Taxscan | Simplifying Tax Laws

Remuneration Paid to Directors is in Nature of Salary, Excluded from Service Definition: CESTAT [Read Order]

The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that remuneration paid to directors in the nature of...

Remuneration Paid to Directors is in Nature of Salary, Excluded from Service Definition: CESTAT [Read Order]

Depreciation on Goodwill Arising from Amalgamation Valid: ITAT Clarifies Prospective Effect of...

No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment...

Depreciation on Goodwill Arising from Amalgamation Allowed in Book Profits: ITAT Rules in Favour of...

Delhi HC Orders Customs to Refund ₹19.22 Lakh with 6% Interest as Gold already Disposed Before OIO...

Should You Mix Investment with Insurance Plans?

How the Maruti Suzuki Swift Has Evolved Across Generations in India

How Term Insurance Helps You Save on Taxes?

Splitting the Jackpot: Tax Implications of Joint Lottery Winnings and Subsequent Gifting

ITC cannot Be Denied Merely Because Supplier’s Suppliers Defaulted: Allahabad HC [Read Order]

GST Portal SCN Glitch: Delhi HC Sets Aside ₹3.16 Crore Demand, Allows PSU to File Reply and Attend Personal Hearing [Read Order]

CBIC Issues Clarification on GST Treatment of Secondary & Post-Sale Discounts [Read Circular]

Something Fishy in the New GST Rate Cuts? Luxury Delicacy Caviar gets reduced GST from 12% to 5%

Omission of GST Rules 89(4B) & 96(10) Without Saving Clause: Bombay HC’s Ruling in Hikal Ltd. Case

Depreciation on Goodwill Arising from Amalgamation Valid: ITAT Clarifies Prospective Effect of Finance Act Amendments [Read Order]

No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment...

Depreciation on Goodwill Arising from Amalgamation Allowed in Book Profits: ITAT Rules in Favour of...

Income Tax Dept can Conduct Surprise Searches on Family’s Lockers over Suspicion of Undisclosed...

ITAT refuses Estimation of GP Enhancement made by AO without Considering comparable case [Read...

Setback for Pondicherry Engineering College: CESTAT Upholds Service Tax on Technical Testing & Analysis Services, Penalty Waived [Read Order]

Relief to Confident Projects: Supreme Court dismisses Dept’s appeal against CESTAT Ruling quashing Service tax on Construction of Complex Services for Lack of Merits [Read Judgement]

Cenvat Credit Admissible on Service Tax Paid on "Manpower Supply Service”, Qualify as Input Service: CESTAT [Read Order]

Liability to Pay Service Tax under Reverse Charge for Foreign Services: CESTAT Rules No Liability Post 1st July 2012 [Read Order]

CENVAT Credit on Sub-Contractor’s Services Denied as Not Input for Cement Manufacture: CESTAT Upholds Service Tax Demand on Mining Services [Read Order]

Remuneration Paid to Directors is in Nature of Salary, Excluded from Service Definition: CESTAT [Read Order]

Delhi HC Orders Customs to Refund ₹19.22 Lakh with 6% Interest as Gold already Disposed Before OIO [Read Order]

Customs Duty Drawback Fraud: Delhi HC Allows Appeal on 'Beneficial Owner' Applicability with Pre-deposit Adjustment [Read Order]

Relief to JSW Steel: CESTAT Orders Cash Refund of ₹45.54 Lakh CVD & SAD Paid Post-GST Implementation [Read Order]

Customs Dept. Cannot Deny Import Duty Exemption Made under Valid DFRC/DFIA Licences but Later Cancelled by DGFT: CESTAT [Read Order]

Service Tax Demand Raised Solely on Income Declared in Income Tax Survey is Not Sustainable: CESTAT [Read Order]

Exporter’s Declaration in Shipping Bills Not False Merely Due to DRI’s Alternate Classification View: CESTAT sets aside Penalty u/s 114AA [Read Order]

NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]

NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt...

Speculative participants driven by profit Motives cannot be Permitted to Misuse IBC Provisions: SC...

Relief to Plight of individual homebuyers, who invest life savings to secure Home: Supreme Court...

MCA Reminder for OPCs: File Form AOC-4 Before this Due Date

SEBI Eases Compliance for FPIs Investing Only in Government Securities [Read Circular]

SEBI Revises Angel Fund Regulations: Accredited Investors Made Mandatory, Investment Capped at Rs....

E-Way Bill System Under GST: Know Penalties and Consequences of Non-Compliance

Auditing Cryptocurrency? know the basics and How to Report It

Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]

55th GST Council Meeting Recommendations: All You Need to Know

GST on Intermediary Services- Gamut of Clarifications and Litigations!!

Why and How Political Parties Get Income Tax Exemption?

How can Freelancers manage their Income by Optimising Income Tax?

Top Global Accounting Scandals Impacted Reputation of Big Accounting Firms

NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]

NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt...

Speculative participants driven by profit Motives cannot be Permitted to Misuse IBC Provisions: SC...

Relief to Plight of individual homebuyers, who invest life savings to secure Home: Supreme Court...

MCA Reminder for OPCs: File Form AOC-4 Before this Due Date

Vehicle Intercepted for Non-Possession of E-Invoice: Madras HC Holds Timely Manual Appeal Valid, Directs Appellate Authority to Decide with Additional Evidence [Read Order]

Gold Smuggling Penalty on 19-Year-Old Taekwondo Player :Delhi HC Sets Aside ₹2 Lakh Fine Citing Age and Coach’s Influence [Read Order]

Centre Reopens Production Linked Incentive Scheme for White Goods: Invites Fresh Applications for ACs & LEDs till Mid-October [Read Notification]

Justice M. Sundar Appointed Chief Justice of Manipur High Court [Read Notification]

CBIC Notifies Customs (Finalisation of Provisional Assessment) Regulations, 2025 [Read Notification]

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CA, MBA Opportunity at JP Morgan Chase

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