![Benefit of Deduction can’t be given to an Industry If has No Control over Manufacturing Process: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/08/Deduction-Bombay-High-Court-Taxscan.jpg "Benefit of Deduction can’t be given to an Industry If has No Control over Manufacturing Process: Bombay HC [Read Judgment]")
Benefit of Deduction can’t be given to an Industry If has No Control over Manufacturing Process: Bombay HC [Read Judgment]
A division bench of the Bombay High Court has held that the benefit of deduction under section 80-IB of the Income Tax Act, 1961 cannot be given to an...
![Provisions of Deemed Dividend Applicable only to Extent of Accumulated Profits available at the beginning of the relevant FY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Provisions of Deemed Dividend Applicable only to Extent of Accumulated Profits available at the beginning of the relevant FY: ITAT [Read Order]")
![Tax Relief cannot be denied to Society for having Objects other than Education: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/02/Tax-Relief.jpg "Tax Relief cannot be denied to Society for having Objects other than Education: ITAT [Read Order]")
No Tax Exemption if Agricultural Land was declared as Industrial Plot during Registration of Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi bench has held that income tax is payable on the sale of agricultural land if the same was declared as the industrial plot by the competent...
![No Tax Exemption if Agricultural Land was declared as Industrial Plot during Registration of Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Exemption-Agricultural-Land-Taxscan.jpg "No Tax Exemption if Agricultural Land was declared as Industrial Plot during Registration of Sale Deed: ITAT [Read Order]")
Homebuyers to be part of Insolvency Process: SC Orders Fresh bids for Jaypee Infra [Read Judgment]
While allowing a bunch of petitions in the Jaypee Infratech matter, the Supreme Court ordered a fresh round of bidding for the company but barred the parent Jaiprakash Associates or its promoters from...
![Homebuyers to be part of Insolvency Process: SC Orders Fresh bids for Jaypee Infra [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/08/Jaypee-Infra-Supreme-Court-of-India-Taxscan.jpg "Homebuyers to be part of Insolvency Process: SC Orders Fresh bids for Jaypee Infra [Read Judgment]")
![GSTR 3B from July to March 2019 required to be filed by 20th of Next Month [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/08/GSTR-3B-Taxscan.jpg "GSTR 3B from July to March 2019 required to be filed by 20th of Next Month [Read Notification]")
![CBIC clarifies GST Rates on various Goods and Services [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/07/GST-One-Tax-One-Nation.jpg "CBIC clarifies GST Rates on various Goods and Services [Read Circular]")
![Fertilizers supplied for use in Manufacture of Other Fertilizers attract 5% GST: CBIC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/08/Fertilizers-Taxscan.jpg "Fertilizers supplied for use in Manufacture of Other Fertilizers attract 5% GST: CBIC [Read Circular]")
GST payable on Net Quantity of Petroleum Gases retained for Manufacture of Petrochemical and Chemical Products, says CBIC [Read Circular]
The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that, GST will be payable by the refinery only on the net quantity of petroleum gases retained by the recipient manufacturer for...
![GST payable on Net Quantity of Petroleum Gases retained for Manufacture of Petrochemical and Chemical Products, says CBIC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/08/Petroleum-Gases-Taxscan.jpg "GST payable on Net Quantity of Petroleum Gases retained for Manufacture of Petrochemical and Chemical Products, says CBIC [Read Circular]")