No need to Furnish the Personal details of the concerned dealer to the assessee during the proceedings under TNGST Act: Madras HC [Read Judgment]
In a recent decision, the Madras High Court observed that the personal details of the concerned dealer cannot be compelled to be furnished to the...
![Grant-in-Aids are ‘Capital Receipts’: ITAT Kolkata allows Deduction on interest paid for delayed deposit of PF [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Grant-in-Aids are ‘Capital Receipts’: ITAT Kolkata allows Deduction on interest paid for delayed deposit of PF [Read Order]")
No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]
The first bench of Punjab and Haryana High Court has upheld the ITAT order that, No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses...
![No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]")
Application u/s 50C to determine Capital Gain is not a Conclusive Proof that sale deed is incorrect or wrong: ITAT Ahmedabad [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal, in a recent decision, held that determination capital gain by applying section 50C of the Income Tax Act, 1961 cannot be treated as a...
![Application u/s 50C to determine Capital Gain is not a Conclusive Proof that sale deed is incorrect or wrong: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Application u/s 50C to determine Capital Gain is not a Conclusive Proof that sale deed is incorrect or wrong: ITAT Ahmedabad [Read Order]")
CBEC allows Exemption in case of Supply of Goods manufactured by EOU to Advance Licence/Authorization holder in DTA [Read Order]
Recently, the Central Board of Excise and Customs (CBEC) has issued a circular clarifying that exemption from excise duty should not be denied in case of supply of manufactured goods by EOU to advance...
No penalty shall be levied in case of quantum appeals in which the disputed tax does not exceed Rs.10 lakh: CBDT [Read Circular]
CBDT issues clarifications on Direct Tax Dispute Resolution scheme, 2016. The Central Board of Direct Taxes releases clarifications on Direct Tax dispute Resolution Scheme, 2016. Recently, the...
![No penalty shall be levied in case of quantum appeals in which the disputed tax does not exceed Rs.10 lakh: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/09/Direct-Tax-Dispute-Resolution-scheme.jpg "No penalty shall be levied in case of quantum appeals in which the disputed tax does not exceed Rs.10 lakh: CBDT [Read Circular]")
