Income Tax: Investment do not lose their ‘Capital’ Nature merely because Purchase was made with an Intention to Resell, rules Calcutta HC
In a recent ruling, the Calcutta High Court has held that the capital investment and resale do not lose their capital nature merely because the said...
![Cenvat Credit allowable Pharma Companies on Service Tax paid to Commission Agents for Sales Promotion: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cenvat-Credit-Pharma-Companies-Service-Tax-paid-to-Commission-Agents-Sales-Promotion-Calcutta-High-Court-taxscan.jpeg "Cenvat Credit allowable Pharma Companies on Service Tax paid to Commission Agents for Sales Promotion: Calcutta HC [Read Order]")
![Income Tax Law does not allow Assessee to resort under the Garb of Reimbursement to avoid TDS: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Law-Garb-of-Reimbursement-TDS-Calcutta-High-Court-Taxscan.jpg "Income Tax Law does not allow Assessee to resort under the Garb of Reimbursement to avoid TDS: Calcutta HC [Read Order]")
![Income Tax Appeal cannot be dismissed on Technical Grounds If Substantial Question to be Answered: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Appeal-Technical-Grounds-Calcutta-HighCourt.jpeg "Income Tax Appeal cannot be dismissed on Technical Grounds If Substantial Question to be Answered: Calcutta HC [Read Order]")
![NRI liable for TDS deduction can’t be expected to apply the expanded definition of Royalty when such Explanation was not actually, factually in the Statute: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/NRI-TDS-deduction-royalty-Explanation-statute-Calcutta-High-Court-Taxscan.jpg "NRI liable for TDS deduction can’t be expected to apply the expanded definition of Royalty when such Explanation was not actually, factually in the Statute: Calcutta HC [Read Order]")
![Calcutta High Court deletes disallowance on account of Slump Sale of Chemical Undertaking [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Calcutta-High-Court-Slump-Sale-Taxscan.jpg "Calcutta High Court deletes disallowance on account of Slump Sale of Chemical Undertaking [Read Order]")
GST Authorities can initiate Inquiry u/s 70 with proceedings u/s Section 6(2)(b): Madras High Court [Read Judgment]
The Madras High court held that the GST Authorities can initiate inquiry under section 70 with proceedings under section 6(2)(b) of the CGST Act. The appellant, Kuppan Gounder P.G.Natarajan is the...
![GST Authorities can initiate Inquiry u/s 70 with proceedings u/s Section 6(2)(b): Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/09/GST-Authorities-Madras-High-Court-Taxscan.jpeg "GST Authorities can initiate Inquiry u/s 70 with proceedings u/s Section 6(2)(b): Madras High Court [Read Judgment]")
Provisions of section 115JB are applicable to Insurance companies w.e.f April 1, 2003: Madras High Court [Read Judgment]
The Madras High Court held that provisions of section 115JB is applicable on Insurance companies w.e.f April 1, 2003. The revenue pointed out the error in the order passed by the Tribunal while...
![Provisions of section 115JB are applicable to Insurance companies w.e.f April 1, 2003: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Provisions-of-section-115JB-Insurance-companies-Madras-High-Court-Taxscan.jpg "Provisions of section 115JB are applicable to Insurance companies w.e.f April 1, 2003: Madras High Court [Read Judgment]")
![Tribunal failed in calculating Undisclosed Income on the basis of Evidence: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Tribunal-undisclosed-income-Madras-High-Court-Taxscan.jpg "Tribunal failed in calculating Undisclosed Income on the basis of Evidence: Madras High Court [Read Order]")
Madras HC affirms Deemed Dividend to be assessed in the hands of the Shareholder and not in the hands of the Firm [Read Judgment]
The Madras High Court while upholding the order passed by the Tribunal held that the deemed dividend under Section 2(22) (e) is to be assessed in the hands of the shareholder and not in the hands of...
![Madras HC affirms Deemed Dividend to be assessed in the hands of the Shareholder and not in the hands of the Firm [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/deemed-dividend-assessed-Taxscan.jpg "Madras HC affirms Deemed Dividend to be assessed in the hands of the Shareholder and not in the hands of the Firm [Read Judgment]")
Activity of sieving to separate dust particles is ‘manufacture’ under the SEZ Act, 2005: Madras HC [Read Order]
The Madras High Court while upholding the decision of the CIT(A) and Tribunal held that the Activity of sieving to separate dust particles is ‘manufacture’ under the SEZ Act, 2005. The Assessee,...
