ICAI Council Recommends Audit Fee Collection only through Banking Channels
The Institute of Chartered Accountants of India (ICAI) has recommended that chartered accountants and audit firms collect audit fees only through...
![DRAT Orders Release of PC Jeweller Showrooms After Settlement with Consortium of Banks [Read Order]](https://images.taxscan.in/h-upload/2025/11/28/250x150_2108471-drat-pc-jeweller-showrooms-consortium-banks-taxscan.webp "DRAT Orders Release of PC Jeweller Showrooms After Settlement with Consortium of Banks [Read Order]")
![Service Tax Not Applicable on University’s Rental Income from Banks, Post Offices etc: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Service-Tax-Rental-Income-CESTAT-taxscan.jpg "Service Tax Not Applicable on University’s Rental Income from Banks, Post Offices etc: CESTAT [Read Order]")
![Relief for Punjab and Sind Bank: Delhi HC Rules Income from Bank-Held Securities as Business Profits, Not Investment Returns [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-High-Court-Punjab-and-Sind-Bank-Not-Investment-Returns-taxscan.jpg "Relief for Punjab and Sind Bank: Delhi HC Rules Income from Bank-Held Securities as Business Profits, Not Investment Returns [Read Order]")
DGFT notifies Launch of Revamped Electronic Bank Realisation Certificate (eBRC) System for Self-Certification by Exporters [Read Trade Notice]
The Directorate General of Foreign Trade (DGFT), vide trade notice 33/2023-24 issued on November 10, 2023 has notified the launch of Revamped Electronic Bank Realisation Certificate (eBRC) System for...
No Additional Concession Could be Included in BIFR Scheme by Income Tax Dept without any Extension or Modification: Delhi HC [Read Order]
The Delhi High Court in a recent decision observed that no additional concession could be included in Board for Industrial and Financial Reconstruction (BIFR) Scheme by Income Tax Department without...
![No Additional Concession Could be Included in BIFR Scheme by Income Tax Dept without any Extension or Modification: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Additional-Concession-Included-in-BIFR-Scheme-Income-Tax-Dept-without-any-Extension-or-Modification-Delhi-HC-TAXSCAN.jpg "No Additional Concession Could be Included in BIFR Scheme by Income Tax Dept without any Extension or Modification: Delhi HC [Read Order]")
ATM Management Services Provided to Banks Not Liable to VAT as No Sale or Transfer of Ownership or Possession involved, only Service Tax Applies: Karnataka HC [Read Order]
The High Court of Karnataka has held that the Automated Teller Machine (ATM) Management Services provided by service provider companies to the banks are not liable to Value Added Tax (VAT) as there...
![ATM Management Services Provided to Banks Not Liable to VAT as No Sale or Transfer of Ownership or Possession involved, only Service Tax Applies: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ATM-Management-Services-ATM-Banks-Not-Liable-to-VAT-VAT-Transfer-of-Ownership-Possession-Service-Tax-Applies-Karnataka-High-Court-taxscan.jpg "ATM Management Services Provided to Banks Not Liable to VAT as No Sale or Transfer of Ownership or Possession involved, only Service Tax Applies: Karnataka HC [Read Order]")
Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the interest income earned from the scheduled banks would not be entitled to deduction under section 80P(2)(a)(i) or...
![Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-income-scheduled-bank-deduction-ITAT-income-tax-taxscan.jpg "Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")