CESTAT allows benefit of Exemption from Additional Duties of Customs-Lenovo India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 16.11.2022 CESTAT allows benefit of Exemption from Additional Duties of Customs to Hard Disk drives-Lenovo India   M/s Lenovo India Pvt Ltd, the petitioner challenged the intent of customs authorities to deny them the benefit of exemption from additional duties of customs …

ITAT allows Tax Neutral Disallowance-Novartis India case

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 16.11.2022 ITAT allows Tax Neutral Disallowance     The Income Tax Appellate Tribunal (ITAT), Mumbai allowed tax neutral disallowance thereby granting relief to M/s. Novartis India Limited. The issue is in relation to the adjustment of excess and short year-end provision. Source: …

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