![Madras HC allows deduction on Legal Fee and Professional Indemnity Insurance Expenses [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Madras HC allows deduction on Legal Fee and Professional Indemnity Insurance Expenses [Read Judgment]")
Madras HC allows deduction on Legal Fee and Professional Indemnity Insurance Expenses [Read Judgment]
A single bench of Madras High Court held that, deduction is allowable on Legal fees and professional indemnity insurance expenses under section 37 of...
![PMGKY Scheme: Form 1 can be filed by April 10th, If deposit made deadline [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/03/PMGKY-Scheme.jpg "PMGKY Scheme: Form 1 can be filed by April 10th, If deposit made deadline [Read Circular]")
Assessment cannot be Re-Opened Merely on Ground of Mismatch Found in Dept Website, says Madras HC [Read Judgment]
The Madras High Court, in a recent ruling, held that assessment cannot be reopened merely on ground of mismatch found in the VAT Department’s website. Justice T. Sivagnanam was hearing a bunch of...
Consideration for Amenities Provided to Tenant cannot be treated as ‘Business Income’ if same is not separable from Rental Income: ITAT Bangalore
In M/s. Sree Seshachala Builders Ltd v. DCIT & Anr, the ITAT Bangalore held that the consideration for amenities provided to the tenant is “Income from House Property” if the same is not...
Value of Goods obtained on Job-Work basis must be Excluded from Turnover for the Purpose of SSI Exemption: CESTAT Kolkata [Read Order]
In M/s.Hitachi K.K.Manufacturing Co v. CCE, the Kolkata bench of the CESTAT held that while computing SSI limit under the Central excise law, value of the goods obtained on the job-work basis should...
Income Tax dept. unearthed Undisclosed Income of worth Rs. 45,622 Cr, says MoS Santosh Kumar Gangwar
As part of enforcement measures and based upon credible evidence of tax evasion and other serious violations of provisions of the Income-tax Act, 1961, Income Tax Department (ITD) conducts searches in...
Benami Transactions: SCN issued for Provisional Attachment of Benami Properties worth Rs. 200 crore, says MoS Santosh Kumar Gangwar
The Show cause notices for provisional attachment of benami properties have been issued in 140 cases involving properties of the value of about Rs. 200 crore under Benami Transactions (Prohibition)...
