GoM recommends Inclusion of GST in MRP
Assam Finance Minister Himanta Biswa Sarma headed the Group of Ministers (GoM) of state finance ministers that have been set up to look into various...
![CIT (A) can’t entertain an issue which was subject matter of Revisional Order passed by CIT: ITAT Slams CIT(A) for violation of Judicial Discipline [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "CIT (A) can’t entertain an issue which was subject matter of Revisional Order passed by CIT: ITAT Slams CIT(A) for violation of Judicial Discipline [Read Order]")
![Refineries should Pay GST on Net Quantity of Superior Kerosene Oil retained for Manufacture of Linear Alkyl Benzene: CBEC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/09/CBEC-Tax-Scan.jpg "Refineries should Pay GST on Net Quantity of Superior Kerosene Oil retained for Manufacture of Linear Alkyl Benzene: CBEC [Read Circular]")
Voluntary Withdrawal of Rebate Claim would not amount to Concealment of particulars or Furnishing Inaccurate Particulars: Madras HC [Read Judgment]
The Madras High Court, while deleting penalty under section 271(1)(c) of the Income Tax Act, 1961, observed that voluntary withdrawal of rebate claim would not amount to concealment of particulars or...
![Voluntary Withdrawal of Rebate Claim would not amount to Concealment of particulars or Furnishing Inaccurate Particulars: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Voluntary Withdrawal of Rebate Claim would not amount to Concealment of particulars or Furnishing Inaccurate Particulars: Madras HC [Read Judgment]")
![No GST on services supplied to Nepal against payment in Indian Currency [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/08/GST-Tax-Scan.jpg "No GST on services supplied to Nepal against payment in Indian Currency [Read Notification]")
MCA Extends Last date for filing AOC-4 using newly implemented Ind-AS: Additional fees relaxed [Read Circular]
The MCA (Ministry of Corporate Affairs) yesterday passed a circular extending the last date for filing AOC-4 (XBRL e-forms using IndAS) for the financial year 2016-17 without additional fee till the...
Disallowance under section 14A of the Act cannot exceed the exempt income earned by the assesse: ITAT follows Delhi HC decision
The Income Tax Appellate Tribunal Delhi bench, comprising of judicial member SH.Amit Sukla and accountant member SH.O.P.Kant held that disallowance under section 14A of the act cannot exceed the...
Purchasing Two separate houses in different localities would disentitle Assessee from claiming Capital Gain Exemption u/s 54: ITAT [Read Order]
Bangalore bench of the ITAT, on Wednesday, observed that purchasing of two properties in different localities cannot be claim tax exemption under sec 54 of the Income Tax Act, 1961. The Assesse sold...
![Purchasing Two separate houses in different localities would disentitle Assessee from claiming Capital Gain Exemption u/s 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Purchasing Two separate houses in different localities would disentitle Assessee from claiming Capital Gain Exemption u/s 54: ITAT [Read Order]")