CEA Nageswaran bats against Billionaire Tax Proposal, Stresses Focus on Poverty Reduction Over Inequality
Chief Economic Advisor ( CEA ) V. Anantha Nageswaran dismissed the idea of a "billionaire tax" proposed by renowned economist Thomas Piketty,...
![Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-Security-Deposit-Tax-TAXSCAN.jpg "Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]")
![Cash Gift from Father and Father-in-Law Not Taxable Under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Act-ITAT-Delhi-Cash-Gift-Father-and-Father-in-Law-Taxable-Under-Income-Tax-Act-taxscan.jpg "Cash Gift from Father and Father-in-Law Not Taxable Under Income Tax Act: ITAT [Read Order]")
32-Day Delay in Filing Appeal: ITAT Remands Matter to CIT(A) for Adjudication on Exemption Claim u/s 10(10C) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) condoned a 32-day delay in filing the appeal and remanded the matter to the Commissioner of Income Tax(Appeals)[CIT(A)] for adjudication...
![32-Day Delay in Filing Appeal: ITAT Remands Matter to CIT(A) for Adjudication on Exemption Claim u/s 10(10C) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Remands-Matter-Delay-in-Filing-Appeal-CITA-for-Adjudication-taxscan.jpg "32-Day Delay in Filing Appeal: ITAT Remands Matter to CIT(A) for Adjudication on Exemption Claim u/s 10(10C) [Read Order]")
Supreme Court upholds HC Order Dismissing Writ Petition Stating Availability of Statutory Remedy Before GST Appellate Authority [Read Judgement]
In a recent case, the Supreme Court upheld the High Court ( HC ) order dismissing writ petition stating availability of statutory remedy before Goods and Service Tax ( GST ) appellate authority. The...
![Supreme Court upholds HC Order Dismissing Writ Petition Stating Availability of Statutory Remedy Before GST Appellate Authority [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/12/Supreme-Court-GST-Goods-and-Service-Tax-GST-Appellate-Authority-Writ-Petition-TAXSCAN.jpg "Supreme Court upholds HC Order Dismissing Writ Petition Stating Availability of Statutory Remedy Before GST Appellate Authority [Read Judgement]")
“Instead of issuing SCN for Imposing penalty Under APVAT Act, Revenue wasted six years in litigation”: Supreme Court [Read Judgement]
In a significant case, the Supreme Court criticized the revenue department’s action of conducting 6 years litigation on issue of invalid penalty order under the Andhra Pradesh Value Added Tax Act...
Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)'s Order [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s order granting relief on the eligibility of interest income for deduction under...
![Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]")
Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ordered deletion of Rs.52.25 Lakh addition under section 69A of Income Tax Act,1961 for unaccounted fees due to evidence of proper...
![Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-ITAT-Orders-Deletion-Unaccounted-Fees-Evidence-of-Proper-Accounting-taxscan.jpg "Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]")
'Why the Goods and Services Tax Appellate Tribunal has not been made functional till this date': Supreme Court Seeks Report from Govt [Read Judgement]
The Supreme Court has directed the Central Government to provide a report explaining the reasons behind the continued non-functionality of the Goods and Services Tax ( GST ) Appellate Tribunal. ...
![Why the Goods and Services Tax Appellate Tribunal has not been made functional till this date: Supreme Court Seeks Report from Govt [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/12/GST-Supreme-Court-Goods-and-Services-Tax-GST-Appellate-Tribunal-TAXSCAN-2.jpg "Why the Goods and Services Tax Appellate Tribunal has not been made functional till this date: Supreme Court Seeks Report from Govt [Read Judgement]")