![No Service Tax on Notice Pay Recovery by Employer from Employee: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/01/Notice-Pay-Recovery-Salary-No-Service-Tax-Employer-Employee-Madras-High-Court-Taxscan.jpg "No Service Tax on Notice Pay Recovery by Employer from Employee: Madras HC [Read Judgment]")
No Service Tax on Notice Pay Recovery by Employer from Employee: Madras HC [Read Judgment]
The Madras High Court has ruled that the amount received by an employee from the employer on premature termination of the contract/notice pay recovery...
![Pendency of Representation Filed by Assessee not a bar to issuing Pre-revision Notices by Department: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/11/Reassessment-Madras-High-Court-Taxscan.jpg "Pendency of Representation Filed by Assessee not a bar to issuing Pre-revision Notices by Department: Madras HC [Read Judgment]")
![Madras High Court allows Transitional Credit of Education Cess, SHE Cess and Krishi Kalyan Cess into GST [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/11/Krishi-Kalyan-Cess-GST-Taxscan.jpg "Madras High Court allows Transitional Credit of Education Cess, SHE Cess and Krishi Kalyan Cess into GST [Read Judgment]")
![Non Co-operation of Assessee not ground to justify Assessment: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/12/Property-Tax-Madras-High-Court-Taxscan.jpg "Non Co-operation of Assessee not ground to justify Assessment: Madras High Court [Read Judgment]")
Lack of Mensrea is not a bar to Impose Penalty on the Custodian of an Illicitely Exported Goods: Madras HC [Read Judgment]
The division bench of Madras High Court in M/s. Sanco Trans Ltd vs The Customs, Excise and Service Tax Appellate Tribunal, South Zonal Bench, held that, Any knowledge on the part of the custodian of...
Bad Debt of NBFC is Deductible under Income Tax Act though the Assessee maintains Two Seperate Set of Books: Madras HC [Read Judgment]
The division bench of Madras High Court has held that, Bad Debt of NBFC is Deductible from Computing the Income under Income Tax Act though the Assessee maintains Two Seperate Set of Books. The...
![Bad Debt of NBFC is Deductible under Income Tax Act though the Assessee maintains Two Seperate Set of Books: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Bad-Debt-Taxscan.jpg "Bad Debt of NBFC is Deductible under Income Tax Act though the Assessee maintains Two Seperate Set of Books: Madras HC [Read Judgment]")
Interest on Amount Borrowed for declaring Dividend is Deductible from Income Tax even in the Absence of Profit Reserve: Madras HC [Read Judgment]
In a recent Judgment, a division bench of Madras High Court has held that, the interest on the amount borrowed for declaring dividend was allowable as deduction under section 36(1)(iii) of the Income...
![Interest on Amount Borrowed for declaring Dividend is Deductible from Income Tax even in the Absence of Profit Reserve: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Interest on Amount Borrowed for declaring Dividend is Deductible from Income Tax even in the Absence of Profit Reserve: Madras HC [Read Judgment]")