The Larsen & Toubro Limited inviting applications from eligible candidates with an experience of 5-10 years for the post of Assistant Manager. Larsen & Toubro Limited, commonly known as L&T is an Indian multinational conglomerate

The Income Tax Appellate Tribunal (ITAT), Chennai bench has granted partial relief to the Tamil movie actor Vijayakant in various income tax issues. In one of the cases, the department observed that the actor had

The Mumbai bench of Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), in the issue of value of excisable goods sold at depot has held that value will be determined on basis of

Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) ruled that the section 115JB of Income Tax Act, 1961 does not provide a mechanism to make disallowance independently. The ITAT directed the Assessing Officer (AO) to

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that simultaneous issue of the DIN number is insignificant and superfluous exercise, in the absence of mentioning the DIN number on the body of the

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the grant to operate a project under the government is a license and is eligible for depreciation of the intangible asset. The assessee company,

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made under Section 56(2)(x)(b) of Income Tax Act 1961 if an allotment letter is issued for purchase of

In a recent judgement, the Pune bench of the Income Tax Appellate Tribunal (ITAT)upheld the disallowance of excess interest on borrowed funds since the assessee diverted the fund for non-business purposes. Asuda Holdings Private Limited,

In a major relief to M/s South Indian Film Chamber of Commerce, the division bench of the Chennai Income Tax Appellate Tribunal (ITAT) held that the activities of the society are not in the nature

In a recent judgement, the Chandigarh bench of the Customs, Excise & Service Tax Appellate Tribunal( CETSTAT) has held that conversion from DEPB scheme to another scheme under section 149 of the Customs Act, 1962

The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowance under Section 40(a)(ia) of the Income Tax Act, 1961 shall be imposed when the assessee failed to deduct the Tax Deducted

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Waseem Ahmed, Accountant Member, and Madhumita Roy, Judicial Member granted relief to Developer as non-maintenance of Books of Account would not attract Penalty u/s 271B.

The Pune Bench of Income Tax Appellate Tribunal has held that subsidy received by assessee under Package Scheme of Incentives is a capital receipt and not chargeable to tax. The assessee, Haldex India Pvt. Ltd.,

The Appellate Authority for Advance Rulings (AAAR), Maharashtra has held that GST cannot be levied on dried and polished turmeric. Earlier, the Maharashtra’s Authority for Advance Ruling (MAAR) has ruled that dried and polished turmeric

The Income Tax Appellate Tribunal (ITAT), Chandigarh bench has held that the re-opening of assessment under section 147/148 of the Income Tax Act, 1961 is not valid. The assessee company, M/s Valco Industriesclaimed deduction @