![CBDT issues Clarification on MFN clause in Protocol to Indias DTAAs with certain Countries [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/02/CBDT-DTAA-MFN-Taxscan.jpg "CBDT issues Clarification on MFN clause in Protocol to Indias DTAAs with certain Countries [Read Circular]")
CBDT issues Clarification on MFN clause in Protocol to India's DTAAs with certain Countries [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued the clarification regarding MFN clauses in Protocol to India's DTAAs with certain countries. ...
![ITAT deletes Addition of Profits from Suppressed of Sales, on account of Unpaid Service Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Addition-ITAT-Profits-Sales-Unpaid-service-tax-liability-Service-tax-Tax-Tax-liability-Taxscan.jpeg "ITAT deletes Addition of Profits from Suppressed of Sales, on account of Unpaid Service Tax Liability [Read Order]")
Budget 2022: No TDS on Transfer of Immovable Property If Consideration paid or Stamp Duty Value are both less than Rs. 50 Lakhs
The Finance Bill 2022 stated that no TDS on Transfer of Immovable Property if Consideration paid or Stamp Duty Value are both less than Rs. 50 Lakhs. Section 194-IA of the Act provides for...
Budget 2022: Any Surcharge/Cess shall be treated as Tax, Business Expenditure shall not be allowed w.e.f 1st April 2005 [Read Finance Bill]
The Union Budget 2022 has clarified the treatment of surcharge and cess and stated that the same shall be treated as tax and therefore, no deduction shall be allowed as business expenditures. While...
Setback to Pharma Companies: Freebies to Doctors are Ilegal, No Deduction allowed, clarifies Finance Bill, 2022
In a major setback to the pharma companies, the Finance Bill, 2022 clarified that the gifts and freebies to doctors shall not be treated as business expenditure under section 37 of the Income Tax...
Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]
The Finance Bill, 2022 introduced to the Parliament by the Union Finance Minister Nirmala Sitharaman proposed to empower the Central Board of Direct taxes (CBDT) to provide relaxations to the...
![Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-budgetscan-budgetwithtaxscan-budgetsession-Penalty-Non-filing-Income-Tax-Returns-Finance-Bill-CBDT-genuine-Hardships-persons-Taxscan.jpg "Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]")
Order of CIT(E) without hearing Assessee during Pandemic Period violative of Natural Justice and is Invalid: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while quashing an order of the Commissioner of Income Tax (Exemptions), held that an order passed without giving the assessee an...
![Order of CIT(E) without hearing Assessee during Pandemic Period violative of Natural Justice and is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Pandemic-Period-ITAT-Natural-Justice-Assessee-Taxscan.jpg "Order of CIT(E) without hearing Assessee during Pandemic Period violative of Natural Justice and is Invalid: ITAT [Read Order]")
![Doctrine of stare decisis applies to NCLT, NCLAT, rules NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Company-Law-Corporate-Debtor-Doctrine-of-stare-decisis-NCLT-NCLAT-Taxscan.jpg "Doctrine of stare decisis applies to NCLT, NCLAT, rules NCLAT [Read Order]")
