![Service of Construction of Tube Wells to the Government are eligible for Service Tax exemption: CBEC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Exemption-Taxscan.jpg "Service of Construction of Tube Wells to the Government are eligible for Service Tax exemption: CBEC [Read Circular]")
Service of Construction of Tube Wells to the Government are eligible for Service Tax exemption: CBEC [Read Circular]
The Central Board of Excise and Customs recently issued a circular to its officials clarifying the service tax liability of contractors providing the...
Conduct of the Counsel in making selective reference to the order of the Tribunal in a ‘Very Deceitful Manner’ is ‘Highly Deplorable’: ITAT Bangalore [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal in a recent ruling expressed that the conduct of the counsel in making selective reference to the order of the tribunal in a “very deceitful...
Assessment u/s 153C is unsustainable in the Absence of Recovery of Incriminating Materials: Kerala HC [Read Judgment]
The division bench of the Kerala High Court in a recent decision, ruled that an assessment made under section 153C of the Income Tax Act, 1961 cannot be justified on ground that no incriminating...
S. 43B of Income Tax Act is not applicable in Cases where the assesse has not claimed statutory liability as business expenditure; ITAT Hyderabad [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal(ITAT), has recently held that in cases where the assesse has not claimed statutory liability as business expenditure, the claim in respect of...
Provisions of Limitation Act applies to Sales Tax Matters also; The State, Being an applicant is Subject to S. 5 of the Limitation Act: Bombay HC [Read Judgment]
The High Court of Bombay in a recently dismissed an applications filed by the State for condoning delay of 2288 and 548 days, by observing that section 5 of the Limitation Act is applicable to the...
CBDT extends the due date for filing acknowledgment of Form-2 under the Income Declaration Scheme [Read Notification]
The Central Board of Direct Taxes (CBDT) recently extended the time limit for issuing acknowledgement in Form 2 under the Income Declaration Scheme from 15 days to 30 days. As per rule 4 Income...
Date of Transfer of Possession can be treated as the Date of Ownership for the purpose of section 54 of the Income Tax Act: ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal, has recently held that for the purpose of section 54 of the Income Tax Act, 1961 the date of ownership must be determined according to the date in...
