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  • Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]
  • Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]
  • Amount paid by Purchaser of Property to Tenant can’t be taxed in the Capital Asset of Owner: ITAT [Read Order]
  • No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]
  • Refractories for Re-lining of Furnaces is Capital Goods: CESTAT allows Customs Duty Exemption under EPCG Scheme [Read Order]

Mahatma Gandhi University

taxpayer - Excise Duty - CESTAT - Mahatma Gandhi University- Mg - Taxscan
Burden of Proof lies on Revenue to prove intention of Taxpayer to evade Excise Duty: CESTAT grants relief to Mahatma Gandhi University [Read Order]
September 13, 2021
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    • In a major relief to those who are yet to receive long-pending insurance claims with interest, the Punjab and Haryana High Court has held that TDS cannot be deducted by the insurance companies on the interest on the compensation amount till 1.06.2015. Justice Arvind Singh Sangwan was considering a revision petition by  the New India […]
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