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![No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Lottery.jpg "No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]")
No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]
In Mahaveer Kumar Jain vs. Commissioner of Income Tax, the Supreme Court held that the income earned by the assessee from lottery prize cannot be...
![Interest from Share Application Money can be Set Off against Public Issue Expenses: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Interest from Share Application Money can be Set Off against Public Issue Expenses: Supreme Court [Read Judgment]")
![Penalty need not be deleted on mere ground that Quantum Appeal is admitted on a Substantial Question of Law: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Penalty-Bombay-High-Court-Taxscan.jpg "Penalty need not be deleted on mere ground that Quantum Appeal is admitted on a Substantial Question of Law: Bombay High Court [Read Order]")
![DVO Report Vital for Determination of Full Value of Consideration u/s 50C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/ITAT-Taxscan.jpg "DVO Report Vital for Determination of Full Value of Consideration u/s 50C: ITAT [Read Order]")
Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]
In the case of ACIT 3(1) versus M/s Mashal Hotels Pvt. Ltd, Indore bench of ITAT ruled that re-Assessment on the basis of DVO Report is valid since the original assessment was completed without...
![Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Re-Assessment.jpg "Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]")
![Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Quantification of Penalty depends on Addition made to Income of Assessee: ITAT [Read Order]")
![CIT(A) cannot Transfer Jurisdiction from one Assessing Officer to another: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/ITAT-Taxscan.jpg "CIT(A) cannot Transfer Jurisdiction from one Assessing Officer to another: ITAT [Read Order]")
Deemed Dividend is different from ‘Dividends’: Kerala HC denies Exemption as No Additional Income Tax was paid [Read Judgment]
A division bench of the Kerala High Court in T.J. Jaikish vs. The Commissioner of Income Tax held that Deemed Dividend is different from ‘dividends’ under section 115(O) of the Income Tax Act, 1961....
![Deemed Dividend is different from ‘Dividends’: Kerala HC denies Exemption as No Additional Income Tax was paid [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Deemed-Dividend-Kerala-High-Court-Taxscan.jpg "Deemed Dividend is different from ‘Dividends’: Kerala HC denies Exemption as No Additional Income Tax was paid [Read Judgment]")
