SEBI to punish Errant CAs, CS, Cost Accountants and Valuers
In the light of PNB scam and other financial fraud issues, the Stock Exchange Board of India ( SEBI ) is likely to punish Chartered accountants,...
![CBIC lays down Norms for Interception, Detention, Release and Confiscation of Goods in Movement [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/04/Confiscation-Taxscan.jpg "CBIC lays down Norms for Interception, Detention, Release and Confiscation of Goods in Movement [Read Circular]")
![GST: CBEC clarifies Procedure for Recovery of Arrears and Reversal of Inadmissible Input Tax Credit [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/03/Evasion-GST.jpg "GST: CBEC clarifies Procedure for Recovery of Arrears and Reversal of Inadmissible Input Tax Credit [Read Circular]")
![Profit and Loss Accounts can’t be relied for Determination of Service Tax Liability: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Service-Tax-Madras-High-Court-Taxscan.jpg "Profit and Loss Accounts can’t be relied for Determination of Service Tax Liability: Madras HC [Read Judgment]")
ITAT confirms Assessment against District Judges as there is No Provision in IT Rules Exempting Medical, Conveyance and Sumptuary Allowances [Read Order]
The Cochin bench of Income Tax Appellate Tribunal ( ITAT ) confirmed the assessment order passed by the Commissioner of Income Tax by holding that there is no provision in Income Tax rules exempting...
![ITAT confirms Assessment against District Judges as there is No Provision in IT Rules Exempting Medical, Conveyance and Sumptuary Allowances [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Medical-Allowance-Taxscan.jpg "ITAT confirms Assessment against District Judges as there is No Provision in IT Rules Exempting Medical, Conveyance and Sumptuary Allowances [Read Order]")
Handing Over of Possession under Development Agreement would amount to ‘Transfer’ for attracting Capital Gain Tax: ITAT [Read Order]
The Hyderabad bench of ITAT confirmed that handing over of possession under development agreement would amount to ‘Transfer’ for attracting capital gain tax. A single judge bench of Accountant member...
![Handing Over of Possession under Development Agreement would amount to ‘Transfer’ for attracting Capital Gain Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "Handing Over of Possession under Development Agreement would amount to ‘Transfer’ for attracting Capital Gain Tax: ITAT [Read Order]")
Sale of Shares in a Pvt Company by Assessee to Son in order to Book Losses so as to set-off Capital Gain from Sale of Property can’t be treated as Sham Transaction: ITAT [Read Order]
Recently, a two-member bench of Income Tax Appellate Tribunal ( ITAT ) at Mumbai in Madhu Sarda vs. Income Tax Officer held that merely because the assessee has claimed set off of loss on account...
![Sale of Shares in a Pvt Company by Assessee to Son in order to Book Losses so as to set-off Capital Gain from Sale of Property can’t be treated as Sham Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Capital-Gain-Sale-of-SHares-Taxscan.jpg "Sale of Shares in a Pvt Company by Assessee to Son in order to Book Losses so as to set-off Capital Gain from Sale of Property can’t be treated as Sham Transaction: ITAT [Read Order]")
Airlines not Liable to pay Service Tax on Passenger Service Fees and Other Taxes Collected from Passengers as part of Consideration: CESTAT [Read Order]
While setting aside the impugned order of Revenue against M/s China Eastern Airlines, Delhi bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that Airlines not liable to pay...
![Airlines not Liable to pay Service Tax on Passenger Service Fees and Other Taxes Collected from Passengers as part of Consideration: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Passenger-Service-Fees-Service-Tax-Taxscan.jpg "Airlines not Liable to pay Service Tax on Passenger Service Fees and Other Taxes Collected from Passengers as part of Consideration: CESTAT [Read Order]")
Intra-State Movement of these 19 Goods requires E-Way Bill: Gujarat Govt. Issues Notification [Read Notification]
In a Notification issued by the Commissioner of State Tax, Gujarat, the Commissioner has notified that E-Way Bill is not required to be generated for intra-city movement as well as the intra-state...
![Intra-State Movement of these 19 Goods requires E-Way Bill: Gujarat Govt. Issues Notification [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/10/E-Way-Bill-under-GST.jpg "Intra-State Movement of these 19 Goods requires E-Way Bill: Gujarat Govt. Issues Notification [Read Notification]")
Private Company has No Relatives, It has only Directors & Employees: CESTAT confirms Demand [Read Order]
The Delhi bench of Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) in M/s. Jaipur Marmo Tiles P Ltd. vs. Commissioner of Central Respondent Excise & ST ruled that when the appellant...
![Private Company has No Relatives, It has only Directors & Employees: CESTAT confirms Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Private-Company-Taxscan.jpg "Private Company has No Relatives, It has only Directors & Employees: CESTAT confirms Demand [Read Order]")