![Section 248 of Income Tax Act is inapplicable to Declaration and Distribution of Dividend by Company to its Shareholders: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/madras-high-court-madras-hc-Madras-HC-judgment-on-dividend-taxation-Dividend-distribution-and-taxation-taxscan.jpg "Section 248 of Income Tax Act is inapplicable to Declaration and Distribution of Dividend by Company to its Shareholders: Madras HC [Read Order]")
Section 248 of Income Tax Act is inapplicable to Declaration and Distribution of Dividend by Company to its Shareholders: Madras HC [Read Order]
In a recent decision the Madras High Court observed that Section 248 of Income Tax Act, 1961 is inapplicable to Declaration and distribution of...
![Rs. 19000 Cr Buyback Dividend Distribution Income Tax Notice against Cognizant Technology: Madras HC stays Rs. 9403.09 Cr Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Buyback-Dividend-Distribution-Dividend-Income-Tax-Notice-Income-Tax-Cognizant-Technology-TAXSCAN.jpg "Rs. 19000 Cr Buyback Dividend Distribution Income Tax Notice against Cognizant Technology: Madras HC stays Rs. 9403.09 Cr Demand [Read Order]")
![[BREAKING]Cash Crunch led to Belated Filing of GSTR-3B: Madras HC remands ITC Claim for Fresh Consideration](https://www.taxscan.in/wp-content/uploads/2023/12/Belated-Filing-of-GSTR-3B-Cash-Crunch-Filing-of-GSTR-3B-GSTR-3B-Madras-HC-ITC-Claim-Input-Tax-Credit-madras-high-court-TAXSCAN.jpg "[BREAKING]Cash Crunch led to Belated Filing of GSTR-3B: Madras HC remands ITC Claim for Fresh Consideration")
Service of Notice through GST Portal to Assessee whose Registration was Canceled is Invalid: Madras HC
A Single bench of the Madras High Court quashed an order initiated by Revenue against assessee. Revenue had taken action against the assessee for the non filing of returns. Revenue had also canceled...
Allegation of Sand Mining: Madras HC remarks ED summons to District Collectors a “Fishing Expedition” without Evidence of Crime Proceeds [Read Order]
In a significant case the Madras High court on allegation on sand mining case observed that the Enforcement Directorate (ED) had tried to carry out a "fishing inquiry" into sand mining...
Denial of GST Exemption for Imported Wheat Clearance Services: Madras HC quashes AAR ruling against Naga Ltd's Supplier [Read Order]
The Madras High Court, in a significant move, quashed the ruling of the Authority of Advance Ruling (AAR) against the supplier of Naga Limited, being unsustainable on the correctness of the...
Petitioner suffering adverse civil consequences gains locus to challenge: Madras HC allows Writ Petition by Naga Ltd against AAR Ruling to Supplier
A Single Bench of the Madras High Court has allowed the writ petition of Naga Limited, in recognition of it’s locus standi, arising out of civil consequences of AAR Ruling against its supplier,...
Form-67 Filed Before Issuance of Intimation: Madras HC directs Income Tax Dept to consider FTC Claim [Read Order]
The Madras High Court has directed the Income Tax department to consider the Foreign Tax Credit (FTC) claim as Form 67 filed before the issuance of intimation. Duraiswamy Kumaraswamy, the...
![Form-67 Filed Before Issuance of Intimation: Madras HC directs Income Tax Dept to consider FTC Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/FTC-Claim-Income-Tax-Dept-to-consider-FTC-Claim-Madras-High-Court-taxscan.jpg "Form-67 Filed Before Issuance of Intimation: Madras HC directs Income Tax Dept to consider FTC Claim [Read Order]")
Deduction u/s 80P(2)(d) of Income Tax Act Allowable on Interest Earned from Investment in Cooperative Bank: Madras HC [Read Order]
In a significant case, the Madras High Court has held that deduction under section 80p(2)(d) of the Income Tax Act, 1961 is allowable on interest earned from investment in Cooperative Bank. The...
![Deduction u/s 80P(2)(d) of Income Tax Act Allowable on Interest Earned from Investment in Cooperative Bank: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Interest-Earned-from-Investment-Earned-from-Investment-Investment-in-Cooperative-Bank-Cooperative-Bank-Madras-HC-Madras-High-Court-TAXSCAN.jpg "Deduction u/s 80P(2)(d) of Income Tax Act Allowable on Interest Earned from Investment in Cooperative Bank: Madras HC [Read Order]")
Live Consignment from China Seized by Customs Authority: Madras HC directs to Verify Documents Submitted [Read Order]
The Madras High Court directed the customs authority to verify documents to release the Live Consignment from China which was seized. M/s.Jineshwar Enterprise, the petitioner prayed to direct the...
![Live Consignment from China Seized by Customs Authority: Madras HC directs to Verify Documents Submitted [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Live-Consignment-from-China-Seized-by-Customs-Authority-Madras-HC-directs-to-Verify-Documents-Submitted-TAXSCAN.jpg "Live Consignment from China Seized by Customs Authority: Madras HC directs to Verify Documents Submitted [Read Order]")