Supreme Court refuses to Hear Plea challenging 45 Day MSE Payment Rule u/s 43B(h) of Income Tax Act
The Supreme Court refused to entertain a petition submitted by Micro and Small Enterprises ( MSEs ) challenging the 45-day payment rule outlined in...
![No Income Tax Deduction Allowable for Commission Payments Without Examination/Verification of Agreement between Payer and Dealers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Deduction-Income-Tax-Deduction-Commission-Payments-Commission-Examination-Verification-Agreement-between-Payer-and-Dealers-Payer-and-Dealers-ITAT-Taxscan.jpg "No Income Tax Deduction Allowable for Commission Payments Without Examination/Verification of Agreement between Payer and Dealers: ITAT [Read Order]")
![Fraudulent Refund by Increasing Deductions and Reducing Taxable Income is Fraud committed against Dept to Evade Income Tax: ITAT upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Fraudulent-Refund-Increasing-Deductions-and-Reducing-Taxable-Income-is-Fraud-committed-Dept-to-Evade-Income-Tax-ITAT-Upholds-Penalty-TAXSCAN.jpg "Fraudulent Refund by Increasing Deductions and Reducing Taxable Income is Fraud committed against Dept to Evade Income Tax: ITAT upholds Penalty [Read Order]")
![No Deduction of TDS for Reimbursement of Salary Cost for Seconded Employees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-TDS-Reimbursement-Salary-Cost-Salary-Seconded-Employees-ITAT-taxscan.jpg "No Deduction of TDS for Reimbursement of Salary Cost for Seconded Employees: ITAT [Read Order]")
![NFAC cannot Deny Deductions Claimed in Appeal for want of Revised Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/NFAC-Deductions-Claim-Appeal-Revised-Return-ITAT-Income-Tax-Tax-taxscan.jpg "NFAC cannot Deny Deductions Claimed in Appeal for want of Revised Return: ITAT [Read Order]")
![Eligible Deductions cannot be Disallowed Merely on Ground of Technicalities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deductions-Technicalities-ITAT-Income-Tax-Tax-Taxscan.jpg "Eligible Deductions cannot be Disallowed Merely on Ground of Technicalities: ITAT [Read Order]")
More than one Property under Capital Gain could get Deduction u/s 54 of Income Tax Act: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that more than one property under the heads of capital gain would get a deduction Under Section 54 of Income Tax Act...
![More than one Property under Capital Gain could get Deduction u/s 54 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/More-than-one-Property-Capital-Gain-Deduction-us-54-Income-Tax-Act-ITAT.jpg "More than one Property under Capital Gain could get Deduction u/s 54 of Income Tax Act: ITAT [Read Order]")
Foreign Exchange Gain on Acquisition of Fixed Assets is allowable as Deduction as per Section 43A: ITAT grants relief to Vi [Read Order]
As a relief to Vodafone Idea ltd, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Foreign Exchange Gain on the acquisition of fixed assets is allowable as deduction as...
![Foreign Exchange Gain on Acquisition of Fixed Assets is allowable as Deduction as per Section 43A: ITAT grants relief to Vi [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Foreign-Exchange-Gain-Fixed-Assets-Deduction-ITAT-Vi-ITAT-grants-relief-to-Vi-Income-Tax-Taxscan.jpg "Foreign Exchange Gain on Acquisition of Fixed Assets is allowable as Deduction as per Section 43A: ITAT grants relief to Vi [Read Order]")
GST: Jammu & Kashmir Govt Issues Guidelines for Deductions and Deposits of TDS by the DDOs [Read Circular]
The Finance department, Jammu, and Kashmir has issued a circular laying down the norms for Deductions and Deposits of TDS by the DDOs under Goods and Services Tax Law. The department have noticed...
![GST: Jammu & Kashmir Govt Issues Guidelines for Deductions and Deposits of TDS by the DDOs [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/09/GST-Jammu-Kashmir-Govt-Deductions-Deposits-TDS-DDOs-taxscan-1.jpeg "GST: Jammu & Kashmir Govt Issues Guidelines for Deductions and Deposits of TDS by the DDOs [Read Circular]")