GST Caselaws, Sec. 11B, Section 54

CESTAT- Chandigarh : Where issue for consideration before Tribunal was as to whether in respect of claim for refund of service tax collected without authority of law, time limit prescribed in terms of section 11B will be applicable or not, matter was referred to President for constitution of a Larger Bench to decide issue

CESTAT, Chandigarh Bench Veer Overseas Ltd. vs. Commissioner of Central Excise and Service tax, Panchkula Section 54, 11B Devender Singh,

Section 43, Sec. 260A, Section 260

Allahabad H.C : the Hon’ble Income Tax Appellate Tribunal was correct by taking the losses incurred from 32 transactions out of 90 transactions entered into by the respondent/assessee as business losses due to wrong interpretation of the provisions of Section 43 (5) and without appreciating the fact that the transactions entered into by the respondent/assessee were speculative transactions and therefore any loss arising from such type of transactions and therefore any loss arising from such type of transactions will be speculative loss which do not qualify for set off against non-speculative business income

High Court Of Allahabad Assistant Commissioner Of Income Tax vs. Surya International Pvt. Ltd. Section 43, 260-A Asst. Year 2009-10

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