![Excise Duty cannot be Levied by State on Alcohol which is not Fit for Human Consumption: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Excise-Duty-State-Human-Consumption-Supreme-Court-taxscan.jpg "Excise Duty cannot be Levied by State on Alcohol which is not Fit for Human Consumption: Supreme Court [Read Judgment]")
Excise Duty cannot be Levied by State on Alcohol which is not Fit for Human Consumption: Supreme Court [Read Judgment]
The Supreme Court observed that States have power to levy excise duty only in respect of the alcoholic liquor for human consumption. Alcoholic...
![Jharkhand HC stays Levy of GST under RCM on amount of Royalty, District Mineral Fund Contribution paid on Minor Mineral Lease [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Jharkhand-High-Court-Levy-GST-RCM-Amount-of-Royalty-District-Mineral-Fund-Contribution-paid-Minor-mineral-lease-District-Mineral-Fund-Contribution-Taxscan.jpg "Jharkhand HC stays Levy of GST under RCM on amount of Royalty, District Mineral Fund Contribution paid on Minor Mineral Lease [Read Order]")
Bombay HC allows Deduction on Interest Paid on amount borrowed for purpose of machinery even if machinery is not actually used in Business [Read Order]
The Bombay High Court allowed the deduction on interest paid on the amount borrowed for the purpose of machinery even if machinery is not actually used in business. The revenue has raised the...
![Bombay HC allows Deduction on Interest Paid on amount borrowed for purpose of machinery even if machinery is not actually used in Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/BOMBAY-HIGH-COURT-INTEREST-MACHINERY-TAXSCAN.jpg "Bombay HC allows Deduction on Interest Paid on amount borrowed for purpose of machinery even if machinery is not actually used in Business [Read Order]")
Section 14A Disallowance not maintainable merely on failure to Maintain Separate Accounts for Expenditures Incurred for Tax-Free Income: SC grants relief to South Indian Bank
In a relief to South Indian Bank, the Apex Court held that the Section 14A Disallowance is not maintainable merely on the failure of Assessee to Maintain Separate Accounts For Expenditures Incurred...
CA Exams July 2021: Supreme Court adjourns hearing till Tomorrow, ICAI issues Note [Read Highlights of ICAI Note]
The Apex Court presiding over the plea regarding the postponement of the upcoming ICAI CA exams 2021 has been adjourned by the Supreme Court till Tuesday i.e. 29 June, 2021. The petition was filed...
ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench allowed the Deduction under Section 80P of the Income Tax Act, 1961 to Co-operative Societies despite Loans to Non-Agriculture Members....
![ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-Section-80P-Deduction-Advocates-Mutually-Aided-Co-op-Societies-despite-Loans-Non-Agriculture-Members-Taxscan.jpg "ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]")
Amendments in Companies Act in 2018 regarding Disqualification of Directors are Valid with Retrospective Effect: Kerala HC [Read Judgment]
The Kerala High Court, ruled that the amendments made in the Companies Act inserting the provisions mandating Vacation of Directorship are valid and are not retrospectively applicable. The...
