![No Income Tax for notional interest on the security deposit paid by the employer on behalf of employee to Flat owner; ITAT Mumbai [Read Order]](/images/placeholder.jpg "No Income Tax for notional interest on the security deposit paid by the employer on behalf of employee to Flat owner; ITAT Mumbai [Read Order]")
No Income Tax for notional interest on the security deposit paid by the employer on behalf of employee to Flat owner; ITAT Mumbai [Read Order]
In a recent ruling of Income Tax Appellate Tribunal (ITAT) Mumbai has held that Income Tax cannot be levied from Assessee for the notional interest on...
Expenditure incurred by an Assessee after the expiry of the Life Span of a Machinery, for the Purpose of expanding its Life Span, Could be Treated as a Revenue Expenditure: Madras HC [Read Judgment]
The Madras High Court division bench comprising Justice V.Ramasubramanian and Justice T.Mathivanan recently held that the expenditure incurred by an assessee after the expiry of the life span of...
![CBDT releases draft rules for grant of Foreign Tax Credit [DOWNLOAD DRAFT RULES]](https://www.taxscan.in/wp-content/uploads/2016/06/Income-Tax.jpg "CBDT releases draft rules for grant of Foreign Tax Credit [DOWNLOAD DRAFT RULES]")
Tax panel suggests 6% equalisation levy on specified digital services; Report examines the Business Models for E-Commerce [DOWNLOAD REPORT]
Recently, the Committee on taxation of E-Commerce has released its report. The committee was formed with an aim to examine the tax panel issues arising from the new business models employed in the...
![Tax panel suggests 6% equalisation levy on specified digital services; Report examines the Business Models for E-Commerce [DOWNLOAD REPORT]](https://www.taxscan.in/wp-content/uploads/2016/03/e-commerce.jpg "Tax panel suggests 6% equalisation levy on specified digital services; Report examines the Business Models for E-Commerce [DOWNLOAD REPORT]")
“The Reasons for Reopening of an Assessment, have to be Confined in the Impugned Order rather than Improving by Filing Subsequent Affidavits”: Delhi HC [DOWNLOAD JUDGMENT]
The Delhi High Court on 22.02.2016 has quashed the notice issued by the DCIT enclosing the reasons for reopening the assessment made against the petitioners, M/s Munjal Showa. M/s Munjal Showa is a...
