![Foreign Currency Expenditure for providing Software Development Services can’t be excluded from Export Turnover for Computing Deduction: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Foreign-currency-expenditure-software-development-services-Taxscan.jpg "Foreign Currency Expenditure for providing Software Development Services can’t be excluded from Export Turnover for Computing Deduction: Karnataka HC [Read Judgment]")
Foreign Currency Expenditure for providing Software Development Services can’t be excluded from Export Turnover for Computing Deduction: Karnataka HC [Read Judgment]
The Karnataka High Court held that the Foreign currency expenditure incurred for providing software development services outside India cannot be...
![Penalty can’t be levied on Sun Infra Service for denying benefit of ITC to Flat Buyers: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/NAA-ITC-Sun-Infra-Service-Flat-Buyers-Taxscan-1.jpg "Penalty can’t be levied on Sun Infra Service for denying benefit of ITC to Flat Buyers: NAA [Read Order]")
![Relief to EY: ITAT allows Deduction under Section 10AA on Incremental Income arisen pursuant to APA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-APA-EY-Taxscan.jpg "Relief to EY: ITAT allows Deduction under Section 10AA on Incremental Income arisen pursuant to APA [Read Order]")
No separate benchmarking should be done of the outstanding receivable as outstanding receivable are part of the Working Capital: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that the assessee has been granted the working capital adjustment while computing the arm’s length price of the international...
![No separate benchmarking should be done of the outstanding receivable as outstanding receivable are part of the Working Capital: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-working-capital-Taxscan.jpeg "No separate benchmarking should be done of the outstanding receivable as outstanding receivable are part of the Working Capital: ITAT [Read Order]")
Delhi HC refuses to direct authorities to accept the declaration and issue a discharge certificate in Form SVLDRS-4 [Read Order]
The Delhi High Court refused to direct authorities to accept the declaration and issue a discharge certificate in Form SVLDRS-4. The Petitioner, Chaque Jour HR Service Pvt. Ltd. is a Company...
![Delhi HC refuses to direct authorities to accept the declaration and issue a discharge certificate in Form SVLDRS-4 [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Form-SVLDRS-4-discharge-certificate-declaration-Taxscan.jpeg "Delhi HC refuses to direct authorities to accept the declaration and issue a discharge certificate in Form SVLDRS-4 [Read Order]")
Govt. Caps MEIS Benefits for Exporters at Rs 2 Crore on Shipments Between Sept 1 to Dec 31 [Read Notification]
The government on Tuesday capped export incentives under the scheme, MEIS, at Rs 2 crore per exporter on outbound shipments made during the period from September 1 to December 31, 2020. The move...
![Govt. Caps MEIS Benefits for Exporters at Rs 2 Crore on Shipments Between Sept 1 to Dec 31 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/09/MEIS-shipments-Taxscan.jpg "Govt. Caps MEIS Benefits for Exporters at Rs 2 Crore on Shipments Between Sept 1 to Dec 31 [Read Notification]")
TDS deducted on offshore supply contracts in India, assessee eligible for refund of TDS Credit: ITAT directs AO to quantify refunds [Read Order]
The Income Tax Appellate Tribunal (ITAT) while directing the Assessing Officer (AO) to quantify the refund held that TDS deducted on offshore supply contracts in India, assesses eligible for refund...
![TDS deducted on offshore supply contracts in India, assessee eligible for refund of TDS Credit: ITAT directs AO to quantify refunds [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-TDS-AO-Taxscan.jpg "TDS deducted on offshore supply contracts in India, assessee eligible for refund of TDS Credit: ITAT directs AO to quantify refunds [Read Order]")
Delhi HC permits Kyrgyzstan National possessing 3 Kgs of Gold at Airport to go back to Kyrgyzstan after depositing Rs.10 Lakhs [Read Order]
The Delhi High Court permitted Kyrgyzstan National possessing 3 Kgs of Gold at Airport to go back to Kyrgyzstan after depositing Rs.10 Lakhs. The allegations levelled against the...
![Delhi HC permits Kyrgyzstan National possessing 3 Kgs of Gold at Airport to go back to Kyrgyzstan after depositing Rs.10 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Kyrgyzstan-National-Gold-Airport-Taxscan.jpg "Delhi HC permits Kyrgyzstan National possessing 3 Kgs of Gold at Airport to go back to Kyrgyzstan after depositing Rs.10 Lakhs [Read Order]")
Madras HC orders Provisional Release of Goods after collecting the Customs Duty and Other Charges [Read Order]
The Madras High Court directed the respondent authority to release the goods after assessing and collecting the customs duty and other charges provisionally within a period of three weeks. The...
![Madras HC orders Provisional Release of Goods after collecting the Customs Duty and Other Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Madras-High-Court-Customs-duty-Goods-provincial-Release-Taxscan.jpg "Madras HC orders Provisional Release of Goods after collecting the Customs Duty and Other Charges [Read Order]")