Mahindra Lifespace denied benefit of ITC to Flat Buyers under Project ‘Avadi’: NAA imposes Penalty and 18% Interest
The National Anti-Profiteering Authority (NAA) imposed a penalty on M/s Mahindra Lifespace Pvt. Ltd., under Project ‘Avadi’ denied the benefit of...
![CESTAT allows Benefit of Duty Exemption on Import of ‘GoPro HERO5 Black’ Action Camera [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/GoPro-HERO5-Black-action-Camera.jpeg "CESTAT allows Benefit of Duty Exemption on Import of ‘GoPro HERO5 Black’ Action Camera [Read Order]")
![No Capital Gain Tax on Conversion of Land held as Stock, Transferred upon HUF-partition: Karnataka HC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2020/07/capital-gain-tax-HUF-partition-Land-Taxscan.jpg "No Capital Gain Tax on Conversion of Land held as Stock, Transferred upon HUF-partition: Karnataka HC [Read Judgement]")
Ultratech Cement avails excessive Subsidies under Rajasthan Investment Promotion Scheme-2003: SC directs Authority to Recover 12% interest per Annum
The Supreme Court held that the Ultratech Cement availed excessive subsidies of 25% under Rajasthan Investment Promotion Scheme-2003 and so interest of 12% per annum is applicable until the whole...
![ITAT allows Tax Relief to Confederation of Indian Textile Industry [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Indian-Textile-industry-Tax-ITAT-Taxscan.jpg "ITAT allows Tax Relief to Confederation of Indian Textile Industry [Read Order]")
Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, in its recent order directed the Assessing Officer (AO) to delete the disallowance made on account of depreciation on payment of brand license...
![Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/ITAT-AO-disallowance-Star-India-brand-license-fees-Depreciation-Taxscan.jpeg "Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]")
ITAT confirms Addition of Rs.1.96 lakh cr in respect of Renu T. Tarani account with HSBC Private Bank Geneva [Read Order]
The Income Tax Appellate Tribunal (ITAT), while upholding the conclusions arrived at by the CIT(A), confirmed the addition of Rs.1.96 lakh crores in respect of assessee Renu T. Tarani account with...
![ITAT confirms Addition of Rs.1.96 lakh cr in respect of Renu T. Tarani account with HSBC Private Bank Geneva [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/HSBC-ITAT-Renu-T-Tarani-Taxscan.jpg "ITAT confirms Addition of Rs.1.96 lakh cr in respect of Renu T. Tarani account with HSBC Private Bank Geneva [Read Order]")
Provisions of Deemed Valid Notice not applicable to Legal Representatives: Delhi HC quashes Notice issued to Dead Person [Read Judgment]
The Delhi High Court, while quashing the notice issued to the dead person under Section 148 of the Income Tax Act, 1961, held that the provisions of section 292BB of the Income Tax Act, 1961...
![Provisions of Deemed Valid Notice not applicable to Legal Representatives: Delhi HC quashes Notice issued to Dead Person [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/07/provisions-notice-Taxscan.jpg "Provisions of Deemed Valid Notice not applicable to Legal Representatives: Delhi HC quashes Notice issued to Dead Person [Read Judgment]")
Transitional ITC can’t be availed of except within the stipulated Time Limit: Madras HC [Read Order]
The Madras High Court held that the transitional Input Tax Credit (ITC) can’t be availed of except within the stipulated time limit. The Petitioner, M/s.P.R.Mani Electronics is a proprietary concern...
![Transitional ITC can’t be availed of except within the stipulated Time Limit: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/ITC-Taxscan.jpeg "Transitional ITC can’t be availed of except within the stipulated Time Limit: Madras HC [Read Order]")