Taxscan Team
GST Dept started Issuing Late Fee for GSTR-1 Defaulters
After implementing the amendment in section 37(4) of the Central GST Act, 2017, the GST department has started issuing late fee for defaulters...
![Relief to BBC: No Income Tax on Receipt from Distribution of News in India, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/BBC-No-Income-Tax-on-Receipt-from-Distribution-of-News-in-India-rules-ITAT-TAXSCAN.jpg "Relief to BBC: No Income Tax on Receipt from Distribution of News in India, rules ITAT [Read Order]")
![Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Production-Sale-Production-and-Sale-Tissue-Culture-Plants-Business-Activity-Agricultural-ITAT-taxscan.jpg "Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]")
![No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Income-Tax-Penalty-Commission-receipt-falls-below-Threshold-Limit-ITAT-TAXSCAN.jpg "No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]")
![Limited Company being an Inanimate Person, cannot have anything Personal: ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Depreciation-Luxury-Sports-Car-Director-Company-Inanimate-Person-Depreciation-on-Luxury-Sports-Car-Income-Tax-taxscan.jpg "Limited Company being an Inanimate Person, cannot have anything Personal: ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]")
No Stamp Duty for Name Change from Public Ltd to Private Ltd in Revenue Records: HP HC [Read Order]
The Himachal Pradesh High Court has recently held that stamp duty or registration fee cannot be levied upon conversion from a Public Limited Company to a Private Limited Company for changing the name...
Claim of Cash Refund of CENVAT credit rejected on ground of Limitation can be Claimed during Re-Opening of TRAN Window: Delhi HC [Read Order]
The Delhi High Court has directed the assessee to file transitional credit as their claim of cash refund of Cenvat Credit was rejected by the CESTAT and the GST department on ground that the same was...
![Claim of Cash Refund of CENVAT credit rejected on ground of Limitation can be Claimed during Re-Opening of TRAN Window: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Refund-Cash-Refund-of-CENVAT-credit-Re-Opening-of-TRAN-Window-TRAN-Window-Delhi-HC-taxscan.jpg "Claim of Cash Refund of CENVAT credit rejected on ground of Limitation can be Claimed during Re-Opening of TRAN Window: Delhi HC [Read Order]")
Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]
A division bench of the Bombay High Court has held that the expenses incurred in respect of the development of an abandoned software would be eligible for income tax deduction as the same constitute...
![Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Software-Development-of-Software-Income-Tax-Deduction-Deduction-Income-Tax-Tax-Bombay-High-Court-taxscan.jpg "Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]")
Cash Receipt of Less than Rs. 2L from different Persons on different Dates would not attract S. 269ST of Income Tax Act: ITAT deletes Penalty [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty under section 271DA of the Income Tax Act, 1961 by holding that the cash receipt of less than two lakh rupees...
![Cash Receipt of Less than Rs. 2L from different Persons on different Dates would not attract S. 269ST of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Receipt-of-Less-Different-Persons-on-Different-Dates-would-not-attract-of-Income-Tax-Act-ITAT-deletes-Penalty-TAXSCAN.jpg "Cash Receipt of Less than Rs. 2L from different Persons on different Dates would not attract S. 269ST of Income Tax Act: ITAT deletes Penalty [Read Order]")