![Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Madras-High-Court-Income-Tax-Arrears-Taxscan.jpg "Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]")
Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]
The Madras High Court while dismissing a plea challenging Alternation of charges on persons accused of non-payment of Income Tax arrears held that...
![Relief to Daawat Foods: ITAT allows Depreciation on Capital Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Daawat-Foods-ITAT-capital-expenditure-Taxscan.jpg "Relief to Daawat Foods: ITAT allows Depreciation on Capital Expenditure [Read Order]")
![Lease Holders Expenses are not liable to be Capitalized: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Lease-holders-expenses-capitalized-ITAT-Taxscan.jpg "Lease Holders Expenses are not liable to be Capitalized: ITAT deletes Addition [Read Order]")
![GST: Activities of Supply, Installation, Operation, Maintenance of Greenfield Public Street Lighting System not classifiable as Works Contract Services, rules AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/GST-Activities-of-supply-installation-operation-maintenance-of-Greenfield-Public-Street-Lighting-System-Works-Contract-Services-AAR-Taxscan.jpeg "GST: Activities of Supply, Installation, Operation, Maintenance of Greenfield Public Street Lighting System not classifiable as Works Contract Services, rules AAR [Read Order]")
![Capital Subsidy received on 90% of Project Capital Expenditure liable to GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Capital-Subsidy-Project-Capital-Expenditure-GST-AAR-Taxscan.jpg "Capital Subsidy received on 90% of Project Capital Expenditure liable to GST: AAR [Read Order]")
GST: Co-Housing Societies can’t avail Input Tax Credit on Lift Installation Charges, rules AAAR [Read Order]
The Maharashtra Appellate Authority of Advance Ruling (AAAR) while upholding the AAR’s ruling held that the Co-Housing Societies can not avail Input Tax Credit (ITC) on lift installation charges. ...
![GST: Co-Housing Societies can’t avail Input Tax Credit on Lift Installation Charges, rules AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/GST-Co-Housing-Societies-Input-Tax-Credit-Lift-Installation-Charges-AAAR-Taxscan.jpeg "GST: Co-Housing Societies can’t avail Input Tax Credit on Lift Installation Charges, rules AAAR [Read Order]")
Royalty paid for Technical Know-How or Licence for manufacturing/sale is Capital Expenditure: Karnataka High Court [Read Judgment]
The Karnataka High Court held that the royalty paid for technical know-how or licence for manufacturing/sale is capital expenditure. The assessee, Telco Construction is a company engaged in the...
![Royalty paid for Technical Know-How or Licence for manufacturing/sale is Capital Expenditure: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Royalty-licence-for-manufacturing-capital-expenditure-Karnataka-High-Court-Taxscan.jpg "Royalty paid for Technical Know-How or Licence for manufacturing/sale is Capital Expenditure: Karnataka High Court [Read Judgment]")
Madras High Court disallows Interest and Additional Expenditure incurred on account of Exchange Fluctuation [Read Judgment]
The Madras High Court while upholding the order of the tribunal disallowed interest and additional expenditure incurred on account of exchange fluctuation. The assessee, M/s.Continuum Wind Energe...
![Madras High Court disallows Interest and Additional Expenditure incurred on account of Exchange Fluctuation [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Madras-High-Court-disallows-Interest-Additional-Expenditure-incurred-account-Exchange-Fluctuation-Taxscan-1.jpeg "Madras High Court disallows Interest and Additional Expenditure incurred on account of Exchange Fluctuation [Read Judgment]")
![No ITC can be claimed on Lift Installation Charges: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Lift-Installation-Charges-ITC-AAAR-Taxscan.jpg "No ITC can be claimed on Lift Installation Charges: AAAR [Read Order]")
Forfeiture of Security Deposit shall be treated as Capital Loss: ITAT grants relief to Ebony Retail [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while upholding the order passed by the CIT(A) held that disallowance made on account of forfeiture of security deposit being treated as capital...
![Forfeiture of Security Deposit shall be treated as Capital Loss: ITAT grants relief to Ebony Retail [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-forfeiture-Security-Deposit-Taxscan.jpg "Forfeiture of Security Deposit shall be treated as Capital Loss: ITAT grants relief to Ebony Retail [Read Order]")
Assets brought into existence for enduring benefit of business to be treated as Capital Expenditure & not Revenue Expenditure: Karnataka HC
The Karnataka High Court while upholding the order of the tribunal held that asset was brought into existence for the enduring benefit of the business and therefore, the same has to be treated as...
Mahindra & Mahindra entitled for Depreciation on Capital Expenditure of Exchange Fluctuation Loss: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai ruled that Mahindra & Mahindra is entitled to depreciation on Capital Expenditure of exchange fluctuation loss. The assessee, Mahindra &...
![Mahindra & Mahindra entitled for Depreciation on Capital Expenditure of Exchange Fluctuation Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Mahindra-Mahindra-Income-Tax-Taxscan.jpg "Mahindra & Mahindra entitled for Depreciation on Capital Expenditure of Exchange Fluctuation Loss: ITAT [Read Order]")