![Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Capital-Expenditure-Taxscan.jpg "Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]")
Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]
Bengaluru bench of Income Tax Appellate Tribunal (ITAT) in its recently order, proclaimed that the payment made for acquiring mining rights should be...
![Deposit made by Subscriber of Inter Corporate Deposit, issued by Company on Fixed Rate of Interest, cannot be treated as Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Loan-Taxscan.jpg "Deposit made by Subscriber of Inter Corporate Deposit, issued by Company on Fixed Rate of Interest, cannot be treated as Loan: ITAT [Read Order]")
![Mistake of Sending Notice in the Name of Deceased Assessee cannot be Cured by invoking s. 292B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Notice-Taxscan.jpg "Mistake of Sending Notice in the Name of Deceased Assessee cannot be Cured by invoking s. 292B: ITAT [Read Order]")
![CBDT Circular Restricting Amenities to Doctors is Prospective in nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Secret-Commission-to-Doctors.jpg "CBDT Circular Restricting Amenities to Doctors is Prospective in nature: ITAT [Read Order]")
GST: Manufacturers and Other Suppliers Needs to pay One Percent Tax under Composition Scheme [Read Notification]
The Central Board of Excise and Customs (CBEC) last day notified the effective rate of tax under composition scheme for manufacturers and other suppliers. As per the Notification, manufacturers and...
![GST: Manufacturers and Other Suppliers Needs to pay One Percent Tax under Composition Scheme [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/09/GST-Composition-Scheme-Taxscan.jpg "GST: Manufacturers and Other Suppliers Needs to pay One Percent Tax under Composition Scheme [Read Notification]")
Royalty, License Fee or any other Payment for a Process must be included in the Assessable Value of Imported Goods: CESTAT [Read Order]
The Delhi bench of the CESTAT, while granting relief to M/s Fujitsu Ten India Pvt. Ltd, held that royalty, license Fee or any other Payment for a Process etc, are includable while determine the...
![Royalty, License Fee or any other Payment for a Process must be included in the Assessable Value of Imported Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Fujitsu-Taxscan.jpg "Royalty, License Fee or any other Payment for a Process must be included in the Assessable Value of Imported Goods: CESTAT [Read Order]")
No Service Tax Payable on Construction Projects of Business School and Hostel for NIT Calicut: CESTAT Delhi [Read Order]
The CESTAT, Delhi bench held that the appellant, M/s Era Infra Engg. Pvt. Ltd, is not liable to pay service tax for construction projects of Era business school and hostel for NIT Calicut. While...
![No Service Tax Payable on Construction Projects of Business School and Hostel for NIT Calicut: CESTAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/NIT-Calicut-Taxscan.jpg "No Service Tax Payable on Construction Projects of Business School and Hostel for NIT Calicut: CESTAT Delhi [Read Order]")
Date of handing over the physical possession of the property can be treated as the 'date of transfer' for Capital Gain exemption: Bombay HC [Read Judgment]
A two judge bench of Bombay High Court in Commissioner of Income Tax vs. Dr. Arvind S. Phake held that the date of transfer of property can be taken as the date of handing over the physical possession...
![Date of handing over the physical possession of the property can be treated as the date of transfer for Capital Gain exemption: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Date of handing over the physical possession of the property can be treated as the date of transfer for Capital Gain exemption: Bombay HC [Read Judgment]")
ITAT allows Higher Depreciation since transportation business using Trailers, Dumpers & Motor Lorries is not incidental to Business [Read Order]
The Income Tax Appellate Tribunal, Vishakhapatnam, in its recent order allowed Higher Depreciation since transportation business using Trailers, Dumpers & Motor Lorries is not an incidental to the...
![ITAT allows Higher Depreciation since transportation business using Trailers, Dumpers & Motor Lorries is not incidental to Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "ITAT allows Higher Depreciation since transportation business using Trailers, Dumpers & Motor Lorries is not incidental to Business [Read Order]")
Payment of Terminal Excise Duty altogether is not a valid reason for denying Refund: Madras HC [Read Judgment]
A single bench of the Madras High Court held that the payment of Terminal Excise Duty (TED) altogether cannot be a valid reason for denying refund to the assessee under the excise law. The Court was...
