While hearing a writ petition filed by M/s Kotarki Constructions Pvt Ltd, the Karnataka High Court quashed a re-assessment order passed under section 148 of the Income-tax Act by holding that the same cannot be

The Union Finance Minister Arun Jaitley informed the Parliament on Friday that notices have been issued for ‘initiation of investigation’ in nine cases under anti-profiteering provisions of the newly implemented Goods and Services Tax (GST).

The Central Board of Excise and Customs (CBEC) notified proper officer under the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017 as per which, the Superintendents

A two judgment of the Supreme Court, in Securities and Exchange Board of India v. Rakhi Trading Private Ltd, held that persons are not allowed to indulge in any fraudulent or an unfair trade practice

The Hyderabad bench of Tribunal said that a charitable trust would not get the benefit of tax exemption in the particular year in which its receipts from the commerce activities exceeds the threshold limit whether

In District Co-operative Bank vs. Income Tax Officer (ITO), Visakhapatnam bench of Income Tax Appellate Tribunal (ITAT) recently held that the payment of gratuity to Life Insurance Corporation of India is eligible for deduction under

While hearing the case of Macquarie Global Services Pvt. Ltd vs. DCIT, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that once the claim of section 10AA deduction under the Income Tax

The Kolkata bench of ITAT in the case of Tata Global Beverages Ltd. versus A.C.I.T held that expenditure incurred by the employer towards medical reimbursement to his employees would not constitute fringe benefits under section

In the case of Reliance Communications Ltd, Mumbai bench of Income Tax Appellate Tribunal (ITAT) laid down certain guidelines for taxation of royalty payments to non-residents and held that payment for acquiring the copy of

A three-Judge bench of the Supreme Court has categorically held that the trade discount given to customers do not form part of the taxable turnover under the Karnataka Value Added Tax Act even if the

While hearing the case between Shri Prodyut Dhar and J.C.I.T, Kolkata bench of Income Tax Appellate Tribunal (ITAT) confirmed the penalty since the assessee failed to prove that the loan amount which is accepted in

The New Delhi bench of Customs Excise and Service Tax Appellate Tribunal in the case of M/s Ascent Poly Films Pvt. Ltd vs. CCE Delhi-III wherein declared that activity of sale of SIM card and

In a major relief to Micro, Small and Medium Enterprises (MSME) registered under Goods and Services Tax (GST) regime, the Reserve Bank of India (RBI) has notified that the exposure of banks and NBFCs to

In a recent ruling, the Customs, Excise and Service Tax Appellate Tribunal held that values of clearances of goods manufactured from single common factory premises by two firms can be clubbed for exemption to Small

The Ministry of Corporate Affairs (MCA) last day notified the Government Companies for which the provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability are