The Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has quashed the service tax demand and penalty and held that the freight charges incurred for transportation of goods
Taxation
Know MoreThe Delhi High Court has held that the petitioner's real intent was to ensure that gift tax is not levied on donee.
Taxation
Know MoreThe Central Board of Direct Taxes (CBDT) has notified the conditions for an income tax deduction for expenditure on COVID-19 treatment.
Taxation
Know MoreThe Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest payment on late payment of TDS is not an eligible business expenditure for deduction.
Taxation
Know MoreThe Central Board of Indirect Taxes and Customs (CBIC) has notified a 15% Customs Duty on the display assembly of a cellular mobile phone.
Taxation
Know MoreThe Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that customs duty is allowable only on a payment basis under section 43B of the Income Tax Act.
Taxation
Know MoreThe (ITAT) has held that the compensation received in respect of an award or agreement has been exempt from the levy of income tax as per section 96 of the Right to Fair Compensation.
Taxation
Know MoreThe Director General of Foreign Trade (DGFT) has extended the deadline for uploading all such Electronic Bank Realisation Certificates (e-BRCs) for shipping bills.
Taxation
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