![Karnataka HC dismisses Writ Petition challenging Constitutional Validity of VAT Notification by Authorities to Track Movement of Goods to Fix Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Karnataka-High-Court-Writ-Petition-Constitutional-Validity-VAT-Notification-Track-Movement-Goods-Tax-Liability-VAT-taxscan.jpg "Karnataka HC dismisses Writ Petition challenging Constitutional Validity of VAT Notification by Authorities to Track Movement of Goods to Fix Tax Liability [Read Order]")
Karnataka HC dismisses Writ Petition challenging Constitutional Validity of VAT Notification by Authorities to Track Movement of Goods to Fix Tax Liability [Read Order]
The Karnataka High Court dismissed a writ petition challenging constitutional validity of Value Added Tax (VAT ) Notification by Authorities to track...
![No ITC When Purchases from Seller discharged Tax Liability but Preceding Seller does not: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITC-Seller-Seller-discharged-Tax-Liability-Tax-AAR-Taxscan.jpg "No ITC When Purchases from Seller discharged Tax Liability but Preceding Seller does not: AAR [Read Order]")
![Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Claim-Interest-of-Housing-Loan-Housing-Loan-Loan-ITR-Capital-Gain-Tax-Liability-Tax-Income-tax-taxscan.jpg "Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]")
![Dividend Income Earned on Shares are Exempted u/s 10(34), No Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Dividend-Income-Dividend-Income-Dividend-Income-Earned-on-Shares-Tax-Liability-Tax-ITAT-Income-Tax-taxscan-.jpg "Dividend Income Earned on Shares are Exempted u/s 10(34), No Tax Liability: ITAT [Read Order]")
GST Notification For concessional tax rate of 12% on Composite Supply of works Contract applies prospectively: AAR [Read Order]
The Advanced Authority Ruling (AAR) of Chhattisgarh ruled that the notification no. 20/2017 amended the tax rate from 18% to 12% on Composite Supply of Works Contract only applied prospectively. ...
![GST Notification For concessional tax rate of 12% on Composite Supply of works Contract applies prospectively: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/GST-Notification-tax-rate-works-Contract-AAR-TAXSCAN.jpg "GST Notification For concessional tax rate of 12% on Composite Supply of works Contract applies prospectively: AAR [Read Order]")
MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that MAT credit of the transferee company can be carried forward and set off against tax liability of the amalgamated company. ...
![MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/MAT-Credit-Transferee-Company-Tax-Liability-ITAT-TAXSCAN.jpeg "MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]")
Erred SCN and subsequent Deletion of Entries from Registration Certificate quashed: Chhattisgarh HC directs GST Dept to restore Certificate and absolves Tax Liability [Read Order]
The Chhattisgarh High Court, in a recent ruling, directed the Goods & Services Tax (GST) Department to restore the registration certificates of the petitioner companies before amendment and held...
![Erred SCN and subsequent Deletion of Entries from Registration Certificate quashed: Chhattisgarh HC directs GST Dept to restore Certificate and absolves Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/SCN-Registration-Certificate-Chhattisgarh-HC-GST-Certificate-Tax-Liability-TAXSCAN.jpeg "Erred SCN and subsequent Deletion of Entries from Registration Certificate quashed: Chhattisgarh HC directs GST Dept to restore Certificate and absolves Tax Liability [Read Order]")
Addition to Unexplained Credit will sustain in the Absence of Evidence to prove Enhanced amounts payable: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition to unexplained credit will sustain in the absence of evidence to prove enhanced amounts payable. The...
![Addition to Unexplained Credit will sustain in the Absence of Evidence to prove Enhanced amounts payable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/unexplained-credit-absence-of-evidence-prove-Enhanced-amounts-payable-ITAT.jpg "Addition to Unexplained Credit will sustain in the Absence of Evidence to prove Enhanced amounts payable: ITAT [Read Order]")
No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that no tax liability on compensation received towards interest cost, insurance cost, cost of modification and validation of the assets,...
![No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Tax-Liability-Compensation-Interest-cost-Insurance-cost-Modification-Assets-Warranty-ITAT-taxscan.jpg "No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]")
GST: CBIC notifies Levy on Interest on Undue/Excess Claim of ITC with Retrospective Effect [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC), on Monday notified the retrospective amendment to Section 50(3) to impose interest on undue/excess claim of input tax credit with retrospective...
![GST: CBIC notifies Levy on Interest on Undue/Excess Claim of ITC with Retrospective Effect [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/07/GST-CBIC-Interest-ITC-Retrospective-Effect-Taxscan.jpeg "GST: CBIC notifies Levy on Interest on Undue/Excess Claim of ITC with Retrospective Effect [Read Notification]")
Tax Liability is calculated based on Cost of Acquisition u/s 49(1) When Property acquired as Gift or Will: ITAT [Read Order]
The Income Tax Appellate Tribunal, Hyderabad Bench has held that when the property is acquired as a gift or will, the tax liability is calculated based on the cost of acquisition u/s 49(1) of the...
![Tax Liability is calculated based on Cost of Acquisition u/s 49(1) When Property acquired as Gift or Will: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Tax-liability-cost-acquisition-property-gift-will-ITAT-taxscan.jpg "Tax Liability is calculated based on Cost of Acquisition u/s 49(1) When Property acquired as Gift or Will: ITAT [Read Order]")