![Govt. notifies appointment of members of CBIC [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Government-appointment-of-members-CBIC-Taxscan.jpg "Govt. notifies appointment of members of CBIC [Read Notification]")
Govt. notifies appointment of members of CBIC [Read Notification]
The Government has notified the appointment of members of the Central Board of Indirect Taxes and Customs (CBIC). The Appointments Committee of...
![Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-on-loan-mechanism-for-bifurcation-of-service-Bombay-High-court-Taxscan.jpeg "Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]")
GST Evasion: CGST Delhi officials arrests 4 in 3 different cases of Input Tax Credit fraud of Rs 178 cr
In the ensuing initiative to counter the menace of fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi North, on the basis of intelligence developed...
![CESTAT deletes Penalty against IVRCL in absence of allegation of Fraud, Mis-representation [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/CESTAT-penalty-IVRCL-fraud-mis-representation-Taxscan.jpeg "CESTAT deletes Penalty against IVRCL in absence of allegation of Fraud, Mis-representation [Read Order]")
Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi held that the option money received by the assessee is capital receipt which requires an adjustment only at the time of transfer of the shares by Dabur...
![Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Dabur-money-Capital-Receipt-adjustment-Transfer-of-Shares-ITAT-taxscan.jpg "Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]")
Is Transporter required to maintain any Records of Services of Transportation under GST? CBIC clarifies issues on Transports and Logistics
The Central Board of Indirect Taxes and Customs (CBIC) notified the Frequently Asked Questions (FAQs) so as to clarify the issues on Transports and Logistics. It was clarified that a single...
ICMAI directs not to Form Multidisciplinary Partnership Firms with Members of Other Professional bodies till guidelines are notified
The Institute of Cost Accountants of India (ICMAI) notified the formation of Multidisciplinary Partnership Firms. In terms of section 2(2) of the Cost and Works Accountants Act, 1959, “a member of...
Relief to IBM: Revenue Dept. demand of Service Tax barred by limitation in the absence fraud collusion, misstatement, says Karnataka High Court [Read Judgment]
In a relief to IBM India, the Karnataka High Court held that the demand of the revenue department for Service Tax is barred by limitation in the absence of fraud collusion, misstatement, or any...
![Relief to IBM: Revenue Dept. demand of Service Tax barred by limitation in the absence fraud collusion, misstatement, says Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Relief-to-IBM-Revenue-Dept-demand-of-Service-Tax-fraud-collusion-misstatement-Karnataka-High-Court-Taxscan-1.jpg "Relief to IBM: Revenue Dept. demand of Service Tax barred by limitation in the absence fraud collusion, misstatement, says Karnataka High Court [Read Judgment]")