![Protective Assessment can’t be made against Shareholder If Overseas Companies have already been assessed as Residents in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Protective Assessment can’t be made against Shareholder If Overseas Companies have already been assessed as Residents in India: ITAT [Read Order]")
Protective Assessment can’t be made against Shareholder If Overseas Companies have already been assessed as Residents in India: ITAT [Read Order]
While dismissing the appeal filed by the revenue, the Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that protective assessment...
![Computation of MAT is not applicable when the assessee following Electricity Regulatory Act instead of Companies Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Minimum-Alternate-Tax-Taxscan.jpg "Computation of MAT is not applicable when the assessee following Electricity Regulatory Act instead of Companies Act: ITAT [Read Order]")
![ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]")
Condonation of Delay Scheme: Delhi HC orders to place the Scheme on the Website to Ensure Wide Publicity [Read Order]
In a recent ruling, the Delhi High Court directed that the Condonation of Delay Scheme on its official website with a view to ensuring that wide publicity is given to the scheme. In October, the...
Govt Cautions People Against Risks in Investing in Virtual ‘Currencies’; Says VCs are like Ponzi Schemes
The Ministry of Finance has cautioned People in Risks in Investingon Virtual ‘Currencies’. “There has been a phenomenal increase in recent times in the price of Virtual ‘Currencies’ (VCs) including...
Divisible Contract is Taxable under the Bombay Sales Tax Act since the predominant intention was Sale of Equipment: Bombay HC [Read Judgment]
A two-judge bench of the High Court of Bombay held that the sales component in a works contract where sales of the goods are predominant and divisible from the services, is subject to sales tax under...
![Divisible Contract is Taxable under the Bombay Sales Tax Act since the predominant intention was Sale of Equipment: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Divisible Contract is Taxable under the Bombay Sales Tax Act since the predominant intention was Sale of Equipment: Bombay HC [Read Judgment]")
Delhi High Court upholds Constitutional Validity of Section 4(b) of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 [Read Judgment]
The division bench of the Delhi High Court in M/S Atv Projects (India) Ltd vs. Union Of India & Ors upheld the constitutional validity of Section 4(b) of the Sick Industrial Companies (Special...