Fathima Karama A.M
![Amendment to Section 40(a)(ia) of Income Tax Act vide Finance Act, 2014 has No Retrospective Effect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Amendment-Income-Tax-Act-Finance-Act-ITAT-Income-Tax-taxscan.jpg "Amendment to Section 40(a)(ia) of Income Tax Act vide Finance Act, 2014 has No Retrospective Effect: ITAT [Read Order]")
Amendment to Section 40(a)(ia) of Income Tax Act vide Finance Act, 2014 has No Retrospective Effect: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) has held that the amendment to Section 40(a)(ia) of the Income Tax Act 1961 by Finance Act 2014 would not...
![Sanction by PCIT for Re-Assessment u/s 147 was Mechanical Approval without Application of Mind: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/PCIT-Re-Assessment-Mechanical-Approval-ITAT-Re-Adjudication-Income-Tax-taxscan.jpg "Sanction by PCIT for Re-Assessment u/s 147 was Mechanical Approval without Application of Mind: ITAT directs Re-Adjudication [Read Order]")
![Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITR-Assessee-Return-Re-Assessment-ITAT-Taxscan.jpg "Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]")
![Milling of Wheat into Flour to Govt of West Bengal Public Distribution System Eligible for GST Exemption: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Milling-of-Wheat-into-Flour-Wheat-into-Flour-Govt-West-Public-Distribution-System-GST-Exemption-GST-AAR-taxscan.jpg "Milling of Wheat into Flour to Govt of West Bengal Public Distribution System Eligible for GST Exemption: AAR [Read Order]")
![GST Applicable on Desilting of Foreshore of Prakasam Barrage to Water Resource Department Andhra Pradesh Government: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/GST-Prakasam-Barrage-Water-Resource-Department-Andhra-Pradesh-Government-Water-Resource-Department-AAR-Taxscan.jpg "GST Applicable on Desilting of Foreshore of Prakasam Barrage to Water Resource Department Andhra Pradesh Government: AAR [Read Order]")
Firm Eligible to Deduct Profit from Sale of Flats Declared as Stock-in-Trade to Partners u/s 80IB (10) of Income Tax Act: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the firm shall be eligible to deduct profit from the sale of flats which are declared as stock-in-trade to partners under...
![Firm Eligible to Deduct Profit from Sale of Flats Declared as Stock-in-Trade to Partners u/s 80IB (10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Firm-Profit-Sale-of-Flats-Stock-in-Trade-Partners-Income-Tax-Act-ITAT-Taxscan.jpg "Firm Eligible to Deduct Profit from Sale of Flats Declared as Stock-in-Trade to Partners u/s 80IB (10) of Income Tax Act: ITAT [Read Order]")
Income Tax Deduction u/s 10AA of Income Tax Act cannot be Availed without Tax Audit Report: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the Income Tax deduction under Section 10AA of the Income Tax Act 1961 could not be availed without filing a tax audit...
![Income Tax Deduction u/s 10AA of Income Tax Act cannot be Availed without Tax Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Deduction-Income-Tax-Income-Tax-Act-Tax-Audit-Report-ITAT-Taxscan.jpg "Income Tax Deduction u/s 10AA of Income Tax Act cannot be Availed without Tax Audit Report: ITAT [Read Order]")
GST applicable to Products Manufactured as Pasteurised Milk and Milk Cream and Named as “Jigarthanda”: AAR [Read Order]
The Tamil Nadu Authority for Advance Ruling (AAR) has held that the Goods and Service Tax would be applicable on the products manufactured as pasteurised milk and milk cream in the name of...
![GST applicable to Products Manufactured as Pasteurised Milk and Milk Cream and Named as “Jigarthanda”: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/GST-products-Manufactured-Pasteurised-Milk-Milk-Cream-Jigarthanda-Pasteurised-Milk-and-Milk-Cream-AAR-Authority-for-Advance-Ruling-taxscan-.jpg "GST applicable to Products Manufactured as Pasteurised Milk and Milk Cream and Named as “Jigarthanda”: AAR [Read Order]")
GST Applicable to Work Contract Services for Construction Residential Quarters for NPCIL Employees: AAAR [Read Order]
The Tamil Nadu state Appellate Authority for Advance Ruling ( AAAR ) has stated that Goods and Service Tax ( GST ) would be applicable to work contract services for the construction of residential...
![GST Applicable to Work Contract Services for Construction Residential Quarters for NPCIL Employees: AAAR [Read Order]](https://www.taxscan.in/h-upload/uid/500x300_258296.jpg "GST Applicable to Work Contract Services for Construction Residential Quarters for NPCIL Employees: AAAR [Read Order]")
![5% of GST applicable to Supply of Dried Coconut by EMS COCO: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/GST-Supply-of-Dried-Coconut-EMS-COCO-Dried-Coconut-AAR-Dried-Coconut-by-EMS-COCO-taxscan.jpg "5% of GST applicable to Supply of Dried Coconut by EMS COCO: AAR [Read Order]")
![Chamundeswari Electricity Supply Eligible for ITC: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Chamundeswari-electricity-supply-ITC-AAR-Authority-for-Advance-Ruling-taxscan.jpg "Chamundeswari Electricity Supply Eligible for ITC: AAR [Read Order]")
Job Work retaining Gold on Account of Wastage Beyond the Permissible Limit liable to 5% GST: AAR [Read Order]
The West Bengal Authority for Advance Ruling (AAR) has held that the job work retaining gold on account of wastage beyond the permissible limit would be liable to 5% of Goods and Service Tax. ...
![Job Work retaining Gold on Account of Wastage Beyond the Permissible Limit liable to 5% GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Job-Work-retaining-Gold-Account-of-Wastage-GST-AAR-Taxscan.jpg "Job Work retaining Gold on Account of Wastage Beyond the Permissible Limit liable to 5% GST: AAR [Read Order]")