MCA simplifies process for Incorporation of Companies, notifies New Forms ‘SPICe+’ and ‘AGILE-PRO’
The Ministry of Corporate Affairs (MCA) has simplified the process for incorporation of the Companies and also notified two new forms to ‘ SPICe+ ’...
![ICSI notifies New Expanded definition of ‘Register of Members’ [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/ICSI-Register-of-Members-Taxscan.jpg "ICSI notifies New Expanded definition of ‘Register of Members’ [Read Notification]")
![Supreme Court stays Rajasthan High Court Order extending deadline of GSTR-9 and GSTR-9C [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Supreme-Court-GSTR-9-Taxscan.jpg "Supreme Court stays Rajasthan High Court Order extending deadline of GSTR-9 and GSTR-9C [Read Order]")
![ICSI Students and Trainees can be Prosecuted for Professional Misconduct: ICSI notifies Amendment [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/11/CA-Misconduct-Supreme-Court-Taxscan.jpg "ICSI Students and Trainees can be Prosecuted for Professional Misconduct: ICSI notifies Amendment [Read Notification]")
West Bengal Budget 2020 proposes to waive Agricultural Income Tax to Tea Gardens for Next Two Financial Years
Amit Mitra the Finance Minister of West Bengal presented the Budget 2020 and made the significant announcement of the waiver of the Agricultural Income Tax of the tea gardens for the 2 financial years...
Agricultural Lands not ‘Capital Asset’ If Buyer Company maintains the Land Character: ITAT Delhi [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi in January held that agricultural lands cannot be treated as a capital asset if the company that purchases such land maintains its character as...
![Agricultural Lands not ‘Capital Asset’ If Buyer Company maintains the Land Character: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Agricultural-Land-ITAT-Delhi-Taxscan.jpg "Agricultural Lands not ‘Capital Asset’ If Buyer Company maintains the Land Character: ITAT Delhi [Read Order]")
'One-Time' Tax on Used Vehicles cannot be levied by RTO from Second Owners: Gujarat HC [Read Judgment]
The Gujarat High Court has that the Regional Transport Office (RTO) cannot levy 'One Time Tax' on used vehicles from second owners since the first owner of the said vehicle has already paid such tax. ...
![Penalty cant be levied on Erroneously Seized Amount: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Cash-Seized.jpg "Penalty cant be levied on Erroneously Seized Amount: Supreme Court [Read Judgment]")
MODVAT Credit not allowable as Deduction u/s 43B of Income Tax Act: Supreme Court [Read Judgment]
The Supreme Court in the case of Maruti Suzuki India Ltd v CIT has held that MODVAT credit does not qualify as ‘any sum payable by the assessee by way of tax, duty, cess or fee’ u/s 43B of the Central...
![MODVAT Credit not allowable as Deduction u/s 43B of Income Tax Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/MODVAT-Credit-MODVAT-Scheme-Income-Tax-Act-Supreme-Court-Taxscan.jpg "MODVAT Credit not allowable as Deduction u/s 43B of Income Tax Act: Supreme Court [Read Judgment]")
Punjab HC refuses to grant Bail as creation of Fake Invoice to avail ITC are Serious Allegations [Read Order]
The Punjab and Haryana High Court in the case of Sanjay Dhingra vs. Director-General of Goods and Service Tax (DGGST) Intelligence has refused to grant the concession bail in the case where petitioner...
![Punjab HC refuses to grant Bail as creation of Fake Invoice to avail ITC are Serious Allegations [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/10/Fake-Invoices-GST-Evasion-GST-Taxscan.jpg "Punjab HC refuses to grant Bail as creation of Fake Invoice to avail ITC are Serious Allegations [Read Order]")
