![Payment for acquiring ‘Copyrighted Article’ is not Royalty: ITAT Lays down Guidelines for Taxation of Royalty payments to Non-residents [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Royalty-Taxscan-1.jpg "Payment for acquiring ‘Copyrighted Article’ is not Royalty: ITAT Lays down Guidelines for Taxation of Royalty payments to Non-residents [Read Order]")
Payment for acquiring ‘Copyrighted Article’ is not Royalty: ITAT Lays down Guidelines for Taxation of Royalty payments to Non-residents [Read Order]
In the case of Reliance Communications Ltd, Mumbai bench of Income Tax Appellate Tribunal (ITAT) laid down certain guidelines for taxation of royalty...
![Trade Discount offered to Customers is Deductible from Turnover: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/VAT-on-Discount-Taxscan-min.jpg "Trade Discount offered to Customers is Deductible from Turnover: Supreme Court [Read Judgment]")
![Sec 54 Exemption is allowable even When Assessee Invested more than the Sale Proceeds of the Industrial Gala for purchase of Two Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flats-Taxscan.jpg "Sec 54 Exemption is allowable even When Assessee Invested more than the Sale Proceeds of the Industrial Gala for purchase of Two Flats: ITAT [Read Order]")
![Activity of Sale of SIM Card and Electronic Rechargeable Coupon to Customers are not Business Auxiliary Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Sim-Card-Taxscan.jpg "Activity of Sale of SIM Card and Electronic Rechargeable Coupon to Customers are not Business Auxiliary Services: CESTAT [Read Order]")
ITAT deletes Addition for Cash Deposits in Bank since Assessee had sufficient Cash in hand, says No Need to Tally Notes Withdrawn & Deposited [Read Order]
While hearing the case of Dy.C.I.T vs. Shri Sudhir Shankar Halwasiya, Lucknow bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition for cash deposits in Bank considering the fact that...
![ITAT deletes Addition for Cash Deposits in Bank since Assessee had sufficient Cash in hand, says No Need to Tally Notes Withdrawn & Deposited [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Cash-deposit-min.jpg "ITAT deletes Addition for Cash Deposits in Bank since Assessee had sufficient Cash in hand, says No Need to Tally Notes Withdrawn & Deposited [Read Order]")
No Action against ‘Start Up’s if its Valuation Report of Unquoted Shares is rejected: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT), recently clarified that no action will be taken against Start Ups if its valuation report of unquoted shares is rejected by the Assessing Officer. As per...
![No Action against ‘Start Up’s if its Valuation Report of Unquoted Shares is rejected: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/02/Startups-Taxscan.jpg "No Action against ‘Start Up’s if its Valuation Report of Unquoted Shares is rejected: CBDT [Read Circular]")
Payment received on providing Corporate IT Services to Group Entities is Taxable as Royalty/Fee for Included Services under Indo-US DTAA: ITAT [Read Order]
In M/s. Cargill Incorporated vs. ADIT, Delhi bench of Income Tax Appellate Tribunal (ITAT) held that the payment received on providing corporate Information Technology (IT) services to group concerns...
![Payment received on providing Corporate IT Services to Group Entities is Taxable as Royalty/Fee for Included Services under Indo-US DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Royalty-Taxscan.jpg "Payment received on providing Corporate IT Services to Group Entities is Taxable as Royalty/Fee for Included Services under Indo-US DTAA: ITAT [Read Order]")
Fatty Acids, Wax and Gum emerged during manufacture of Refined Vegetable Oil are not subject to Excise Duty: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) recently held that by-products emerging during the course of manufacture of refined vegetable oil such as fatty acids, Wax, and gum are...
![Fatty Acids, Wax and Gum emerged during manufacture of Refined Vegetable Oil are not subject to Excise Duty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Excise-Duty-Taxscan.jpg "Fatty Acids, Wax and Gum emerged during manufacture of Refined Vegetable Oil are not subject to Excise Duty: CESTAT [Read Order]")
Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]
While hearing the case of M/S. Essar Telehoidings Ltd, the Supreme Court recently held that operation of Rule 8D of the Income Tax Rules, 1962 for allocating expenditure in relation to exempt income...
![Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-Tax-Scan.jpg "Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]")
Capital Gain Exemption can be availed for two Residential Houses as per Pre-Amended Provision of S. 54: ITAT [Read Order]
In Mr. Ravi Shankar vs. The Assistant Commissioner of Income Tax, Mumbai bench of Income Tax Appellate Tribunal (ITAT) proclaimed in its recent order that pre-amended capital gain under section 54 of...
![Capital Gain Exemption can be availed for two Residential Houses as per Pre-Amended Provision of S. 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/Capital-Gain-Taxscan.jpg "Capital Gain Exemption can be availed for two Residential Houses as per Pre-Amended Provision of S. 54: ITAT [Read Order]")