![Benefit of Carry Forward and Set Off of Unabsorbed Depreciation can be extended to a Period more than 8 Years: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Benefit of Carry Forward and Set Off of Unabsorbed Depreciation can be extended to a Period more than 8 Years: Delhi HC [Read Judgment]")
Benefit of Carry Forward and Set Off of Unabsorbed Depreciation can be extended to a Period more than 8 Years: Delhi HC [Read Judgment]
A division bench of the Delhi High Court, last week held that the benefit of carry forward and set off of unabsorbed depreciation can be extended to a...
![Promotional Expenses incurred by Reebok India are includable in the Assessable Value while Importing Goods from its Parent Company: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Reebok-India-Taxscan.jpg "Promotional Expenses incurred by Reebok India are includable in the Assessable Value while Importing Goods from its Parent Company: CESTAT [Read Order]")
![Insurance Company can set off declared Bonus against the Premium received from Policyholders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Max-Life-Insurance-Taxscan.jpg "Insurance Company can set off declared Bonus against the Premium received from Policyholders: ITAT [Read Order]")
![ITAT Upholds DRP’s Order to Compute the Working Capital Adjustment by using the OECD Methodology [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/OECD-Methodology-Taxscan.jpg "ITAT Upholds DRP’s Order to Compute the Working Capital Adjustment by using the OECD Methodology [Read Order]")
![Late Fee cannot be levied during processing of the TDS Statement prior to Amendment in s. 200A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/TDS-Statement.jpg "Late Fee cannot be levied during processing of the TDS Statement prior to Amendment in s. 200A: ITAT [Read Order]")
![HC Quashes Re-Assessment since Conditions of s. 151(1) not fulfilled [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Assessment.jpg "HC Quashes Re-Assessment since Conditions of s. 151(1) not fulfilled [Read Judgment]")
Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that income earned by the assessee from sub-letting of property under leave and license agreement for a temporary period is taxable...
![Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Sub-Letting-Taxscan.jpg "Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]")
Scrutiny Assessment without a notice u/s 143(2) within the prescribed Time is Invalid: Delhi HC grants relief to NIC [Read Order]
In a major relief to National Informatics Centre Services Inc., a division bench of the Delhi High Court held that scrutiny assessment without a notice under Section 143(2) of the Income Tax Act...
![Scrutiny Assessment without a notice u/s 143(2) within the prescribed Time is Invalid: Delhi HC grants relief to NIC [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/NIC-Taxscan.jpg "Scrutiny Assessment without a notice u/s 143(2) within the prescribed Time is Invalid: Delhi HC grants relief to NIC [Read Order]")
ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]
Income Tax Appellate Tribunal (ITAT), Kolkata bench has deleted penalty under section 273B of Income Tax Act 1961 and proclaimed that the cash transactions with sister-in-law and nephew does not fall...
![ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Cash-Transactions.jpg "ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]")
![Delay in producing E-Way Bill is a Mere Technical Breach: Allahabad HC Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/E-Way-Bill-under-GST.jpg "Delay in producing E-Way Bill is a Mere Technical Breach: Allahabad HC Deletes Penalty [Read Order]")
