![Excess Stocks should Represent Income from Undisclosed Sources: Orissa HC Dismisses Appeal by Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Excess-Stocks-Represent-Income-Undisclosed-Sources-Orissa-HC-Appeal-Income-Tax-Department-TAXSCAN.jpg "Excess Stocks should Represent Income from Undisclosed Sources: Orissa HC Dismisses Appeal by Income Tax Department [Read Order]")
Excess Stocks should Represent Income from Undisclosed Sources: Orissa HC Dismisses Appeal by Income Tax Department [Read Order]
In a significant ruling the Orissa High Court, dismissed an appeal filed by the Income Tax Department and observed that excess stocks should...
![Manufacture of Veterinary Products Falls Under Category of “Intravenous Fluid” Eligible for Exemption from Excise Duty under Exemption Notification: SC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/08/Manufacture-Veterinary-Products-Intravenous-Fluid-Eligible-Exemption-Excise-Duty-Exemption-Notification-SC-TAXSCAN.jpg "Manufacture of Veterinary Products Falls Under Category of “Intravenous Fluid” Eligible for Exemption from Excise Duty under Exemption Notification: SC [Read Judgement]")
![Date of Deposit of PF Payment Allows Extension for Due Date being a Holiday: ITAT directs AO for Re-Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Date-of-Deposit-of-PF-Payment-Deposit-of-PF-Payment-Deposit-PF-PF-Payment-Date-of-Deposit-of-PF-Payment-Allows-Extension-for-Due-Date-being-a-Holiday-ITAT-Taxscan.jpg "Date of Deposit of PF Payment Allows Extension for Due Date being a Holiday: ITAT directs AO for Re-Examination [Read Order]")
![Revenue Department cannot Seize Cash that does not form Part of Stock in Trade in GST case: SC upholds Decision of Kerala HC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/08/Revenue-Department-Seize-Stock-Trade-GST-SC-Decision-Kerala-highcourt-TAXSCAN.jpg "Revenue Department cannot Seize Cash that does not form Part of Stock in Trade in GST case: SC upholds Decision of Kerala HC [Read Judgement]")
Money Laundering Case: Supreme Court dismisses Plea of TN Minister V. Senthil Balaji against Arrest in Cash-for-Jobs Scam, allows ED Interrogation
A Division Bench of the Supreme Court dismissed plea of Tamil Nadu Chief Minister V. Senthil Balaji against arrest in cash-for-jobs scam and allowed Enforcement Directorate (ED), interrogation in the...
Bombay HC Stays Customs Demand on Pending of Review Petition before Supreme Court in Canon India case [Read Order]
The Bombay High Court stayed customs demand on pending of the review petition before the Supreme Court in Canon India case. The batch of petitions are moved on behalf of the petitioners pointing...
![Bombay HC Stays Customs Demand on Pending of Review Petition before Supreme Court in Canon India case [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Bombay-HC-Stays-Customs-Demand-Bombay-High-Court-Customs-Demand-customs-Demand-Pending-of-Review-Petition-Supreme-Court-Canon-India-case-Taxscan.jpeg "Bombay HC Stays Customs Demand on Pending of Review Petition before Supreme Court in Canon India case [Read Order]")
Information on Tax Evasion by News Agency, ANI Media Pvt Ltd: SC directs Centre to Reconsider Reward Granted [Read Order]
The Supreme Court directed the Centre to consider the reward granted to the appellant, Ketan Kantilal Modi, on giving Information on Tax Evasion by News Agency, ANI Media Pvt Ltd. The case of the...
![Information on Tax Evasion by News Agency, ANI Media Pvt Ltd: SC directs Centre to Reconsider Reward Granted [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Information-on-Tax-Evasion-News-Agency-ANI-Media-Pvt-Ltd-SC-directs-Centre-to-Reconsider-Reward-Granted-Tax-Evasion-by-News-Agency-taxscan.jpg "Information on Tax Evasion by News Agency, ANI Media Pvt Ltd: SC directs Centre to Reconsider Reward Granted [Read Order]")
Exemption claim u/s 2(15) of Income Tax Act not allowable on Services provided by GS1 India as it was for Benefit of Trade and Business: Delhi HC [Read Order]
The Delhi High Court has held that an exemption claim under section 2(15) of the Income Tax Act is not allowable on services provided by GS1 India as it was for the benefit of trade and...
![Exemption claim u/s 2(15) of Income Tax Act not allowable on Services provided by GS1 India as it was for Benefit of Trade and Business: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Exemption-claim-Income-Tax-Act-not-allowable-on-Services-provided-by-GS1-India-Business-Delhi-HC-TAXSCAN-.jpg "Exemption claim u/s 2(15) of Income Tax Act not allowable on Services provided by GS1 India as it was for Benefit of Trade and Business: Delhi HC [Read Order]")
Difference in Perception of Viewing Transaction not Amount to Furnishing of Inaccurate Particulars: ITAT deletes Penalty [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty holding that the difference in perception of viewing transactions could not amount to inaccurate particulars. ...
![Difference in Perception of Viewing Transaction not Amount to Furnishing of Inaccurate Particulars: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Difference-Perception-Viewing-Transaction-Amount-Furnishing-Inaccurate-Particulars-ITAT-Penalty-taxscan.jpg "Difference in Perception of Viewing Transaction not Amount to Furnishing of Inaccurate Particulars: ITAT deletes Penalty [Read Order]")