Taxscan Team
![Builder Liable to Pay Income Tax on Rental Income on Notional Basis of Municipal Ratable Value on Vacant Unsold Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Builder-Income-Tax-Rental-Income-Notional-Basis-Municipal-Ratable-Value-Unsold-Flats-ITAT-Taxscan.jpg "Builder Liable to Pay Income Tax on Rental Income on Notional Basis of Municipal Ratable Value on Vacant Unsold Flats: ITAT [Read Order]")
Builder Liable to Pay Income Tax on Rental Income on Notional Basis of Municipal Ratable Value on Vacant Unsold Flats: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has directed the income tax department to compute income tax on the rental income on the basis...
![TDS u/s 195 Not Applicable on Reimbursement of Allowances to Employees Deputed Outside India: ITAT Grants Relief to PII [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Reimbursement-of-Allowances-to-Employees-Reimbursement-of-Allowances-ITAT-PII-taxscan-.jpg "TDS u/s 195 Not Applicable on Reimbursement of Allowances to Employees Deputed Outside India: ITAT Grants Relief to PII [Read Order]")
![Distributor Not Required to Deduct TDS on Payment of Turnover Discount to Dealers u/s 194H of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Distributor-TDS-on-Payment-TDS-Payment-Turnover-Discount-to-Dealers-Income-Tax-Act-ITAT-taxscan.jpg "Distributor Not Required to Deduct TDS on Payment of Turnover Discount to Dealers u/s 194H of Income Tax Act: ITAT [Read Order]")
![Re-Deposit of Cash during Demonetization for House Renovation and Marriage of Son is “Normal Conduct of an Ordinary Man”: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Re-Deposit-of-Cash-Demonetization-House-Renovation-Marriage-of-Son-ITAT-taxscan.jpg "Re-Deposit of Cash during Demonetization for House Renovation and Marriage of Son is “Normal Conduct of an Ordinary Man”: ITAT deletes Addition [Read Order]")
![Distribution Fee to AE of Google India cannot be Treated as “Royalty/FTS”: ITAT deletes Orders against Google India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Distribution-Fee-AE-AE-of-Google-India-Royalty-FTS-ITAT-Orders-Google-India-taxscan.jpeg "Distribution Fee to AE of Google India cannot be Treated as “Royalty/FTS”: ITAT deletes Orders against Google India [Read Order]")
VAT on Road Tax, Insurance Premium, Octroi Duty and Other Charges Collected by Vehicle Dealers: Bombay HC Directs Enquiry
The Bombay High Court has directed the VAT department to conduct an enquiry on whether VAT shall be applicable on the amount of road tax, insurance premium, octroi duty and other charges collected by...
MCA Amends Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, Revises Forms
The Ministry of Corporate Affairs (MCA) has notified the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 and has notified the revised format of Form No. STK-2,...
Madras HC Orders to Conduct Special Audit for ICAI in Three Months Upon Finding Irregularities [Read Order]
The Madras High Court has ordered to conduct a Special Audit for the Institute of Chartered Accountants of India (ICAI) in three months after considering the allegations raised by a Chartered...
Corruption Allegation against Ex-ICAI President: Madras HC directs Petitioner to approach Competent Authority to Initiate Proceedings [Read Order]
In a petition filed by a Chartered Accountant, the Madras High Court has allowed to initiate corruption cases against the then Presidents of the Institute of Chartered Accountants of India (ICAI) in...
9-Judge Bench of Supreme Court to Decide Constitutionality of GST Levy on Rent/ Lease Payments [Read Judgement]
A two-judge bench of the Supreme Court on Tuesday granted leave to a Special Leave Petition challenging a judgment delivered by the Orissa High Court on the issue of levy of GST on rental/ lease...
![9-Judge Bench of Supreme Court to Decide Constitutionality of GST Levy on Rent/ Lease Payments [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/04/Supreme-Court-GST-Levy-on-Rent-Lease-Payments-Constitutionality-of-GST-GST-Lease-taxscan.jpg "9-Judge Bench of Supreme Court to Decide Constitutionality of GST Levy on Rent/ Lease Payments [Read Judgement]")