No Further Extension: Income Tax Dept cautions Taxpayers to file Returns by 31st Aug
The Income Tax Department has advised the taxpayers to file income tax returns by the deadline of 31st August 2018, the last date for persons whose...
![GST payable on Promotion of Courses of Foreign Universities: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Foreign-Universities-Taxscan.jpg "GST payable on Promotion of Courses of Foreign Universities: AAAR [Read Order]")
![Rental Income can be treated as Business Income even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Rental Income can be treated as Business Income even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment]")
Insolvency Professional punished for Authorizing Firm to raise Invoices for his Professional Fee [Read Order]
The disciplinary committee of the Insolvency and Bankruptcy Board of India (IBBI) has imposed a penalty of one lakh rupees on an Insolvency Professional, Dinkar T. Venkatasubramanian of Ersnt &...
![Insolvency Professional punished for Authorizing Firm to raise Invoices for his Professional Fee [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Insolvency-Professional-Taxscan.jpg "Insolvency Professional punished for Authorizing Firm to raise Invoices for his Professional Fee [Read Order]")
![Supply of UPS and Battery under a Single Contract is Mixed Supply: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/UPS-Depreciation-Taxscan.jpg "Supply of UPS and Battery under a Single Contract is Mixed Supply: AAAR [Read Order]")
Partial Relief to Saif Ali Khan: ITAT allows Vacancy Allowance in respect of his Property in Bandra [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently granted relief to Bollywood actor Saif Ali Khan. The assessee, in addition to his own residential flats, owned property at...
![Partial Relief to Saif Ali Khan: ITAT allows Vacancy Allowance in respect of his Property in Bandra [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Saif-Ali-Khan-Taxscan.jpg "Partial Relief to Saif Ali Khan: ITAT allows Vacancy Allowance in respect of his Property in Bandra [Read Order]")
Committee on Review of Penal provisions of Company Act 2013 submits final report to Finance Minister Arun Jaitley
The Committee constituted by Government of India in July 2018 to review the existing framework dealing with offences under the Companies Act, 2013 and related matters and make recommendations to...
![No Penalty on Refund of Advance from Customers in Cash under a Bonafide Belief: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Cash-Deposits-Taxscan.jpg "No Penalty on Refund of Advance from Customers in Cash under a Bonafide Belief: ITAT [Read Order]")
ITAT uphold Addition since Share Transaction was used as a Colourable device to avoid Tax Liability [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld an income tax addition by holding that the share transaction was used as a colourable device to avoid capital gain tax liability....
![ITAT uphold Addition since Share Transaction was used as a Colourable device to avoid Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Share-Transaction-Taxscan.jpg "ITAT uphold Addition since Share Transaction was used as a Colourable device to avoid Tax Liability [Read Order]")