Gift IFSC Emerging as Dominant Gateway for Global Capital Inflows into India: Economic Survey 2023- 2024
Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-24 on July 22. Following the presentation, Chief Economic Adviser Dr. V....
![Relief to Air India: ITAT Upholds Order allowing Unusable Old Inventory of Spares and Parts as Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Air-India-ITAT-Old-Inventory-of-Spares-Parts-Loss-TAXSCAN.jpg "Relief to Air India: ITAT Upholds Order allowing Unusable Old Inventory of Spares and Parts as Loss [Read Order]")
![Supreme Court grants Reduction of Amount towards limited Compounding of Offence punishable u/s 135 of the Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Supreme-Court-Reduction-of-Amount-limited-Compounding-of-Offence-punishable-us-135-of-the-Customs-Act-Taxscan.jpg "Supreme Court grants Reduction of Amount towards limited Compounding of Offence punishable u/s 135 of the Customs Act [Read Order]")
![Section 206AA cannot be invoked when Tax Deducted according to beneficial provisions of DTAA: Delhi HC orders in favour of Air India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/tax-DTTA-Delhi-HC-Air-India-taxscan.jpg "Section 206AA cannot be invoked when Tax Deducted according to beneficial provisions of DTAA: Delhi HC orders in favour of Air India [Read Order]")
![Air India cannot be deemed as Assessee in Default in respect of payment to AIESL: ITAT directs fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Air-India-Assessee-in-Default-payment-AIESL-ITAT-fresh-Adjudication-taxscan.jpeg "Air India cannot be deemed as Assessee in Default in respect of payment to AIESL: ITAT directs fresh Adjudication [Read Order]")
Attempted Smuggling of Red Sanders: CESTAT grants Airport Authority of India an Opportunity to file Objection [Read Order]
In a small relief to the Airport Authority of India, the CESTAT, Chennai bench has granted an opportunity to file an objection against the penalty orders passed in connection with the recently...
![Attempted Smuggling of Red Sanders: CESTAT grants Airport Authority of India an Opportunity to file Objection [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Smuggling-Red-Sanders-CESTAT-Airport-Authority-of-India-file-Objection-taxscan.jpg "Attempted Smuggling of Red Sanders: CESTAT grants Airport Authority of India an Opportunity to file Objection [Read Order]")
No TDS payable by Air India for Transfer of Capital Asset under plan approved by Central Govt: CBDT [Read Notification]
The CBDT notified that Air India is not liable to deduct tax at source (TDS) for transfer of capital assets under a plan approved by the Central Government. “In exercise of the powers conferred by...
![No TDS payable by Air India for Transfer of Capital Asset under plan approved by Central Govt: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/TDS-Air-India-transfer-of-capital-asset-Central-Government-CBDT-Taxscan.jpeg "No TDS payable by Air India for Transfer of Capital Asset under plan approved by Central Govt: CBDT [Read Notification]")
![CBDT exempts Air India from Deducting TDS, TCS [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/CBDT-Air-India-TDS-TCS-Taxscan.jpg "CBDT exempts Air India from Deducting TDS, TCS [Read Notification]")
Full Bench of the Delhi HC to decide Whether Sales Tax can be levied on Sale of Scraps by Air India [Read Order]
A division bench of the Delhi High Court, on Tuesday, referred the matters relating to imposition of sales tax on the sale of unserviceable aircraft and unserviceable stores, scrap and spare parts by...
![Full Bench of the Delhi HC to decide Whether Sales Tax can be levied on Sale of Scraps by Air India [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Air-India-Taxscan.jpg "Full Bench of the Delhi HC to decide Whether Sales Tax can be levied on Sale of Scraps by Air India [Read Order]")