Madhya Pradesh Govt decides to shift Calender Year as Fiscal Year
The Madhya Pradesh government during the state cabinet meeting held today decided to shift to January-December fiscal year format from the present...
![Deduction u/s 43B is Allowable even in case of Delayed Payment of Employees Contribution under EPF Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Deduction u/s 43B is Allowable even in case of Delayed Payment of Employees Contribution under EPF Act: Delhi HC [Read Order]")
![Delhi HC refuses to Condone Delay of 448 days, criticizes the Departmental Officials for delay in Filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Delhi HC refuses to Condone Delay of 448 days, criticizes the Departmental Officials for delay in Filing Appeal [Read Order]")
![Assessee cannot Claim Deduction of Refund of Sales Tax u/s 80HHC when such Income has No Direct Nexus with his Export Business: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "Assessee cannot Claim Deduction of Refund of Sales Tax u/s 80HHC when such Income has No Direct Nexus with his Export Business: Madras HC [Read Judgment]")
CBDT signs Two Unilateral APAs with Indian Taxpayers, Strengthening the Govt’s Commitment to Foster a Non-Adversarial Tax Regime
The total number of APAs entered into by the CBDT has reached 154, which includes 11 bilateral APAs and 143 unilateral APAs. The Central Board of Direct Taxes (CBDT) has entered into two...
ITAT Hyderabad allows Expenditure on Amount Paid to Village Elders for Settling Land Disputes [Read Order]
In Anasuya Mekala v. DCIT, the Hyderabad bench of the ITAT allowed expenditure on amount paid to village elders for settlement of land disputes by accepting the fact that it is a common practice...
![ITAT Hyderabad allows Expenditure on Amount Paid to Village Elders for Settling Land Disputes [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "ITAT Hyderabad allows Expenditure on Amount Paid to Village Elders for Settling Land Disputes [Read Order]")
Salary of Non-Resident Seafarer- IT Exemption available to Persons in a ‘Foreign Going Ship’, clarifies CBDT
The Central Board of Direct Taxes (CBDT) recently issued a corrigendum in connection with the circular dated 11.04.2017 whereby it had been that the salary of a non-resident seafarer on account of...
A Director’s Admission to Undisclosed Income cannot be a Ground for Transferring a Case: Allahabad HC lays down Conditions for Transferring a Case u/s 127
While scrapping an order transferring a case from Delhi to Noida, the division bench of the Allahabad High Court held that the holding of the office of a director by the petitioner and his admission...
CBDT notifies rules for Taxation of Accreted Income of Trust u/s 115TD of Income Tax Act [Read Notification]
The Central Board of Direct Taxes (CBDT) recently notified rules for taxation of accreted income of Trust under section 115TD of the Income Tax Act, 1961. The new amendment inserts Rule 17CB which...