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Income Tax Dept warns Fake Refund Messages of Fraudsters
As part of taking preventive measures to ensure the security of the accounts of the taxpayers, the Income Tax department has recently asked the...
![Manufacturing Tea Bags attract 5% GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Processed-Tea-Taxscan.jpg "Manufacturing Tea Bags attract 5% GST: AAR [Read Order]")
![Credit Card Commission to Banks does not attract TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Credit-Card-Payments-Taxscan.jpg "Credit Card Commission to Banks does not attract TDS: ITAT [Read Order]")
![Amendment to 80A (5) does not bar the Assessee from Revising the Computation for Deduction made under the provision: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "Amendment to 80A (5) does not bar the Assessee from Revising the Computation for Deduction made under the provision: Delhi HC [Read Judgment]")
Resolution Plan cannot be challenged before the NCLT on the ground of failure to meet the threshold requirement where the same is purely a business decision: SC [Read Judgment]
The Supreme Court in the case of K. Sashidhar v. Indian Overseas Bank & Ors. held that if the opposition to the proposed resolution plan is purely a commercial or business decision, the same,...
![Resolution Plan cannot be challenged before the NCLT on the ground of failure to meet the threshold requirement where the same is purely a business decision: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/02/NCLT-Supeme-Court-Taxscan.jpg "Resolution Plan cannot be challenged before the NCLT on the ground of failure to meet the threshold requirement where the same is purely a business decision: SC [Read Judgment]")
Absence of New Material and Existence of Identical facts in a series of AYs, similar treatment was to be attributed in the relevant AY: ITAT [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal ( ITAT ) in the case of M/s. Chattisgarh Mineral Development Corpn. Ltd. v. ACIT held that in absence of new material and existence of identical facts...
![Absence of New Material and Existence of Identical facts in a series of AYs, similar treatment was to be attributed in the relevant AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Wrong-Name-ITAT-Taxscan.jpg "Absence of New Material and Existence of Identical facts in a series of AYs, similar treatment was to be attributed in the relevant AY: ITAT [Read Order]")
Tax Deduction available to Legal and Professional Fees paid for Transfer of Shares: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has allowed the deduction to the fees paid to legal and professional fees in connection with the transfer of shares. Section 48 (i) of the Act...
![Tax Deduction available to Legal and Professional Fees paid for Transfer of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Uncharitable-Activity-Collecting-Fees-Taxscan.jpg "Tax Deduction available to Legal and Professional Fees paid for Transfer of Shares: ITAT [Read Order]")
