![Legal and Professional Expenses incurred to Defend Criminal Charges against Directors of Company allowable as Business Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Legal-and-Professional-Expenses-Defend-Criminal-Charges-Directors-Company-allowable-Business-Expenses-ITAT-Taxscan.jpeg "Legal and Professional Expenses incurred to Defend Criminal Charges against Directors of Company allowable as Business Expenses: ITAT [Read Order]")
Legal and Professional Expenses incurred to Defend Criminal Charges against Directors of Company allowable as Business Expenses: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that these expenses incurred on legal, professional, travelling and boarding...
![Completion of Construction irrelevant to Apply S. 54F: ITAT allows Capital Gain exemption since Sale Deed was Registered within Prescribed Time [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Completion-Construction-irrelevant-ITAT-Capital-Gain-exemption-Sale-Deed-Registered-Prescribed-Time-Taxscan.jpeg "Completion of Construction irrelevant to Apply S. 54F: ITAT allows Capital Gain exemption since Sale Deed was Registered within Prescribed Time [Read Order]")
![12% GST on Works Contract executed for Construction of Administrative Building for TSIIC: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/GST-Works-Contract-construction-Administrative-building-TSIIC-AAR-Taxscan.jpeg "12% GST on Works Contract executed for Construction of Administrative Building for TSIIC: AAR [Read Order]")
![Builder eligible for Service Tax Refund on Refund to Customers on cancellation of Sale of Flats: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CESTAT-Delhi-Service-Tax-Refund-Builder-Service-Tax-Refund-Customers-cancellation-Sale-of-Flats-CESTAT-Taxscan.jpg "Builder eligible for Service Tax Refund on Refund to Customers on cancellation of Sale of Flats: CESTAT [Read Order]")
18% GST payable on Services of Works Contract for Irrigation, Construction Work supplied by Sub-sub Contractor to Sub-Contractor: AAR [Read Order]
The Gujarat Authority of Advance Ruling (AAR) held that 18% GST payable on services of works contract for irrigation, construction work supplied by sub-sub contractor to sub-contractor. The...
![18% GST payable on Services of Works Contract for Irrigation, Construction Work supplied by Sub-sub Contractor to Sub-Contractor: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/services-of-works-contract-GST-AAR-Taxscan.jpeg "18% GST payable on Services of Works Contract for Irrigation, Construction Work supplied by Sub-sub Contractor to Sub-Contractor: AAR [Read Order]")
Deduction u/s 54 can’t be denied for non-completion of construction of new residential house within 3 years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the deduction under Section 54 can not be denied for non-completion of construction of a new residential house within 3 years. ...
![Deduction u/s 54 can’t be denied for non-completion of construction of new residential house within 3 years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Deduction-construction-residential-house-ITAT-Taxscan.jpg "Deduction u/s 54 can’t be denied for non-completion of construction of new residential house within 3 years: ITAT [Read Order]")
‘Construction of a Complex intended for Sale to a Buyer’ is covered under ‘Construction Services’, GST applicable: AAR [Read Order]
The Gujarat Authority of Advance Ruling (AAR) ruled that the activity of the sale of developed plots would be covered under the clause ‘construction of a complex intended for sale to a buyer’, so this...
![‘Construction of a Complex intended for Sale to a Buyer’ is covered under ‘Construction Services’, GST applicable: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Gujarat-AAR-construction-Taxscan.jpg "‘Construction of a Complex intended for Sale to a Buyer’ is covered under ‘Construction Services’, GST applicable: AAR [Read Order]")
No Wealth Tax If Assessee used Building for Construction / Set Up of Office and Service Centre: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) in Dongfang Electric (India) P Ltd vs. DCWT ruled that No Wealth Tax if Assessee used the building for construction or set up of office and...
![No Wealth Tax If Assessee used Building for Construction / Set Up of Office and Service Centre: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "No Wealth Tax If Assessee used Building for Construction / Set Up of Office and Service Centre: ITAT [Read Order]")
Deduction U/S 80-IB is allowable to Builder even If Construction is not according to the Approved Plan: Bombay HC [Read Judgment]
A two-judge bench of the Bombay High Court, in The Commissioner of Income Tax, Valsad v. M/s. C. N. Builders & Developers held that the deduction under section 80-IB is available to the...
![Deduction U/S 80-IB is allowable to Builder even If Construction is not according to the Approved Plan: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/06/Builders-and-Developers.jpg "Deduction U/S 80-IB is allowable to Builder even If Construction is not according to the Approved Plan: Bombay HC [Read Judgment]")