Finance Commission meets Bankers and Financial Institutions in Mumbai
The Chairman, Shri N.K. Singh, Members and Senior Officials of the 15th Finance Commission met a large group of Bankers and Heads of Financial...
![Condition for Depositing 20% Tax on pending Appeal is not Rigid One, can’t be implemented in all Cases: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/03/Redemption-Fine-Bombay-High-Court-Taxscan.jpg "Condition for Depositing 20% Tax on pending Appeal is not Rigid One, can’t be implemented in all Cases: Bombay HC [Read Judgment]")
![Tax Benefit not claimed in Return can be claimed during Assessment: ITAT directs AO re-consider Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/02/Tax-Relief.jpg "Tax Benefit not claimed in Return can be claimed during Assessment: ITAT directs AO re-consider Claim [Read Order]")
![Tax can’t be levied through a Circular without Amending Relevant Notification: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Allahabad-High-Court-Taxscan.jpg "Tax can’t be levied through a Circular without Amending Relevant Notification: Allahabad HC [Read Order]")
![Measure of Levy of Tax won’t be controlled by Nature of Levy: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Measure of Levy of Tax won’t be controlled by Nature of Levy: Supreme Court [Read Judgment]")
No Tax when there is only a Right under the Agreement to Receive Interest without reasonable certainty of Realization of the Same: ITAT [Read Order]
While dismissing the appeals of the Revenue the Jaipur bench of Income Tax Appellate Tribunal (ITAT), has recently held that if there is only a right to receive the interest under the agreement...
![No Tax when there is only a Right under the Agreement to Receive Interest without reasonable certainty of Realization of the Same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "No Tax when there is only a Right under the Agreement to Receive Interest without reasonable certainty of Realization of the Same: ITAT [Read Order]")
Rule Mandating Quoting of Aadhaar for filing ITR & PAN Application is applicable to Resident individuals only; CBDT
Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form, for filing of return of income...
Mere Storage of Goods in Contractee’s Property does not attract Tax, Contractee No need to deduct TDS: Delhi HC [Read Judgment]
The Delhi High Court also directed to issue the certificate of NIL deduction of tax at source (TDS). The division bench of Delhi High Court in VPSSR Facilities vs Commissioner of Value Added...
Foreign Tax Credit available against the Amount of Tax, Surcharge and Cess; CBDT notifies rules [Read Notification]
The Central Board of Direct Taxes (CBDT) issued Notification dated 27th June 2016 incorporating certain amendments to the Income Tax Rules, 1962. As per the notification, Foreign Tax Credit is...
![Foreign Tax Credit available against the Amount of Tax, Surcharge and Cess; CBDT notifies rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/06/Central-Board-of-Direct-Taxes-CBDT-Tax-Scan.jpg "Foreign Tax Credit available against the Amount of Tax, Surcharge and Cess; CBDT notifies rules [Read Notification]")