![LTCG to be computed on the basis of Guidance Value of Property as on date of Sale Agreement, not on date of Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/LTCG-guidance-value-of-property-Sale-Agreement-Sale-Deed-ITAT-Taxscan.jpeg "LTCG to be computed on the basis of Guidance Value of Property as on date of Sale Agreement, not on date of Sale Deed: ITAT [Read Order]")
LTCG to be computed on the basis of Guidance Value of Property as on date of Sale Agreement, not on date of Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the long term capital gains (LTCG) to be computed on the basis of guidance value...
![ITAT quashes notice of Re-assessment against MRF [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-MRF-Re-Assessment-Notice-Taxscan.jpg "ITAT quashes notice of Re-assessment against MRF [Read Order]")
![Interest Income linked with Power Plant set up is Capital Receipt, can’t be Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-income-power-plant-capital-receipt-ITAT-Taxscan.jpg "Interest Income linked with Power Plant set up is Capital Receipt, can’t be Taxed: ITAT [Read Order]")
ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench upheld the addition on the ground that the assessee failed to explain the source of cash deposit in her bank account during the demonetization...
![ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-source-of-cash-deposit-bank-account-demonetization-Taxscan.jpg "ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]")
Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]
The Supreme Court held that the Collusive or sham transactions with a corporate debtor will not amount to ‘financial debt’ under the Insolvency and Bankruptcy Code 2016. The appellant, Phoenix Arc...
![Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Collusive-Sham-Transactions-Corporate-Debtor-Financial-Debt-Supreme-Court-Taxscan.jpg "Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]")
Budget 2021: CBIC exempts Agriculture Infrastructure and Development Cess on blended Fuels [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified the exemption of Agriculture Infrastructure and Development Cess on blended fuels. The Central Government being satisfied that it is...
![Budget 2021: CBIC exempts Agriculture Infrastructure and Development Cess on blended Fuels [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Budget-2021-CBIC-Agriculture-Infrastructure-Development-Cess-on-blended-fuels-Taxscan.jpg "Budget 2021: CBIC exempts Agriculture Infrastructure and Development Cess on blended Fuels [Read Notification]")
Supreme Court to hear plea seeking to direct the Institute of Cost Accountants of India to use acronym ICOAI and not ICAI [Read Petition]
The Supreme Court heard a plea seeking to direct the Institute of Cost Accountants of India to use the acronym ICOAI and not ICAI. The petitioner, CA V.Venkata Sivakumar is a gold medalist in...
