How to Ensure Cash Gifts from Parents and Relatives Won’t Land you in Tax Trouble
Introduction In India, people love gifting various kinds of gifts to family, friends, and relatives to show their love and gratitude. It is an...
![Income Tax addition upheld without Application of Mind: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Addition-Upheld-taxscan.jpg "Income Tax addition upheld without Application of Mind: ITAT deletes Addition [Read Order]")
![Service Tax Would be Chargeable Only on Rent Collected from Leasing of Immovable Property: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/CESTAT-Immovable-Property-Leasing-of-Immovable-Property-taxscan.jpg "Service Tax Would be Chargeable Only on Rent Collected from Leasing of Immovable Property: CESTAT [Read Order]")
![ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-AO-stamp-duty-Letter-of-Allotment-I.T-Act-ITAT-directs-AO-to-consider-stamp-duty-value-taxscan.jpg "ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]")
Central Air Conditioning Plant, Lift, Electrical Fittings, and Fire Safety Extinguishers are Immovable Property, ineligible for ITC: AAAR
The Gujarat Appellate Authority for Advance Ruling (AAAR) observed that central air conditioning plant, lift, electrical fittings, and fire safety extinguishers are immovable property and are...
Service Tax Leviable only on Receiver of Service from Foreign Bank under “Banking and Other Financial Services”: CESTAT [Read Order]
The Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the service tax can be levied only on the service receiver from the foreign bank which falls under the...
![Service Tax Leviable only on Receiver of Service from Foreign Bank under “Banking and Other Financial Services”: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CESTAT-News-Excise-Customs-Service-Tax-CESTAT-Allahabad-Banking-Other-Financial-Services-Tax-News-TAXSCAN.jpg "Service Tax Leviable only on Receiver of Service from Foreign Bank under “Banking and Other Financial Services”: CESTAT [Read Order]")
Relief to Adani Enterprises: CESTAT sets aside Service Tax on Management Consultancy Services as POT not applicable to Period before POT Rules [Read Order]
In the case of Adani Enterprises, the Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal(CESTAT) set aside service tax on management consultancy services as to Point of...
![Relief to Adani Enterprises: CESTAT sets aside Service Tax on Management Consultancy Services as POT not applicable to Period before POT Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Relief-to-Adani-Enterprise-CESTAT-Service-Tax-Management-Consultancy-Services-POT-POT-Rules-taxscan.jpg "Relief to Adani Enterprises: CESTAT sets aside Service Tax on Management Consultancy Services as POT not applicable to Period before POT Rules [Read Order]")
ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has disallowed the indexed cost of acquisition and improvement on failure to produce conveyance deed. The assessee, Padmanabhan Mohan, was...
![ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-cost-of-Acquisition-cost-of-Acquisition-and-improvement-on-Failure-taxscan.jpg "ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]")
![CBIC Circulars are Binding on Service Tax Dept: Jharkhand HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CBIC-Circulars-Binding-Service-Tax-Dept-Jharkhand-HC-TAXSCAN.jpg "CBIC Circulars are Binding on Service Tax Dept: Jharkhand HC [Read Order]")
Electricity Supply Bundled with Property Rent or Maintenance Treated as Composite Supply, CBIC Clarifies [Read Circular]
Regarding the imposition of Goods and Services Tax (GST) on the provision of electricity by real estate firms, shopping malls, airport operators, and similar entities to their tenants or occupants,...
![Electricity Supply Bundled with Property Rent or Maintenance Treated as Composite Supply, CBIC Clarifies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/11/Electricity-Supply-Bundled-Property-Rent-Maintenance-Treated-Composite-Supply-CBIC-taxscan.jpg "Electricity Supply Bundled with Property Rent or Maintenance Treated as Composite Supply, CBIC Clarifies [Read Circular]")