The Income Tax Department has invited the applications from the law and accountancy graduates under the Young Professional Scheme. The different regions have advertised the same with the number of posts, stipend and last date

In a significant case, the Delhi High Court has held that Sanitary wares having Premium Aesthetic and sleek design would not fall in category of Artwork and quashed the order rejecting duty drawback under the

The Delhi High Court has held that no Tax Deductible at Source (TDS ) under section 195 of the Income Tax Act when no income chargeable to tax arose on non-resident and upheld the order of

On August 25, 2023, the Ministry of Law and Justice issued the Hindi translation of the Tax Laws (Amendment) Act, 2019, with other acts after one year of its issue date that is August 22,

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding that the sale of stock of agricultural land could be treated as capital gain and not business receipt. In this case

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest expenditure which had not been claimed in the profit and loss account could not be treated as revenue expense for disallowance

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that as per the CBDT (Central Board of Direct Taxes)  circular, 500 gms for the assessee, 100 gms for her husband and 250 gms for

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the additional holding that the Assessing Officer (AO) could not interpolate the extra payment for every month to the entire 12 months for additional

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that mere search statements recorded from third parties 5 years ago would not be relevant for framing the current assessment year. The assessee,Jagat Jewels,

This Round-Up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during  August 19 to August 25, 2023. Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies

This weekly round-up analytically summarises the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at taxscan. in, from August 19 to August 25, 2023. Determination of Service Tax Liability lies

This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from August 19 to August 25, 2023. ‘ITC neither vested nor statutory right’, argues

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer (AO)  has no jurisdiction to declare the assessment order passed earlier by him as null and void and substitute it with

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding that the rectification under Section 154 of the Income Tax Act 1961 could not be invoked to adjust prior period expenses.

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the cloud computing services rendered by Amazon web services to customers in India do not fall within the Fee for Technical Services (FTS)