Data Sharing between Income Tax and GST Departments on an Automatic and Regular Basis would Generate More Revenue: Economic Survey Report 2023 [Read Report]
As per the Report of the Economic Survey, 2023, the data sharing between Income tax and GST departments on an automatic and regular basis would...
![Delhi HC quashes Proceedings against Chartered Accountant for Delay in Filing Complaint [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Delhi-High-Court-Chartered-Accountant-Filing-Complaint-by-ROC-ROC-Taxscan.jpg "Delhi HC quashes Proceedings against Chartered Accountant for Delay in Filing Complaint [Read Order]")
![Application under Companies Act against an order rejecting Waiver of Interest would fall under Direct Tax Vivad Se Vishwas Act: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Companies-act-Direct-Tax-Vivad-Se-Vishwas-Act-Delhi-High-Court-taxscan.jpeg "Application under Companies Act against an order rejecting Waiver of Interest would fall under Direct Tax Vivad Se Vishwas Act: Delhi High Court [Read Order]")
![Adjustment made by Chartered Accountant in revised Form No.29B while computing revised Book Profits u/s.115JB is in order: CESTAT direct AO to grant deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Adjustment-Chartered-Accountant-revised-Form-No.29B-Book-Profits-CESTAT-AO-deduction-Taxscan.jpg "Adjustment made by Chartered Accountant in revised Form No.29B while computing revised Book Profits u/s.115JB is in order: CESTAT direct AO to grant deduction [Read Order]")
GST: Appeal cannot be dismissed on Sole Ground of Non-Submission of Certified Order, rules Orissa HC [Read Order]
A division bench of the Orissa High Court has held that the GST appellate authority cannot dismiss an appeal merely on the technical ground that the certified order is not submitted along with the...
![GST: Appeal cannot be dismissed on Sole Ground of Non-Submission of Certified Order, rules Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/GST-Appeal-Non-Submission-Certified-Order-Taxscan.jpg "GST: Appeal cannot be dismissed on Sole Ground of Non-Submission of Certified Order, rules Orissa HC [Read Order]")
![Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Principal-component-lease-rental-revenue-expenditure-ITAT-taxscan-1.jpg "Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]")
30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that 30% depreciation is allowable to motor lorries in the business of transportation of goods on hire under the provisions of section...
![30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Motor-Lorries-Business-Transportation-of-Goods-Hire-ITAT-Taxscan.jpeg "30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]")
Disallowance of Excess Remuneration to Directors: ITAT holds Section 40 A(2)(b) can’t be invoked without Corroborative Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, has held that section 40 A(2)(b) can’t be invoked without corroborative evidence and set aside the order of the Commissioner of Income Tax...
![Disallowance of Excess Remuneration to Directors: ITAT holds Section 40 A(2)(b) can’t be invoked without Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-Excess-Remuneration-ITAT-corroborative-evidence-Taxscan.jpeg "Disallowance of Excess Remuneration to Directors: ITAT holds Section 40 A(2)(b) can’t be invoked without Corroborative Evidence [Read Order]")
No Priority for Payment of Tax Dues of State over other Secured Creditors u/s 529 of Companies Act: Rajasthan HC [Read Order]
The single bench of Rajasthan High Court has held that no priority for payment of tax dues of state over other secured creditors u/s 529 of Companies Act. The respondent, M/s. Punusumi India...
![No Priority for Payment of Tax Dues of State over other Secured Creditors u/s 529 of Companies Act: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Priority-Payment-of-Tax-State-Secured-Creditors-Companies-Act-Rajasthan-HC-Taxscan.jpeg "No Priority for Payment of Tax Dues of State over other Secured Creditors u/s 529 of Companies Act: Rajasthan HC [Read Order]")
MCA extends Time Gap between Two Board Meetings u/s 173 of Companies Act due to Resurgence of Covid-19 [Read Circular]
Due to the resurgence of Covid-19, the Ministry of Corporate Affairs (MCA) has extended the time period of mandatory board meetings under section 173 of the Companies Act, 2013. A circular issued...
![MCA extends Time Gap between Two Board Meetings u/s 173 of Companies Act due to Resurgence of Covid-19 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/05/MCA-Board-Meetings-Companies-Act-Covid-19-Taxscan.jpg "MCA extends Time Gap between Two Board Meetings u/s 173 of Companies Act due to Resurgence of Covid-19 [Read Circular]")
Artificial intelligence to be Used for Compliance under Companies Act: MCA introduces Chatbox to assist with Statutory Filings
In a move to incorporate technology and artificial intelligence into the compliances under the Companies Act, the Ministry of Corporate Affairs (MCA) building a new version of its compliance platform...
