![Tax on Electricity purchased from Open Access Source is applicable at the rate on which the consumer had purchased Electricity: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Tax-on-Electricity-Open-Access-Source-Karnataka-High-Court-Taxscan.jpeg "Tax on Electricity purchased from Open Access Source is applicable at the rate on which the consumer had purchased Electricity: Karnataka High Court [Read Judgment]")
Tax on Electricity purchased from Open Access Source is applicable at the rate on which the consumer had purchased Electricity: Karnataka High Court [Read Judgment]
The Karnataka High Court ruled that whenever a consumer purchases electricity from Open Access Source, the tax on electricity will be chargeable at...
![Loan Amount can’t be Taxed as it is a liability and not Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Loan-liability-income-ITAT-Taxscan-1.jpg "Loan Amount can’t be Taxed as it is a liability and not Income: ITAT [Read Order]")
![Relief for DK Shivakumar: Karnataka High Court dismisses Income Tax appeals against his discharge in Tax Evasion Cases [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/DK-Shivakumar-Karnataka-High-Court-Income-Tax-appeals-Tax-Evasion-Cases-Taxscan.jpeg "Relief for DK Shivakumar: Karnataka High Court dismisses Income Tax appeals against his discharge in Tax Evasion Cases [Read Order]")
![Delhi Court grants Bail to former TMC MP K D Singh in Money Laundering Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Delhi-Court-Bail-TMC-MP-K-D-Singh-Money-Laundering-Case-Taxscan.jpg "Delhi Court grants Bail to former TMC MP K D Singh in Money Laundering Case [Read Order]")
Maharashtra Govt. notifies Maharashtra VAT Criteria for Withdrawal of the Assessment Proceedings Scheme, 2021 [Read Notification]
The Maharashtra Finance Department notified the Maharashtra VAT Criteria for Withdrawal (on the basis of probable revenue involved) of the Assessment Proceedings Scheme, 2021. The objective of the...
![Maharashtra Govt. notifies Maharashtra VAT Criteria for Withdrawal of the Assessment Proceedings Scheme, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/Maharashtra-Govt.-Maharashtra-VAT-Criteria-Withdrawal-of-the-Assessment-Proceedings-Scheme-2021-Taxscan.jpg "Maharashtra Govt. notifies Maharashtra VAT Criteria for Withdrawal of the Assessment Proceedings Scheme, 2021 [Read Notification]")
CBIC notifies Customs (Verification of Identity and Compliance) Regulations, 2021 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified the Customs (Verification of Identity and Compliance) Regulations, 2021, which will be applicable to Importers; Exporters; and Customs...
![CBIC notifies Customs (Verification of Identity and Compliance) Regulations, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/CBIC-Customs-Verification-of-Identity-Compliance-Taxscan-2.jpeg "CBIC notifies Customs (Verification of Identity and Compliance) Regulations, 2021 [Read Notification]")
![ITAT allows Deduction u/s 54F on Residential House Property purchased in the Name of Wife [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-deduction-residential-house-property-Taxscan.jpg "ITAT allows Deduction u/s 54F on Residential House Property purchased in the Name of Wife [Read Order]")
Cenvat Credit admissible for Input Service used in storage facilities for inputs outside the premises in relation to Manufacture of Goods: CESTAT [Read Order]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), Delhi Bench ruled that the Cenvat Credit is admissible for input service used in storage facilities for inputs outside the...
![Cenvat Credit admissible for Input Service used in storage facilities for inputs outside the premises in relation to Manufacture of Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Cenvat-Credit-input-service-manufacture-of-goods-CESTAT-Taxscan.jpeg "Cenvat Credit admissible for Input Service used in storage facilities for inputs outside the premises in relation to Manufacture of Goods: CESTAT [Read Order]")
![Relief to Allahabad Bank: ITAT deletes Penalty for TDS Default [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Allahabad-Bank-TDS-Form-No.-15G-15H-ITAT-Taxscan.jpg "Relief to Allahabad Bank: ITAT deletes Penalty for TDS Default [Read Order]")