Taxscan Team
![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]")
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]
The Bombay High Court allowed to file GST TRAN-1 regard to distribution and eligibility of ISD credit of Service Tax, and thereby granting relief to...
![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]](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]](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]")
Addition of Income based on statement of Director without verifying details of Payments from Third Parties is not permissible: ITATÂ [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Addition of Income based on the statement of the Director without verifying details of payments from Third parties is...
![Addition of Income based on statement of Director without verifying details of Payments from Third Parties is not permissible: ITATÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Addition-of-Income-addition-income-statement-of-Director-statement-Payments-Third-Parties-ITAT-taxscan.jpg "Addition of Income based on statement of Director without verifying details of Payments from Third Parties is not permissible: ITATÂ [Read Order]")
![VAT Payment would not amount to Fee u/s 40(a)(iib) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/VAT-Payment-Income-Tax-Act-ITAT-TAXSCAN.jpg "VAT Payment would not amount to Fee u/s 40(a)(iib) of Income Tax Act: ITAT [Read Order]")
ESOP price difference between Exercise Price and Market Price are allowable Deduction: ITAT rules in favour of Mahindra [Read Order]
In a significant ruling in favour of Mahindra, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the ESOP price difference between the exercise price and the market price...
![ESOP price difference between Exercise Price and Market Price are allowable Deduction: ITAT rules in favour of Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ESOP-difference-between-Exercise-Price-Market-Price-Deduction-ITAT-Mahindra-TAXSCAN.jpg "ESOP price difference between Exercise Price and Market Price are allowable Deduction: ITAT rules in favour of Mahindra [Read Order]")