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Taxscan Team
![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]")
CBS Fee is Not Proved as Revenue in Nature: ITAT Upholds Revision Order Against SBI [Read Order]
In a setback to the State Bank of India (SBI), the Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that since the fee paid for core...
![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]")
