Redemption of Shares outside India won’t be hit by Indirect Transfer Provisions, says CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT), the apex policy-making body for direct taxes in India, on Tuesday clarified that the indirect transfer...
![ICDS Judgment: Key Takeaways from the Delhi HC Decision [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/ICDS-Judgment-Delhi-High-Court-Taxscan.jpg "ICDS Judgment: Key Takeaways from the Delhi HC Decision [Read Judgment]")
![Aadhaar Mandatory for filing IT Returns: Madras HC Refuses to Grant Exemption [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Aadhaar-PAN-Linking.jpg "Aadhaar Mandatory for filing IT Returns: Madras HC Refuses to Grant Exemption [Read Judgment]")
![Delhi HC Strikes down certain parts of ICDS Provisions and CBDT Notifications [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/ICDS-Judgment-Taxscan.jpg "Delhi HC Strikes down certain parts of ICDS Provisions and CBDT Notifications [Read Judgment]")
![CBEC Takes Measures to Resolve Common Errors hindering disbursal of IGST Refund to Exporters [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/10/Refund-Export-Taxscan.jpg "CBEC Takes Measures to Resolve Common Errors hindering disbursal of IGST Refund to Exporters [Read Circular]")
Provision in U.P. Entertainment and Betting Tax requiring Pre-deposit for Filing Appeal is not Arbitrary: Allahabad HC [Read Judgment]
The Division bench of the Allahabad of High Court has recently upheld the provisions of U.P. Entertainment and Betting Tax requiring pre-deposit for filing appeal. While dismissing two writ petitions...
Rule Mandating Clearance of Tax for Fitness Certificate for Vehicle clears Constitutional Test: Madhya Pradesh HC [Read Judgment]
The Madhya Pradesh High Court upheld the vires of Rule 48 of Madhya Pradesh Motor Vehicles Rules, 1994 which mandates tax clearance certificate for fitness application of vehicle. A division bench...
![Rule Mandating Clearance of Tax for Fitness Certificate for Vehicle clears Constitutional Test: Madhya Pradesh HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Fitness-Certificate-Clearance-of-Tax-Taxscan.jpg "Rule Mandating Clearance of Tax for Fitness Certificate for Vehicle clears Constitutional Test: Madhya Pradesh HC [Read Judgment]")
Non-Speculative Business Loss can be set off against Business Income of Assessee: Allahabad HC [Read Judgment]
The Allahabad High Court recently ruled that Non-Speculative business loss can be set off against business income of the assessee under the provisions of the Income Tax Act, 1961. The division bench...
![Non-Speculative Business Loss can be set off against Business Income of Assessee: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Loss-Taxscan.jpg "Non-Speculative Business Loss can be set off against Business Income of Assessee: Allahabad HC [Read Judgment]")
12A Registration cant be revoked without Proving Foreign Contribution is likely to be used for Personal Gains: Delhi High Court [Read Judgment]
The Delhi High Court has ruled that the registration granted to a society under section 12A of the Income Tax Act, 1961 cannot be revoked in the absence of evidence that the foreign contribution is...
![12A Registration cant be revoked without Proving Foreign Contribution is likely to be used for Personal Gains: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "12A Registration cant be revoked without Proving Foreign Contribution is likely to be used for Personal Gains: Delhi High Court [Read Judgment]")
Assessment can’t be Re-Opened merely by Re-Appreciating the Existing Circumstances: Delhi HC quashes demand against Airtel [Read Order]
Re-Assessment under section 147/148 of the Income Tax Act, 1961 cannot be made merely by re-appreciating the existing circumstances, a division bench of the Delhi High Court said while granting relief...
![Assessment can’t be Re-Opened merely by Re-Appreciating the Existing Circumstances: Delhi HC quashes demand against Airtel [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Airtel-Tax-Taxscan.jpg "Assessment can’t be Re-Opened merely by Re-Appreciating the Existing Circumstances: Delhi HC quashes demand against Airtel [Read Order]")