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Income received in Excess of Face Value of Shares u/s 56 of Income Tax Act is Taxable: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, Income received in Excess of Face Value of Shares under Section 56 of...
![Brand Owner liable to pay GST on Surplus Profit from Manufactures: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Surplus-Profit-AAR-Taxscan.jpg "Brand Owner liable to pay GST on Surplus Profit from Manufactures: AAR [Read Order]")
![Activity of Changing MRP / affixing MRP stickers in Godown amount to ‘Manufacture’: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/MRP-CESTAT-Taxscan.jpg "Activity of Changing MRP / affixing MRP stickers in Godown amount to ‘Manufacture’: CESTAT [Read Order]")
![No Excise Duty on Scrap Materials as they are not emerging due to a Manufacturing Process: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Scrap-PVC-Shell-Taxscan.jpg "No Excise Duty on Scrap Materials as they are not emerging due to a Manufacturing Process: CESTAT [Read Order]")
![Fatty Acids, Wax and Gum emerged during manufacture of Refined Vegetable Oil are not subject to Excise Duty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Excise-Duty-Taxscan.jpg "Fatty Acids, Wax and Gum emerged during manufacture of Refined Vegetable Oil are not subject to Excise Duty: CESTAT [Read Order]")
Activity of Providing BPL Kits would not amount to “Manufacture”, Excise Duty not Leviable: CESTAT [Read Order]
Quashing the demand of excise duty on the activity of providing BPL Kits, the Delhi bench of the CESTAT observed that to levy central excise duty on any goods, the same should have been produced or...
Supplying Audio of the Back Ground Sound to a Film already shot amounts to “Manufacture”: J&K HC allows IT Deduction [Read Judgment]
In Vijay Kumar v. CIT, a division bench of the Jammu & Kashmir High Court held that the activity of supplying the audio of the back ground sound to the film already shot by the customers, would...
![Supplying Audio of the Back Ground Sound to a Film already shot amounts to “Manufacture”: J&K HC allows IT Deduction [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Supplying Audio of the Back Ground Sound to a Film already shot amounts to “Manufacture”: J&K HC allows IT Deduction [Read Judgment]")