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![CBDT replaces Annual Statement of TDS/TCS with new Annual Information Statement: Rules Amended [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-14-at-3.01.42-PM.jpeg "CBDT replaces Annual Statement of TDS/TCS with new Annual Information Statement: Rules Amended [Read Notification]")
CBDT replaces Annual Statement of TDS/TCS with new Annual Information Statement: Rules Amended [Read Notification]
The Central Board of Direct Taxes (CBDT) on Thursday notified Income Tax (11th Amendment) Rules, 2020. The CBDT empowered under Section 285BB read...
![Lockdown Period should be excluded from 90 Days Period to pronounce Tribunal Order, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-29-at-1.08.25-PM.jpeg "Lockdown Period should be excluded from 90 Days Period to pronounce Tribunal Order, says ITAT [Read Order]")
![Delay in Receiving the Transshipment Application at Air Cargo Complex due to alleged arrest of Officers, shouldn’t be at the cost of Qatar Airways: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/Qatar-Airways-Transshipment-Madras-High-Court-Taxscan.jpg "Delay in Receiving the Transshipment Application at Air Cargo Complex due to alleged arrest of Officers, shouldn’t be at the cost of Qatar Airways: Madras HC [Read Judgment]")
![DCIT can’t Re-Open Assessment after 4 years to deny Deduction unless any Income Chargeable to Tax escaped Assessment: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/DCIT-assessment-deduction-Taxscan.jpg "DCIT can’t Re-Open Assessment after 4 years to deny Deduction unless any Income Chargeable to Tax escaped Assessment: Madras HC [Read Judgment]")
![Entire Purchases can’t be Disallowed as Bogus, If AO accepted Sales: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/Bombay-High-Court-NAA-Taxscan.jpg "Entire Purchases can’t be Disallowed as Bogus, If AO accepted Sales: Bombay HC [Read Judgment]")
Excess ITC has to be Refunded back to Dealer, can’t be carried Forward for Adjustment of Future Tax Liability: Madras HC [Read Judgment]
The High Court of Madras held that excess Input Tax Credit (ITC) has to be refunded back to the dealer. There was no provision for carrying forward such Input Tax Credit for adjustment of tax...
![Excess ITC has to be Refunded back to Dealer, can’t be carried Forward for Adjustment of Future Tax Liability: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-28-at-12.36.09-PM.jpeg "Excess ITC has to be Refunded back to Dealer, can’t be carried Forward for Adjustment of Future Tax Liability: Madras HC [Read Judgment]")
![12% GST applicable to Kraft Paper, Honeycomb Board or Paper Honeycomb Board: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-28-at-1.23.16-PM.jpeg "12% GST applicable to Kraft Paper, Honeycomb Board or Paper Honeycomb Board: AAR [Read Order]")
![18% GST applicable on Works Contract for NCBS: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Service-Tax-Construction-Taxscan.jpg "18% GST applicable on Works Contract for NCBS: AAR [Read Order]")
No Purchase Tax can be levied If Turnover is less than Rs. 300 Crores per year: Madras HC [Read Judgment]
The High Court of Madras while quashing the orders of the respondent authority held that the levy of Purchase Tax under Section 12 of the Tamil Nadu Value-added Tax Act, 2006 is not attracted if the...
![No Purchase Tax can be levied If Turnover is less than Rs. 300 Crores per year: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/07/Bogus-Purchases-Taxscan.jpg "No Purchase Tax can be levied If Turnover is less than Rs. 300 Crores per year: Madras HC [Read Judgment]")
![Supply services of Food and Drinks to Educational Institutions exempted from GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Supply-of-Foods-AAR-Taxscan.jpg "Supply services of Food and Drinks to Educational Institutions exempted from GST: AAR [Read Order]")