![ITAT upholds Addition on the basis of Confession made at the Time of Survey [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/survey-ITAT-Taxscan.jpeg "ITAT upholds Addition on the basis of Confession made at the Time of Survey [Read Order]")
ITAT upholds Addition on the basis of Confession made at the Time of Survey [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack Bench upheld the addition on the basis of Confession made at the time of survey. The...
![Mere Non-Submission of E-TDS Statements just a Procedural Lapse, No Loss to Revenue caused: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/E-TDS-Statements-revenue-ITAT-penalty-TDS-penalty.jpeg "Mere Non-Submission of E-TDS Statements just a Procedural Lapse, No Loss to Revenue caused: ITAT deletes Penalty [Read Order]")
Refund to be granted only to Person Who Paid Duty, If Ultimate Consumer can’t be identified Amount to be retained in Fund: Madras High Court [Read Order]
The Madras High Court ruled that the refund be granted only to a person who paid duty if an ultimate consumer can not be identified as the amount to be retained in the fund. The petitioner,...
![Refund to be granted only to Person Who Paid Duty, If Ultimate Consumer can’t be identified Amount to be retained in Fund: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Refund-ultimate-consumer-Madras-HC-Taxscan.jpeg "Refund to be granted only to Person Who Paid Duty, If Ultimate Consumer can’t be identified Amount to be retained in Fund: Madras High Court [Read Order]")
![No Income Tax leviable on Forex Gains arising against Personal Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-leviable-Forex-Gains-Personal-Loan-ITAT-Income-tax-forex-Taxscan.jpeg "No Income Tax leviable on Forex Gains arising against Personal Loan: ITAT [Read Order]")
CBIC issues SoP for Implementation of Provision of Extension of Time Limit to Apply for Cancellation of GST Registration [Read Order]
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular prescribing the Standard of Procedure (SoP) for the implementation of the provision of extension of time limit to apply...
![CBIC issues SoP for Implementation of Provision of Extension of Time Limit to Apply for Cancellation of GST Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/CBIC-SoP-Implementation-of-Provision-of-Extension-of-Time-Limit-Cancellation-of-GST-Registration-Taxscan.jpeg "CBIC issues SoP for Implementation of Provision of Extension of Time Limit to Apply for Cancellation of GST Registration [Read Order]")
If Petitioner given clean chit in SCN Proceedings, concerned Authority may be requested to consider Extension of Export Obligation period: Gujarat HC
The Gujarat High Court ruled that if a petitioner is given clean chit in SCN proceedings, concerned authority may be requested to consider e extension of Export Obligation period. The petitioner,...
Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench ruled that the disallowance made for Exempted Income not to be added for computing of Computation of book profit. The assessee, M/s. Sun...
![Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Exempted-Income-book-profit-ITAT-Taxscan.jpg "Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]")
Abatement of Duty can’t be withheld on Mere Failure of Superintendent of Central Excise to mention about machine which was made Un-Operational: Tripura HC
The Tripura High Court held that the abatement of duty can not be withheld on mere failure of Superintendent of Central Excise to mention about a machine which was made un-operational. The...
Haryana to be the First State to allow Reimbursement of GST on 'Covid items’ Donations [Read Notification]
The Haryana became the first state in India to allow reimbursement of goods and service tax paid by companies, non-governmental organisations and individuals on purchase of 15 items including Covid...
![Haryana to be the First State to allow Reimbursement of GST on Covid items’ Donations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/Haryana-reimbursement-GST-Covid-items-donations-taxscan.jpeg "Haryana to be the First State to allow Reimbursement of GST on Covid items’ Donations [Read Notification]")