₹1,47,686 crore gross GST revenue collected in the month of September 2022
The gross GST revenue collected in the month of September 2022 is ₹ 1,47,686 crore of which CGST is ₹ 25,271 crore, SGST is ₹...
![Revenue cant be restrained from collecting GST when Adverse Order sustains against ONGC: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Revenue-GST-ONGC-HC-taxscan.jpg "Revenue cant be restrained from collecting GST when Adverse Order sustains against ONGC: Madras HC [Read Order]")
![Penalty u/s 271C based on Mere Assumption without Supporting Evidence is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Penalty-assumption-supporting-evidence-ITAT-taxscan.jpg "Penalty u/s 271C based on Mere Assumption without Supporting Evidence is Invalid: ITAT [Read Order]")
![Amendment to Sec 54F (1) applicable from 1.4.2015 onwards: ITAT grants Capital Gain Deduction for purchase of Multiple Residential Units [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Capital-Gain-Deduction-purchase-Multiple-Residential-Units-taxscan.jpg "Amendment to Sec 54F (1) applicable from 1.4.2015 onwards: ITAT grants Capital Gain Deduction for purchase of Multiple Residential Units [Read Order]")
![Exemption available to Supply for Specific Govt. Project: CESTAT allows Cenvat Credit on Capital Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Supply-Govt.-Project-CESTAT-Cenvat-credit-Capital-Goods-taxscan.jpg "Exemption available to Supply for Specific Govt. Project: CESTAT allows Cenvat Credit on Capital Goods [Read Order]")
Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]
Income Tax Appellate Tribunal (ITAT), New Delhi bench consisting of Anil Chaturvedi, Accountant Member and Narender Kumar Choudhary, Judicial Member granted relief to Punjab National Bank Housing...
![Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PNB-Housing-Finance-Ltd-ITAT-CIT-computation-of-rebate-Taxscan.jpg "Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]")
Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that development fees directly taken to corpus account and invested in a fixed asset can be allowed as capital receipt. The...
![Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Development-Fee-Corpus-Account-Fixed-Asset-Capital-Receipt-ITAT-Taxscan.jpg "Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]")
Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune has ruled that, Consideration paid for the acquisition of shares does not come under revenue deduction. The appellant, M/s. Adler Mediequip Pvt. Ltd...
![Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/acquisition-of-shares-revenue-deduction-ITAT-taxscan.jpeg "Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]")
![Reimbursement of Office Expenses has no Service Element, No Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Reimbursement-Office-Expenses-Service-Element-Service-Tax-CESTAT-Taxscan.jpeg "Reimbursement of Office Expenses has no Service Element, No Service Tax: CESTAT [Read Order]")
![Revenue failed to establish Clandestine Clearance: CESTAT sets aside Demand for Excise duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Revenue-clandestine-clearance-CESTAT-demand-Excise-duty-Taxscan.jpeg "Revenue failed to establish Clandestine Clearance: CESTAT sets aside Demand for Excise duty [Read Order]")
Rectification Applications u/s 154 Pending Unanswered: Delhi HC directs Revenue to decide Application within 8 weeks [Read Order]
The Delhi High Court presided by Mr. Justice Manmohan and Ms. Justice Manmeet Pritam Singh Arora has directs revenue to decide application under section 154 within eight weeks since rectification...
![Rectification Applications u/s 154 Pending Unanswered: Delhi HC directs Revenue to decide Application within 8 weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Rectification-Application-Delhi-HC-Revenue-taxscan.jpeg "Rectification Applications u/s 154 Pending Unanswered: Delhi HC directs Revenue to decide Application within 8 weeks [Read Order]")
Revenue Fails to provide Cross-Examination of Material Witness: ITAT Deletes Addition based on Statement of Witness [Read Order]
The Delhi bench of Income Tax Appellate Tribunal has deleted addition based on statement of witnesssince revenue fails to provide cross-examination of material witness. The appellant, Garg...
![Revenue Fails to provide Cross-Examination of Material Witness: ITAT Deletes Addition based on Statement of Witness [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Revenue-Cross-Examination-Material-Witness-ITAT-Statement-of-Witness-taxscan.jpeg "Revenue Fails to provide Cross-Examination of Material Witness: ITAT Deletes Addition based on Statement of Witness [Read Order]")