![Madhya Pradesh HC Quashes Interest Demand on Indian Oil Corporation by VAT Authorities [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Indian-Oil-Corporation-Taxscan.jpg "Madhya Pradesh HC Quashes Interest Demand on Indian Oil Corporation by VAT Authorities [Read Order]")
Madhya Pradesh HC Quashes Interest Demand on Indian Oil Corporation by VAT Authorities [Read Order]
In a major relief to M/s Indian Oil Corporation, Justices S K Seth and Anjuli Palo, on Thursday deleted the interest demand made by the VAT...
![Interest u/s 234B is not Leviable Since all Payments to Non-Resident Assessee was subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Non-Resident-Taxscan.jpg "Interest u/s 234B is not Leviable Since all Payments to Non-Resident Assessee was subject to TDS: ITAT [Read Order]")
![No Interim Relief to Google: Karnataka HC Asks to Remit Rs. 26 Crores as Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Google-India-Taxscan.jpg "No Interim Relief to Google: Karnataka HC Asks to Remit Rs. 26 Crores as Deposit [Read Order]")
E-Way Bill: Andhra Pradesh Govt Prescribes on Documents required While Transporting Goods [Read Circular]
In a recent missive, the State Government of Andhra Pradesh has prescribed the documents to be accompanied while transporting goods after the implementation of e-way bill under the GST regime. ...
![E-Way Bill: Andhra Pradesh Govt Prescribes on Documents required While Transporting Goods [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/10/E-Way-Bill-under-GST.jpg "E-Way Bill: Andhra Pradesh Govt Prescribes on Documents required While Transporting Goods [Read Circular]")
CBEC Relaxes Norms for KYC Verification: Invites Comments from Officers & Stakeholders [Read Circular]
After the introduction of the new Goods and Services Tax (GST), the Central Board of Excise and Customs (CBEC), has decided to relax Know Your Customer (KYC) verification norms. This is in line with...
![CBEC Relaxes Norms for KYC Verification: Invites Comments from Officers & Stakeholders [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/11/KYC-Verification-Taxscan.jpg "CBEC Relaxes Norms for KYC Verification: Invites Comments from Officers & Stakeholders [Read Circular]")
SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]
A two-judge bench of the Supreme Court of India, while dismissing a departmental appeal against M/s Modipon Ltd, categorically held that the advance deposit of central excise duty constitutes actual...
![SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]")
![Kannan Devan Plantations eligible for Income Tax Deduction u/s 80-IA: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Kannan-Devan-Plantations.jpg "Kannan Devan Plantations eligible for Income Tax Deduction u/s 80-IA: Kerala HC [Read Judgment]")
Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]
Capital gain Tax on crediting revaluation surplus to partners account settling their accounts on their retirement is taxable in the hands of such partners, not from the Firm, said the Mumbai bench of...
![Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Taxscan.jpg "Firm Not Liable to Pay Capital Gain Tax on Crediting Revaluation Surplus to Settle Retiring Partners: ITAT [Read Order]")