![No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-ITAT-Tax-taxscan.jpeg "No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]")
No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that no evidence of remission or cessation of liability and deleted the...
![Seized Betel Nuts being perishable in nature, not required for Investigation: Gauhati High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/betel-nuts-investigation-Gauhati-High-Court-taxscan.jpeg "Seized Betel Nuts being perishable in nature, not required for Investigation: Gauhati High Court [Read Order]")
![GST: All Documents produced except reason for delay in Transportation of Goods, Penalty not justifiable for mere expiry of E-Way Bill, rules Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/documents-transportation-of-goods-Penalty-e-way-bill-HC-taxscan.jpg "GST: All Documents produced except reason for delay in Transportation of Goods, Penalty not justifiable for mere expiry of E-Way Bill, rules Delhi HC [Read Order]")
![Betel Nuts cant be Seized when not required for purpose of investigation: Guwahati HC sets aside the order of a Lower Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Betel-nuts-Guwahati-HC-order-of-lower-court-taxscan.jpeg "Betel Nuts cant be Seized when not required for purpose of investigation: Guwahati HC sets aside the order of a Lower Court [Read Order]")
TDS on Virtual Digital Assets shall exclude GST: No further Deduction for Purchase of Goods, CBDT Clarifies [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued a circular regarding the Tax Deduction at Source (TDS) on Virtual Digital Assets (VDA) transactions outside Exchange. Finance Act, 2022 inserted...
![TDS on Virtual Digital Assets shall exclude GST: No further Deduction for Purchase of Goods, CBDT Clarifies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/TDS-Virtual-Digital-Assets-GST-Deduction-Purchase-of-Goods-CBDT.jpeg "TDS on Virtual Digital Assets shall exclude GST: No further Deduction for Purchase of Goods, CBDT Clarifies [Read Circular]")
Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]
In a move to levy one percent TDS on the virtual digital assets under section 194S of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has issued guidelines applicable with effect...
![Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Virtual-Digital-Assets-CBDT-Guidelines-TDS-Taxscan.jpg "Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]")
Income Tax Law does not allow Assessee to resort under the Garb of Reimbursement to avoid TDS: Calcutta HC [Read Order]
A division bench of the Calcutta High Court, while considering an issue of applicability of TDS on the entire amounts paid to the agent, held that the Income Tax Act does not grant any exceptional...
![Income Tax Law does not allow Assessee to resort under the Garb of Reimbursement to avoid TDS: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Law-Garb-of-Reimbursement-TDS-Calcutta-High-Court-Taxscan.jpg "Income Tax Law does not allow Assessee to resort under the Garb of Reimbursement to avoid TDS: Calcutta HC [Read Order]")
![Additional ITC on Movie Tickets: NAA finds Prathima Multiplex guilty of Profiteering [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Additional-ITC-Movie-Ticket-NAA-Prathima-Multiplex-anti-profiteering-taxscan.jpg "Additional ITC on Movie Tickets: NAA finds Prathima Multiplex guilty of Profiteering [Read Order]")
Absence of Strict Adherence to Ratio at the Time of Payment never leads to pay Double Tax: Karnataka HC [Read Order]
The Karnataka High Court has held that the absence of strict adherence to the ratio at the time of payment never leads to paying double tax. The respondent- M/s. Zyeta Interiors Pvt. Ltd., is a...
![Absence of Strict Adherence to Ratio at the Time of Payment never leads to pay Double Tax: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ratio-payment-double-tax-HC-taxscan.jpeg "Absence of Strict Adherence to Ratio at the Time of Payment never leads to pay Double Tax: Karnataka HC [Read Order]")
Concessional Rate of Tax for Construction of Affordable Residential Apartments applicable only to Promoters, not Sub-Contractors: AAR [Read Order]
The Karnataka Authority of Advance Ruling (AAR) has held that concessional rate of tax for constriction of affordable residential apartments applicable only to promoters not sub-contractors. The...
![Concessional Rate of Tax for Construction of Affordable Residential Apartments applicable only to Promoters, not Sub-Contractors: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Constriction-Residential-Apartments-Promoters-Sub-Contractors-AAR-taxscan.jpg "Concessional Rate of Tax for Construction of Affordable Residential Apartments applicable only to Promoters, not Sub-Contractors: AAR [Read Order]")