Out of Rs. 1.02 Crore, Rs. 73 Lakhs granted from Chartered Accountants Benevolent Fund: ICAI Chief
The President of the Institute of Chartered Accountants of India ( ICAI ) has recently said that so far an amount of Rs. 1,02,35,824/- has been...
Sale / Lease of the Multi-Functional Printers Subject to 12.5% Tax under MVAT Act: Bombay HC [Read Judgment]
The Bombay High Court in the case of Ricoh India Ltd. Â v. State of Maharashtra held that the rate of tax applicable on the sale/lease of the multi-functional printers would be 12.5% as opposed to 4%...
![Sale / Lease of the Multi-Functional Printers Subject to 12.5% Tax under MVAT Act: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/01/Multi-Functional-Printers-Taxscan.jpg "Sale / Lease of the Multi-Functional Printers Subject to 12.5% Tax under MVAT Act: Bombay HC [Read Judgment]")
No Income Tax Deduction to Law Firm for Expenses incurred for Pleasure Tour by Counsels and Family: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that no income tax deduction can be given to the law firm, Luthra and Luthra for the expenses incurred by it for the pleasure tour...
![No Income Tax Deduction to Law Firm for Expenses incurred for Pleasure Tour by Counsels and Family: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Income-Tax-Deduction-Luthra-and-Luthra-Taxscan.jpg "No Income Tax Deduction to Law Firm for Expenses incurred for Pleasure Tour by Counsels and Family: ITAT [Read Order]")
S. 54F Benefit not allowable for Purchase of Land after One Year of Sale of Old Asset: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bengaluru bench has held that the benefit of Section 54F of the Income Tax Act is not available in respect of the purchase of land after the period of one...
![S. 54F Benefit not allowable for Purchase of Land after One Year of Sale of Old Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/deduction-Section-54F-Taxscan.jpg "S. 54F Benefit not allowable for Purchase of Land after One Year of Sale of Old Asset: ITAT [Read Order]")
Mere Non-Production of Directors in person not a ground to confirm Addition u/s 68: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that mere non-production of directors of the Company is not a ground to made addition under section 68 of the Income Tax Act,...
![Mere Non-Production of Directors in person not a ground to confirm Addition u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Chartered-Accountant-ITAT-Taxscan.jpg "Mere Non-Production of Directors in person not a ground to confirm Addition u/s 68: ITAT [Read Order]")
![Capital Gain Benefit allowable in case of Part Performance of Contract: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Tax.jpg "Capital Gain Benefit allowable in case of Part Performance of Contract: ITAT [Read Order]")
No Tax Deductible on Dealership for Sale of SIM Cards and Mobile Recharge Coupons: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that no tax is deductible under Section 194H of the Income Tax Act, 1961. The assessee is deriving income from distributorship of...
![No Tax Deductible on Dealership for Sale of SIM Cards and Mobile Recharge Coupons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/SIM-Cards-Taxscan.jpg "No Tax Deductible on Dealership for Sale of SIM Cards and Mobile Recharge Coupons: ITAT [Read Order]")
Company Secretary found Guilty for Misconduct for suppressing Enrollment as Advocate [Read Order]
The Disciplinary Committee of the Institute of Company Secretaries of India (ICSI) has found a Company Secretary guilty for professional misconduct since he suppressed the details of his enrollment as...
![Company Secretary found Guilty for Misconduct for suppressing Enrollment as Advocate [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Company-Secretary-Taxscan.jpg "Company Secretary found Guilty for Misconduct for suppressing Enrollment as Advocate [Read Order]")