Potato Chips Case: Supreme Court issues Notice to PepsiCo India in Revenue’s Appeal against HC Decision [Read Order]
The Supreme Court of India has issued notice to Pepsico India, advancing the revenue's appeal against the Rajasthan High Court's decision regarding...
![Increased Monetary Limits in appeal cases as per CBIC Circular: Supreme Court dismisses Customs Appeal by Revenue for low tax effect [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Increased-Monetary-CBIC-Circular-Supreme-Court-Customs-Appeal-Revenue-low-tax-effect-TAXSCAN.jpg "Increased Monetary Limits in appeal cases as per CBIC Circular: Supreme Court dismisses Customs Appeal by Revenue for low tax effect [Read Order]")
![Three years Limitation is Applicable u/s 8 of Tamil Nadu Tax on Entry of Motor Vehicles Act, Even If Return under Income Tax Act is not Filed: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Tamil-Nadu-Tax-on-Entry-of-Motor-Vehicles-Act-Madras-HC-high-court-taxscan.jpg "Three years Limitation is Applicable u/s 8 of Tamil Nadu Tax on Entry of Motor Vehicles Act, Even If Return under Income Tax Act is not Filed: Madras HC [Read Order]")
![Supreme Court quashes HC Order Rejecting Benefit of ITC Claimed as UP VAT Has no Provision to Calculate Apportionment of ITC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/11/Calculate-Apportionment-of-ITC-Apportionment-of-ITC-Benefit-of-ITC-Tax-News-Value-Added-Tax-Quashes-High-Court-Order-TAXSCAN.jpg "Supreme Court quashes HC Order Rejecting Benefit of ITC Claimed as UP VAT Has no Provision to Calculate Apportionment of ITC [Read Judgement]")
![Relief to Parle Agro, GST Council cannot impose a wrong classification of “Flavoured Milk” as a “Beverage Containing Milk” under Customs Tariff Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Relief-to-Parle-Agro-GST-Council-classification-Flavoured-Milk-Beverage-Containing-Milk-Customs-Tariff-Act-Madras-HC-TAXSCAN.jpg "Relief to Parle Agro, GST Council cannot impose a wrong classification of “Flavoured Milk” as a “Beverage Containing Milk” under Customs Tariff Act: Madras HC [Read Order]")
Valuation of Excise Duty on Clearance of Physical Samples of Medicine Must be done in Accordance with Rule 4 of Central Excise (Valuation) Rules: CESTAT [Read Order]
The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the valuation of excise duty on the clearance of physical samples of medicines should be done under...
![Valuation of Excise Duty on Clearance of Physical Samples of Medicine Must be done in Accordance with Rule 4 of Central Excise (Valuation) Rules: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Central-Excise-Valuation-Rules-CESTAT-CESTAT-News-Excise-Customs-Service-Tax-Tax-News-Excise-Duty-TAXSCAN.jpg "Valuation of Excise Duty on Clearance of Physical Samples of Medicine Must be done in Accordance with Rule 4 of Central Excise (Valuation) Rules: CESTAT [Read Order]")
ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of addition towards disallowance of interest on borrowed capital under Section 36(1)(iii) of Income Tax Act, 1961 out...
![ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Deletion-Addition-Disallowance-Interest-ITAT-upholds-Deletion-of-Addition-towards-Disallowance-of-Interest-Capital.jpg "ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]")
No Violation of Proviso to Provision of Section 2(15) of Income Tax Act: ITAT Set Aside Revision Order on Exemption u/s 11[Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has set aside the revision order on exemption under Section 11 of the Income Tax Act 1961 holding that no violation of proviso to provision...
![No Violation of Proviso to Provision of Section 2(15) of Income Tax Act: ITAT Set Aside Revision Order on Exemption u/s 11[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Violation-of-Proviso-to-Provision-Income-Tax-Act-ITAT-Aside-Revision-Order-on-Exemption-TAXSCAN.jpg "No Violation of Proviso to Provision of Section 2(15) of Income Tax Act: ITAT Set Aside Revision Order on Exemption u/s 11[Read Order]")
Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that waiver of loan for acquiring capital assets could not be taxed as perquisite under Section 28(iv) of the Income Tax Act, 1961. The...
![Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Waiver-Waiver-of-Loan-Capital-Assets-Waiver-of-Loan-for-Acquiring-Capital-Assets-Perquisite-Income-Tax-Act-taxscan.jpg "Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]")
Work from Home Opportunity for Retired Judges: Kerala HC invites Retired Judges to Translate Supreme Court Judgments from English to Malayalam [Read Notice]
The Kerala High Court has invited the retired judicial officers to translate Supreme Court judgments from English to Malayalam in work from home mode. This would be helpful for the judges who know...
![Work from Home Opportunity for Retired Judges: Kerala HC invites Retired Judges to Translate Supreme Court Judgments from English to Malayalam [Read Notice]](https://www.taxscan.in/wp-content/uploads/2023/11/Work-from-Home-Opportunity-Retired-Judges-Kerala-HC-Retired-Judges-Translate-Supreme-Court-Judgments-English-to-Malayalam-TAXSCAN.jpg "Work from Home Opportunity for Retired Judges: Kerala HC invites Retired Judges to Translate Supreme Court Judgments from English to Malayalam [Read Notice]")
SC issues Notice to Income Tax Settlement Commission on Application Seeking Condonation of Delay [Read Judgement]
The Division Bench of Supreme Court comprising Justice Surya Kant, Justice Dipankar Datta and Justice Ujjal Bhuyan has issued notices to Income Tax Settlement Commission on application seeking...
![SC issues Notice to Income Tax Settlement Commission on Application Seeking Condonation of Delay [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/11/SC-issues-Notice-Income-Tax-Settlement-Commission-Application-Seeking-Condonation-of-Delay-TAXSCAN.jpg "SC issues Notice to Income Tax Settlement Commission on Application Seeking Condonation of Delay [Read Judgement]")
Relief to Vodafone Idea: Supreme Court upholds Dismissal of Appeal filed with Delay of 2472 days[Read Judgement]
The Division Bench of the Supreme Court comprising Justice B.V. Nagarathna and Justice UjjalIndia has granted relief to Vodafone Idea upholding the dismissal of the appeal filed with a delay of 2472...
