MCA Notifies Restriction on Layers of Subsidiary – Is It Too Restrictive?
The Central Government has been very active in bringing about measures for prevention of money laundering. As to what has been perceived as a new step...
![Madras HC quashes Communication Sent without Non-Application of Mind: Grants Relief to Aircel [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Aircel-CESTAT-Taxscan.jpg "Madras HC quashes Communication Sent without Non-Application of Mind: Grants Relief to Aircel [Read Order]")
![Salary Earned on Deputation Abroad not Taxable even if credited to Bank Account in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Salary-Iraq-Currency.jpg "Salary Earned on Deputation Abroad not Taxable even if credited to Bank Account in India: ITAT [Read Order]")
![Depreciation is Allowable on Goodwill even if it was not shown in Balance Sheet: ITAT Vishakhapatnam [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Depreciation is Allowable on Goodwill even if it was not shown in Balance Sheet: ITAT Vishakhapatnam [Read Order]")
![Revisionary Proceedings based on Letter Received from ACIT(TDS) is Invalid: ITAT Quashes Assessment against Vodafone [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Vodafone-Taxscan.jpg "Revisionary Proceedings based on Letter Received from ACIT(TDS) is Invalid: ITAT Quashes Assessment against Vodafone [Read Order]")
Government, as a Lessee, is liable to pay Service Tax despite Liability of Lessor: Supreme Court [Read Judgment]
A two-judge bench of the Supreme Court of India on Tuesday held that the Government, though in the capacity of a lessor is liable to pay service tax on the rental income as per section 66B of the...
![Government, as a Lessee, is liable to pay Service Tax despite Liability of Lessor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg "Government, as a Lessee, is liable to pay Service Tax despite Liability of Lessor: Supreme Court [Read Judgment]")
‘Poultry Feed Supplements’ are classifiable as ‘Poultry Feed’, Eligible for Trade Tax Exemption: Allahabad HC [Read Judgment]
While allowing Trade Tax Exemption to poultry feed supplements, a division bench of the Allahabad High Court has held that the same are includable in the entry of poultry feed under the...
![‘Poultry Feed Supplements’ are classifiable as ‘Poultry Feed’, Eligible for Trade Tax Exemption: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Poultry-Feed-Taxscan.jpg "‘Poultry Feed Supplements’ are classifiable as ‘Poultry Feed’, Eligible for Trade Tax Exemption: Allahabad HC [Read Judgment]")
Expenditure on Payment of Service Tax cant be Deemed as Unexplained If Same was done through Banking Channel: ITAT [Read Order]
The Jabalpur bench of ITAT, on Wednesday held that the expenditure incurred on payment of service tax cannot be deemed as unexplained for the purpose of Income Tax Act if the same was done through...
![Expenditure on Payment of Service Tax cant be Deemed as Unexplained If Same was done through Banking Channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Expenditure on Payment of Service Tax cant be Deemed as Unexplained If Same was done through Banking Channel: ITAT [Read Order]")
Delhi Govt Notifies GST Exemption to Intra-State supply of Heavy Water and Nuclear Fuels [Read Notification]
The Delhi Government on Monday notified that intra-state supply of heavy water and nuclear fuels will be out of the ambit of Goods and Services Tax (GST). Earlier, 5 per cent was levied on both heavy...
![Delhi Govt Notifies GST Exemption to Intra-State supply of Heavy Water and Nuclear Fuels [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/11/GST-Exemption-Taxscan.jpg "Delhi Govt Notifies GST Exemption to Intra-State supply of Heavy Water and Nuclear Fuels [Read Notification]")
Cash Balance generated out of Cash Sales is Business Assets which can’t be deemed as ‘Cash in Hand’ for Wealth Tax: ITAT [Read Order]
The Kolkata bench of ITAT has held that cash balance generated out of cash sales cannot be treated as ‘cash in hand’ within the meaning of section 2(ea) of the Wealth Tax Act since the same constitute...
![Cash Balance generated out of Cash Sales is Business Assets which can’t be deemed as ‘Cash in Hand’ for Wealth Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "Cash Balance generated out of Cash Sales is Business Assets which can’t be deemed as ‘Cash in Hand’ for Wealth Tax: ITAT [Read Order]")
Courts have Limited Role in Adjudicating Matters relating to Professional Misconduct of CAs, says Gujarat HC [Read Judgment]
While removing a chartered accountant from the register of Institute of Chartered Accountants in India (ICAI), a division bench of the Gujarat High Court observed that the Courts have very limited...
