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Definition of ‘Speculative Transaction’ does not include Currency: ITAT allows Deduction on Cancellation of Forward Contracts
In M/s Essel Propack Ltd v. ACIT, a division bench of the Mumbai ITAT, while allowing the loss suffered on cancellation of forward contracts held that...
![Interest Expenses incurred on Account of Late Deposit of Service Tax & TDS are Eligible for IT Deduction: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Expenses incurred on Account of Late Deposit of Service Tax & TDS are Eligible for IT Deduction: ITAT Kolkata [Read Order]")
![ITAT allows Claim of Capital Gain Exemption for Investing in RECL Bonds of Rs.50,00,000/- each in 2 Financial Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT allows Claim of Capital Gain Exemption for Investing in RECL Bonds of Rs.50,00,000/- each in 2 Financial Years [Read Order]")
![Assessment in the Name of Company dissolved by Amalgamation is Void: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Maruti-R-D-Center.jpg "Assessment in the Name of Company dissolved by Amalgamation is Void: Delhi HC [Read Order]")
![GSTR-1 can be filed till 10th October: Govt [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/09/GSTR-1.jpg "GSTR-1 can be filed till 10th October: Govt [Read Notification]")
Poor Financial Condition is not a Ground to Waive Pre-deposit for Excise Appeal: Bombay HC dismisses Writ Petition [Read Judgment]
A bench of Justices Anoop V Mohta and Anuja Prabhudessai, while dismissing a writ petition seeking waiver of pre-deposit under the Excise Act, held that pre-deposit cannot be waived due to poor...
Joint Parliamentary Committee Invites Suggestions from Stakeholders on the Financial Resolution and Deposit Insurance Bill, 2017
The Financial Resolution and Deposit Insurance Bill, 2017 has been referred to a Joint Parliamentary Committee of both the Houses, under the Chairpersonship of Shri Bhupender Yadav, M.P for...
