News Updates Page 145

Top

Begin typing your search above and press return to search.

Home
»
News Updates

NCLAT constitutes new bench in Chennai to Handle Matters arising in Southern States [Read Notification]

Taxscan Team

The National Company Law Appellate Tribunal (NCLAT) is being constituted in Chennai to handle matters arising from Southern states. The Central...

Cabinet approves scheme for 'Remission of Duties and Taxes on Exported Products' (RoDTEP)

39th GST Council Meeting: Nandan Nilekani gives presentation on system related issues being faced by...

NAA directs Recomputation of Profiteering Amount of Portronics Digital [Read Order]

MCA extends deadline for filing e-form AoC-4 and e-form MGT-7 by Companies Incorporated under UT of...

CESTAT quashes Service Tax Demand for Construction of Railway Siding Track Works [Read Order]

The Central Excise Service Tax Appellate Tribunal (CESTAT) has quashed service tax for construction of railway siding track works and also penalty imposed is also waived. The grievance of M/s NMC...

Goods supplied under Turnkey Contract shall not be included in Value of Contract: AAR [Read Order]

In the case of M/s Vihan Enterprises, the Authority of Advance Ruling (AAR) has ruled that goods supplied under Turnkey Contract, where there are multiple independent contracts, of which some are not...

Sale through GPA Holder for a Less Consideration in favour of Children does not attract Section 50C: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held that the provisions of section 50C of the Income Tax Act, 1961 would not be applicable where the assessee executed a Sale...

Addition for Unexplained Cash Credit can’t be merely on Suspicion: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that no addition under section 68 of the Income Tax Act cannot be invoked only on the basis of mere suspicion. The assessee, the...

No Income Tax on Compensation / Enhanced Compensation Received on Compulsory Acquisition of Agricultural Land: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax cannot be levied on the compensation or enhanced compensation received on Compulsory Acquisition of the...

Micro Finance Activity is not ‘Charitable’: ITAT denies Tax Exemption to Trust [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that the Micro Finance Activity cannot be treated as charitable in nature for the purpose of allowing tax exemptions to a Trust under...

Provision for Gratuity can be Deducted while Computing Book Profit: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore has last week held that the provision for gratuity can be deducted from the book profit under Section 115JB of the Income Tax Act, 1961. The only...

Prev Page Next Page