![Business Expenditure in form of Postage, Courier and Stationery Charges couldn’t be disallowed: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Business-Expenditure-Postage-Courier-Stationery-Charges-Madras-High-Court-Taxscan.jpg "Business Expenditure in form of Postage, Courier and Stationery Charges couldn’t be disallowed: Madras High Court [Read Judgment]")
Business Expenditure in form of Postage, Courier and Stationery Charges couldn’t be disallowed: Madras High Court [Read Judgment]
The Madras High Court held that the business Expenditure in form of Postage, Courier and Stationery Charges could not be disallowed. The assessee,...
![Setback to Himalaya: ITAT confirms disallowance of Advertisement Expenses relating to Construction of Swimming Pool [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Himalaya-Swimming-Pool-ITAT-ITAT-Bangalore-Advertisement-Expenses-Taxscan.jpg "Setback to Himalaya: ITAT confirms disallowance of Advertisement Expenses relating to Construction of Swimming Pool [Read Order]")
No Consensus on Number of Questions on Constitutional Validity of NAA under GST: Delhi HC defers hearing
The Delhi High Court deferred the hearing on the constitutional validity of the National Anti-profiteering Authority (NAA) under the goods and services tax (GST). The court decided to hear all the...
Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that foreign exchange fluctuation should be treated as operating profit/loss while computing the profit margin. The assessee, M/s....
![Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Foreign-exchange-fluctuation-operating-profit-profit-margin-ITAT-Taxscan.jpg "Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]")
Lawyer not empowered to make admission or statement directly surrendering substantial legal rights of client: Madras High Court [Read Judgment]
The Madras High Court held that a lawyer not empowered to make admission or statement directly surrendering substantial legal rights of the client. The Appellant, GLT College was established in...
No Parallel Proceedings under Central and State Acts: Gujarat High Court stays GST Proceedings [Read Petition & Order]
The Gujarat High court stayed the proceedings against separate complaints by State and Central GST Department against the Petitioner on the same facts. The unique case of Double Jeopardy by two...
![No Parallel Proceedings under Central and State Acts: Gujarat High Court stays GST Proceedings [Read Petition & Order]](https://www.taxscan.in/wp-content/uploads/2020/12/parallel-proceedings-State-Act-Central-Act-Gujarat-High-court-Taxscan-1.jpg "No Parallel Proceedings under Central and State Acts: Gujarat High Court stays GST Proceedings [Read Petition & Order]")
Promotional Activities by Coca Cola Franchisee not covered under ‘BAS’, No Service Tax: CESTAT [Read Order]
The Chandigarh bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has recently held that service tax cannot be imposed on Coca Cola Franchisee for the promotional activities...
![Promotional Activities by Coca Cola Franchisee not covered under ‘BAS’, No Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Promotional-Activities-Coca-Cola-Franchisee-BAS-Service-Tax-CESTAT-Coca-Cola-Taxscan.jpg "Promotional Activities by Coca Cola Franchisee not covered under ‘BAS’, No Service Tax: CESTAT [Read Order]")
No Tax applicable on Shipping Income of Foreign Vessels under India-Singapore Tax Treaty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that no tax applicable on the shipping income of foreign vessels under the India-Singapore Tax Treaty. The assessee, M/s. Bengal Tiger Line Pte Ltd....
![No Tax applicable on Shipping Income of Foreign Vessels under India-Singapore Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Shipping-Income-Foreign-Vessels-India-Singapore-Tax-Treaty-ITAT-Taxscan.jpeg "No Tax applicable on Shipping Income of Foreign Vessels under India-Singapore Tax Treaty: ITAT [Read Order]")
ITAT directs Assessing Officer to delete addition on account of Depreciation on Membership Card [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench directed the AO to delete addition on account of depreciation on membership card. The assessee, Edelweiss Financial Advisors Ltd. is...
![ITAT directs Assessing Officer to delete addition on account of Depreciation on Membership Card [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-Assessing-Officer-Depreciation-on-Membership-Card-Membership-Card-Taxscan-1.jpg "ITAT directs Assessing Officer to delete addition on account of Depreciation on Membership Card [Read Order]")