![Gift through Banking Channels can’t be treated as Genuine unless Conditions of S. 68 is satisfied: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Monies-Taxscan.jpg "Gift through Banking Channels can’t be treated as Genuine unless Conditions of S. 68 is satisfied: Delhi HC [Read Judgment]")
Gift through Banking Channels can’t be treated as Genuine unless Conditions of S. 68 is satisfied: Delhi HC [Read Judgment]
In the Commissioner of Income Tax vs M.S Aggarwal the Delhi High Court reiterated the decision of Sumati Dayal versus Commissioner of Income Tax,...
![No Addition without any Corroborative Evidence indicating Payment of On–Money: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/On�Money-Taxscan.jpg "No Addition without any Corroborative Evidence indicating Payment of On–Money: ITAT [Read Order]")
![ITAT asks Google to pay Tax on Adwords Payments [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Google-Adwords.jpg "ITAT asks Google to pay Tax on Adwords Payments [Read Order]")
![Audit Firms to face Penalty If Partners found involved in Fraud: Govt amends Companies (Audit and Auditors) Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/05/Audit-Firms-Taxscan.jpg "Audit Firms to face Penalty If Partners found involved in Fraud: Govt amends Companies (Audit and Auditors) Rules [Read Notification]")
![Institute Imparting Training in Foreign Languages Exempted from Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Service-Tax-Exemption-Pradhan-Mantri-Vaya-Vandana-Yojana.jpg "Institute Imparting Training in Foreign Languages Exempted from Service Tax: CESTAT [Read Order]")
Education Subsidy given by Employer to Schools where Children of Employees pay only part Fee is not Perquisite: Gujarat HC [Read Judgment]
The Gujarat High Court in Gujarat Co-operative Milk Marketing Federation Ltd vs. Income Tax Officer, held that the subsidy provided by the employer to the school towards the deficit of education...
![Education Subsidy given by Employer to Schools where Children of Employees pay only part Fee is not Perquisite: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Perquisite-Taxscan.jpg "Education Subsidy given by Employer to Schools where Children of Employees pay only part Fee is not Perquisite: Gujarat HC [Read Judgment]")
![First Appellate Authority under Delhi GST Act Notified [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/GST-Rate.jpg "First Appellate Authority under Delhi GST Act Notified [Read Notification]")
Material Found during Survey in the Premises of Person Connected to the Assessee Can Be Used in Block Assessment of the Assessee: Supreme Court [Read Judgment]
In CIT vs. S. Ajit Kumar, the Supreme Court held that the material found in the course of survey in the premises of a person connected to the assessee could be used in Block Assessment of the...
![Material Found during Survey in the Premises of Person Connected to the Assessee Can Be Used in Block Assessment of the Assessee: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Material Found during Survey in the Premises of Person Connected to the Assessee Can Be Used in Block Assessment of the Assessee: Supreme Court [Read Judgment]")
No Addition when Source of Funds was referable to Monies Pooled from Customers in the Form of Advances Received and Sales effected in Business: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) in Dyapa Rajini vs. Income Tax Officer held that no addition under Section 69 of the Income Tax Act, 1961 could be made when source of funds...
Reassessment Proceeding must be initiated within the Time Limit prescribed under Section 149(1)(b): Chhattisgarh HC [Read Judgment]
The Chhattisgarh High Court in M/s. Ardent Steel Limited vs. ACIT & Anr. held that reassessment proceeding must be initiated within the time limit prescribed under Section 149(1)(b) of the Income...
![Reassessment Proceeding must be initiated within the Time Limit prescribed under Section 149(1)(b): Chhattisgarh HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Reassessment-Chhattisgarh-High-Court-Taxscan.jpg "Reassessment Proceeding must be initiated within the Time Limit prescribed under Section 149(1)(b): Chhattisgarh HC [Read Judgment]")
![E-Rickshaw Tyres is liable to GST at the rate of 28%: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/E-Rickshaw-Taxscan.jpg "E-Rickshaw Tyres is liable to GST at the rate of 28%: AAR [Read Order]")