Income Tax Act

TDS on Purchase of Goods - Resident Seller - CBDT - Taxscan

Buyer to deduct TDS on Purchase of Goods from Resident Seller: CBDT issues Guidelines [Read Circular]

June 30, 2021

ITAT - Section 80P Deduction - Advocates Mutually Aided Co-op Societies despite Loans - Non-Agriculture Members - Taxscan

ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]

June 28, 2021

Section 80IA Deduction- single Industrial Unit- Madras High Court - taxscan

Section 80IA Deduction to be allowed to single Industrial Unit, all Units can’t be taken together: Madras HC [Read Judgment]

June 23, 2021

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LLP- Service Tax - Reverse Charge Mechanism- CESTAT - taxscan

LLPs not liable to pay Service Tax under Reverse Charge Mechanism: CESTAT [Read Order]

August 2, 2021

The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that a Limited Liability Partnership (LLP), being not a “Body Corporate” under section 2(7) Companies Act,2013, is not liable to pay service tax under the reverse charge mechanism (RCM). The appellant was rendering services including manpower supply up to 31 […]

Marketing & Advertising Services Provided by Starwood International to various Indian Hotels not taxable in India: ITAT [Read Order]

August 2, 2021

The Income Tax Appellate Tribunal (ITAT), Delhi bench, while allowing relief to Starwood (M) Intenrtinal Inc., held that the Company cannot be taxed for “Fee for Technical Services” for the marketing and advertising services provided to various Indian hotels. The assessee Company is incorporated in USA and carries on the business of providing various centralized […]

ITAT - Re-Assessment - SECL - Provision of Leave Encashment - Taxscan

ITAT quashes Re-Assessment against SECL disallowing Rs. 577 Lakhs towards Provision of Leave Encashment [Read Order]

August 2, 2021

The Income Tax Appellate Tribunal (ITAT), Raipur has recently quashed a re-assessment against the South-Eastern Coalfield Limited (SECL) wherein a claim of Rs. 577 Lakhs towards Provision of Leave Encashment was disallowed by the income tax department. The appellant-Company approached the Tribunal challenging the re-assessment order and the decision for re-adjudication of deduction of the […]

Capital Gain Deduction - Non-Registration of Conveyance Deed- ITAT - Taxscan

Capital Gain Deduction can’t be denied merely on ground of Non-Registration of Conveyance Deed: ITAT [Read Order]

August 2, 2021

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the benefit of capital gain deduction under section 54F of the Income Tax Act, 1961 cannot be denied to the assessee merely on the ground that the conveyance deed was not registered. The assessee, an individual, filed the income tax returns for the relevant […]

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LLPs not liable to pay Service Tax under Reverse Charge Mechanism: CESTAT [Read Order]

August 2, 2021

Marketing & Advertising Services Provided by Starwood International to various Indian Hotels not taxable in India: ITAT [Read Order]

August 2, 2021

ITAT quashes Re-Assessment against SECL disallowing Rs. 577 Lakhs towards Provision of Leave Encashment [Read Order]

August 2, 2021

Capital Gain Deduction can’t be denied merely on ground of Non-Registration of Conveyance Deed: ITAT [Read Order]

August 2, 2021

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