COVID 19: Key Relaxations – An Opportunity?
The tellers of doom would argue that India Inc is staring at the end of a barrel owing to the contagion. In my view, we are at a cusp, where all the...
![Surcharge on Sales Tax and Turnover Tax is not a Fee or Charge: Kerala HC quashes Income Tax Assessments against Kerala Beverage Corporations [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/01/substantial-rights-Ground-Technical-Lapse-Kerala-HC-Taxscan.jpg "Surcharge on Sales Tax and Turnover Tax is not a Fee or Charge: Kerala HC quashes Income Tax Assessments against Kerala Beverage Corporations [Read Judgment]")
![Tax Authorities should consider Documentary Evidence before confirming Addition for Cash Credits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Cash-Credits-Taxscan.jpg "Tax Authorities should consider Documentary Evidence before confirming Addition for Cash Credits: ITAT [Read Order]")
![Limitation Period of One Year applicable to Excise Refund Claims: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/07/Refund-Taxscan.jpg "Limitation Period of One Year applicable to Excise Refund Claims: Karnataka HC [Read Judgment]")
Bihar Govt. extends 'The Bihar Settlement of Taxation Disputes Act, 2019' for 3 Months [Read Notification]
The Government of Bihar has extended the “Bihar Settlement of Taxation Disputes Act, 2019" for a period of 3 months. The Governor of Bihar empowered under sub-section (3) of Section 1 of The Bihar...
ICAI Accounting Standards differentiating Lease Transactions has no relevance in allowing Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) that the Accounting Standards differentiating lease transactions has no relevance in granting deduction under section 37 of the Income Tax Act, 1961 as the Act...
![ICAI Accounting Standards differentiating Lease Transactions has no relevance in allowing Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Penalty-Books-of-Accounts-Budget-2020-Budget-Scan-Finance-Minister-Taxscan.jpg "ICAI Accounting Standards differentiating Lease Transactions has no relevance in allowing Deduction: ITAT [Read Order]")
![SC seeks RBI’s response on Plea against Interest on Loans amid COVID-19 Lockdown [Read Petition]](https://www.taxscan.in/wp-content/uploads/2020/02/Loans-Interest-Deduction-Finance-Minister-Nirmala-Sitharaman-Budget-2020-Budget-scan-Taxscan.jpg "SC seeks RBI’s response on Plea against Interest on Loans amid COVID-19 Lockdown [Read Petition]")
Maharashtra Govt. issues SOP for Export of Sanitizers, Masks, Paracetamol, Hydrochloride etc. prohibited under DGFT notification [Read Order]
The Government of Maharashtra, on Friday, issued a Standard Operating Procedure (SOP) for. export of sanitizers, masks, paracetamol, hydroxychloroquine, etc., which are restricted under Director...
![Maharashtra Govt. issues SOP for Export of Sanitizers, Masks, Paracetamol, Hydrochloride etc. prohibited under DGFT notification [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/04/WhatsApp-Image-2020-04-30-at-9.09.40-AM.jpeg "Maharashtra Govt. issues SOP for Export of Sanitizers, Masks, Paracetamol, Hydrochloride etc. prohibited under DGFT notification [Read Order]")
Income for Letting out of Mall should be Taxed as Business Income of Builder: Karnataka HC [Read Judgment]
The High Court of Karnataka upheld the decision of the tribunal and held that income received from Forum Mall should be considered as “Income from business” and not “Income from house property”,...
![Income for Letting out of Mall should be Taxed as Business Income of Builder: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/Forum-Mall-Karnataka-High-Court-Income-Tax-Taxscan.jpeg "Income for Letting out of Mall should be Taxed as Business Income of Builder: Karnataka HC [Read Judgment]")
Contravention of COVID-19 Advisory by any Judicial Officer / Staff will be treated as Misconduct: Karnataka HC [Read Circular]
The High Court of Karnataka issued a circular on Friday, stating that any contravention of COVID-19 Advisory by any Judicial Officer or staff will be treated as misconduct, which will attract a...
