Out of Rs. 1.02 Crore, Rs. 73 Lakhs granted from Chartered Accountants Benevolent Fund: ICAI Chief
The President of the Institute of Chartered Accountants of India ( ICAI ) has recently said that so far an amount of Rs. 1,02,35,824/- has been...
![Sale / Lease of the Multi-Functional Printers Subject to 12.5% Tax under MVAT Act: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/01/Multi-Functional-Printers-Taxscan.jpg "Sale / Lease of the Multi-Functional Printers Subject to 12.5% Tax under MVAT Act: Bombay HC [Read Judgment]")
![No Income Tax Deduction to Law Firm for Expenses incurred for Pleasure Tour by Counsels and Family: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Income-Tax-Deduction-Luthra-and-Luthra-Taxscan.jpg "No Income Tax Deduction to Law Firm for Expenses incurred for Pleasure Tour by Counsels and Family: ITAT [Read Order]")
S. 54F Benefit not allowable for Purchase of Land after One Year of Sale of Old Asset: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bengaluru bench has held that the benefit of Section 54F of the Income Tax Act is not available in respect of the purchase of land after the period of one...
![S. 54F Benefit not allowable for Purchase of Land after One Year of Sale of Old Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/deduction-Section-54F-Taxscan.jpg "S. 54F Benefit not allowable for Purchase of Land after One Year of Sale of Old Asset: ITAT [Read Order]")
![Capital Gain Benefit allowable in case of Part Performance of Contract: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Tax.jpg "Capital Gain Benefit allowable in case of Part Performance of Contract: ITAT [Read Order]")
No Tax Deductible on Dealership for Sale of SIM Cards and Mobile Recharge Coupons: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that no tax is deductible under Section 194H of the Income Tax Act, 1961. The assessee is deriving income from distributorship of...
![No Tax Deductible on Dealership for Sale of SIM Cards and Mobile Recharge Coupons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/SIM-Cards-Taxscan.jpg "No Tax Deductible on Dealership for Sale of SIM Cards and Mobile Recharge Coupons: ITAT [Read Order]")
Company Secretary found Guilty for Misconduct for suppressing Enrollment as Advocate [Read Order]
The Disciplinary Committee of the Institute of Company Secretaries of India (ICSI) has found a Company Secretary guilty for professional misconduct since he suppressed the details of his enrollment as...
![Company Secretary found Guilty for Misconduct for suppressing Enrollment as Advocate [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Company-Secretary-Taxscan.jpg "Company Secretary found Guilty for Misconduct for suppressing Enrollment as Advocate [Read Order]")
Receipt through Settlement of Shares is not ‘Business Income’ when it is done by settler of Trust by way of ESOP and not direct purchase from Market: Bombay HC [Read Judgment]
The Bombay High Court has held that when the settlement of shares was done by the settler of Trust by way of employee stock option plan and not a direct purchase from the market, then income generated...
![Receipt through Settlement of Shares is not ‘Business Income’ when it is done by settler of Trust by way of ESOP and not direct purchase from Market: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Sale-Consideration-Business-Income-Taxscan.jpg "Receipt through Settlement of Shares is not ‘Business Income’ when it is done by settler of Trust by way of ESOP and not direct purchase from Market: Bombay HC [Read Judgment]")
ONGC need not deduct TDS for Payment towards third-party certification of Reserves to US Company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the Oil and Natural Gas Corporation ( ONGC ) is not liable to deduct tax on making payments to a US Company towards third-party...
![ONGC need not deduct TDS for Payment towards third-party certification of Reserves to US Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/ONGC-Taxscan.jpg "ONGC need not deduct TDS for Payment towards third-party certification of Reserves to US Company: ITAT [Read Order]")
![Maruti Suzuki gets Relief Order from National Anti-profiteering Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Maruti-Taxscan.jpg "Maruti Suzuki gets Relief Order from National Anti-profiteering Authority [Read Order]")