Taxscan Team
![Nexus between Income of Detenue and Acquisition of Property must be established under SAFEM Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Acquisition-of-Property-SAFEM-Act-Madras-HC-taxscan.jpg "Nexus between Income of Detenue and Acquisition of Property must be established under SAFEM Act: Madras HC [Read Order]")
Nexus between Income of Detenue and Acquisition of Property must be established under SAFEM Act: Madras HC [Read Order]
The Madras High Court has held that the nexus between Income of detenue and the acquisition of property must be established under the Smugglers and...
![Construction of House couldnt be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Construction-of-House-ITAT-Capital-Gain-Exemption-taxscan.jpg "Construction of House couldnt be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]")
![For procedural lapse benefit of CENVAT Credit cannot be denied as Duty payment under Invoice, receipt of input has not been disputed: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/CENVAT-credit-duty-payment-invoice-receipt-of-input-CESTAT-Taxscan.jpeg "For procedural lapse benefit of CENVAT Credit cannot be denied as Duty payment under Invoice, receipt of input has not been disputed: CESTAT [Read Order]")
![Error Occurred Inadvertently and Assessee filed Reversed Return Admitting Demand: Delhi HC upholds decision set aside Penalty Proceedings u/s 271 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Reversed-Return-Demand-Delhi-Hc-Penalty-Proceedings-taxscan.jpg "Error Occurred Inadvertently and Assessee filed Reversed Return Admitting Demand: Delhi HC upholds decision set aside Penalty Proceedings u/s 271 [Read Order]")
Seriousness of Offences Alone, Not Conclusive of the Applicant's Entitlement to Bail: Allahabad High Court [Read Order]
The Allahabad High Court has, recently while granting bail to a GST accused, held that seriousness of the offences alone cannot be conclusive of the applicant’s entitlement to bail. The aforesaid...
![Seriousness of Offences Alone, Not Conclusive of the Applicants Entitlement to Bail: Allahabad High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Seriousness-Offences-Bail-Allahabad-High-Court-taxscan.jpg "Seriousness of Offences Alone, Not Conclusive of the Applicants Entitlement to Bail: Allahabad High Court [Read Order]")
Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench, while deleting a disallowance, has held that the reimbursement of sales promotion expenses incurred through Credit Card to the directors of...
![Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Reimbursemen-Sales-Promotion-Expenses-Credit-Card-Directors-ITAT-taxscan.jpg "Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]")
Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]
The Surat bench of Income Tax Appellate Tribunal (ITAT) comprising Shri Pawan Singh, JM and Dr Arjun Lal Saini, AM has held that the addition on profit estimation needs to be done on profit to the...
![Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/profit-Trading-Manufacturing-Diamonds-CBDT-Circular-ITAT-taxscan.jpg "Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]")
Interdepartmental Communication insufficient to Claim Exemption from Additional Toll: J & K & L HC [Read Order]
“Taxes and levies can be imposed or collected only by authority of law and exemption, if any envisaged therein, too, can be by authority of law.” - Jammu and Kashmir & Ladakh High Court The...
![Moratorium u/s 14 of IBC will not bar attachment under PMLA: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Moratorium-IBC-PMLA-Delhi-High-Court-taxscan.jpg "Moratorium u/s 14 of IBC will not bar attachment under PMLA: Delhi High Court [Read Order]")