Taxscan Team
![Capital Gain out of Sale Proceeds declared under IDS Scheme: ITAT deletes S. 68 Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Capital-Gain-out-of-Sale-Proceeds-IDS-Scheme-ITAT-S.-68-Addition.jpg "Capital Gain out of Sale Proceeds declared under IDS Scheme: ITAT deletes S. 68 Addition [Read Order]")
Capital Gain out of Sale Proceeds declared under IDS Scheme: ITAT deletes S. 68 Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that since the assessee has duly offered the capital gain out of sale proceeds under...
![Penalty u/s 271(c) of Income Tax Act not imposable in the absence of deliberate Concealment and Inaccurate particulars: Madhya Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Penalty-Income-Tax-Act-Madhya-Pradesh-HC-taxscan.jpg "Penalty u/s 271(c) of Income Tax Act not imposable in the absence of deliberate Concealment and Inaccurate particulars: Madhya Pradesh HC [Read Order]")
![AO should take Cognizance of Claim made by Assessee on filing of Revised Returns and should proceed in Assessment Stage: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-Revised-Returns-Assessment-ITAT-taxscan.jpg "AO should take Cognizance of Claim made by Assessee on filing of Revised Returns and should proceed in Assessment Stage: ITAT [Read Order]")
![Gold Smuggling Case against Five Sri-Lankan Nationals: Madras HC rejects Plea for Release of Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Gold-Smuggling-Case-Madras-HC-TAXSCAN.jpg "Gold Smuggling Case against Five Sri-Lankan Nationals: Madras HC rejects Plea for Release of Goods [Read Order]")
Sale Consideration of Software Products not Taxable as Royalty under Article 12 of India-Singapore DTAA: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, while deciding an appeal filed before it, held that sale consideration of software products is not taxable as royalty under...
Guarantor shall pay off Debt on Default of Payment to Financial Creditor IL&FS: NCLAT upholds Order of Liquidation [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) recently held that the guarantor is obligated to pay off the dues of the Corporate Debtor, Infrastructure Leasing &...
![Guarantor shall pay off Debt on Default of Payment to Financial Creditor IL&FS: NCLAT upholds Order of Liquidation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Debt-Payment-Financial-Creditor-ILFS-NCLAT-Liquidation-taxscan.jpg "Guarantor shall pay off Debt on Default of Payment to Financial Creditor IL&FS: NCLAT upholds Order of Liquidation [Read Order]")
![GST not leviable on Surety Bond Forfeiture Compensation and Notice Pay Recovery: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-leviable-Surety-Bond-Compensation-Notice-AAR-TAXSCAN.jpg "GST not leviable on Surety Bond Forfeiture Compensation and Notice Pay Recovery: AAR [Read Order]")
Stamp Duty Collected from Customers Treated as Trading Receipt under 43B(a) Allowable: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Cochin Bench, has recently in an appeal filed before it, held that, stamp duty collected from customers shall be treated as trading receipt under 43b(a),...
![Stamp Duty Collected from Customers Treated as Trading Receipt under 43B(a) Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Stamp-Duty-Customers-Trading-Receipt-ITAT-taxscan.jpg "Stamp Duty Collected from Customers Treated as Trading Receipt under 43B(a) Allowable: ITAT [Read Order]")
Illegal Mining Leak Case: Supreme Court dismisses Plea seeking Income Tax Probe against Jharkhand CM Hemant Soren [Read Judgment]
In a major relief for Jharkhand Chief minister Hemant Soren, the Supreme Court has set aside the Jharkhand high court’s orders holding Public Interest Litigations (PILs) seeking a probe against...
![Illegal Mining Leak Case: Supreme Court dismisses Plea seeking Income Tax Probe against Jharkhand CM Hemant Soren [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/11/Mining-Leak-Case-Supreme-Court-Income-Tax-Jharkhand-CM-Hemant-Soren-taxscan.jpg "Illegal Mining Leak Case: Supreme Court dismisses Plea seeking Income Tax Probe against Jharkhand CM Hemant Soren [Read Judgment]")
No Material to Form ‘Reason to Believe’: ITAT quashes Re-Assessment against Oracle for Assessing Royalty from Global Deals [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, while deciding the appeals filed before it, held that when there is no material to form ‘reason to believe’, re-assessment...
![No Material to Form ‘Reason to Believe’: ITAT quashes Re-Assessment against Oracle for Assessing Royalty from Global Deals [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ITAT-Re-Assessment-Royalty-taxscan.jpg "No Material to Form ‘Reason to Believe’: ITAT quashes Re-Assessment against Oracle for Assessing Royalty from Global Deals [Read Order]")