Govt Announces Reward Scheme for Benami Transactions Informants
The Central Board of Direct Taxes (CBDT) has announced Benami Transactions Informants Reward Scheme 2018 regulating grant for informants giving...
![IBBI Debars Insolvency Professional from Practice for Ninety Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Insolvency-Code-Corporate-Debtors-Taxscan.jpg "IBBI Debars Insolvency Professional from Practice for Ninety Days [Read Order]")
![Penalty need not be deleted on mere ground that Quantum Appeal is admitted on a Substantial Question of Law: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Penalty-Bombay-High-Court-Taxscan.jpg "Penalty need not be deleted on mere ground that Quantum Appeal is admitted on a Substantial Question of Law: Bombay High Court [Read Order]")
Long Term Capital Gain on Transfer of Equity Shares: Govt Issues Draft Notification [Read Notification]
The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act, to provide that long term...
![Long Term Capital Gain on Transfer of Equity Shares: Govt Issues Draft Notification [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/02/Long-Term-Capital-Gain-Taxscan.jpg "Long Term Capital Gain on Transfer of Equity Shares: Govt Issues Draft Notification [Read Notification]")
![GST Anti-profiteering: NAA’s First Order favors Car Dealers [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/National-Anti-Profiteering-Authority-Taxscan.jpg "GST Anti-profiteering: NAA’s First Order favors Car Dealers [Read Order]")
Company can claim CENVAT Credit on Insurance Premium for Family Members of Employees till March 2011: CESTAT [Read Order]
The Bangalore bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) held that CENVAT Credit is allowable on service tax paid on payment of insurance premium in respect of the...
![Company can claim CENVAT Credit on Insurance Premium for Family Members of Employees till March 2011: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/CENVAT-Credit-Taxscan.jpg "Company can claim CENVAT Credit on Insurance Premium for Family Members of Employees till March 2011: CESTAT [Read Order]")
![Exemption Can’t be denied for Mere Technical Mistake: Rajasthan HC [Read Judgment]](/images/placeholder.jpg "Exemption Can’t be denied for Mere Technical Mistake: Rajasthan HC [Read Judgment]")
![Delhi VAT Dept clarifies Issues regarding CST Assessments [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/04/CST-Assessments-Taxscan.jpg "Delhi VAT Dept clarifies Issues regarding CST Assessments [Read Circular]")
No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that if cash was received from brother and father of the assessee to meet business exigencies, such transactions cannot be...
![No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Cash-Transactions.jpg "No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]")
Share Premium can be treated as Undisclosed If High Premium is not justified by Valuation Report: ITAT [Read Order]
Bangalore bench of ITAT in the case of M/s. Cornerstone Property Investments Pvt. Ltd. vs. Income Tax Officer, ruled that Share premium received can be assessed as undisclosed income if the high...
![Share Premium can be treated as Undisclosed If High Premium is not justified by Valuation Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Share-Premium-ITAT-Taxscan.jpg "Share Premium can be treated as Undisclosed If High Premium is not justified by Valuation Report: ITAT [Read Order]")