Income Tax

Cash Medical Benefit - LIC Employees - TDS - ITAT- LIC - Taxscan

Cash Medical Benefit to LIC Employees does not attract TDS: ITAT grants relief to LIC [Read Order]

January 23, 2021

CBDT - Penalty cases - National Faceless Penalty Centre - Taxscan

CBDT assigns all Penalty cases to National Faceless Penalty Centre [Read Order]

January 21, 2021

Kingfisher Airlines - ITAT - disallowance of helicopter expenses - AO - Taxscan

Partial Relief to Kingfisher Airlines: ITAT remits issue of disallowance of helicopter expenses back to AO’s file [Read Order]

January 21, 2021

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Jaypee Sports Seeks Refund of Deposit: SC says petition challenging Entertainment Tax Exemption to F1 Race not maintainable [Read Order]

January 23, 2021

The Supreme Court said that the petition challenging entertainment tax exemption granted to Formula One Race is not maintainable. The petitioner, Amit Kumar had challenged the exemption granted by the State of Uttar Pradesh to the Grand Prix event held in Buddh International Circuit along Yamuna Expressway in Gautam Buddh Nagar district of UP. On […]

Cash Medical Benefit to LIC Employees does not attract TDS: ITAT grants relief to LIC [Read Order]

January 23, 2021

In a significant ruling granting relief to the Life Insurance Corporation of India (LIC), the Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the corporation does not required to deduct tax towards the payment of cash medical benefits to its employees as the same is in the nature of mere reimbursement outside the […]

CESTAT erred in releasing Canadian Green Peas on payment of redemption fine: Kerala High Court [Read Judgment]

January 23, 2021

The Kerala High Court held that the CESTAT erred in releasing Canadian Green Peas on payment of redemption fine. The importer before actual grant of license imported goods and filed a Bill of Entry for clearance of goods declared as Canadian Green Peas henceforth referred to as the “subject goods”. As per the declaration in […]

Know about 11 provisions of Companies (Amendment) Act, 2020 effective from today [Read Notification]

January 23, 2021

The Ministry of Corporate Affairs (MCA) notified 22 January 2021 as the date on which 11 provisions of the Companies (Amendment) Act, 2020 will be enforced. Sections 2, 11, 25, 27, 53, 55, 58, 59, 60, 62, 64, 65, Clause (c) of section 18 and Clause (ii) of section 22 of Companies (Amendment) Act, 2020, […]

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Jaypee Sports Seeks Refund of Deposit: SC says petition challenging Entertainment Tax Exemption to F1 Race not maintainable [Read Order]

January 23, 2021

Cash Medical Benefit to LIC Employees does not attract TDS: ITAT grants relief to LIC [Read Order]

January 23, 2021

CESTAT erred in releasing Canadian Green Peas on payment of redemption fine: Kerala High Court [Read Judgment]

January 23, 2021

Know about 11 provisions of Companies (Amendment) Act, 2020 effective from today [Read Notification]

January 23, 2021

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