![Company is Guilty for making False Depreciation Claim: Delhi High Court Rejects Plea of Accounting Mistake [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Company is Guilty for making False Depreciation Claim: Delhi High Court Rejects Plea of Accounting Mistake [Read Order]")
Company is Guilty for making False Depreciation Claim: Delhi High Court Rejects Plea of Accounting Mistake [Read Order]
While rejecting a plea of ‘clerical error’, a division bench of the Delhi High Court confirmed criminal proceedings against Ambience Hospitality Pvt...
![ITAT Quashes Assessment since Valid Notice u/s. 143(2) was not Served upon the Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Notice-Taxscan.jpg "ITAT Quashes Assessment since Valid Notice u/s. 143(2) was not Served upon the Assessee [Read Order]")
![Credit Co-Operative Society Providing Credit Facilities to its Members is Eligible for Sec 80P Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Credit-Co-Operative-Society-Taxscan.jpg "Credit Co-Operative Society Providing Credit Facilities to its Members is Eligible for Sec 80P Deduction: ITAT [Read Order]")
Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]
The Income Tax Appellate Tribunal Mumbai bench recently pronounced that Export incentives are not Includable while computing eligible profits for deduction under Section 80IC of the Income Tax Act,...
![Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Export-Incentive-ITAT-Taxscan.jpg "Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]")
Belated deposit of Employees’ Contribution to PF/ESI made before Filing of Income Tax Returns is Not Deductible: Kerala HC [Read Judgment]
The Kerala High Court, while dismissing an appeal filed by the Kalyan Silks Thrichur Pvt Ltd, ruled that the belated deposit of employees’ contribution to Provident Fund or Employees State Insurance...
![Belated deposit of Employees’ Contribution to PF/ESI made before Filing of Income Tax Returns is Not Deductible: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Belated deposit of Employees’ Contribution to PF/ESI made before Filing of Income Tax Returns is Not Deductible: Kerala HC [Read Judgment]")
![Profit on Sale of Shares is Taxable under the Head Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Capital-Gain-Taxscan.jpg "Profit on Sale of Shares is Taxable under the Head Capital Gain: ITAT [Read Order]")
Proceedings against Purchaser of Defaulting Dealers’ Property is Invalid as the Dept had No Charge over the Property at the time of Purchase: Madras HC [Read Order]
In Noor M.Saied v. The Commercial Tax Officer, the Madras High Court quashed the proceedings initiated by the Commercial tax department against the purchaser of a defaulting dealer’s property holding...
![Proceedings against Purchaser of Defaulting Dealers’ Property is Invalid as the Dept had No Charge over the Property at the time of Purchase: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Proceedings against Purchaser of Defaulting Dealers’ Property is Invalid as the Dept had No Charge over the Property at the time of Purchase: Madras HC [Read Order]")
Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a 'Gift': Kerala HC [Read Judgment]
A division bench of the Kerala High Court recently held that a mere reduction in the shares of one partner, resulting in proportionate increase of shares of another partner would constitute a 'gift'...
![Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a Gift: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a Gift: Kerala HC [Read Judgment]")
Purchase and Sale of Shares through Stock Exchange can’t be treated as ‘Bogus’ when the Same was Evident through Broker’s Note: ITAT [Read Order]
While allowing the appeal filed by the assessee Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently held that purchase and sale through stock exchange cannot be treated as bogus when the...
![Purchase and Sale of Shares through Stock Exchange can’t be treated as ‘Bogus’ when the Same was Evident through Broker’s Note: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Stock-Exchange-Taxscan.jpg "Purchase and Sale of Shares through Stock Exchange can’t be treated as ‘Bogus’ when the Same was Evident through Broker’s Note: ITAT [Read Order]")