![Payment Made for Employees Contribution after Due Date cannot be Allowed as Deduction : ITAT Directs to Restrict Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-Made-for-Employees-Contribution-after-Due-Date-cannot-be-Allowed-as-Deduction-ITAT-Directs-to-Restrict-Disallowance-.jpg "Payment Made for Employees Contribution after Due Date cannot be Allowed as Deduction : ITAT Directs to Restrict Disallowance [Read Order]")
Payment Made for Employees Contribution after Due Date cannot be Allowed as Deduction : ITAT Directs to Restrict Disallowance [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that if the payment has been made with respect employees' contribution after the due...
![Payment of License Fee which is not Condition of Sale cannot be included in Transaction Value u/r 10(1)(c) of Customs Valuation Rules: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-of-License-Fee-License-Fee-Payment-Condition-of-Sale-Sale-Transaction-Value-Customs-Valuation-Rules-CESTAT-taxscan-.jpg "Payment of License Fee which is not Condition of Sale cannot be included in Transaction Value u/r 10(1)(c) of Customs Valuation Rules: CESTAT [Read Order]")
![Due date for Payment of PF/ESI on Public Holiday shall not result in Disallowance: ITAT sets aside Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Due-date-for-Payment-Payment-of-PF-ESI-Payment-PF-Public-Holiday-Payment-of-PF-ESI-on-Public-Holiday-disallowance-ITAT-taxscan.jpg "Due date for Payment of PF/ESI on Public Holiday shall not result in Disallowance: ITAT sets aside Order of CIT(A) [Read Order]")
![CESTAT Quashes Penalty Imposed for Non Payment of Service Tax on Commercial or Industrial Construction Service on ground of Barred by Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Penalty-CESTAT-Quash-commercial-industrial-service-service-tax-taxscan.jpg "CESTAT Quashes Penalty Imposed for Non Payment of Service Tax on Commercial or Industrial Construction Service on ground of Barred by Limitation [Read Order]")
![Payment made to a Non-resident doesnt amount to Deduction in Tax u/s 195 of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-made-to-a-Non-resident-Payment-Deduction-Income-Tax-Act-Income-Tax-ITAT-dismisses-Appeal-taxscan.jpg "Payment made to a Non-resident doesnt amount to Deduction in Tax u/s 195 of Income Tax Act: ITAT dismisses Appeal [Read Order]")
Intermediate Goods can be cleared without duty payment only on Condition of Clearing them as Final Product within Six Months: CESTAT directs to Pay Interest In Delayed Payment
The Chennai bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that intermediate goods can be cleared without duty payment only on condition of clearing them as the final...
Pan-Aadhar Link Update: Income Tax to consider cases where Fee payment and consent for linking received but Linking not done till 30th June
The Income Tax Department mandated the PAN-Aadhar linking with a fine of Rs 1,000by June 30th 2023. However, the same penalty is not applicable to the PAN holders who took the PAN cards on or after...
RBI imposes Rs. 30 Lac penalty on Axis Bank for Non-Compliance with directions on 'Prudential Norms on Income Recognition'
The Reserve Bank of India (RBI) has imposed Rs. 39 lakhs penalty on Axis Bank, one of the top banks in India. According to the RBI, the axis bank didn’t comply with the certain provisions of the...
Payment of Interest does not Arise in Revenue Neutral Situation, no Duty to be Paid: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), recently ruled that the payment of interest does not arise in case of revenue neutral situation and hence no duty...
![Payment of Interest does not Arise in Revenue Neutral Situation, no Duty to be Paid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Payment-of-Interest-no-Duty-to-be-Paid-Interest-Payment-CESTAT-taxscan.jpg "Payment of Interest does not Arise in Revenue Neutral Situation, no Duty to be Paid: CESTAT [Read Order]")
Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) while confirming the disallowance of payment of agency commission held that the assessee failed to justify the service render to...
![Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Failure-Associated-Enterprise-ITAT-Uphold-disallowance-Payment-Agency-Commission-income-tax-income-tax-taxscan.jpg "Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]")
Payment by Media Companies to Advertising Companies for Advertisement Booking doesn't Amount to Commission: Calcutta HC [Read Order]
The Calcutta High Court has held that the ‘Commission’ does not refer to payments by Media Companies to advertising companies for booking of advertisements. The issue was whether on the facts and...
![Payment by Media Companies to Advertising Companies for Advertisement Booking doesnt Amount to Commission: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Payment-by-Media-Companies-to-Advertising-Companies-for-Advertisement-Booking-Amount-to-Commission-Calcutta-HC-TAXSCAN.jpg "Payment by Media Companies to Advertising Companies for Advertisement Booking doesnt Amount to Commission: Calcutta HC [Read Order]")