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National Anti-Profiteering Authority will be constituted within 3 Weeks, says CBEC Chief
The Central Board of Excise and Customs (CBEC) Chief, Vanaja N Sarna, in an interview with Business Line said that the pending issues of dual control...
![Assessee should not be Taxed for the Income that it has not Earned: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Assessee should not be Taxed for the Income that it has not Earned: Kerala HC [Read Judgment]")
![Supplying Audio of the Back Ground Sound to a Film already shot amounts to “Manufacture”: J&K HC allows IT Deduction [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Supplying Audio of the Back Ground Sound to a Film already shot amounts to “Manufacture”: J&K HC allows IT Deduction [Read Judgment]")
![Consideration Received by the Land Owner as per Joint Development Agreement is “Business Income”: Orissa HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/02/Orissa-High-Court.jpg "Consideration Received by the Land Owner as per Joint Development Agreement is “Business Income”: Orissa HC [Read Judgment]")
Over 94000 cases are pending before ITATs: Non-Filling of ITAT Vacancies to Affect the System Badly
Reportedly, over 94,000 cases are pending before the Income Tax Appellate Tribunal all over India. However, despite several directions from the Supreme Court to fill up vacancies in the Tribunals, the...
Interest on FD made with the Bank on receipt of Compensation under Land Acquisition Act is Taxable Even If No Final Order is Delivered: Bombay HC
Recently, a division bench of the Bombay High Court ruled that the interest received on the fixed deposits made with the Bank on receipt of enhanced compensation under the Land Acquisition Act is...
“Oversight on the part of Accountant can be presumed to be a reasonable cause for not depositing the tax within time”: Patna HC [Read Judgment]
Justice Sanjay Priya of the Patna High Court came in to the rescue of an automobile dealer, which was facing criminal allegations by the Income tax department, for unintentionally delaying tax...
![“Oversight on the part of Accountant can be presumed to be a reasonable cause for not depositing the tax within time”: Patna HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Patna-High-Court-TaxScan.jpg "“Oversight on the part of Accountant can be presumed to be a reasonable cause for not depositing the tax within time”: Patna HC [Read Judgment]")
