![Activities of a Trust can’t be suspected merely on Ground that it Received Donation and Grants from other Entities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Donation-Taxscan.jpg "Activities of a Trust can’t be suspected merely on Ground that it Received Donation and Grants from other Entities: ITAT [Read Order]")
Activities of a Trust can’t be suspected merely on Ground that it Received Donation and Grants from other Entities: ITAT [Read Order]
The Income Tax Appellate Tribunal, New Delhi recently ruled that activities of the trust cannot be suspected merely on the ground that it received...
![A Sub-Licensee of Business Assets can’t be deemed as ‘Owner’ for the Purpose of Computing Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "A Sub-Licensee of Business Assets can’t be deemed as ‘Owner’ for the Purpose of Computing Rental Income: ITAT [Read Order]")
![No Addition for ‘Deemed Dividend’ when Assessee Pledged his Personal Properties to Bank to Borrow Money for Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "No Addition for ‘Deemed Dividend’ when Assessee Pledged his Personal Properties to Bank to Borrow Money for Company: ITAT [Read Order]")
![Addition can’t be made on the basis of a Fake Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Addition can’t be made on the basis of a Fake Sale Deed: ITAT [Read Order]")
![Penalty can’t be Levied for Delayed deduction of TDS Amount: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty can’t be Levied for Delayed deduction of TDS Amount: ITAT Kolkata [Read Order]")
ITAT confirms Addition since there is No Direct Nexus b/w Amount Seized from Assessee and the Withdrawal from Bank Account of Assessee’s relative [Read Order]
A division bench of the ITAT, Cochin, last day upheld an income tax addition rejective a fake claim of the assessee. In the instant case the assessee being an individual had worked as a supplier in a...
![ITAT confirms Addition since there is No Direct Nexus b/w Amount Seized from Assessee and the Withdrawal from Bank Account of Assessee’s relative [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "ITAT confirms Addition since there is No Direct Nexus b/w Amount Seized from Assessee and the Withdrawal from Bank Account of Assessee’s relative [Read Order]")
![CIT (A) has No Power to direct AO to Re-Open Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "CIT (A) has No Power to direct AO to Re-Open Assessment: ITAT [Read Order]")
Restriction on Refund of Unutilised ITC on Fabric Items not applicable to Zero Rated Supplies, CBEC clarifies [Read Circular]
The Central Board of Excise and Customs (CBEC) has issued clarification on Refund of unutilized input tax credit of GST paid on inputs in respect of exporters of fabrics. In a Circular issued by CBEC...
![Restriction on Refund of Unutilised ITC on Fabric Items not applicable to Zero Rated Supplies, CBEC clarifies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/10/Input-Tax-Credit.jpg "Restriction on Refund of Unutilised ITC on Fabric Items not applicable to Zero Rated Supplies, CBEC clarifies [Read Circular]")
Govt Amends IGST Rules by Incorporating Provisions for Apportionment of Tax with respect to Advertisement Services [Read Notification]
The Central Board of Excise and Customs (CBEC) last day notified amended Integrated Goods and Services Tax (IGST) Rules prescribing apportionment of IGST with respect to advertisement services. The...
![Govt Amends IGST Rules by Incorporating Provisions for Apportionment of Tax with respect to Advertisement Services [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/11/Advertising-Services-Taxscan.jpg "Govt Amends IGST Rules by Incorporating Provisions for Apportionment of Tax with respect to Advertisement Services [Read Notification]")
Finance Ministry releases of Draft Notification on Conversion of Indian Branch of Foreign Bank into Indian Subsidiary Company
Comments/suggestions of Stakeholders sought on Draft Notification by 30th November, 2017. The Ministry of Finance has released Draft of Proposed Notification under Section 115JG (1) of the Income...
