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![Rent received by Trust from Shops Purchased out of Surplus Fund is Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Rent-Income-Taxscan.jpg "Rent received by Trust from Shops Purchased out of Surplus Fund is Taxable: ITAT [Read Order]")
Rent received by Trust from Shops Purchased out of Surplus Fund is Taxable: ITAT [Read Order]
The rental income received by a Trust from the properties purchased out of the surplus fund is not exempted under the Income Tax Act, 1961, said the...
![CBDT extends Time Limit for Processing of ITRs filed with refund claims up to AY 2017-18 till 31-12-2019 [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/ITR-Taxscan.jpg "CBDT extends Time Limit for Processing of ITRs filed with refund claims up to AY 2017-18 till 31-12-2019 [Read Order]")
![CCI imposes Penalty on SAAR IT Resources Private Limited and others [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/CCI-Taxscan.jpg "CCI imposes Penalty on SAAR IT Resources Private Limited and others [Read Order]")
![Toll Way Rights are Intangible Assets: ITAT allows 25% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Network-Rights-Depreciation-Taxscan.jpg "Toll Way Rights are Intangible Assets: ITAT allows 25% Depreciation [Read Order]")
![Professional Fee paid for Valuation of Know-How is allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Professional-Fee-Business-Expenditure-Taxscan.jpg "Professional Fee paid for Valuation of Know-How is allowable as Deduction: ITAT [Read Order]")
Insolvency Law vital for stability in Financial Systems: Vice President Inaugurates Insolvency Research Foundation
The Vice President of India, Shri M. Venkaiah Naidu has said the enactment of Insolvency and Bankruptcy Code was one of the success stories of Indian economic reforms and that it played a critical...
GST Evasion: Central GST Delhi North Commissionerate busts racket of issuance of Fake Invoices without actual Supply of Goods and Services
Central GST Delhi North Commissionerate has busted a racket of issuance of fake invoices without actual supply of goods and services. Two individuals – Asrar Akhtar and Vikas Singh have been arrested...
![Gujarat HC strikes down CBIC Notification lapsing Unutilized Input Tax Credit [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/08/Input-Tax-Credit-Unutilized-Input-Tax-Credit-Gujarat-High-Court-Taxscan.jpg "Gujarat HC strikes down CBIC Notification lapsing Unutilized Input Tax Credit [Read Judgment]")
![No GST for Supply of Maritime Products from Bonded Warehouses to Vessels: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/Vessel-Taxscan.jpg "No GST for Supply of Maritime Products from Bonded Warehouses to Vessels: AAR [Read Order]")