Name of Company cannot be Struck off when Company has Substantial movables as well as Immovable Assets: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that the name of the company cannot be struck off when the company has substantial...
![No ‘Proof of Receipt’ for Due Acknowledgement of Notice through Registered Post: CESTAT upholds the NCLT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Proof-of-Receipt-for-Due-Acknowledgement-Notice-through-Registered-Post-NCLT.jpg "No ‘Proof of Receipt’ for Due Acknowledgement of Notice through Registered Post: CESTAT upholds the NCLT Order [Read Order]")
![No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Addition-No-Addition-can-be-made-Disallowance-of-Capital-Loss-on-Account-Account-Disallowance-Capital-Loss-Way-of-Disallowance-Real-Ownership-of-Company-Ownership-of-Company-taxscan.jpg "No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]")
Expenses Incurred for Gifts to Customers by Company during Festivals Allowable u/s 37 of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the expenses incurred for gifts to customers by company during festivals would be allowable under Section 37 of the Income Tax...
![Expenses Incurred for Gifts to Customers by Company during Festivals Allowable u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Expenses-Incurred-for-Gifts-to-Customers-Company-during-Festivals-Allowable-us-37-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Expenses Incurred for Gifts to Customers by Company during Festivals Allowable u/s 37 of Income Tax Act: ITAT [Read Order]")
Addition made on Foreign Travelling Expenses of Non-Resident Indian Director for Looking Affairs of Company Shall not be disallowed: ITAT sets aside Order
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that addition made on foreign travelling expenses of non-resident Indian directors for looking at affairs of company should...
Company Eligible for Deduction of Foreign Travel Expenses of Employee and Relative of Director: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has allowed the assessee-Company deduction under section 37 of the Income Tax Act, 1961 in respect of foreign travel expenses of an employee,...
![Company Eligible for Deduction of Foreign Travel Expenses of Employee and Relative of Director: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Company-Deduction-Foreign-Travel-Expenses-Employee-Relative-of-Director-Employee-and-Relative-of-Director-ITAT-Income-Tax-taxscan.jpg "Company Eligible for Deduction of Foreign Travel Expenses of Employee and Relative of Director: ITAT [Read Order]")
Company Not Required to Service Tax under RCM on Rent paid to Directors for Leasing Out Premises in Their Individual Capacity: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that a company need not pay service tax on the rental amount paid to its directors who leased out the premises in...
![Company Not Required to Service Tax under RCM on Rent paid to Directors for Leasing Out Premises in Their Individual Capacity: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Company-Service-Tax-Tax-RCM-Directors-Individual-Capacity-CESTAT-Customs-Excise-Taxscan.jpg "Company Not Required to Service Tax under RCM on Rent paid to Directors for Leasing Out Premises in Their Individual Capacity: CESTAT [Read Order]")
![No Evidence to prove Assessee as Distribution Company: Calcutta HC upholds ITATs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Evidence-Distribution-Company-Company-Calcutta-High-Court-Taxscan.jpg "No Evidence to prove Assessee as Distribution Company: Calcutta HC upholds ITATs Order [Read Order]")
Action against Director u/s 179 only to be taken after failure of steps to Recover Income Tax Due by Company: Bombay HC [Read Order]
A Division Bench of the Bombay High Court has recently quashed impugned show cause notices and the order issued under Section 179 of the Income Tax Act, 1961, to the petitioner, as the said order did...
![Action against Director u/s 179 only to be taken after failure of steps to Recover Income Tax Due by Company: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Director-Recover-Income-Tax-Due-Company-Bombay-HC-TAXSCAN.jpg "Action against Director u/s 179 only to be taken after failure of steps to Recover Income Tax Due by Company: Bombay HC [Read Order]")