Income Tax: What to do When same PAN is allotted to two or more Taxpayers?
The Directorate of Income Tax has noticed the instances of allotment of one PAN to two persons and in rare cases even to more than two persons have...
![CBIC notifies Bill of Entry (Forms) Amendment Regulations, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/CBIC-Bill-of-Entry-Forms-Amendment-Regulations-2021-Taxscan.jpg "CBIC notifies Bill of Entry (Forms) Amendment Regulations, 2021 [Read Notification]")
![CBIC notifies Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Amendment Regulations, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/CBIC-Bill-of-Entry-Electronic-Integrated-Declaration-and-Paperless-Processing-Amendment-Regulations-2021-Taxscan.jpg "CBIC notifies Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Amendment Regulations, 2021 [Read Notification]")
![Karnataka Govt. notifies Karasamadhana Scheme, 2021 to complete the pre-GST Legacy Audit and clear Tax Arrears [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/Karnataka-Govt-Karasamadahana-Scheme-2021-pre-GST-legacy-audit-clear-tax-arrears-Taxscan.jpg "Karnataka Govt. notifies Karasamadhana Scheme, 2021 to complete the pre-GST Legacy Audit and clear Tax Arrears [Read Notification]")
CBIC issues clarification on the legislative changes in Section 46 of Customs Act, 1962 [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) issued the clarification on the legislative changes in Section 46 of Customs Act, 1962. Section 46 of the Customs Act, 1962 has been amended...
![CBIC issues clarification on the legislative changes in Section 46 of Customs Act, 1962 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/CBIC-legislative-changes-Section-46-of-Customs-Act-Taxscan-opengraph.jpeg "CBIC issues clarification on the legislative changes in Section 46 of Customs Act, 1962 [Read Circular]")
Section 56(2)(viib) of the Income Tax Act does not apply to consideration received from Non Residents on account of issuance of Shares: ITAT
The Indore Bench of the Income Tax Appellate Tribunal ( ITAT ) held that Section 56(2)(viib) of the Income Tax Act does not apply to consideration received from Non Residents on account of issuance...
![GST: Form GST DRC 07 to be issued for Recovery of Interest, rules Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/GST-Form-GST-DRC-07-Recovery-of-Interest-rules-Gujarat-High-Court-Taxscan.jpeg "GST: Form GST DRC 07 to be issued for Recovery of Interest, rules Gujarat High Court [Read Order]")
![CHA’s License can be revoked based on Admission u/s 108 Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/CHAs-License-Customs-Act-CESTAT-Taxscan.jpg "CHA’s License can be revoked based on Admission u/s 108 Customs Act: CESTAT [Read Order]")
![Income from Commercial Properties shall be treated as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-from-Commercial-Properties-House-Property-Income-ITAT-Taxscan.jpg "Income from Commercial Properties shall be treated as House Property Income: ITAT [Read Order]")
![No TDS on License Fee paid to Foreign Entities: ITAT grants relief to Celltick Mobile Media [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/TDS-on-License-Fee-Foreign-Entities-ITAT-Celltick-Mobile-Media-Taxscan.jpg "No TDS on License Fee paid to Foreign Entities: ITAT grants relief to Celltick Mobile Media [Read Order]")
Relief to NDTV Promoters: Supreme Court stays recovery of Rs 27 cr Penalty imposed by SEBI [Read Order]
In a relief to Prannoy Roy and Radhika Roy, the promoters of NDTV, the Supreme Court stayed recovery of Rs. 27 Crores penalty imposed by Security and Exchange Board of India (SEBI). On December...
![Relief to NDTV Promoters: Supreme Court stays recovery of Rs 27 cr Penalty imposed by SEBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-NDTV-Promoters-SC-penalty-SEBI-taxscan.jpg "Relief to NDTV Promoters: Supreme Court stays recovery of Rs 27 cr Penalty imposed by SEBI [Read Order]")