![Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Lease-Equalization-Charges-Taxscan.jpg "Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]")
Lease Equalization Charges Deductible from Rental Income: SC upholds ICAI Guidance Note [Read Judgment]
The Supreme Court, in Commissioner of Income Tax vs. Virtual Soft Systems Ltd. held that deduction on account of lease equalization charges from lease...
![Supply of Blue Prints is Technical Service for S. 80-O Deduction: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-Tax-Scan.jpg "Supply of Blue Prints is Technical Service for S. 80-O Deduction: Supreme Court [Read Judgment]")
![Software Expenses incurred by Bank are Revenue in Nature: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Software-Taxscan.jpg "Software Expenses incurred by Bank are Revenue in Nature: Delhi HC [Read Judgment]")
![Civil Contractor can’t be penalized u/s 271A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Civil-Contractor-Taxscan.jpg "Civil Contractor can’t be penalized u/s 271A of Income Tax Act: ITAT [Read Order]")
![No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Lottery.jpg "No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]")
![No Relief to Chidambaram’s Kin, Madras HC rejects Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Chidambaram-Kin-Madras-High-Court-Taxscan.jpg "No Relief to Chidambaram’s Kin, Madras HC rejects Plea [Read Judgment]")
![Income Tax Deduction allowable to Expenses incurred for Acquiring Trade Mark: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Trade-Mark.jpg "Income Tax Deduction allowable to Expenses incurred for Acquiring Trade Mark: Delhi HC [Read Judgment]")
No Service Tax Liability in respect of Agreement for availing License to Use Technical Know-How by Foreign Companies: CESTAT [Read Order]
In M/s Bharat Petroleum Corporation Ltd v. CCE, Mumbai-II, the Mumbai bench of the CESTAT held that service tax cannot be demanded in respect of agreements are for grant of license to use technical...
![No Service Tax Liability in respect of Agreement for availing License to Use Technical Know-How by Foreign Companies: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg "No Service Tax Liability in respect of Agreement for availing License to Use Technical Know-How by Foreign Companies: CESTAT [Read Order]")
Information Submitted to DC/AC at Customs Station of Importation by EOU is sufficient for Importing Goods without paying Duty: CBIC [Read Circular]
The Central Board of Indirect Taxes & Customs ( CBIC ), on Tuesday, issued a circular regarding import by Export Oriented Unit (EOU)/Electronics Hardware Technology Park (EHTP)/Software Technology...
![Information Submitted to DC/AC at Customs Station of Importation by EOU is sufficient for Importing Goods without paying Duty: CBIC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/04/Customs-Station-Taxscan.jpg "Information Submitted to DC/AC at Customs Station of Importation by EOU is sufficient for Importing Goods without paying Duty: CBIC [Read Circular]")
Interest from Share Application Money can be Set Off against Public Issue Expenses: Supreme Court [Read Judgment]
In the Commissioner of Income Tax vs. M/s. Shree Rama Multi-Tech Ltd. the Supreme Court held that the interest income earned out of the share application money is liable to be set off against the...
![Interest from Share Application Money can be Set Off against Public Issue Expenses: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Interest from Share Application Money can be Set Off against Public Issue Expenses: Supreme Court [Read Judgment]")
![Mere ‘Change of Opinion’ can’t be basis for Re-Assessment: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Re-Assessment.jpg "Mere ‘Change of Opinion’ can’t be basis for Re-Assessment: SC [Read Judgment]")