The Central Processing Centre ( CPC ) Bangalore Income Tax Department is taking steps to address public grievances with the launch of a dedicated Grievance Redressal Month. This would help to resolve the grievances soon as a full month will be dedicated. The Grievance Cell, a pivotal component of this endeavour, plays a vital role […]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that depreciation must be removed while calculating net margin. The ITAT remitted the matter back to the file of TPO/AO for further calculation of TP adjustment by considering the direction of the Bench. Jamshedpur Continuous Annealing & Processing Company Pvt. Ltd(...
In a recent case, the Kolkata bench of the Customs, Excise And Service Tax Appellate Tribunal ( CESTAT ) held the assessee eligible for the refund of Service Tax which was rejected on the ground of limitation. The government extended the time limit to file refund claims of service tax on exported goods. It was […]
The Ahmedabad bench of the Customs, Excise And Service Tax Appellate Tribunal ( CESTAT ) held that nutrition/dietary supplements attract Integrated Goods and Service Tax ( IGST ) at rate of 18 %. The Tribunal viewed that the appellants have correctly declared their goods under Serial No. 453 and/or 23 of Schedule III of Notification […]
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