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![No Relief to Nokia: Delhi HC upholds Initiation of Special Audit communicated by Letter with Terms of Reference [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Nokia-Taxscan.jpg "No Relief to Nokia: Delhi HC upholds Initiation of Special Audit communicated by Letter with Terms of Reference [Read Judgment]")
No Relief to Nokia: Delhi HC upholds Initiation of Special Audit communicated by Letter with Terms of Reference [Read Judgment]
In a major setback to M/s Nokia India Private Ltd, the Delhi High Court recently upheld special audit against the Company and ruled that the special...
![Transfer Charges, Non-Occupancy Charges etc collected by Co-operative Societies from Its Members are Exempt from Income Tax: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Transfer-Charges-Taxscan.jpg "Transfer Charges, Non-Occupancy Charges etc collected by Co-operative Societies from Its Members are Exempt from Income Tax: Supreme Court [Read Judgment]")
![Loss from F & O transaction is Speculative Loss, No Set Off since Amendment to s. 73 has Prospective Application: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Loss from F & O transaction is Speculative Loss, No Set Off since Amendment to s. 73 has Prospective Application: ITAT [Read Order]")
![CBDT releases Circular prescribing TDS from Salaries for the year 2017-18 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "CBDT releases Circular prescribing TDS from Salaries for the year 2017-18 [Read Circular]")
![Govt Launches 7.75% Savings (Taxable) Bonds Scheme for Individuals and HUF [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/07/Sovereign-Gold-Bonds-Scheme.jpg "Govt Launches 7.75% Savings (Taxable) Bonds Scheme for Individuals and HUF [Read Notification]")
ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that penalty under section 271(1)(c) of the Income Tax Act 1961 cannot be levied since non-offering of Long Term Capital Gain (LTCG)...
![ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]")
![Himachal Pradesh Computerization of Police Society Gets Tax relief from Govt [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/02/Tax-Relief.jpg "Himachal Pradesh Computerization of Police Society Gets Tax relief from Govt [Read Notification]")
Kolkata Port Trust is a ‘Local Authority’, not in the status of ‘Company’ for Income Tax Purpose, says ITAT [Read Order]
While dismissing the appeal of revenue Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that Kolkata port trust cannot be assessed in the status of ‘company’ for Income Tax purpose...
![Kolkata Port Trust is a ‘Local Authority’, not in the status of ‘Company’ for Income Tax Purpose, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Kolkata-Port-Trust-Taxscan.jpg "Kolkata Port Trust is a ‘Local Authority’, not in the status of ‘Company’ for Income Tax Purpose, says ITAT [Read Order]")
