seconded employees on a cost-to-cost basis without markup is not taxable as...
Blocking of ITC Under Rule 86A Beyond One Year Illegal – Delhi High Court in Sunny Jain v. Union of India
The Delhi High Court examined the legality of repeated and prolonged blocking of Input Tax Credit in the Electronic Credit Ledger under Rule 86A of the CGST Rules, 2017.The Court held that:
Blocking of ITC is a drasti...
Section 74 GST Cannot Be Invoked Without Fraud or Suppression – ITC Allowed Despite Supplier Issues | Safecon Lifescience Case
The Allahabad High Court examined the legality of proceedings initiated under Section 74 of the UPGST Act against the petitioner for availing Input Tax Credit on purchases made from a duly registered supplier at the time...
Constitutional Challenge to Section 16(2)(c) CGST Act – ITC Cannot Be Denied for Supplier Default | LGW Industries Case
The writ petition filed before the Calcutta High Court assails the legality of proceedings seeking reversal of Input Tax Credit solely on the allegation that suppliers were subsequently found to be non-existent or had ob...
ITC Cannot Be Denied for Supplier’s Subsequent Registration Cancellation – Allahabad High Court | Khurja Scrap Trading Company Case
In this landmark ruling, the Allahabad High Court reaffirmed that:
Input Tax Credit (ITC) cannot be denied when the supplier was duly registered on the date of transaction, even if registration is cancelled subsequent...