![Depreciation Claim u/s 32 Requires Fixed Assets to be used for Business Purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Depreciation-Claim-Requires-Fixed-Assets-to-be-used-for-Business-Purposes-ITAT-TAXSCAN.jpg "Depreciation Claim u/s 32 Requires Fixed Assets to be used for Business Purposes: ITAT [Read Order]")
Depreciation Claim u/s 32 Requires Fixed Assets to be used for Business Purposes: ITAT [Read Order]
The Bench of the Income Tax Appellate Tribunal (ITAT) recently held that the claim for depreciation under Section 32 of the Income Tax Act requires...
Gujarat HC quashed the Addition of Unexplained Income without Detailed Enquiry: SC upholds the Order of ITAT and AO [Read Order]
The Supreme Court of India in its recent judgement upheld the order of the Income Tax Appellate Tribunal (ITAT) and Assessing Officer (AO) since the court found that Gujarat High Court quashed the...
![Gujarat HC quashed the Addition of Unexplained Income without Detailed Enquiry: SC upholds the Order of ITAT and AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Gujarat-HC-quashed-the-Addition-of-Unexplained-Income-Gujarat-High-Court-Addition-of-Unexplained-Income-without-Detailed-Enquiry-Addition-of-Unexplained-Income-Unexplained-Income-Taxscan.jpg "Gujarat HC quashed the Addition of Unexplained Income without Detailed Enquiry: SC upholds the Order of ITAT and AO [Read Order]")
![Dept cannot retain Tax Deposited During Search Till Adjudication of Notice: Punjab and Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Dept-Tax-Deposited-Tax-Adjudication-of-Notice-Punjab-and-Haryana-Highcourt-taxscan.jpg "Dept cannot retain Tax Deposited During Search Till Adjudication of Notice: Punjab and Haryana HC [Read Order]")
Payment of Royalty for IPR Services not Taxable in India: CESTAT quashes Service Tax Demand [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed the service tax demand and ruled that the payment of royalty for Intellectual Property Rights (IPR)...
![Payment of Royalty for IPR Services not Taxable in India: CESTAT quashes Service Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-royalty-IPR-services-taxable-India-CESTAT-Service-Tax-Demand-TAXSCAN.jpg "Payment of Royalty for IPR Services not Taxable in India: CESTAT quashes Service Tax Demand [Read Order]")
Audit Lapses in SRS Limited: NFRA Imposes 3 Year Ban and Rs. 3 Lakh Penalty for Two Chartered Accountants
The auditor-regulator, the National Financial Reporting Authority (NFRA) has imposed a penalty of Three lakhs on the statutory auditor of now-de-listed company SRS Ltd, along with a three-year ban on...
