Taxscan Team
![Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Subsidy-TUF-Scheme-Capital-Receipt-Deduction-Subsidy-received-ITAT-taxscan.jpg "Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]")
Subsidy received under TUF Scheme is Capital Receipt, allowable as Deduction: ITAT [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the subsidy received under TUF Scheme is a capital receipt and...
![CESTAT quashes Service Tax demand on consideration received by Developers from Co-development Agreement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CESTAT-Service-Tax-demand-serviceTax-Developers-Co-development-Agreement-taxscan.jpg "CESTAT quashes Service Tax demand on consideration received by Developers from Co-development Agreement [Read Order]")
![Payment of Property Tax does not give encroacher any Right to Squat over Forest/Municipal Land: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-of-Property-Tax-Right-to-Squat-over-Forest-Municipal-Land-Himachal-Pradesh-High-Court-Taxscan.jpg "Payment of Property Tax does not give encroacher any Right to Squat over Forest/Municipal Land: Himachal Pradesh HC [Read Order]")
![Order confirming Service Tax without issuing SCN is invalid: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Order-Service-Tax-SCN-Telangana-HC-taxscan.jpg "Order confirming Service Tax without issuing SCN is invalid: Telangana HC [Read Order]")
![Power to Grant Stay with Pre-Deposit of 20% of Disputed Demand is a directory in Nature, not Mandatory: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Pre-Deposit-Disputed-Demand-Delhi-High-Court-taxscan.jpg "Power to Grant Stay with Pre-Deposit of 20% of Disputed Demand is a directory in Nature, not Mandatory: Delhi HC [Read Order]")
![IBC Proceedings against Employer Not a Ground to Deny TDS Credit to Employee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/IBC-Insolvency-and-Bankruptcy-Code-TDS-Credit-TDS-ITAT-IBC-Proceedings-against-Employer-Taxscan.jpg "IBC Proceedings against Employer Not a Ground to Deny TDS Credit to Employee: ITAT [Read Order]")
Addition of Unexplained Credit based on bogus LTCG on Sale of Penny Stock without Cogent evidence is not valid: Delhi HC [Read Order]
The Delhi Bench High Court has held that the Addition of unexplained credit based on bogus LTCG on the sale of penny stock without cogent evidence is not valid. Karuna Garg, the appellant...
![Addition of Unexplained Credit based on bogus LTCG on Sale of Penny Stock without Cogent evidence is not valid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Addition-of-Unexplained-Credit-Addition-Unexplained-bogus-LTCG-bogus-LTCG-Sale-of-Penny-Stock-penny-stock-Cogent-evidence-Delhi-HC-taxscan.jpg "Addition of Unexplained Credit based on bogus LTCG on Sale of Penny Stock without Cogent evidence is not valid: Delhi HC [Read Order]")
Addition based on Unexplained Deposit becomes valid when Three conditions required u/s 68 not proved: Allahabad HC [Read Order]
The Allahabad High Court (HC) has held that an Addition based on an unexplained deposit becomes valid when Three conditions required under section 68 of the Income Tax Act,1961 are not proved. ...
![Addition based on Unexplained Deposit becomes valid when Three conditions required u/s 68 not proved: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Deposit-Allahabad-High-Court-taxscan.jpg "Addition based on Unexplained Deposit becomes valid when Three conditions required u/s 68 not proved: Allahabad HC [Read Order]")
Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]
A Division Bench of the Gujarat HC has recently denied to compel the expeditious appointment of Manorama Kumari as the Judicial Member pursuant to the willingness shown in being reappointed at the...
![Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Reappointment-Vested-Right-Gujarat-HC-Expedition-of-Appointment-of-Judicial-Member-of-NCLT-TAXSCAN.jpg "Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]")
Refund of Service Tax paid allowable based on Challans showing date of payment within one year: CESTAT [Read Order]
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the refund of service tax paid is allowable based on challans showing the date of payment within...
![Refund of Service Tax paid allowable based on Challans showing date of payment within one year: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Refund-Refund-Of-Service-Tax-Service-Tax-Service-Tax-Challans-payment-CESTAT-taxscan.jpg "Refund of Service Tax paid allowable based on Challans showing date of payment within one year: CESTAT [Read Order]")
Notice for Cancellation of GST Registration Sent to Mobile Number: Madhya Pradesh HC Upholds Dismissal of Appeal as Time-Barred [Read Order]
In an order favouring the GST department, the Madhya Pradesh High Court has upheld an order stating that the notice for cancellation of GST registration was duly received by the assessee via mobile...
![Notice for Cancellation of GST Registration Sent to Mobile Number: Madhya Pradesh HC Upholds Dismissal of Appeal as Time-Barred [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Notice-GST-Registration-GST-Madhya-Pradesh-High-Court-Appeal-GST-Registration-Sent-to-Mobile-Number-taxscan.jpg "Notice for Cancellation of GST Registration Sent to Mobile Number: Madhya Pradesh HC Upholds Dismissal of Appeal as Time-Barred [Read Order]")
Leasing Land for conducting Research on Hybrid varieties does not amount to Contract Farming, not Taxable: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that Leasing land for conducting research on hybrid varieties does not amount to contract farming and is not taxable. ...
![Leasing Land for conducting Research on Hybrid varieties does not amount to Contract Farming, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Leasing-Land-Land-Contract-Farming-ITAT-taxscan.jpg "Leasing Land for conducting Research on Hybrid varieties does not amount to Contract Farming, not Taxable: ITAT [Read Order]")