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![Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Vodafone-Cenvat-Credit-Taxscan.jpg "Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order]")
Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order]
The Gujarat High Court has held that the interest paid in respect of borrowings for the acquisition of capital assets is an allowable deduction under...
![CBDT to Felicitate Outstanding Work of Income Tax Officers in E-Assessment [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/02/CBDT-E-Assessment-Filing-Taxscan.jpg "CBDT to Felicitate Outstanding Work of Income Tax Officers in E-Assessment [Read Circular]")
![‘Nimbooz’ is not Lemonade: CESTAT allows Excise Duty Exemption to Pepsico [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Nimbooz-CESTAT-Taxscan.jpg "‘Nimbooz’ is not Lemonade: CESTAT allows Excise Duty Exemption to Pepsico [Read Order]")
![GST Paid on Maintenance Charges by Co-operative Housing Society, not eligible to claim ITC in the cases of Replacement of Existing Elevator: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Co-operative-Housing-Society-Maintenance-Charges-Maharashtra-AAR-Taxscan-1.jpg "GST Paid on Maintenance Charges by Co-operative Housing Society, not eligible to claim ITC in the cases of Replacement of Existing Elevator: AAR [Read Order]")
![Penalty cant be levied on Erroneously Seized Amount: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Cash-Seized.jpg "Penalty cant be levied on Erroneously Seized Amount: Supreme Court [Read Judgment]")
Finance Ministry notifies GST Database as Protected System under Information Technology Act [Read Notification]
The Ministry of Finance has notified the GST Database as Protected System under the Information Technology Act, 2000. On February 4, 2020, the Department of Revenue under the Ministry of Finance...
![Finance Ministry notifies GST Database as Protected System under Information Technology Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/GST-Database-Taxscan.jpg "Finance Ministry notifies GST Database as Protected System under Information Technology Act [Read Notification]")
‘Casino Vessels’ classifiable as ‘Passenger Ship’ under heading 8901 9000 and not ‘Pleasure Boats’: CESTAT [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in the case of Commissioner of Central Excise v Vijai Marine Services held that ‘casino vessels’ could not be...
![‘Casino Vessels’ classifiable as ‘Passenger Ship’ under heading 8901 9000 and not ‘Pleasure Boats’: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Casino-Vessels-Floating-Ships-Mumbai-Bench-CESTAT-Taxscan.jpg "‘Casino Vessels’ classifiable as ‘Passenger Ship’ under heading 8901 9000 and not ‘Pleasure Boats’: CESTAT [Read Order]")
