Government issues clarification on Requirement for Furnishing of CbC Report
In keeping with India’s commitment to implement the Recommendations of the 2015 Final Report on Action 13, titled “Transfer Pricing Documentation and...
![Unabsorbed Depreciation can’t be adjusted while claiming S. 10A Benefit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Unabsorbed-Depreciation-Taxscan.jpg "Unabsorbed Depreciation can’t be adjusted while claiming S. 10A Benefit: ITAT [Read Order]")
![No Addition if Assessee able to Prove Genuineness of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/ITAT-Taxscan-1.jpg "No Addition if Assessee able to Prove Genuineness of Transaction: ITAT [Read Order]")
MCA files Prosecution against 780 listed Companies for Non-Filing of Financial Statements and Annual Returns
The Government has taken any steps against listed companies which are not functioning. Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of...
No Penalty If Assessee reversed the Cenvat Credit along with Interest even before Issue of Show Cause Notice: CESTAT [Read Order]
Delhi bench of CESTAT ruled that penalty cannot be levied if Assessee reversed the cenvat credit along with interest even before the issue of show cause notice. The bench was hearing the appeal of...
![No Penalty If Assessee reversed the Cenvat Credit along with Interest even before Issue of Show Cause Notice: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/CENVAT-Credit-Taxscan.jpg "No Penalty If Assessee reversed the Cenvat Credit along with Interest even before Issue of Show Cause Notice: CESTAT [Read Order]")
No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently held that penalty cannot be levied when difference found in the declared income and assessed income is only on the basis of...
![No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]")
S. 80HH Benefit allowable to Assessee who carries on processing in an Industrial Undertaking belonging to Another, but situated in a Backward Area: Kerala High Court [Read Judgment]
In Income Tax Officer v. Mr.Prakash, Kerala High Court recently held that Assessee who carries on processing in an industrial undertaking belonging to another is eligible for section 80HH benefit...
![S. 80HH Benefit allowable to Assessee who carries on processing in an Industrial Undertaking belonging to Another, but situated in a Backward Area: Kerala High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Kerala-High-Court-Tax-Scan.jpg "S. 80HH Benefit allowable to Assessee who carries on processing in an Industrial Undertaking belonging to Another, but situated in a Backward Area: Kerala High Court [Read Judgment]")