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Income arising from Transfer of unlisted shares to be considered as Capital Gains; CBDT
Central Board of Direct Taxes (CBDT) vide its Order dated 2nd May 2016 has given direction to its field formations, with a view to avoid...
Benefit from waiving loan amount by the Bank in one time settlement is an ‘income’ from Business; Madras High Court [DOWNLOAD JUDGMENT]
In a recent Judgment, a division bench of Madras High Court held that, benefit received while an amount of loan waived by the bank under the one time settlement shall come under the purview ‘income’...
CBEC circular denying benefits of Preferential Custom duty is ultra vires to Section 151A of Customs Act; Delhi High Court [DOWNLOAD JUDGMENT]
A Delhi High Court bench comprising of Justice S.Muralidhar and Justice Vibhu Bakhru held that the Circular dated 6th October 2015 issued by the Central Board of Excise and Customs(CBEC) and the...
CBDT invites suggestions on Report of the Committee (MAT-Ind AS) on the framework for computation of book profit for the levy of MAT [Read Report]
On the basis of the recommendations of the Committee on MAT-Ind AS, the Central Government has notified 10 ICDS to vide Notification No. S.O.892(E) dated 31st March 2015. With the approval of the...
![CBEC withdraws circular on levy of excise duty on bagasse, dross etc [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/09/CBEC-Tax-Scan.jpg "CBEC withdraws circular on levy of excise duty on bagasse, dross etc [Read Circular]")
