Updates:-

Updates:-

1. No service tax on under construction flats if price includes land value via {Suresh Kumar Bansal vs UOI (Delhi High Court)}
2. Deferred consideration contingent on uncertain future event cannot be taxed before vesting of right to receive via {CIT vs. Mrs. Hemal Raju Shete (Bombay High Court)}
3. No service tax audit by service tax department or CAG via {Mega Cabs Pvt. Ltd. Vs. Union of India & Ors. (Delhi High Court)}
4. CBDT notifies cost inflation index for Financial Year 2016-17 via (Notification No. 42/2016-Income Tax dated 02/06/2016)
5. Section 14A disallowance cannot exceed total expense: CBDT Via (Notification No. 43/2016 dated 02/06/2016)