![DGFT notifies Procedure, Criteria for Submission and Approval of applications for Export of Diagnostic Kits, their Laboratory reagents [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/DGFT-export-of-Diagnostic-Kits-laboratory-reagents-Taxscan.jpg "DGFT notifies Procedure, Criteria for Submission and Approval of applications for Export of Diagnostic Kits, their Laboratory reagents [Read Circular]")
DGFT notifies Procedure, Criteria for Submission and Approval of applications for Export of Diagnostic Kits, their Laboratory reagents [Read Circular]
The Director-General of Foreign Trade (DGFT) notified the procedure and Criteria for submission and approval of applications for export of Diagnostic...
![Setback for Toyota; ITAT dismisses allowability of Warranty Provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Toyota-ITAT-Warranty-Provisions-Taxscan.jpg "Setback for Toyota; ITAT dismisses allowability of Warranty Provisions [Read Order]")
![Relief to Prestige Group: TDS not applicable on refundable Security Deposits made with Landowners, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-to-Prestige-Group-TDS-refundable-security-deposits-landowners-ITAT-Taxscan.jpg "Relief to Prestige Group: TDS not applicable on refundable Security Deposits made with Landowners, rules ITAT [Read Order]")
![Sale proceeds deducted by the Monitory Committee from E-Auction Sale of Mineral Stock allowable as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Monetary-committee-e-auction-sale-of-mineral-stock-Taxscan.jpg "Sale proceeds deducted by the Monitory Committee from E-Auction Sale of Mineral Stock allowable as Deduction u/s 37(1): ITAT [Read Order]")
GST: Petition in Karnataka High Court challenges the Constitutionality of the Composition of AAR and AAAR
The Karnataka High Court issued the notice to Centre in plea challenging the constitutionality of the composition Authority of Advance Ruling (AAR) and Appellate Authority of Advance Ruling (AAAR). ...
Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench has reiterated the precedence that Revenue cannot make addition under section 68 without making a thorough probe if the assessee has given...
![Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Share-application-money-bogus-shareholders-undisclosed-income-individual-assessment-Taxscan.jpg "Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]")
Sec. 50C can't be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a Formality: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore held, Section 50C of the Income Tax Act can't be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a...
![Sec. 50C cant be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a Formality: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Registration-of-Sale-Deed-Actual-Transfer-ITAT-Taxscan.jpg "Sec. 50C cant be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a Formality: ITAT [Read Order]")
No TDS applicable on Indian Companies for amount Paid to Use Foreign Software: Supreme Court [Read Judgment]
The Supreme Court has ruled that no TDS is applicable on Indian Companies for amount Paid to Use Foreign Software. The appeals of the Engineering Analysis Centre of Excellence may be grouped into...
![No TDS applicable on Indian Companies for amount Paid to Use Foreign Software: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Supreme-Court-TDS-Foreign-Software-Supreme-Court-Engineering-Analysis-Centre-Taxscan.jpeg "No TDS applicable on Indian Companies for amount Paid to Use Foreign Software: Supreme Court [Read Judgment]")
Service Tax on Liquidated Damages for Poor Quality of Materials: CESTAT remands Matter for Re-adjudication [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal,(CESTAT) Ahmedabad has sent a matter for readjudication as lower authorities had failed to deal with the matter properly. The appellant,...
![Service Tax on Liquidated Damages for Poor Quality of Materials: CESTAT remands Matter for Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/CESTAT-Ahmedabad-Service-Tax-Liquidated-Damages-Poor-Quality-of-Materials-CESTAT-Matter-for-Re-adjudication-Taxscan.jpg "Service Tax on Liquidated Damages for Poor Quality of Materials: CESTAT remands Matter for Re-adjudication [Read Order]")
Independent bodies constituted under Central/State/Provisional enactments entitled to exemption under Sec.10(23BBA) Income Tax Act: Madras High Court
The Madras High Court, disposing of the writ petitions filed by Sri Vaithiyanathaswamy and Sri Amirthakadeswaraswamy Devasthanams, held that the reference to “body” and “authority” in Section...
