ICAI issues FAQs on LLP Settlement Scheme 2020
The Corporate Laws & Corporate Governance Committee of ICAI has issued a clarification on LLP Settlement Scheme 2020 which was announced by the...
![No Penalty merely on basis of Admission during Search without Incriminating Materials: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-9-2.jpg "No Penalty merely on basis of Admission during Search without Incriminating Materials: ITAT [Read Order]")
![Reimbursement of Equipment Lost in Hole is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Reimbursement-Capital-Receipt-Taxscan.jpg "Reimbursement of Equipment Lost in Hole is Capital Receipt: ITAT [Read Order]")
![Kolkata Penny Stock Scam: ITAT upholds Addition against Investor [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Stocks-Taxscan.jpg "Kolkata Penny Stock Scam: ITAT upholds Addition against Investor [Read Order]")
![Warrant Expenses deductible from Book Profit: ITAT grants relief to Lenovo [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Lenovo-Warrantly-Expenses-Taxscan.jpg "Warrant Expenses deductible from Book Profit: ITAT grants relief to Lenovo [Read Order]")
Rent from Children can’t be treated as a Tool for Evasion if it is a Genuine Arrangement for Tax Savings: ITAT [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the rent received from son and daughter of the assessee could not be treated as a tax evasion tool if the...
![Rent from Children can’t be treated as a Tool for Evasion if it is a Genuine Arrangement for Tax Savings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Rent-Tax-Savings-ITAT-Taxscan.jpg "Rent from Children can’t be treated as a Tool for Evasion if it is a Genuine Arrangement for Tax Savings: ITAT [Read Order]")
AAR affirms Newtown Kolkata Development Authority is a ‘Local Authority’ and entitled to Exemption on Service [Read Order]
The West Bengal Authority of Advance Ruling (AAR) affirmed that Newtown Kolkata Development Authority (NKDA) is a ‘Local Authority’ and is entitled to the benefit of the exemption on the services. ...
![AAR affirms Newtown Kolkata Development Authority is a ‘Local Authority’ and entitled to Exemption on Service [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Newtown-Kolkata-Development-Authority-GST-Taxscan.jpg "AAR affirms Newtown Kolkata Development Authority is a ‘Local Authority’ and entitled to Exemption on Service [Read Order]")
Public Health, Sanitation, Conservancy and Solid Waste Management eligible for GST Exemption: AAR [Read Order]
The West Bengal Authority for Advance Ruling (AAR) has held that the Public health, sanitation, conservancy, and solid waste management that such service is a function of 'public health' entrusted to...
![Public Health, Sanitation, Conservancy and Solid Waste Management eligible for GST Exemption: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Public-Health-Sanitation-GST-Exemption-Taxscan.jpg "Public Health, Sanitation, Conservancy and Solid Waste Management eligible for GST Exemption: AAR [Read Order]")
![Supplies of Composite Printing Services to recipient located in lndia are Taxable: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Printing-Contracts-Taxscan.jpg "Supplies of Composite Printing Services to recipient located in lndia are Taxable: AAR [Read Order]")
GST Registration can be Cancelled for not Furnishing Returns for a continuous period of Six Months: Kerala HC [Read Judgment]
The Kerala High Court has ruled that the proper officer may cancel the GST registration of a person for not furnishing the returns for a continuous period of six months. The petitioner is an assessee...
![GST Registration can be Cancelled for not Furnishing Returns for a continuous period of Six Months: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/03/GST-Registration-Returns-Kerala-High-Court-Taxscan.jpg "GST Registration can be Cancelled for not Furnishing Returns for a continuous period of Six Months: Kerala HC [Read Judgment]")
NAA directs to deposit Profiteered Amount in Consumer Welfare Fund due to Unidentified Recipient [Read Order]
The National Anti- Profiteering Authority (NAA) has directed to deposit profiteered amount in consumer welfare fund due to unidentified recipient. An application was received by the Standing...
![NAA directs to deposit Profiteered Amount in Consumer Welfare Fund due to Unidentified Recipient [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Consumer-Welfare-Fund-Taxscan.jpg "NAA directs to deposit Profiteered Amount in Consumer Welfare Fund due to Unidentified Recipient [Read Order]")