LIC slapped with Staggering Rs.230 Crore Penalties by Tamil Nadu and Telangana GST Authorities
Life Insurance Corporation of India ( LIC ) was recently dealt with a heavy blow by the Tamil Nadu and Telangana Goods and Service Tax ( GST )...
![AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-AO-Income-Tax-Income-Tax-Rule-Assessing-Officer-Income-Tax-Appellate-Tribunal-taxpayer-taxpayers-claim-taxscan.webp "AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order]")
Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]
The Allahabad Bench of Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) verification of rectified deed holding that the rectified partnership deed could not be invalid...
![Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rectified-Partnership-Deed-Invalid-when-Stamp-Paper-was-issued-on-Prior-Date-ITAT-directs-AO-Verification-of-Rectified-Deed-TAXSCAN.jpg "Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]")
Central Govt to Reconsider allowing Listing of Domestic Companies in Overseas/ Foreign Exchanges Directly, Says Finance Ministry
The Central Government is reconsidering allowing the listing of domestic companies in foreign exchanges directly, says the Union Finance Minister Nirmala Sitharaman on friday. The Minister was...
Income Tax Addition for Cash Deposits not valid when Certificates from the Bank denies the existence of Bank Accounts: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that Income Tax Addition for Cash deposits is not valid when certificates from the Bank denies the existence of Bank accounts....
![Income Tax Addition for Cash Deposits not valid when Certificates from the Bank denies the existence of Bank Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-Cash-Deposits-Certificates-Bank-Accounts-ITAT-TAXSCAN.jpg "Income Tax Addition for Cash Deposits not valid when Certificates from the Bank denies the existence of Bank Accounts: ITAT [Read Order]")
Relief to HDFC: Bombay High Court quashes Income Tax Re-Assessment for want of Jurisdiction [Read Judgment]
A division bench of the Bombay High Court has invalidated a re-assessment order passed by the income tax department against HDFC Bank as the jurisdictional condition for invoking the power under...
![Relief to HDFC: Bombay High Court quashes Income Tax Re-Assessment for want of Jurisdiction [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-HDFC-Bombay-High-Court-Re-Assessment-Jurisdiction-taxscan.jpg "Relief to HDFC: Bombay High Court quashes Income Tax Re-Assessment for want of Jurisdiction [Read Judgment]")
MakeMyTrip not liable to deduct TDS from Payment Gateway Charges paid to Banks: Delhi HC deletes Addition of Rs. 12.5 Crores [Read Judgment]
In a significant ruling for online travel portals, the Delhi High Court has held that the assessee, Make My Trip was not liable to deduct TDS from the payment gateway charges paid to the Banks. The...
![MakeMyTrip not liable to deduct TDS from Payment Gateway Charges paid to Banks: Delhi HC deletes Addition of Rs. 12.5 Crores [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Make-my-trip.jpg "MakeMyTrip not liable to deduct TDS from Payment Gateway Charges paid to Banks: Delhi HC deletes Addition of Rs. 12.5 Crores [Read Judgment]")