![ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Income-on-sale-of-shares-of-company-LTCG-Taxscan.jpg "ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]")
ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore, on February 5, Income on sale of shares of a company merged should be treated as Long Term...
![ITAT: Compensation received for pre-closure of Contract Manufacturing Agreement is Capital Receipt; not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Compensation-manufacturing-agreement-is-Capital-Receipt-Taxscan.jpg "ITAT: Compensation received for pre-closure of Contract Manufacturing Agreement is Capital Receipt; not Taxable [Read Order]")
![DGFT notifies Amendment of IEC related provisions of Foreign Trade Policy, 2015-2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/DGFT-Amendment-of-IEC-Foreign-Trade-Policy-Taxscan.jpg "DGFT notifies Amendment of IEC related provisions of Foreign Trade Policy, 2015-2020 [Read Notification]")
![CESTAT upholds rejection of Refund Application since Assessee could not file the application Online within Due Date [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/CESTAT-Refund-Application-Taxscan.jpg "CESTAT upholds rejection of Refund Application since Assessee could not file the application Online within Due Date [Read Order]")
Relief to Dodla International: License Fee for licensing a fully furnished Hotel along with License to run the Hotel Taxable as 'Other Income': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai on February 8 ruled that license fee received by an assessee for licensing a fully furnished hotel along with a license to run the hotel is a business...
![Relief to Dodla International: License Fee for licensing a fully furnished Hotel along with License to run the Hotel Taxable as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Dodla-International-License-fee-hotel-Other-Income-ITAT-Taxscan.jpg "Relief to Dodla International: License Fee for licensing a fully furnished Hotel along with License to run the Hotel Taxable as Other Income: ITAT [Read Order]")
Delhi Govt. constitutes Committee to address the Grievances of Tax Professionals Association, Trade Bodies [Read Order]
The Delhi Government constituted the Committee to address the Grievances of Tax Professionals Association, Trade Bodies. The Committee will be chaired by Mr. Pramod Gupta, Assistant Commissioner...
![Delhi Govt. constitutes Committee to address the Grievances of Tax Professionals Association, Trade Bodies [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Delhi-Govt-Grievances-of-Tax-Professionals-Association-Trade-Bodies-Taxscan.jpg "Delhi Govt. constitutes Committee to address the Grievances of Tax Professionals Association, Trade Bodies [Read Order]")
Writ Petition challenging Provision for Input Tax Credit under GST: Gujarat High Court issues notice to Govt [Read Order]
The Gujarat High Court issued the notices to the Government on a plea Challenging validity of Section 16(4) of the CGST Act, 2017. The appellant, Surat Mercantile Association challenged the...
![Writ Petition challenging Provision for Input Tax Credit under GST: Gujarat High Court issues notice to Govt [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Gujarat-High-Court-plea-Challenging-validity-CGST-Act-Taxscan.jpg "Writ Petition challenging Provision for Input Tax Credit under GST: Gujarat High Court issues notice to Govt [Read Order]")
Assessee not entitled to carry forward and set off of unutilized Cess against GST Output Liability: Rajasthan High Court [Read Order]
The Rajasthan High Court held that the assessee is not entitled to carry forward and set off of unutilized Cess against the GST Output Liability. The Petitioner, Jay Ushin Limited has filed the...
![Assessee not entitled to carry forward and set off of unutilized Cess against GST Output Liability: Rajasthan High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/unutilized-Cess-GST-Output-Liability-Rajasthan-High-Court-Taxscan.jpg "Assessee not entitled to carry forward and set off of unutilized Cess against GST Output Liability: Rajasthan High Court [Read Order]")
![No Refund can be claimed if amount of excess Service Tax is transferred in TRANS-1: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/refund-excess-service-tax-TRANS-1-CESTAT-Taxscan.jpg "No Refund can be claimed if amount of excess Service Tax is transferred in TRANS-1: CESTAT [Read Order]")