![No Penalty for Non-Accounting of Raw-materials since Assessee is not Manufacturer or Dealer of such Material: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/CESTAT-Taxscan.jpg "No Penalty for Non-Accounting of Raw-materials since Assessee is not Manufacturer or Dealer of such Material: CESTAT [Read Order]")
No Penalty for Non-Accounting of Raw-materials since Assessee is not Manufacturer or Dealer of such Material: CESTAT [Read Order]
In M/s Anil Enterprises v. CCE, the Customs, Excise, and Service Tax Tribunal ( CESTAT ) ruled that non-accounting of raw materials would not attract...
![Reassessment Order under Sec 143(3) rws 147 without Notice is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Reassessment-Taxscan.jpg "Reassessment Order under Sec 143(3) rws 147 without Notice is Invalid: ITAT [Read Order]")
![Promoting Universal Teaching of Shri Guru Granth Sahib and Other Religious Granths among the General Public is Charitable Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Guru-Granth-Taxscan.jpg "Promoting Universal Teaching of Shri Guru Granth Sahib and Other Religious Granths among the General Public is Charitable Activity: ITAT [Read Order]")
ICAI Revises Amount for Membership Fee and Certificate of Practice Fee for the year 2018-19 [Read Announcement]
The Institute of Chartered Accountants of India (ICAI) has revised the fee payable for membership and Certificate of practice for the year 2018-19. The amount becomes due for payment on 1st April...
![ICAI Revises Amount for Membership Fee and Certificate of Practice Fee for the year 2018-19 [Read Announcement]](https://www.taxscan.in/wp-content/uploads/2018/02/ICAI-Taxscan.jpg "ICAI Revises Amount for Membership Fee and Certificate of Practice Fee for the year 2018-19 [Read Announcement]")
![Section 50C not applicable to Cold Storage Building: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Cold-Storage-Taxscan.jpg "Section 50C not applicable to Cold Storage Building: ITAT [Read Order]")
![Discount on Prepaid Products is ‘Commission’, TDS payable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "Discount on Prepaid Products is ‘Commission’, TDS payable: ITAT [Read Order]")
Trust not Entitled to Exemption since it had not Maintained Books of Accounts in respect of its Incidental Business: Bombay HC [Read Judgment]
The Bombay High Court has recently ruled that trust would not be entitled to get the exemption since it had not maintained books of accounts in respect of its incidental business. The assessee in the...
![Trust not Entitled to Exemption since it had not Maintained Books of Accounts in respect of its Incidental Business: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Trust-Taxscan.jpg "Trust not Entitled to Exemption since it had not Maintained Books of Accounts in respect of its Incidental Business: Bombay HC [Read Judgment]")
Amount of Loan taken for Acquiring Asset Deductible from Value of Assets under Wealth Tax Act: ITAT [Read Order]
The Visakhapatnam bench of Income Tax Appellate Tribunal (ITAT) recently pronounced that amount of Loan taken for acquiring the Asset should be deducted from the Value of Assets under Wealth Tax Act. ...
Depreciation not allowable on Non-Compete Fee paid for Acquisition of Going Concern: ITAT [Read Order]
Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that the non-compete fee paid for acquisition of going concern is not eligible for depreciation under section 32 of the Income Tax...
![Depreciation not allowable on Non-Compete Fee paid for Acquisition of Going Concern: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Non-Compete-Fee-Taxscan.jpg "Depreciation not allowable on Non-Compete Fee paid for Acquisition of Going Concern: ITAT [Read Order]")