![Slump Price paid to Acquire Business has to be Bifurcated between Tangible and Intangible Assets for allowing Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Slump Price paid to Acquire Business has to be Bifurcated between Tangible and Intangible Assets for allowing Depreciation: ITAT [Read Order]")
Slump Price paid to Acquire Business has to be Bifurcated between Tangible and Intangible Assets for allowing Depreciation: ITAT [Read Order]
Pune bench of the Income Tax Appellate Tribunal (ITAT) recently held that slump price paid to acquire a business has to be bifurcated between both...
![Food or Drink supplied in College Canteen/ Mess attract 5% GST without Input Tax Credit: Govt [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/10/Food-Items-Advertisement-Taxscan.jpg "Food or Drink supplied in College Canteen/ Mess attract 5% GST without Input Tax Credit: Govt [Read Circular]")
![Activity of Retreading of Old Tyres not subject to Service Tax prior to Amendment in 2005: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg "Activity of Retreading of Old Tyres not subject to Service Tax prior to Amendment in 2005: CESTAT [Read Order]")
ITAT Partially Allows Deduction of Interest paid on Home Loan since Assessee is Co-Owner of the Property [Read Order]
While partly allowing the appeal filed by the assessee Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that interest paid on home loan is partly allowable since the assessee is not...
![ITAT Partially Allows Deduction of Interest paid on Home Loan since Assessee is Co-Owner of the Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "ITAT Partially Allows Deduction of Interest paid on Home Loan since Assessee is Co-Owner of the Property [Read Order]")
ITAT Rejects Revenue’s Application for Constitution of Special Bench to decide Reliance Communication’s Appeals [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, on Wednesday, rejected the Revenue’s application to constitute a special bench to decide the appeals against the telecom giants in pursuant to...
![ITAT Rejects Revenue’s Application for Constitution of Special Bench to decide Reliance Communication’s Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/Reliance-Communications.jpg "ITAT Rejects Revenue’s Application for Constitution of Special Bench to decide Reliance Communication’s Appeals [Read Order]")
![GST Department clarifies Rate of Tax applicable to Nonwoven Bags & Cotton Bags [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/01/nonwoven-bags.jpg "GST Department clarifies Rate of Tax applicable to Nonwoven Bags & Cotton Bags [Read Circular]")
It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that it is the responsibility of the assessee to ensure that the audited books are submitted in stipulated time and that Chartered...
![It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]")
Police Dept Not Liable to pay Service Tax under the head ‘Security Agency Services’: CESTAT [Read Order]
In Supdt. of Police v. CCE & ST, Jaipur-I, the Delhi bench of the CESTAT held that service tax cannot be imposed on the State Police since it cannot be considered to be a “person” engaged in the...
![Police Dept Not Liable to pay Service Tax under the head ‘Security Agency Services’: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Kolkata-Police.jpg "Police Dept Not Liable to pay Service Tax under the head ‘Security Agency Services’: CESTAT [Read Order]")