![IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Alcohol-Liquor-Taxscan.jpg "IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: ITAT [Read Order]")
IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s Savitri Devi v. DCIT held that there is no violation of the Income Tax Rules in...
![Exclusion of Chartered Accountants from Valuation of Unquoted Shares: ICAI submits Representation to Fin Min [Read Representation]](https://www.taxscan.in/wp-content/uploads/2018/05/Chartered-Accountants-ICAI-Taxscan.jpg "Exclusion of Chartered Accountants from Valuation of Unquoted Shares: ICAI submits Representation to Fin Min [Read Representation]")
![CBDT releases Draft Notification Amending Income Tax Rules for Improving Transparency in Tax Rulings: Invites Suggestions [Read Draft Notification]](https://www.taxscan.in/wp-content/uploads/2016/06/Central-Board-of-Direct-Taxes-CBDT-Tax-Scan.jpg "CBDT releases Draft Notification Amending Income Tax Rules for Improving Transparency in Tax Rulings: Invites Suggestions [Read Draft Notification]")
![CBDT releases Draft Notification to Amend Income Tax Rules, 1962 [Read Draft Notification]](https://www.taxscan.in/wp-content/uploads/2018/02/CBDT-Taxscan.jpg "CBDT releases Draft Notification to Amend Income Tax Rules, 1962 [Read Draft Notification]")
![Govt Amends Income Tax Rules, Withdraws Exemption of Transport Allowance of Rs. 1,600 pm [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/04/Transport-allowance-Taxscan.jpg "Govt Amends Income Tax Rules, Withdraws Exemption of Transport Allowance of Rs. 1,600 pm [Read Notification]")
Indian Reporting Financial Institutions reporting pre-existing accounts should Ensure Reporting of U.S. TIN from 2017 onwards: CBDT
India and USA have signed the Inter-Governmental Agreement (IGA) under FATCA in 2015. To enhance the effectiveness of information exchange and transparency, both the sides committed to establish, by...
CBDT amends Income Tax rules; PAN of Authors/Founders/Trustees/Managers in Form No.10A is Mandatory [Read Notification]
The Central Board of Direct Taxes, Ministry of Finance through a recent notification, made a significant amendment in the Income Tax rules, mandating details of the Authors/Founders/Trustees/...
Revenue cannot verify the Claim of Deduction already approved by the prescribed Authority under Income Tax Rules; Gujarat HC
The Division Bench of Gujarat High Court in a recent ruling held that once the prescribed authority grants approval for deduction under income tax rules, the revenue cannot verify its conditions. The...
