ICAI joins CAG to Strengthen Capacity of PSUs Audit Officers
In a major development aimed at enhancing audit excellence in Public Sector Undertakings (PSUs), the Institute of Chartered Accountants of India...
![Income Tax Not Leviable if no Right over Income Accrues upon Transfer of Development Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Not-Leviable-Right-over-Income-Accrues-upon-Transfer-of-Development-Rights-ITAT-TAXSCAN.jpg "Income Tax Not Leviable if no Right over Income Accrues upon Transfer of Development Rights: ITAT [Read Order]")
![Construction of Jetty for ICG as per MoU falls Under Work Contract as per CGST Act: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Construction-Jetty-ICG-MoU-Work-Contract-CGST-AAR-taxscan.jpeg "Construction of Jetty for ICG as per MoU falls Under Work Contract as per CGST Act: AAR [Read Order]")
Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) set aside the order discrediting the valuation report of the assessee without substantial reason where there is a failure to call for the...
![Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-call-Mandate-DVO-report-Income-Tax-Act-ITAT-order-Discrediting-Valuation-Report-Assessee-Substantial-Reason-TAXSCAN.jpg "Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]")
ICMAI and IGNOU signs MOU for Jointly developing ODL (Programme) titles “Diploma in Agricultural Cost Management"
The Institute of Cost Management Accountants of India (ICMAI) and Indira Gandhi National Open University are to set up a new course open and distance learning together on “Diploma in Agricultural...
Relief to IOCL: CESTAT upholds Calculation of Duty paid on Transactions with OMCs as per MoU at Lower Price [Read Order]
The Chennai bench of Customs Excise and Services Tax Appellate Tribunal (CESTAT) granted relief to the Indian Oil Corporation Limited (IOCL). The bench ruled that even though there is a difference...
![Relief to IOCL: CESTAT upholds Calculation of Duty paid on Transactions with OMCs as per MoU at Lower Price [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/IOCL-CESTAT-Duty-paid-on-Transactions-Transactions-Duty-OMCs-MoU-at-Lower-Price-taxscan.jpg "Relief to IOCL: CESTAT upholds Calculation of Duty paid on Transactions with OMCs as per MoU at Lower Price [Read Order]")
Refund by Employee for Breach of Non-Competition Agreement Not “Salary”, Not Assessable as “Income”: ITAT [Read Order]
The Pune Income Tax Appellate Tribunal (ITAT) determined that the reimbursement of severance cannot be regarded as salary for the purposes of taxation due to terms in the secrecy and non-compete...
![Refund by Employee for Breach of Non-Competition Agreement Not “Salary”, Not Assessable as “Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Refund-by-Employee-Breach-of-Non-Competition-Agreement-Salary-Income-ITAT-Taxscan.jpg "Refund by Employee for Breach of Non-Competition Agreement Not “Salary”, Not Assessable as “Income”: ITAT [Read Order]")
![Profit Sharing as per MoU cannot be treated as “Deemed Dividend”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Profit-Sharing-MoU-Deemed-Dividend-ITAT-TAXSCAN.jpg "Profit Sharing as per MoU cannot be treated as “Deemed Dividend”: ITAT [Read Order]")
