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GST Department Uncovers Massive Tax Fraud in Kerala: Scrap Sector Allegedly Conducts Rs 1,000 Crore Business with Fake GST Bills
An investigation by the GST Department uncovered a huge tax scam in Kerala. They looked into the scrap sector and found out that fake GST ( Goods and...
![Amounts Advanced for Business Transactions between shareholding entities not Deemed Dividend u/s 2(22)(e) of IT Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Business-Transactions-Shareholding-Entities-Income-Tax-Appellate-Tribunal-taxscan.jpg "Amounts Advanced for Business Transactions between shareholding entities not Deemed Dividend u/s 2(22)(e) of IT Act: ITAT deletes Addition [Read Order]")
![Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Business-Transactions-Income-Tax-ITAT-taxscan.jpg "Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]")
Amount received by Malayala Manorama from its Subsidiary Co.was part of Regular Business Transactions, Not Deemed Dividend: Kerala HC [Read Judgment]
In the case of The Commissioner of Income Tax and M/s Malayala Manorama Co. Ltd, Kerala High Court recently held that amount received from its subsidiary company cannot be treated as deemed dividend...
![Amount received by Malayala Manorama from its Subsidiary Co.was part of Regular Business Transactions, Not Deemed Dividend: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Malayala-Manorama-Taxscan.jpg "Amount received by Malayala Manorama from its Subsidiary Co.was part of Regular Business Transactions, Not Deemed Dividend: Kerala HC [Read Judgment]")