![Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Bajaj-auto-ITAT-ITAT-Mumbai-Income-tax-act-Income-tax-on-bajaj-auto-Income-tax-deduction-on-depreciation-TAXCSAN.jpg "Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]")
Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) delivered a setback to Bajaj Auto by allowing the deduction under Section 80 IA of the...
![Excess Freight collected compared to freight paid to transporter not includable in assessable value of Excisable Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CESTAT-Ahmedabad-Freight-Freight-collection-Transporter-payment-in-excise-taxscan.jpg "Excess Freight collected compared to freight paid to transporter not includable in assessable value of Excisable Goods: CESTAT [Read Order]")
![Reimbursement of Service Tax not to be included in aggregate of amounts in clauses (a) and (b) of Section 44BB (2) of Income Tax Act: SC dismisses SLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/SC-dismisses-SLP-SUPREME-COURT-Reimbursement-of-Service-Tax-Service-Tax-Income-Tax-Act-Taxscan.webp "Reimbursement of Service Tax not to be included in aggregate of amounts in clauses (a) and (b) of Section 44BB (2) of Income Tax Act: SC dismisses SLP [Read Order]")
Declaration by the Company of tax arrears does not cover the tax arrears of the Directors: SC upholds HC judgment [Read Order]
A two member bench of the SC has dismissed the Special Leave Petition requesting for the waiving the liability of the Directors of Seville Products Ltd. The bench has held the proposal to impose...
75% Gross Profit Earned from Indian Operations: Delhi HC upholds Direction of the AO to Adopt Attribution Rate of Revenue [Read Order]
The Delhi High Court upheld the direction of the Assessing Officer ( AO ) to adopt the attribution rate of revenue as 75% gross profit earned from Indian operations. By the instant appeal, the...
SC issues interim order condoning delay in filing Special Leave Petition in JSW Steels case [Read Order]
The assessee, M/s. JSW Steel Ltd., imported 98,450 metric tons of Goonyella C Coking Coal for discharge at Marmagao Port which arrived on 14th April, 2017 and Bill of Entry No. 9375854 dated 20 th...
Uploading Notice on Portal not Sufficient Notice on Cancellation of GST Registration, should be Served on Assessee's Address: Allahabad HC [Read Order]
In a recent decision, the Allahabad High Court observed that uploading notice on the portal not sufficient notice on the cancellation of GST registration and it should be served on the assessee's...
![Uploading Notice on Portal not Sufficient Notice on Cancellation of GST Registration, should be Served on Assessees Address: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Cancellation-of-GST-Registration-Notice-on-cancellation-of-GST-registration-Service-of-notice-in-GST-cancellation-case-gst-registration-cancellation-Taxscan.jpg "Uploading Notice on Portal not Sufficient Notice on Cancellation of GST Registration, should be Served on Assessees Address: Allahabad HC [Read Order]")
Supreme court upholds ITAT’s power in having a final say on reopening of investigation proceedings against assessee [Read Order]
The Supreme Court set aside assesse’s demand for re opening of assessment proceedings against her. The three member bench of the Supreme court pointed out that the tribunal itself had appropriate...
![Supreme court upholds ITAT’s power in having a final say on reopening of investigation proceedings against assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Supreme-court-ITAT-Income-tax-appellate-tribunal-TAXSCAN-1.jpg "Supreme court upholds ITAT’s power in having a final say on reopening of investigation proceedings against assessee [Read Order]")