ICAI launches Website to deal with Disciplinary Mechanism of Chartered Accountants
The Institute of Chartered Accountants of India ( ICAI ) has launched a website on Disciplinary Mechanism to deal with cases and complaints related to...
![Outstanding Sum of Invoices akin to Loan Advanced by assessee to Foreign AE is an International Transaction, AO can’t make Separate Additions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/ITAT-foreign-AE-assessee-Sum-Invoices-Taxscan.jpg "Outstanding Sum of Invoices akin to Loan Advanced by assessee to Foreign AE is an International Transaction, AO can’t make Separate Additions: ITAT [Read Order]")
![RTA Registration Fee collected from Vehicle Buyers Taxable only If Dealer does not discharge Statutory Liabilities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-27-at-2.08.00-PM-2.jpeg "RTA Registration Fee collected from Vehicle Buyers Taxable only If Dealer does not discharge Statutory Liabilities: ITAT [Read Order]")
![SC directs DRT to Transmit Rent received from Property attached to the Amrapali Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Anti-Profiteering-Measure-Supreme-Court-Taxscan.jpg "SC directs DRT to Transmit Rent received from Property attached to the Amrapali Account [Read Order]")
![28% GST is applicable on Retrofitted Vehicle: Karnataka AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/Retrofitted-Vehicle-GST-AAR-AAR-Karnataka-Taxscan.jpeg "28% GST is applicable on Retrofitted Vehicle: Karnataka AAR [Read Order]")
Capital Gain Tax attracts despite Assessee signed a Release Deed waiving his Beneficiary Interests/Title: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held that liability to pay capital gain tax would attract despite the fact that the assessee signed a release deed waiving all...
![Capital Gain Tax attracts despite Assessee signed a Release Deed waiving his Beneficiary Interests/Title: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Gain-Tax-Taxscan.jpg "Capital Gain Tax attracts despite Assessee signed a Release Deed waiving his Beneficiary Interests/Title: ITAT [Read Order]")
No ITC can be claimed on Tax Invoice addressed to Foreign Buyer, If the Applicant is not Recipient of Goods: AAR [Read Order]
The Authority of Advance Ruling (AAR), Karnataka ruled that no Input Tax Credit (ITC) can be claimed on the tax invoice addressed to foreign buyers, if the applicant is not the recipient of goods. The...
![No ITC can be claimed on Tax Invoice addressed to Foreign Buyer, If the Applicant is not Recipient of Goods: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/CBIC-Input-Tax-Credit-Recovery-GST-GSTN-Taxscan.jpg "No ITC can be claimed on Tax Invoice addressed to Foreign Buyer, If the Applicant is not Recipient of Goods: AAR [Read Order]")
![MCA amends Schedule VII of Companies Act, 2013 by inserting ‘PM CARES’ as CSR [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/03/PM-CARES-Funds-CSR-Funds-Taxscan.jpg "MCA amends Schedule VII of Companies Act, 2013 by inserting ‘PM CARES’ as CSR [Read Notification]")
Voluntary Transfer Pricing adjustment eligible for Income Tax Deduction u/s 10AA: ITAT grants Relief to EY [Read Order]
Granting relief to EYBGS India Pvt. Ltd, an IT Company, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the amount of voluntary Transfer pricing adjustment shall be eligible...
![Voluntary Transfer Pricing adjustment eligible for Income Tax Deduction u/s 10AA: ITAT grants Relief to EY [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-14-at-3.03.35-PM.jpeg "Voluntary Transfer Pricing adjustment eligible for Income Tax Deduction u/s 10AA: ITAT grants Relief to EY [Read Order]")
Rajasthan HC denies Bail to person alleged for Wrongful availment of ITC until Investigation is complete [Read Order]
The High Court of Rajasthan has rejected the bail application of the person accused of wrongful availment of Input Tax Credit (ITC) until the investigation is complete. The court directed that...
![Rajasthan HC denies Bail to person alleged for Wrongful availment of ITC until Investigation is complete [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/ITC-Bail-Rajasthan-High-Court-Taxscan.jpeg "Rajasthan HC denies Bail to person alleged for Wrongful availment of ITC until Investigation is complete [Read Order]")
Accidental Recovery of Narcotic Drug by Income Tax Officers would not constitute “Seizure” under NDPS Act: Bombay HC grants relief to Top Birla Executive [Read Judgment]
The Bombay High Court on Friday refused to grant relief to Varthan Pathak, President of Corporate Affairs, Yash Birla Group and held that stumbling of officer upon Contraband like Cocaine during...
![Professional Fee received in Cash Deposited to bank Account cannot be suspected: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/Professional-Fee-ITAT-Cash-Deposited-Taxscan.jpg "Professional Fee received in Cash Deposited to bank Account cannot be suspected: ITAT [Read Order]")