GST Portal issues Advisory for change in Taxpayer type from SEZ to Regular or Regular to SEZ
The Goods and Services Tax (GST) portal recently issued an advisory for change in taxpayer type from Special Economic Zone (SEZ) to Regular or Regular...
![GST: CBEC to verify 50,000 Transitional Credit Claims [Read Letter]](https://www.taxscan.in/wp-content/uploads/2017/08/Transitional-ITC-under-GST.jpg "GST: CBEC to verify 50,000 Transitional Credit Claims [Read Letter]")
![IGST Refund to Exporters: Govt Clarifies Issues on EGM related Errors [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/01/Refund-Taxscan.jpg "IGST Refund to Exporters: Govt Clarifies Issues on EGM related Errors [Read Circular]")
![Jewellery received by a Lady during the Span of 20 years of Marriage can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Jewellery-ITAT-Taxscan.jpg "Jewellery received by a Lady during the Span of 20 years of Marriage can’t be treated as Unexplained: ITAT [Read Order]")
Expenses Incurred for Earning Dividend Income including Finance Charges are allowable as Deduction: ITAT [Read Order]
The ITAT in the case of M/s. Asia Investments Private Limited vs revenue has said that expenses incurred for earning dividend income including finance charges are allowable as deduction. Presently...
![Expenses Incurred for Earning Dividend Income including Finance Charges are allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Dividend-Income-Taxscan.jpg "Expenses Incurred for Earning Dividend Income including Finance Charges are allowable as Deduction: ITAT [Read Order]")
Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]
In the case between M/s. Runwal Constructions vs. Assistant Commissioner of Income Tax, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently ruled that the Assessing Officer cannot take...
![Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flat-Taxscan.jpg "Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]")
Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]
In a recent decision in Nitin Kumar Ganeriwala vs. Income Tax Officer, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that excess expenditure cannot be allowed since...
![Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]")
![HUF can’t be treated as a ‘Donor’ of Gift for the purpose of S. 56(2)(vii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Gift-Taxscan.jpg "HUF can’t be treated as a ‘Donor’ of Gift for the purpose of S. 56(2)(vii): ITAT [Read Order]")
ITAT deletes Addition since Assessee appropriated and Utilized the Amount of Capital Gain before the Due Date of Filing of Return of Income [Read Order]
In the case of Arun Kumar Jain vs. Income Tax Officer, Delhi bench of Income Tax Appellate Tribunal has deleted the addition made by the Assessing Officer during the assessment period since the...
![ITAT deletes Addition since Assessee appropriated and Utilized the Amount of Capital Gain before the Due Date of Filing of Return of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/Capital-Gain-Taxscan.jpg "ITAT deletes Addition since Assessee appropriated and Utilized the Amount of Capital Gain before the Due Date of Filing of Return of Income [Read Order]")
![Delhi HC confirms Penalty since Assessee not Disclosed the Source of Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Penalty-Delhi-High-Court-Taxscan.jpg "Delhi HC confirms Penalty since Assessee not Disclosed the Source of Income [Read Judgment]")