![Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]")
Interest Earned on FD with Bank in relation to Export Business is Eligible for Deduction: Allahabad HC [Read Judgment]
In Shri Laxminarain Khetan v. ITO, a division bench of the Allahabad High Court held that the interest received on with the bank in order to avail...
![Rental Income from Letting out Shops in Mall is Income from Business not under the Head Income from House Property, says Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Malls-Rental-Income.jpg "Rental Income from Letting out Shops in Mall is Income from Business not under the Head Income from House Property, says Allahabad HC [Read Judgment]")
![‘Flavoured Milk’ is exempted under the UP Trade Tax Act: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/06/Flavoured-Milk-Amul-Kool-Coco.jpg "‘Flavoured Milk’ is exempted under the UP Trade Tax Act: Allahabad HC [Read Judgment]")
![Levy of Service Tax on Rented Property is Constitutional, says Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg "Levy of Service Tax on Rented Property is Constitutional, says Allahabad HC [Read Judgment]")
'Regasified Liquefied Natural Gas' supplied by GAIL is not Compressed Natural Gas, Taxable under UP VAT Act: Allahabad HC [Read Judgment]
In a significant ruling, the Allahabad High Court held that 'Regasified Liquefied Natural Gas ('RLNG') supplied by Gas Authority of India Ltd is not Compressed Natural Gas (CNG) so as to drive out it...
![Regasified Liquefied Natural Gas supplied by GAIL is not Compressed Natural Gas, Taxable under UP VAT Act: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Allahabad-High-Court-Taxscan.jpg "Regasified Liquefied Natural Gas supplied by GAIL is not Compressed Natural Gas, Taxable under UP VAT Act: Allahabad HC [Read Judgment]")
Manufacture of Steel Wires using Steel Rode attracts Tax under UP Trade Tax Act: Allahabad HC [Read Judgment]
The Allahabad High court, in Commissioner, Commercial Tax v. S/S Laxmi Wires Industrial Area, held that the process of manufacture of Steel wires using Steel Rode attracts tax liability under the...
![Manufacture of Steel Wires using Steel Rode attracts Tax under UP Trade Tax Act: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Steel-Wires.jpg "Manufacture of Steel Wires using Steel Rode attracts Tax under UP Trade Tax Act: Allahabad HC [Read Judgment]")
Sale Consideration of Equity Shares held by assessee for 16 years is ‘Long Term Capital Gain’, Not ‘Business Income’: Allahabad HC
Recently, in CIT v. M/S Jindal Poly Films Ltd, the division bench of the Allahabad High Court held that income received on the sale of Equity shares held by assessee for about 16 years is ‘Long Term...
AO cannot Make Addition for Investment in Stock Out of Undisclosed Sources if he does not Rejected the Books of Accounts: Allahabad HC
The division bench of the Allahabad High Court, in CIT & Anr v. M/S Pashupati Nath Agro Food Products Pvt. Ltd. Hardoi, observed that if the Assessing Officer (AO) has not rejected the books of...
Allahabad HC Finds a CA guilty for ‘Professional Misconduct’ for Presenting Forged Copies of Challans [Read Judgment]
Allahabad High Court enhances punishment to 5 years. A division bench of the Allahabad High Court confirmed punishment of a Chartered Accountant (CA) for presenting forged copies of Challans on...
