Taxscan Team
![Utilization of Capital Gain within one year from taking possession of New Flat: ITAT allows Deduction u/s 54 and 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Utilization-of-Capital-Gain-capital-gain-Flat-ITAT-Deduction-income-tax-taxscan.jpg "Utilization of Capital Gain within one year from taking possession of New Flat: ITAT allows Deduction u/s 54 and 54F [Read Order]")
Utilization of Capital Gain within one year from taking possession of New Flat: ITAT allows Deduction u/s 54 and 54F [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), allowed deduction under Section 54 and 54F of the Income Tax Act, 1961 on the ground...
![Income from Compensation of Land Acquisition u/s 96 RFCTLARR Act not taxable under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-compensation-Compensation-of-Land-Acquisition-Land-Acquisition-RFCTLARR-Act-Income-Tax-Income-Tax-Act-ITAT-TAXSCAN.jpg "Income from Compensation of Land Acquisition u/s 96 RFCTLARR Act not taxable under Income Tax Act: ITAT [Read Order]")
![Gauhati HC grants bail to Mahabir Jain in GST Commissioner Bribery Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Gauhati-High-Court-Gauhati-HC-grants-bail-to-Mahabir-Jain-bail-Mahabir-Jain-GST-GST-Commissioner-GST-Commissioner-Bribery-Case-Bribery-Case-taxscan-taxnews-1.jpg "Gauhati HC grants bail to Mahabir Jain in GST Commissioner Bribery Case [Read Order]")
![Relief to Nuvoco Vistas: Bombay HC allows to file GST TRAN-1 regard to distribution and eligibility of ISD Credit of Service Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Nuvoco-Vistas-Bombay-HC-GST-TRAN-1-ISD-Credit-of-Service-Tax-TAXSCAN.jpg "Relief to Nuvoco Vistas: Bombay HC allows to file GST TRAN-1 regard to distribution and eligibility of ISD Credit of Service Tax [Read Order]")
![ICAI challenges ITAT Rule mandating 25 Years of Experience to Chartered Accountants to be Appointed as Member: Supreme Court issues Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ICAI-ITAT-Rule-mandating-25-Years-of-Experience-Chartered-Accountants-Supreme-Court-Notice-Taxscan.jpg "ICAI challenges ITAT Rule mandating 25 Years of Experience to Chartered Accountants to be Appointed as Member: Supreme Court issues Notice [Read Order]")
SEBI Notifies Amendment to Regulations regarding Issue of Capital and Disclosure Requirements [Read Notification]
The Securities and Exchange Board of India (SEBI) has notified the amendment to the SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2022. As per the...
![SEBI Notifies Amendment to Regulations regarding Issue of Capital and Disclosure Requirements [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/11/SEBI-Notifies-Amendment-Regulations-regarding-Issue-of-Capital-and-Disclosure-Requirements-TAXSCAN.jpg "SEBI Notifies Amendment to Regulations regarding Issue of Capital and Disclosure Requirements [Read Notification]")
Society providing Works Contract of Repairing, Renovations and Rehabilitation Cannot Avail ITC: AAAR [Read Order]
The Maharashtra appellate Authority of Advance Ruling (AAAR) held that Input Tax Credit (ITC) cannot be availed by Housing Society, providing works contract service for repairs, renovations &...
![Society providing Works Contract of Repairing, Renovations and Rehabilitation Cannot Avail ITC: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Works-Contract-Works-Contract-of-Repairing-ITC-AAAR-taxscan.jpg "Society providing Works Contract of Repairing, Renovations and Rehabilitation Cannot Avail ITC: AAAR [Read Order]")
![RBI includes GSTN as a Financial Information Provider under Account Aggregator Framework [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/11/RBI-GSTN-Financial-Information-Account-Account-Aggregator-taxscan.jpg "RBI includes GSTN as a Financial Information Provider under Account Aggregator Framework [Read Notification]")
![Interest received from FDR Taxable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/FDR-Interest-Interest-received-from-FDR-Income-ITAT-taxscan.jpg "Interest received from FDR Taxable as ‘Other Income’: ITAT [Read Order]")
![Depreciation at 60% Allowable on Computer Softwares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Depreciation-Computer-Softwares-ITAT-TAXSCAN.jpg "Depreciation at 60% Allowable on Computer Softwares: ITAT [Read Order]")
Mandatory furnishing of Correct and Proper Information of Ineligible / Blocked ITC and Reversal in GSTR-3B: Kerala Govt Issues Instructions [Read Circular]
The Kerala GST department has issued a set of instructions regarding the mandatory furnishing of correct and proper information of ineligible / blocked Input Tax Credit (ITC) and reversal thereof in...
![Mandatory furnishing of Correct and Proper Information of Ineligible / Blocked ITC and Reversal in GSTR-3B: Kerala Govt Issues Instructions [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/11/Mandatory-furnishing-Information-Ineligible-Blocked-ITC-GSTR-3B-Kerala-Govt-Issues-Instructions-TAXSCAN.jpg "Mandatory furnishing of Correct and Proper Information of Ineligible / Blocked ITC and Reversal in GSTR-3B: Kerala Govt Issues Instructions [Read Circular]")
State being an 'Agent' for Collection of CST, cannot Refuse Refund of Excess Tax Paid by Purchasing Dealer: Calcutta HC [Read Order]
In a major relief to Tata Steel, the Calcutta High Court has allowed a plea seeking to grant of refund of excess CST paid as a purchasing dealer. The petitioner, M/s Tata Steel is a registered...
![State being an Agent for Collection of CST, cannot Refuse Refund of Excess Tax Paid by Purchasing Dealer: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Agent-Collection-of-CST-CST-Refund-Refund-of-Excess-Tax-Excess-Tax-Tax-Calcutta-HC-taxscan.jpg "State being an Agent for Collection of CST, cannot Refuse Refund of Excess Tax Paid by Purchasing Dealer: Calcutta HC [Read Order]")