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On-Money not found Credited in Books of Account during Search proceedings can't be brought to Tax: ITAT
The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that On-money that is not found credited in the books of account during search proceedings...
![Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/ADs-lend-money-NRI-Govt.-Securities-RBI-FEMA-Regulation-Taxscan.jpeg "Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]")
![GST: Orissa HC issues Notice to Govt. on Plea Challenging Denial of ITC to Buyer of Goods, Services for Default of Supplier [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/GST-Orissa-High-Court-notice-Plea-Challenging-ITC-Buyer-of-Goods-Supplier-Taxscan.jpg "GST: Orissa HC issues Notice to Govt. on Plea Challenging Denial of ITC to Buyer of Goods, Services for Default of Supplier [Read Order]")
![CBIC issues SOP for EOUs / STP / EHTP [Read SOP]](https://www.taxscan.in/wp-content/uploads/2021/05/CBIC-SOP-EOUs-STP-EHTP-Taxscan.jpeg "CBIC issues SOP for EOUs / STP / EHTP [Read SOP]")
![Delhi High Court issues notice to Govt., GST Council on Plea seeking GST Relief On COVID-19 Imports Purchased for Donations to States [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Delhi-High-Court-notice-Govt.-GST-Council-GST-Relief-COVID-19-Imports-Donations-to-States-taxscan.jpeg "Delhi High Court issues notice to Govt., GST Council on Plea seeking GST Relief On COVID-19 Imports Purchased for Donations to States [Read Order]")
GST Council Meet: Current Ad-hoc Exemptions to Covid Relief Items to be Continued till August, No IGST on Black Fungus Drug
In the 43rd GST Council meeting, chaired by Finance Minister Nirmala Sitharaman announced exemption of IGST on COVID-19 relief items and Black Fungus Drug. The ad-hoc exemption already available...
