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Taxscan Team
Illegal Mining Case: ED Carries Out Searches at Directors & Chartered Accountants of Broadson Commodities & Aditya Multicom, Seizes Rs. 7.5 Crores
Directorate of Enforcement (ED) has carried out search operations at various premises belonging to M/s Broadson Commodities Pvt Ltd and M/s Aditya...
![RFL Scam: Delhi HC grants Bail to Promoters and CA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/RFL-Scam-RFL-Scam-Delhi-High-Court-grants-Bail-to-Promoters-and-CA-Promoters-Bail-CA-Taxscan.jpg "RFL Scam: Delhi HC grants Bail to Promoters and CA [Read Order]")
![Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Brought-Forward-Losses-Adjusted-Against-Belatedly-filed-ITR-ITAT-TAXSCAN.jpg "Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]")
![CBS Fee is Not Proved as Revenue in Nature: ITAT Upholds Revision Order Against SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/CBS-Fee-ITAT-Revision-Order-SBI-taxscan.jpg "CBS Fee is Not Proved as Revenue in Nature: ITAT Upholds Revision Order Against SBI [Read Order]")
Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the amount forfeited out of share capital would amount to “capital receipt” and therefore, the provisions of section 56(2)(ix) of...
![Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Amount-forfeited-Share-Capital-Amount-forfeited-out-of-Share-Capital-Capital-Receipt-Taxable-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]")
CBIC Notifies Countervailing Duty on SFA from Indonesia, Malaysia and Thailand [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has notified the levy of Countervailing duty on Saturated Fatty Alcohol (SFA) of Carbon chain length C10 to C18 and their blends from Indonesia,...
![CBIC Notifies Countervailing Duty on SFA from Indonesia, Malaysia and Thailand [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBIC-Countervailing-Duty-on-SFA-CBIC-Notifies-Countervailing-Duty-SFA-taxscan.jpg "CBIC Notifies Countervailing Duty on SFA from Indonesia, Malaysia and Thailand [Read Notification]")