![Penalty paid on Sales Tax demand is not Compensatory in Nature: ITAT disallows Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Penalty paid on Sales Tax demand is not Compensatory in Nature: ITAT disallows Expenditure [Read Order]")
Penalty paid on Sales Tax demand is not Compensatory in Nature: ITAT disallows Expenditure [Read Order]
A division bench of the Delhi ITAT held that penalty paid in connection with sales tax demand is not compensatory in nature, and therefore, not...
![Co-Operative Society providing Credit Facilities can Claim benefit of Section 80P If It has dealings with other Non-Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Money-Laundering-Taxscan.jpg "Co-Operative Society providing Credit Facilities can Claim benefit of Section 80P If It has dealings with other Non-Members: ITAT [Read Order]")
![Mobilization Fee paid to Non-Resident to move Oil rigs from Foreign to India is subject to Income Tax in India: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Mobilization Fee paid to Non-Resident to move Oil rigs from Foreign to India is subject to Income Tax in India: SC [Read Judgment]")
![Madras HC Permits Individual to File Income Tax Returns without Quoting Aadhaar [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Aadhaar-PAN-Linking.jpg "Madras HC Permits Individual to File Income Tax Returns without Quoting Aadhaar [Read Order]")
Amenity Charges received along with Rental Income constitutes ‘House Property Income’ If it is part of same transaction: ITAT [Read Order]
The Income Tax Appellate Tribunal, Mumbai bench declared that amenities received along with rental income under the lease agreement is assessable as House Property Income under the provisions of the...
![Amenity Charges received along with Rental Income constitutes ‘House Property Income’ If it is part of same transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Amenity Charges received along with Rental Income constitutes ‘House Property Income’ If it is part of same transaction: ITAT [Read Order]")
![Delhi HC deletes Income Tax Proceedings against ESPN Mauritius [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/ESPN-Taxscan.jpg "Delhi HC deletes Income Tax Proceedings against ESPN Mauritius [Read Judgment]")
![Final Rules on Transfer Pricing Documentation and CbC Reporting Released [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/10/Form-26AS-CBDT-Taxscan.jpg "Final Rules on Transfer Pricing Documentation and CbC Reporting Released [Read Notification]")
![TDS not applicable to Bank Guarantee Commission: ITAT follows CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "TDS not applicable to Bank Guarantee Commission: ITAT follows CBDT Circular [Read Order]")
Decoding Impact of Corporate Governance Committee’s recommendations on ‘Managerial Remuneration’
Apart from how the company complies (and deals) with Related Party Transactions (RPTs), another critical test of good Corporate Governance is the modes and manner in which a company remunerates it’s...
Madhya Pradesh HC Upholds Levy of Advertisement Tax on Sign Boards affixed on Premises of Dealers, Distributors & Retailers [Read Judgment]
While disposing a bunch of petitions, a division bench of Madhya Pradesh High Court has upheld the imposition of advertisement tax levied by the Indore Municipal Corporation on the sign boards erected...
![Madhya Pradesh HC Upholds Levy of Advertisement Tax on Sign Boards affixed on Premises of Dealers, Distributors & Retailers [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Advertisement-Tax-Havells-Hoardings-Taxscan.jpg "Madhya Pradesh HC Upholds Levy of Advertisement Tax on Sign Boards affixed on Premises of Dealers, Distributors & Retailers [Read Judgment]")