![Benefit Received in the Nature of Cash or Money from Waiver of Loan is Non-Taxable under Section 28(iv) of IT Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Benefit Received in the Nature of Cash or Money from Waiver of Loan is Non-Taxable under Section 28(iv) of IT Act: Supreme Court [Read Judgment]")
Benefit Received in the Nature of Cash or Money from Waiver of Loan is Non-Taxable under Section 28(iv) of IT Act: Supreme Court [Read Judgment]
In The Commissioner vs. Mahindra and Mahindra Ltd. the Supreme Court held that perquisite received in the form of waiver of loan cannot be taxed under...
![Sale of Sim Cards by Reliance Communication Infrastructure Ltd. Not Telecommunication Service: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/Reliance-Communications.jpg "Sale of Sim Cards by Reliance Communication Infrastructure Ltd. Not Telecommunication Service: CESTAT [Read Order]")
![GST TRAN 1 Relief: Madhya Pradesh HC directs Petitioner to approach Govt’s IT Grievance Redressal Committee [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/GST-Portal.jpg "GST TRAN 1 Relief: Madhya Pradesh HC directs Petitioner to approach Govt’s IT Grievance Redressal Committee [Read Judgment]")
![Chhattisgarh Bar Council Eligible for IT Exemptions: Chhattisgarh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Chhattisgarh-Bar-Council-Chhattisgarh-High-Court-Taxscan.jpg "Chhattisgarh Bar Council Eligible for IT Exemptions: Chhattisgarh HC [Read Order]")
![Bingo Chips is Processed Vegetable, Lower Tax Rate Applicable: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Bingo-Chips-Taxscan.jpg "Bingo Chips is Processed Vegetable, Lower Tax Rate Applicable: Madras HC [Read Judgment]")
No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]
In Padmini Chand & Anr. vs. Asstt. Commissioner of Income Tax, the Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that capital gain will not arise when sale deeds have been executed...
![No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]")
![No TDS in respect of Sale of Pre-paid Sim Cards and RCVs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Sim-Card-Taxscan.jpg "No TDS in respect of Sale of Pre-paid Sim Cards and RCVs: ITAT [Read Order]")
![Gujarat HC Stays CESTAT Ahmedabad’s Order Transferring Cases to Mumbai Bench [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Gujarat-High-Court-Tax-Scan-1.jpg "Gujarat HC Stays CESTAT Ahmedabad’s Order Transferring Cases to Mumbai Bench [Read Order]")
Commission Deducted by Foreign Agent from Sale Consideration can’t enjoy S. 80HHC Benefit: Kerala HC [Read Judgment]
Two judge Bench of the Kerala High Court in The Commissioner of Income Tax, Cochin vs. Parry Agro Industries Ltd. held that the commission deducted by the foreign agent from the sale consideration...
![Commission Deducted by Foreign Agent from Sale Consideration can’t enjoy S. 80HHC Benefit: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Commission-Taxscan.jpg "Commission Deducted by Foreign Agent from Sale Consideration can’t enjoy S. 80HHC Benefit: Kerala HC [Read Judgment]")
Services Provided by Outgoing Tenant by Way of Surrendering Tenancy Rights for a Portion of Tenancy Premium is liable to GST: CBIC [Read Circular]
The Central Board of Indirect Taxes and Customs ( CBIC ), today, clarified that services provided by the outgoing tenant by way of surrendering the Tenancy Rights against consideration in the form of...
![Services Provided by Outgoing Tenant by Way of Surrendering Tenancy Rights for a Portion of Tenancy Premium is liable to GST: CBIC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/05/Tenancy-Rights-GST-Taxscan.jpg "Services Provided by Outgoing Tenant by Way of Surrendering Tenancy Rights for a Portion of Tenancy Premium is liable to GST: CBIC [Read Circular]")
Cabinet approves Mutual Recognition Agreement between the ICAI and South African Institute of Chartered Accountants
The Union Cabinet chaired by Prime Minister Narendra Modi has has approved the Mutual Recognition Agreement between the Institute of Chartered Accountants of India ( ICAI ) and The South African...
If all Materials are supplied by Contractee, It is a Contract for Work: Uttarakhand HC [Read Judgment]
The Uttarakhand High Court in Commissioner Commercial Tax vs. M/s. Jai Durge, held that as the entire raw materials were supplied by the Contractee, the contract was for work. The assessee-respondent...
![If all Materials are supplied by Contractee, It is a Contract for Work: Uttarakhand HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Works-Contract.jpg "If all Materials are supplied by Contractee, It is a Contract for Work: Uttarakhand HC [Read Judgment]")