MCA Notifies Govt Companies to which Accounting Standards relating to Deferred Tax Asset or Liability are not applicable [Read Notification]
The Ministry of Corporate Affairs (MCA) last day notified the Government Companies for which the provisions of Accounting Standard 22 or Indian...
![Equity Share Transfers made before 31st March won’t be Taxed: Govt releases FAQs on Taxation of Long Term Capital Gains proposed in Finance Bill, 2018 [Read FAQs]](https://www.taxscan.in/wp-content/uploads/2018/02/Long-Term-Capital-Gain-Taxscan.jpg "Equity Share Transfers made before 31st March won’t be Taxed: Govt releases FAQs on Taxation of Long Term Capital Gains proposed in Finance Bill, 2018 [Read FAQs]")
![ITAT reiterates that Deemed Dividend is assessable from Partners, Not from Firm since they are the Beneficial Shareholders of the Lender Co. [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/KTC-Group.jpg "ITAT reiterates that Deemed Dividend is assessable from Partners, Not from Firm since they are the Beneficial Shareholders of the Lender Co. [Read Order]")
![Interest Income from Capital Gains Bonds is Taxable as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Capital-Gain-Bonds-Taxscan.jpg "Interest Income from Capital Gains Bonds is Taxable as Other Income: ITAT [Read Order]")
![Disallowance u/s 40(1) can’t be made in case of Old Creditors: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Disallowance u/s 40(1) can’t be made in case of Old Creditors: Delhi HC [Read Judgment]")
Firm cannot be Assessed for Unexplained Cash Credits in respect of Capital introduction by It’s Partner: ITAT [Read Order]
In the case of The Income-tax Officer vs M/s. Shree Kastbhanjan Dev Developers, the Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) proclaimed in its recent order that firm cannot be assessed...
![Firm cannot be Assessed for Unexplained Cash Credits in respect of Capital introduction by It’s Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Partners-Taxscan.jpg "Firm cannot be Assessed for Unexplained Cash Credits in respect of Capital introduction by It’s Partner: ITAT [Read Order]")
Finance cost incurred on Overdraft obtained from Bank which is advanced to Sister Concern for Non-Business purpose is not Business Loss: ITAT [Read Order]
In Dheeraj Consultancy P. Ltd v. ACIT, the Mumbai ITAT held that the finance cost incurred on overdraft obtained from the bank which is advanced to sister concern for the non-business purpose is not...
![Finance cost incurred on Overdraft obtained from Bank which is advanced to Sister Concern for Non-Business purpose is not Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Loss-Taxscan.jpg "Finance cost incurred on Overdraft obtained from Bank which is advanced to Sister Concern for Non-Business purpose is not Business Loss: ITAT [Read Order]")
Builder liable to pay Tax on the amount received from Buyer to the extent of stage of completion of the project: ITAT [Read Order]
In the case of M/s. A.N. Buildwell Pvt. Ltd Vs. DCIT, the ITAT Delhi bench comprising Amit Shukla (JM) and SH. O.P. Kant (AM) was held that if the significant risk and reward are transferred to the...
![Builder liable to pay Tax on the amount received from Buyer to the extent of stage of completion of the project: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Builders-and-Developers.jpg "Builder liable to pay Tax on the amount received from Buyer to the extent of stage of completion of the project: ITAT [Read Order]")
![Delhi HC confirms ITAT Order favoring Airport Authority of India [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Airport-Authority-of-India-Taxscan.jpg "Delhi HC confirms ITAT Order favoring Airport Authority of India [Read Judgment]")
Company, though an Artificial Juridical Person, is Eligible for Deduction for Pooja Expenses: ITAT [Read Order]
Raipur bench of Income Tax Appellate Tribunal (ITAT) recently in the case of M/s.Shree Radhe Industries, held that through a Company is an artificial juridical person, it is eligible for deduction...
![Company, though an Artificial Juridical Person, is Eligible for Deduction for Pooja Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Pooja-taxscan.jpg "Company, though an Artificial Juridical Person, is Eligible for Deduction for Pooja Expenses: ITAT [Read Order]")