![Post- Sale Discounts cannot be Deducted from Transaction Value under GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Post-Sale-Discounts-Taxscan.jpg "Post- Sale Discounts cannot be Deducted from Transaction Value under GST: AAR [Read Order]")
Post- Sale Discounts cannot be Deducted from Transaction Value under GST: AAR [Read Order]
In a major setback to the traders, the Authority for Advance Rulings (AAR) of Maharashtra has ruled that the post- sale discounts offered by...
![Company Registered under Registration of Companies Act Sikkim is ‘AoP’ for Income Tax Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Income-Tax-Taxscan.jpg "Company Registered under Registration of Companies Act Sikkim is ‘AoP’ for Income Tax Purpose: ITAT [Read Order]")
![Municipal Ratable Value applicable If House is Self-Occupied by Assessee and has Actual Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Municipal Ratable Value applicable If House is Self-Occupied by Assessee and has Actual Rental Income: ITAT [Read Order]")
![License Fees paid to Consultant / Doctors abroad under a Business Arrangement is Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/License-Fees-Taxscan.jpg "License Fees paid to Consultant / Doctors abroad under a Business Arrangement is Allowable as Deduction: ITAT [Read Order]")
Expense Incurred by Royal Challengers for construction of Cricket Academy is Deductible from Income: ITAT [Read Order]
In a major relief to the IPL cricket team, Royal Challengers, Bangalore, the Income Tax Appellate Tribunal (ITAT) has held that the expenses incurred by the Company, for construction of Cricket...
![Expense Incurred by Royal Challengers for construction of Cricket Academy is Deductible from Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Royal-Challengers-Taxscan.jpg "Expense Incurred by Royal Challengers for construction of Cricket Academy is Deductible from Income: ITAT [Read Order]")
Gift to Customers not Deductible as Business Expenditure since Its Nature and Identity of Recipients was not Disclosed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has observed that gift to the customers cannot be treated as Business expenditure for granting income tax deduction since the assessee failed to...
![Gift to Customers not Deductible as Business Expenditure since Its Nature and Identity of Recipients was not Disclosed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Expenditure-Taxscan.jpg "Gift to Customers not Deductible as Business Expenditure since Its Nature and Identity of Recipients was not Disclosed: ITAT [Read Order]")
![Catering Services to Canteen, Mess, Offce etc attract 5% GST [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/07/Catering-Services-Taxscan.jpg "Catering Services to Canteen, Mess, Offce etc attract 5% GST [Read Notification]")
![Govt notifies GST Exemption to certain Services [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/12/GST-Exemption-Taxscann.jpg "Govt notifies GST Exemption to certain Services [Read Notification]")
RCM applicable for Service by Individual Direct Selling Agents (DSAs) to Banks / NBFCs [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) has notified that the services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) are taxable...
![RCM applicable for Service by Individual Direct Selling Agents (DSAs) to Banks / NBFCs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/06/Reverse-Charge-Mechanism.jpg "RCM applicable for Service by Individual Direct Selling Agents (DSAs) to Banks / NBFCs [Read Notification]")
Payment to Resume Sub-Tenanted Portion of Property is Capital Expenditure: Calcutta HC [Read Judgment]
A two-judge bench of the Calcutta High Court has held that the payment made to resume the sub-tenanted portion of the property is not business expenditure as the same amount to capital in nature, and...
![Payment to Resume Sub-Tenanted Portion of Property is Capital Expenditure: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/07/Sub-Tenanted-Taxscan.jpg "Payment to Resume Sub-Tenanted Portion of Property is Capital Expenditure: Calcutta HC [Read Judgment]")