IT Department initiates Proceedings against Bangalore-based CA for making Fake Refund Claims
The Income Tax Department on Thursday claimed to have busted a racket of extracting fraudulent tax refunds by employees of bellwether companies like...
![GST will be payable by the Refinery on Net Quantity of Polybutylene Feedstock and LPG retained by Manufacturer: CBEC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/01/LPG-Taxscan.jpg "GST will be payable by the Refinery on Net Quantity of Polybutylene Feedstock and LPG retained by Manufacturer: CBEC [Read Circular]")
![No Deduction to Evacuation of Land for Installation of Wind Turbine Generators: Kerala HC rejects Muthoot Finance Ltd’s Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Muthoot-Finance-Taxscan.jpg "No Deduction to Evacuation of Land for Installation of Wind Turbine Generators: Kerala HC rejects Muthoot Finance Ltd’s Plea [Read Judgment]")
![Power to Rectification can’t be invoked to Levy Interest u/s 220: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Power to Rectification can’t be invoked to Levy Interest u/s 220: Kerala HC [Read Judgment]")
Amount received by Malayala Manorama from its Subsidiary Co.was part of Regular Business Transactions, Not Deemed Dividend: Kerala HC [Read Judgment]
In the case of The Commissioner of Income Tax and M/s Malayala Manorama Co. Ltd, Kerala High Court recently held that amount received from its subsidiary company cannot be treated as deemed dividend...
![Amount received by Malayala Manorama from its Subsidiary Co.was part of Regular Business Transactions, Not Deemed Dividend: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Malayala-Manorama-Taxscan.jpg "Amount received by Malayala Manorama from its Subsidiary Co.was part of Regular Business Transactions, Not Deemed Dividend: Kerala HC [Read Judgment]")
Ford India not liable to pay Service Tax on Amount received under Value Participation Agreement with RICO: CESTAT [Read Order]
The Chennai bench of the CESTAT recently held in favour of Ford India by observing that it is not liable to pay service tax on the amount received under Value Participation Agreement with RICO. The...
![Ford India not liable to pay Service Tax on Amount received under Value Participation Agreement with RICO: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Ford-India-Taxscan.jpg "Ford India not liable to pay Service Tax on Amount received under Value Participation Agreement with RICO: CESTAT [Read Order]")
Priyanka Chopra admitted Cash Payment of Rs. 50 lakhs for Purchase of a Studio: ITAT Confirms Additions [Read Order]
While hearing the case of actress Priyanka Chopra Mumbai bench of Income Tax Appellate Tribunal (ITAT) confirmed the addition of cash payment of Rs. 50 Lakhs for the purchase of a studio since the...
![Priyanka Chopra admitted Cash Payment of Rs. 50 lakhs for Purchase of a Studio: ITAT Confirms Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Priyanka-Chopra-Taxscan-1.jpg "Priyanka Chopra admitted Cash Payment of Rs. 50 lakhs for Purchase of a Studio: ITAT Confirms Additions [Read Order]")
![Govt Notifies GST Exemption to Government’s Share of Profit Petroleum [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/10/Petrol-Pumps-Taxscan.jpg "Govt Notifies GST Exemption to Government’s Share of Profit Petroleum [Read Notification]")
GST: Govt prescribes Special Procedure for Construction Services against Transfer of Development Rights [Read Notification]
The Central Government today prescribed a special procedure for construction services against transfer of development rights. A notification issued today classified the registered persons as, persons...
![GST: Govt prescribes Special Procedure for Construction Services against Transfer of Development Rights [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/06/Construction-Services.jpg "GST: Govt prescribes Special Procedure for Construction Services against Transfer of Development Rights [Read Notification]")
CBDT lays down Standard Procedure for invoking provisions relating to Unexplained Cash Credit [Read Circular]
The Central Board of Direct Taxes (CBDT) recently prescribed the standard procedure to be followed by the Assessing Officer for applying the provisions of Section 68 of the Income Tax Act, 1961 which...
![CBDT lays down Standard Procedure for invoking provisions relating to Unexplained Cash Credit [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "CBDT lays down Standard Procedure for invoking provisions relating to Unexplained Cash Credit [Read Circular]")