Important Updates Of Case Laws, Articles And Association News
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Association News
Non-Functioning of Regular Benches of ITAT, Mumbai Zone During Summer Vacation (19th May 2025 to 30th May 2025)
Case Laws
NOBLE RESOURCES AND TRADING INDIA PRIVATE LIMITED VERSUS UNION OF INDIA (Supreme Court)Supreme Court: What is "manufacture"? Whether the process carried out by using soyabean as raw material and ending in the product crude degummed soyabean oil is manufacturing? (1) To constitute manufacture, the following are the essential features: i. There must be a process or series of process. ii. The original commodity or raw material undergoes a transformation… Read More ...
Mumbai Tribunal : S. 68 : Cash credits-Cash deposit-Demoetizaation-Produced names, address, PAN etc-Parties have responded to the notices u/s 133(6)-Sales are accepted by VAT department-No defects in the books of account-Order of CIT(A) deleting the addition is affirmed. [S. 133(6), 143(3)] The assesseee has deposited cash sales in the bank account. The Assessing officer assessed the said deposit… Read More ...
ITAT Mumbai: Interest under section 234B of the Act, even though mandatory, cannot be levied if the addition to income is made on account of a retrospective amendment. In this case, the addition was made during assessment on account of excess credit period granted to an associated enterprise. The provisions which regard excess credit period granted to… Read More ...
Articles
Income-Tax Bill, 2025 : An Insight into the Income-Tax Bill, 2025. Date 25-4-2025 (Friday) – Senior Advocate Saurabh Soparkar, Gujarat High Court.
By Summary of the speech prepared by CA. Rajesh Mehta, former Secretary General AIFTP and CA. Apurva Mehta from Online lecture of Respected Mr. Saurabh Soparkar, Senior Advocate, Gujarat High Court.: Summary of the speech prepared by CA. Rajesh Mehta, former Secretary General AIFTP and CA. Apurva Mehta from Online lecture of Respected Mr. Saurabh Soparkar, Senior Advocate, Gujarat High Court. Mr. Samir Jani National President of the All India Federation of Tax Practitioners (AIFTP), welcomed the Sr. Advocate Mr. Saurabh Soparkar and all participants on… Read More ...
Special Procedure for Assessment of Search Cases Suggestions-Chapter XVI-B : Clauses 292-301 of Income Tax Bill, 2025
By Shri R.P. Garg, Advocate Former Vice President ITAT: Special Procedure for Assessment of Search Cases Suggestions-Chapter XVI-B : Clauses 292-301 of Income Tax Bill, 2025 Read More ...
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