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(...
The Kolkata bench of the Customs, Excise And Service Tax Appellate Tribunal ( CESTAT ) held that the excise duty is not applicable on imported Zinc Oxide used in manufacturers of Pre-Calcined Ferrite Power ( Spray Dried ) ( PCFP ). The Tribunal viewed that the benefit of Notification No.25/1999-Cus dated 28.02.1999 as amended by […]
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 […]
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