![Sec 80IB does not mandate Separate Books of Accounts for claiming Deduction: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/05/Sec-80IB-Books-of-Accounts-Madras-High-Court-Taxscan.jpeg "Sec 80IB does not mandate Separate Books of Accounts for claiming Deduction: Madras High Court [Read Judgment]")
Sec 80IB does not mandate Separate Books of Accounts for claiming Deduction: Madras High Court [Read Judgment]
The Madras High Court ruled that Section 80IB of the Income Tax Act, 1961 does not mandate separate books of accounts for claiming the deduction. ...
![Dealer doesn’t disputed Tax Demand: Madras High Court quashes order confirming Imposition of Penalty at 1.5 Times of Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Madras-HC-imposition-of-penalty-tax-demand-Taxscan.jpg "Dealer doesn’t disputed Tax Demand: Madras High Court quashes order confirming Imposition of Penalty at 1.5 Times of Tax Demand [Read Order]")
![Conclusions in Scrutiny Assessment must be definite: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Scrutiny-Assessment-Madras-High-Court-Taxscan.jpeg "Conclusions in Scrutiny Assessment must be definite: Madras High Court [Read Judgment]")
![Services related to Financing of Vehicles manufactured by TVS Motors is taxable under Business Auxiliary Service: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Services-financing-vehicles-TVS-Motors-Business-Auxiliary-Service-Madras-HC-taxscan.jpeg "Services related to Financing of Vehicles manufactured by TVS Motors is taxable under Business Auxiliary Service: Madras High Court [Read Judgment]")
![Madras High Court directs GST Authority to consider lifting of Provisional Attachment of Bank Accounts to enable smooth Business Activities [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Madras-HC-GST-Authority-provisional-attachment-of-bank-accounts-business-activities-Taxscan-opengraph.jpg "Madras High Court directs GST Authority to consider lifting of Provisional Attachment of Bank Accounts to enable smooth Business Activities [Read Order]")
Relief to Mahindra: Madras High Court quashes Penalty for non-declarations of Concessional Rate of Tax in Registration Certificate [Read Order]
The Madras High Court quashed the penalty imposed on Mahindra for non-declarations of concessional rate of tax in registration certificate. The appellant dealer, Mahindra & Mahindra Ltd....
![Relief to Mahindra: Madras High Court quashes Penalty for non-declarations of Concessional Rate of Tax in Registration Certificate [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Mahindra-Madras-High-court-penalty-non-declarations-concessional-rate-of-tax-registration-certificate-Taxscan.jpg "Relief to Mahindra: Madras High Court quashes Penalty for non-declarations of Concessional Rate of Tax in Registration Certificate [Read Order]")
Order passed without granting Personal Hearing violates principles of natural justice: Madras HC remands matter back to AO [Read Order]
The Madras High Court remanded the matter to the AO for fresh consideration. The petitioner is directed to submit their reply to the show-cause notice within a period of 6 weeks. The petitioner,...
![Order passed without granting Personal Hearing violates principles of natural justice: Madras HC remands matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Order-passed-Personal-Hearing-violates-principles-natural-justice-Madras-High-court-AO-Taxscan.jpeg "Order passed without granting Personal Hearing violates principles of natural justice: Madras HC remands matter back to AO [Read Order]")
Substantive Right of Appeal should not be denied to assessees on technical ground: Madras HC upholds condonation of delay by ITAT [Read Judgment]
The Madras High Court while upholding the condonation of delay by ITAT held that substantive right of appeal should not be denied to the assessees on technical grounds. The issue involved in this...
![Substantive Right of Appeal should not be denied to assessees on technical ground: Madras HC upholds condonation of delay by ITAT [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Substantive-right-of-appeal-technical-ground-Madras-High-Court-condonation-of-delay-ITAT-Taxscan.jpg "Substantive Right of Appeal should not be denied to assessees on technical ground: Madras HC upholds condonation of delay by ITAT [Read Judgment]")
Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]
The Madras High court said that the Income Tax Appellate Tribunal (ITAT) wrongly held the transfer of shares by the assessee to its wholly-owned subsidiary is to be considered as a Gift. The...
![Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Transfer-of-shares-subsidiary-Gift-Circular-transaction-avoid-tax-Madras-High-Court-Taxscan.jpg "Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]")
Advance given for Purchase of Flat prior to Sale of Asset eligible for Capital Gain Deduction: Madras High Court [Read Judgment]
The Madras High Court held that there is no prohibition on claiming capital gain deduction in respect of investments made prior to the sale of old assets. The Single bench held that the amount of...
![Advance given for Purchase of Flat prior to Sale of Asset eligible for Capital Gain Deduction: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Madras-High-Court-capital-gain-deduction-Taxscan.jpg "Advance given for Purchase of Flat prior to Sale of Asset eligible for Capital Gain Deduction: Madras High Court [Read Judgment]")
Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]
The Madras High Court held that the Assessing Officer (AO) rightly disallowed depreciation on the purchase of windmill. The assessee, V. Sabitamani an individual filed for return of income for the...
![Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Assessing-Officer-Madras-High-Court-windmill-Taxscan.jpg "Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]")
Madras High Court set aside Settlement Commission ’s order in Hitachi Powers’ case [Read Judgment]
The Madras High Court affirms the order of the Single Judge bench, setting aside the Settlement Commission’s order in Hitachi Powers’ case. The respondent, Hitachi Powers is a Company incorporated...
![Madras High Court set aside Settlement Commission ’s order in Hitachi Powers’ case [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Madras-High-Court-Hitachi-Powers-case-Settlement-Commission-Taxscan.jpg "Madras High Court set aside Settlement Commission ’s order in Hitachi Powers’ case [Read Judgment]")