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TAX APPELLATE BODY
Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM disputeHomebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exce...- ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...
- Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...
- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
- Supreme Court upholds CCI order, clears NSE of anti-competitive practices in co-location caseThe Supreme Court has backed the Competition Commission of India's decision. This means no investigation will occur against the National St...
- Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
- West Bengal tax body rejects Flipkart’s GST exemption model for delivery chargesFlipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal A...
- I-T appellate body upholds rejection of Paisabazaar’s Rs 145.91 crore expense claimPaisabazaar has received an order disallowing expenses worth Rs 145.91 crore for FY23 and FY22. The Commissioner of Income Tax (Appeals) up...
- Toyota Kirloskar gets ITAT relief over royalty paymentsThe appellate body approved the company's royalty payment of ₹646 crore at 6% of local value addition and rejected the transfer pricing off...
- Govt notifies tribunals reforms bill through ordinanceIn the Cinematograph Act, the appellate body will now be the High Court instead of the tribunal, while in the Copyright Act, commercial cou...
- No GST on membership or admission fee: Maharashtra AAARThe Maharashtra AAAR effectively set aside the state AAR ruling that had termed membership fee as supply of service liable to GST. The stat...
- Maharashtra Appellate Authority of Advance Rulings allows input tax credit for companies using vehicles to transport cash to ATMsThe AAAR said the revenue department’s arguments that money be treated differently from other goods since RBI guidelines are not applicable...
- Centralised AAAR put on fast trackOfficials said the key issue of allowing all taxpayers to approach the centralised authority and not just those parties that have got confl...
- Govt looking into the need of Centralized Appellate Authority of Advance RulingsOfficials in the know said that the need to look into setting up the umbrella body has arisen after the Central Board of Indirect Taxes and...
- GST Council asks Centre, states to quickly set up appellate authoritiesWith AARs in different states started giving rulings since March, it has become imperative for the Centre as well as states to set up the A...
- Drive for revenue should not ride roughshod over natural justiceThe need is to bring a cultural change in the way taxes and arrears are collected.
- I-T dept can now challenge DRP rulingAs of now, a DRP order is binding on the income tax department, while the taxpayer has the right to move the appellate tribunal.
- Assessing officer can't be part of tax appellate body deciding the appealAn income-tax commissioner cannot be a part of the body that decides the appeal against the same order, a tax tribunal has said.
- WTO ruling on wine duty is a damp squibThe World Trade Organisation’s appellate body has ruled in favour of an appeal made by the US against the high customs dutes imposed by Ind...
- WTO ruling on wine duty is a damp squibThe World Trade Organisation’s appellate body has ruled in favour of an appeal made by the US against the high customs dutes imposed by Ind...
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