![Gauhati HC Stays Service Tax Demand made Post-GST Rollout [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg "Gauhati HC Stays Service Tax Demand made Post-GST Rollout [Read Order]")
Gauhati HC Stays Service Tax Demand made Post-GST Rollout [Read Order]
The Gauhati High Court, last week stayed a show cause notice issued by the department demanding service tax from the petitioner M/s Mascot Entrade Pvt...
![No TDS when Transport Charges are initially incurred by the Suppliers and Subsequently Reimbursed by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "No TDS when Transport Charges are initially incurred by the Suppliers and Subsequently Reimbursed by Assessee: ITAT [Read Order]")
![F&O Transaction carried out through recognized Stock Exchange is not Speculative Transaction, can be set off against Ordinary Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Stock-Exchange-Taxscan.jpg "F&O Transaction carried out through recognized Stock Exchange is not Speculative Transaction, can be set off against Ordinary Business Income: ITAT [Read Order]")
![ITAT Confirms Denial of Exemption to Trust in the absence of Mandatory Registration u/s 12AA [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Trust-Taxscan.jpg "ITAT Confirms Denial of Exemption to Trust in the absence of Mandatory Registration u/s 12AA [Read Order]")
![Selling of Bottled Water by Hotels/ Restaurants charging above MRP is not Illegal, says SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Bottled-Water-Taxscan.jpg "Selling of Bottled Water by Hotels/ Restaurants charging above MRP is not Illegal, says SC [Read Judgment]")
Assessee is Entitled to Claim Deductions of Expenses incurred in relation to Interest Income u/s 57(iii): ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that an assessee is eligible to claim deductions of expenses incurred in relation to interest income under Section 57(iii) of the...
![Assessee is Entitled to Claim Deductions of Expenses incurred in relation to Interest Income u/s 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "Assessee is Entitled to Claim Deductions of Expenses incurred in relation to Interest Income u/s 57(iii): ITAT [Read Order]")
![12% GST on Payment made after GST Rollout towards Under Construction Properties [Read Clarification]](https://www.taxscan.in/wp-content/uploads/2017/12/Under-Construction-Properties-Taxscan.jpg "12% GST on Payment made after GST Rollout towards Under Construction Properties [Read Clarification]")
Carrying out of Charitable Activity at the Stage of Commencement of Institution is not relevant for Granting 12AA Registration: ITAT [Read Order]
The Income Tax Appellate Tribunal recently ruled that carrying out of charitable activity at the stage of commencement of institution is not relevant for granting registration under section 12AA of...
![Carrying out of Charitable Activity at the Stage of Commencement of Institution is not relevant for Granting 12AA Registration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Charitable-Activity-Taxscan.jpg "Carrying out of Charitable Activity at the Stage of Commencement of Institution is not relevant for Granting 12AA Registration: ITAT [Read Order]")
Amount Incurred towards Optic Fibre Cables is Revenue Expenditure since it was incurred on a recurring basis and there is no enduring Value Benefit: ITAT [Read Order]
The Income Tax Appellate Tribunal recently held that the amount incurred towards optic fiber cables is revenue expenditure under the Income Tax Act since it was incurred on a recurring basis and there...
![Amount Incurred towards Optic Fibre Cables is Revenue Expenditure since it was incurred on a recurring basis and there is no enduring Value Benefit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Amount Incurred towards Optic Fibre Cables is Revenue Expenditure since it was incurred on a recurring basis and there is no enduring Value Benefit: ITAT [Read Order]")