ICAI extends Time Period for Commencement of Practical Training of CA Students for appearing in CA Final Exam November, 2023
The Institute of Chartered Accountants of India (ICAI) notified the extension of time period for commencement of Practical Training on or before 30th...
![GST not applicable on Membership Subscription Fees collected from Members of the Club: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/GST-membership-subscription-fees-members-of-the-Club-AAR-Taxscan.jpg "GST not applicable on Membership Subscription Fees collected from Members of the Club: AAR [Read Order]")
Property ceases to be Business Asset When No Depreciation claimed: ITAT treats Profit and Gain arising out of Sale of Property as LTCG
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench ruled that Property ceases to be a business asset when no depreciation is claimed and profit and gain arising out of sale of property...
![No Addition to be made merely on the basis of Dumb documents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Dumb-documents-ITAT-Taxscan.jpg "No Addition to be made merely on the basis of Dumb documents: ITAT [Read Order]")
![Exemption Notifications to be interpreted strictly: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Exemption-Notifications-ITAT-taxscan.jpeg "Exemption Notifications to be interpreted strictly: ITAT [Read Order]")
![Revisional Power excised by CIT(A) based on ‘Cut & Paste’ reasoning Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Revisional-Power-CITA-reasoning-Invalid-ITAT-Taxscan.jpeg "Revisional Power excised by CIT(A) based on ‘Cut & Paste’ reasoning Invalid: ITAT [Read Order]")
Relief to Reliance: Deductions for Profits and Gains from Industrial Undertakings not to be confined to 'Business Income' Only, rules Supreme Court
The Supreme Court of India has ruled that the Deductions for profits and gains from industrial undertakings under Section 80-IA must not be confined to 'Business Income' only. The Assessing...
Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench while quashing the Assessment Order reiterated that the assessment without issuance of notice under section 143(2) is void ab-initio. The...
![Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Assessment2.jpg "Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]")
Depreciation allowable on Machineries kept ready for Use: ITAT allows Relief since Non-Usage of Machineries due to reasons beyond the control of Assessee
The Income Tax Appellate Tribunal (ITAT), Chennai Bench while allowing the relief since non-usage of Machineries due to reasons beyond the control of assessee held that the depreciation allowable on...
