![License fee for License under the Telegraph Act cannot be partly revenue and Partly Capital by Dividing into Two periods: SC rules Against Bharti Hexacom Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/License-under-the-Telegraph-Act-License-fee-License-fee-for-License-under-the-Telegraph-Act-cannot-be-partly-revenue-revenue-SC-rules-Against-Bharti-Hexacom-Ltd-SC-taxscan.jpg "License fee for License under the Telegraph Act cannot be partly revenue and Partly Capital by Dividing into Two periods: SC rules Against Bharti Hexacom Ltd [Read Order]")
License fee for License under the Telegraph Act cannot be partly revenue and Partly Capital by Dividing into Two periods: SC rules Against Bharti Hexacom Ltd [Read Order]
The Supreme Court of India in the case of Bharti Hexacom Ltd held that the license fee for a License under the Telegraph Act 1885 cannot be partly...
![Excise Duty Demand for Availed CENVAT Credit on Clearance of Wool and Polyester without Examining Relevant Documents : CESTAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excise-Duty-Demand-Availed-CENVAT-Credit-Clearance-of-Wool-Polyester-without-Examining-Relevant-Documents-CESTAT-Directs-Re-adjudication-TAXSCAN.jpg "Excise Duty Demand for Availed CENVAT Credit on Clearance of Wool and Polyester without Examining Relevant Documents : CESTAT Directs Re-adjudication [Read Order]")
![Notice for hearings sent to wrong address: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Notice-wrong-address-ITAT-Readjudication-taxscan.jpg "Notice for hearings sent to wrong address: ITAT directs Readjudication [Read Order]")
Entry and Variable Annual Licence Fees Paid to Telecom Department is Capital in Nature, Amortisation Permitted u/s 35ABB of Income Tax Act: Supreme Court [Read Order]
In a significant Supreme Court ruling, the bench of Justice B. V. Nagarathna and Justice Ujjal Bhuyan declared that the entry and variable annual licence fees paid to the Department of Telecom (DoT)...
![Entry and Variable Annual Licence Fees Paid to Telecom Department is Capital in Nature, Amortisation Permitted u/s 35ABB of Income Tax Act: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Entry-Variable-Annual-Licence-Fees-Paid-Telecom-Department-Capital-in-Nature-Amortisation-Permitted-Income-Tax-Act-Supreme-Court-TAXSCAN.jpg "Entry and Variable Annual Licence Fees Paid to Telecom Department is Capital in Nature, Amortisation Permitted u/s 35ABB of Income Tax Act: Supreme Court [Read Order]")
GST Compliance Push Hits Global Digital Companies like Facebook and Google: Central Govt Expects Rs. 2000 crore Revenue Boost
The Goods and Services Tax (GST) authorities in India have taken proactive steps to make sure that foreign businesses, some of which are well-known leaders in their respective industries like...
Income-Tax Department withholds 35 Lakh Refund Cases Due to Bank Account Mismatch and its Validation; says CBDT Chairperson
Nitin Gupta, who serves as the Chairperson of the Central Board of Direct Taxes (CBDT), disclosed that the Income-Tax Department is presently facing delays in around 35 lakh refund cases due to...
Failure to produce Book of accounts during Assessment Proceedings due to communication gap between Assessee's Representative and Company: ITAT directs Re adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while directing readjudication, observed that the assessee had failed to produce the books of accounts during the assessment proceedings due to...
![Failure to produce Book of accounts during Assessment Proceedings due to communication gap between Assessees Representative and Company: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-produce-Book-accounts-Assessment-Proceedings-communication-between-Assessees-Representative-Company-ITAT-directs-Re-adjudication-TAXSCAN.jpg "Failure to produce Book of accounts during Assessment Proceedings due to communication gap between Assessees Representative and Company: ITAT directs Re adjudication [Read Order]")
Action taken by AO cannot be treated as prejudicial to the interest of revenue unless it is unsustainable in Law: ITAT quashes Revision Order for lack of Jurisdiction [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that if due to an erroneous order of the AO, the revenue is losing tax lawfully payable by a person, it will certainly be prejudicial...
![Action taken by AO cannot be treated as prejudicial to the interest of revenue unless it is unsustainable in Law: ITAT quashes Revision Order for lack of Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/AO-Action-taken-by-AO-Action-taken-by-AO-cannot-be-treated-as-prejudicial-to-the-interest-of-revenue-ITAT-taxscan.jpg "Action taken by AO cannot be treated as prejudicial to the interest of revenue unless it is unsustainable in Law: ITAT quashes Revision Order for lack of Jurisdiction [Read Order]")
Non delivery of possession to the purchaser by the date of filing of suit proves provisions U/S 2(47) not being applicable: ITAT upholds order of CIT(A) [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that no provisions under Section 2(47) of the Income Tax Act is attracted as neither the entire sale consideration was paid by the...
![Non delivery of possession to the purchaser by the date of filing of suit proves provisions U/S 2(47) not being applicable: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-delivery-possession-purchaser-date-of-filing-suit-proves-provisions-applicable-ITAT-order-CITA-TAXSCAN.jpg "Non delivery of possession to the purchaser by the date of filing of suit proves provisions U/S 2(47) not being applicable: ITAT upholds order of CIT(A) [Read Order]")
Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has quashed the revision order under Section 263 of the Income Tax Act 1961, holding that every loss of revenue as a consequence of the order...
![Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Every-loss-of-Revenue-as-a-Consequence-of-Order-of-AO-Treated-as-Prejudicial-to-Interests-of-Revenue-ITAT-Quashes-Revision-order-TAXSCAN.jpg "Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]")