Tag: India
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Compensation Received On Account Of Diminution In ESOP Value Is Taxable As Perquisite And Not Capital Gains: Madras High Court
The Madras High Court ruled that the compensation received on account of diminution in ESOP value is taxable as perquisite and not capital gains.
The...
Zonal Chief Commissioners To consult GST Policy Wing or TRU Before Concluding Audits Involving Conflicting Interpretations Of CGST: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has issued an instruction instructing the Zonal Chief Commissioners to consult the GST Policy Wing...
Bombay High Court Quashes Show Cause Raising Service Tax Demand Against Larsen & Toubro
The Bombay High Court quashed the show cause raising service tax demand against Larsen & Toubro.
The court ruled that since show cause notice has...
GNIDA Is Operational Creditor And Not Financial Creditor: NCLAT
The National Company Law Appellate Tribunal, New Delhi ruled that GNIDA is an operational creditor and not financial creditor.
The tribunal observed that there is...
Mining Activity Amounts To Manufacture: CESTAT Allows CENVAT credit
The Customs, Excise & Service Tax Appellate Tribunal, Bangalore, ruled that the mining activity amounts to manufacture.
The tribunal observed that the appellate order relied...