![A Provision not backed by any Actual Expenditure can’t be allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/deduction.jpg "A Provision not backed by any Actual Expenditure can’t be allowed as Deduction: ITAT [Read Order]")
A Provision not backed by any Actual Expenditure can’t be allowed as Deduction: ITAT [Read Order]
While hearing the case of Dia Vikas Capital Pvt. Ltd, the Delhi bench of Income Tax Appellate Tribunal (ITAT) recently ruled that if there is only a...
![No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "No Addition If Delay in Depositing Cash withdrawn was explained by way of Oral Evidence: Delhi High Court [Read Judgment]")
![‘Charges for Facilities provided’ to be considered to determine Rent, Not ‘Payment for Use of Land’: Uttarakhand HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Indian-Oil-Corporation-Taxscan.jpg "‘Charges for Facilities provided’ to be considered to determine Rent, Not ‘Payment for Use of Land’: Uttarakhand HC [Read Judgment]")
![Advising Foreign Client for making Investment in Indian Real Estate Companies is Management or Business Consultant Service: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Service-Tax-Real-Estate-Taxscan.jpg "Advising Foreign Client for making Investment in Indian Real Estate Companies is Management or Business Consultant Service: CESTAT [Read Order]")
![MCA Extends Condonation of Delay Scheme to 1st May [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/Condonation-of-Delay-Scheme-2018-Taxscan.jpg "MCA Extends Condonation of Delay Scheme to 1st May [Read Notification]")
Collection of Post-dated Cheques during Inspection not permissible under GST: Gujarat HC sets aside Provisional Attachment of Bank Accounts [Read Judgment]
In M/s. Remark Flour Mills Pvt. Ltd vs. State of Gujarat, the Gujarat High Court slammed the practice of collecting post-dated cheques during inspection is not permissible under the Goods and Services...
![Collection of Post-dated Cheques during Inspection not permissible under GST: Gujarat HC sets aside Provisional Attachment of Bank Accounts [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Gujarat-High-Court-Tax-Scan-1.jpg "Collection of Post-dated Cheques during Inspection not permissible under GST: Gujarat HC sets aside Provisional Attachment of Bank Accounts [Read Judgment]")
GST Revenue Collections: Rs. 7.19 lakh crore collected under GST in the period between August 2017 and March 2018
During 2017-18, total GST Revenue collected under GST in the period between August 2017 and March 2018 has been Rs. 7.19 lakh crore. This includes Rs. 1.19 lakh crore of CGST, Rs. 1.72 lakh crore of...
![Second Notice u/s 158BC by same Assessing Officer is Valid: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Second Notice u/s 158BC by same Assessing Officer is Valid: Supreme Court [Read Judgment]")
![Discounts by E-Commerce Portals not Taxable: Flipkart gets relief from ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Flipkart-ITAT-Taxscan.jpg "Discounts by E-Commerce Portals not Taxable: Flipkart gets relief from ITAT [Read Order]")
Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]
In Addl. Commissioner of Income Tax vs. Bharat V. Patel, the Supreme Court held that the amount received from redemption of Stock Appreciation Rights (SARs) can be treated only as capital gains and...
![Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]")
Sharadha Chit Funds Scam: Madras HC dismisses Nalini Chidambaram’s plea to quash ED summons [Read Judgment]
The Madras High Court has dismissed a petition filed by Senior Advocate Nalini Chidambaram for quashing a summons by Enforcement Directorate (ED) under section 50 of the Prevention of Money Laundering...
![Sharadha Chit Funds Scam: Madras HC dismisses Nalini Chidambaram’s plea to quash ED summons [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Nalini-Chidambaram-Taxscan.jpg "Sharadha Chit Funds Scam: Madras HC dismisses Nalini Chidambaram’s plea to quash ED summons [Read Judgment]")
Govt appoints Officers for conducting Search and Seizure under Fugitive Economic Offenders Ordinance [Read Notification]
The Ministry of Finance, on Tuesday, appointed officers to carry out search and seizure under the newly pronounced Fugitive Economic Offenders Ordinance. As per a Notification issued by the...
![Govt appoints Officers for conducting Search and Seizure under Fugitive Economic Offenders Ordinance [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/03/Fugitive-Economic-Offenders-Bill.jpg "Govt appoints Officers for conducting Search and Seizure under Fugitive Economic Offenders Ordinance [Read Notification]")