![GST Evasion: Delhi High Court grants Bail to the person accused of availing fraudulent ITC amounting to Rs.10.84 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/GST-Evasion-Delhi-High-Court-Bail-fraudulent-ITC-Taxscan.jpg "GST Evasion: Delhi High Court grants Bail to the person accused of availing fraudulent ITC amounting to Rs.10.84 Cr [Read Order]")
GST Evasion: Delhi High Court grants Bail to the person accused of availing fraudulent ITC amounting to Rs.10.84 Cr [Read Order]
The Delhi High Court granted the bail to the person accused of availing fraudulent Input Tax Credit (ITC) amounting to Rs.10.84 Crores. The...
![Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Partnership-Firm.jpg "Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]")
![GST Evasion: Delhi High Court grants Bail against Offense of Creating Fake Firms & Claiming Fraudulent ITC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/GST-Evasion-Delhi-High-Court-Bail-Offense-of-Creating-Fake-Firms-Claiming-Fraudulent-ITC-Taxscan.jpeg "GST Evasion: Delhi High Court grants Bail against Offense of Creating Fake Firms & Claiming Fraudulent ITC [Read Order]")
![Land Owner not entitled to Deduction u/s 80-IB(10) if no cost incurred towards any Developmental Activity [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Landowner-developmental-activity-Taxscan.jpg "Land Owner not entitled to Deduction u/s 80-IB(10) if no cost incurred towards any Developmental Activity [Read Order]")
![ITAT deletes addition made on account of Cash Gift received from Relatives [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-account-of-cash-gift-Taxscan.jpg "ITAT deletes addition made on account of Cash Gift received from Relatives [Read Order]")
CBIC notifies Systemic improvements regarding modification in the B-17 Bond Execution process [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) issued the circular in respect of systemic improvements regarding modification in the B-17 Bond execution process. In case of EOU or EHTP or...
![CBIC notifies Systemic improvements regarding modification in the B-17 Bond Execution process [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/02/CBIC-Systemic-improvements-regarding-B-17-Bond-Execution-process-Taxscan.jpg "CBIC notifies Systemic improvements regarding modification in the B-17 Bond Execution process [Read Circular]")
Interest on PF contribution above Rs 2.5 lakh to be taxable including government employees covered under GPF, says CBDT Chairman
Finance minister Nirmala Sitharaman had announced in the Budget that employee contributions to the Employees’ Provident Fund (EPF) over Rs.2.5 lakh a year would be taxable from April 1. The move...
DGGI Gurugram arrests Chartered Accountant for collecting GST of Rs. 12.67 cr and withholding from onward deposit to Government
The Directorate General of GST Intelligence (DGGI), North Zone, Gurugram, has arrested Shri Harish Kumar Rampal, Chartered Accountant, proprietor of M/s Rampal and Company(ICAI Reg. No. 080333),...
ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]
The Income Tax Appellate Tribunal, Bangalore ruled that when the assessee is living in joint family, gold credit provided by the Commissioner of Income Tax (CIT(A) as per CBDT instructions should be...
![ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Jewellery-Violation-of-CBDT-Instruction-Taxscan.jpg "ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]")