![Incentive Profits needs to be excluded from Gross Total Income, If It don’t have nexus with Export Turn Over: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Incentive-Profits-Madras-High-Court-Taxscan.jpg "Incentive Profits needs to be excluded from Gross Total Income, If It don’t have nexus with Export Turn Over: Madras HC [Read Judgment]")
Incentive Profits needs to be excluded from Gross Total Income, If It don’t have nexus with Export Turn Over: Madras HC [Read Judgment]
In, M/s. Ashok Leyland Ltd vs. The Deputy Commissioner of Income Tax, a division bench of the Madras High Court held that incentive profits having no...
![Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]")
![GST: TDF Forms Not Required for Inter-State Supply of Goods, says Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/10/E-Way-Bill-under-GST.jpg "GST: TDF Forms Not Required for Inter-State Supply of Goods, says Allahabad HC [Read Judgment]")
When Company has Sufficient Share Capital & Premium through Reserves, Its Capacity to Invest can’t be Suspected: ITAT [Read Order]
While hearing the case between Zion Promoters & Developers (P) Ltd and Additional Commissioner of Income Tax, Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently ruled that when the...
![When Company has Sufficient Share Capital & Premium through Reserves, Its Capacity to Invest can’t be Suspected: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "When Company has Sufficient Share Capital & Premium through Reserves, Its Capacity to Invest can’t be Suspected: ITAT [Read Order]")
![GST Leviable on Duty Free shops at Delhi International Airport: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Duty-free.jpg "GST Leviable on Duty Free shops at Delhi International Airport: AAR [Read Order]")
12AA Registration can’t be revoked merely because Trust exceeded limit prescribed u/s 2(15) in One Year: ITAT [Read Order]
The Mumbai ITAT recently held that merely because in one year the income of assessee- Trust exceeded the limit prescribed under section 2(15), by itself could not warrant the cancellation of...
![12AA Registration can’t be revoked merely because Trust exceeded limit prescribed u/s 2(15) in One Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Trust.jpg "12AA Registration can’t be revoked merely because Trust exceeded limit prescribed u/s 2(15) in One Year: ITAT [Read Order]")
![Bombay HC quashes Service Tax Proceedings against Cricketer Cheteshwar Pujara [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Cheteshwar-Pujara-Service-Tax-Taxscan.jpg "Bombay HC quashes Service Tax Proceedings against Cricketer Cheteshwar Pujara [Read Judgment]")
President promulgates Ordinance allowing Confiscation of Properties of Loan Defaulters [Read Notification]
In a bid to crackdown economic offenders, the President promulgated the Fugitive Economic Offenders Ordinance allowing the government to confiscate properties and assets of loan defaulters who flee...
![President promulgates Ordinance allowing Confiscation of Properties of Loan Defaulters [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/04/Loan-Defaulters-Taxscan.jpg "President promulgates Ordinance allowing Confiscation of Properties of Loan Defaulters [Read Notification]")
If there are Similar Transactions of Services with both Related and Unrelated Parties and Price is Comparable, It is taken to be at Arm’s Length Price: ITAT [Read Order]
The Delhi bench of ITAT in the case of Axis Risk Consulting Services Private Limited v. DCIT, held that if there are similar transactions of services with related parties as well as unrelated parties...
![If there are Similar Transactions of Services with both Related and Unrelated Parties and Price is Comparable, It is taken to be at Arm’s Length Price: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Arms-Length-Price-Taxscan.jpg "If there are Similar Transactions of Services with both Related and Unrelated Parties and Price is Comparable, It is taken to be at Arm’s Length Price: ITAT [Read Order]")