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Fathima Karama A.M
Product Manufactured on Use of Modern Advanced Technology Not “Manufacture”: Supreme Court denies Trade Tax Exemption to “Spun Line Crown Cork” [Read Judgment]
The Division Bench of the Supreme Court of Justice M.R. Shah and Justice Krishna Murari in a recent ruling has denied the trade tax...
![Income Tax Penalty u/s 271C Not Leviable on a Non-Taxable Entity formed by an Act of Govt: ITAT grants Relief to Yes Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Penalty-Income-Tax-Non-Taxable-Entity-Govt-ITAT-Yes-Bank-taxscan.jpg "Income Tax Penalty u/s 271C Not Leviable on a Non-Taxable Entity formed by an Act of Govt: ITAT grants Relief to Yes Bank [Read Order]")
![Seized Document does not contain Name of Assessee: ITAT deletes Assessment u/s 153C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Seized-Document-Document-contain-Name-ITAT-Income-Tax-Tax-taxscan.jpg "Seized Document does not contain Name of Assessee: ITAT deletes Assessment u/s 153C [Read Order]")
![House Loan paid by Company Allotted to Directors for Residential Purpose Eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/House-Loan-Loan-Income-Tax-Deduction-Income-Tax-Deduction-Tax-ITAT-Taxscan.jpg "House Loan paid by Company Allotted to Directors for Residential Purpose Eligible for Income Tax Deduction: ITAT [Read Order]")
![Capital Gain Exemption u/s 54 Allowable Even If Sale was Completed After Purchase of New Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-Capital-Gain-Sale-Purchase-of-New-Property-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption u/s 54 Allowable Even If Sale was Completed After Purchase of New Property: ITAT [Read Order]")
![Hedging Transactions in ‘Non-Cleared Securities’ are Not Illegal: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Hedging-Transactions-Non-Cleared-Securities-ITAT-Disallowance-TAXSCAN.jpg "Hedging Transactions in ‘Non-Cleared Securities’ are Not Illegal: ITAT deletes Disallowance [Read Order]")
Free Samples to Doctors recognized under UCPMP Guidelines, Not Violative of MCI Rules: ITAT Allows Deduction to Pharma Company [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling while allowing deduction to pharma company has held that the free samples to doctors recognised under Uniform...
![Free Samples to Doctors recognized under UCPMP Guidelines, Not Violative of MCI Rules: ITAT Allows Deduction to Pharma Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Samples-to-Doctors-UCPMP-Guidelines-MCI-Rules-ITAT-Deduction-Pharma-Company-taxscan.jpg "Free Samples to Doctors recognized under UCPMP Guidelines, Not Violative of MCI Rules: ITAT Allows Deduction to Pharma Company [Read Order]")
Appellate Authorities under Income Tax Act have Jurisdiction to Entertain Additional Claim: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate tribunal has held that the appellate authorities under Income Tax Act have jurisdiction to entertain the additional claim raised by the assessee. The...
![Appellate Authorities under Income Tax Act have Jurisdiction to Entertain Additional Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Authorities-Income-Tax-Act-Additional-Claim-ITAT-TAXSCAN.jpg "Appellate Authorities under Income Tax Act have Jurisdiction to Entertain Additional Claim: ITAT [Read Order]")
![Downfall in Gross Profit Ratio cannot be Sole basis for Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Downfall-in-Gross-Profit-Ratio-Sole-Addition-ITAT-TAXSCAN.jpg "Downfall in Gross Profit Ratio cannot be Sole basis for Addition: ITAT [Read Order]")
No Provision under “Profits and Gains from business or profession” deems Rent from Unsold Flats held as Stock as ‘Business income’: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has upheld the decision of Commissioner of Income Tax (CIT(A) that there were no provisions under Profits and Gains from Business or Profession...
![No Provision under “Profits and Gains from business or profession” deems Rent from Unsold Flats held as Stock as ‘Business income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/profits-and-Gains-from-business-Profit-and-Gains-from-profession-Rent-from-Unsold-Flats-Stock-Business-income-ITAT-Income-Tax-Taxscan.jpg "No Provision under “Profits and Gains from business or profession” deems Rent from Unsold Flats held as Stock as ‘Business income’: ITAT [Read Order]")
![CAM Charges subject to 2% TDS u/s 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CAM-Charges-TDS-Income-Tax-Act-ITAT-TAXSCAN.jpg "CAM Charges subject to 2% TDS u/s 194C of Income Tax Act: ITAT [Read Order]")
