Begin typing your search above and press return to search.
ICAI goes more Stringent against misleading Media Reports: Slams Reports on IT Returns filed by CAs
In a bid to go more stringent towards the medias for shaming the Chartered Accountants profession, the Institute of Chartered Accountants of India (...
![Penalty not leviable If Assessee’s Claim for Deduction gets Rejected: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/10/Penalty-Madras-High-Court-Taxscan.jpg "Penalty not leviable If Assessee’s Claim for Deduction gets Rejected: Madras HC [Read Judgment]")
![Re-Opening of GST TRAN-1 to Rectify Errors; Bombay HC asks CBIC to resolve Issue within 12 Weeks [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Form-GST-TRAN-1-Taxscan.jpg "Re-Opening of GST TRAN-1 to Rectify Errors; Bombay HC asks CBIC to resolve Issue within 12 Weeks [Read Judgment]")
![Expenditure incurred to Repair or Renovate existing Make-up Rooms are Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Maintenance-Repair.jpg "Expenditure incurred to Repair or Renovate existing Make-up Rooms are Revenue in Nature: ITAT [Read Order]")
![VAT Re-Assessment Order passed after GST rollout is Valid: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/06/Land-Transactions-Karnataka-High-Court.jpg "VAT Re-Assessment Order passed after GST rollout is Valid: Karnataka HC [Read Judgment]")
![Amount paid for discharge of Mortgage Interest deductible as Cost of Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Cost-of-Acquisition.jpg "Amount paid for discharge of Mortgage Interest deductible as Cost of Acquisition: ITAT [Read Order]")
Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) in Psychotropics Leasing & Finance(P) Ltd. versus Income-tax Officer has held that the income/losses declared by the investor...
![Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Share-Capital-Taxscan.jpg "Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]")
Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi High Court [Read Judgment]
A two-judge bench of the Delhi High Court has held that the payment for encashment of bank guarantee and the interest paid on late payment are capital expenditure for the purpose of Income Tax Act. ...
![Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/10/Refund-Claims-Delhi-High-Court-Taxscan.jpg "Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi High Court [Read Judgment]")
Deduction for “Foreign project” available to Works in connection with Shut Down of Refinery: Madras HC [Read Judgment]
A two-judge bench of the Madras High Court held that the term “foreign projects” for the purpose of Income Tax deduction under section 80HHB(2)(b)(ii) of the Income Tax Act, 1961 would also include...
![Deduction for “Foreign project” available to Works in connection with Shut Down of Refinery: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Deduction for “Foreign project” available to Works in connection with Shut Down of Refinery: Madras HC [Read Judgment]")
![Income from Flats and Shops held as Stock-in-Trade is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flat-Taxscan.jpg "Income from Flats and Shops held as Stock-in-Trade is Business Income: ITAT [Read Order]")
![GST: CBIC clarifies Issues on Refund [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/09/Refund-Taxscan.jpg "GST: CBIC clarifies Issues on Refund [Read Circular]")