![ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-on-money-receipts-undisclosed-income-taxscan.jpeg "ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]")
ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed the AO to add only 12% of on-money receipts as undisclosed income. The assessee,...
![Rajasthan Budget 2021: Rajasthan Govt. proposes 5% VAT on Petroleum Crude [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Rajasthan-Budget-2021-Rajasthan-Govt-VAT-on-Petroleum-Crude-Taxscan.jpeg "Rajasthan Budget 2021: Rajasthan Govt. proposes 5% VAT on Petroleum Crude [Read Notification]")
![ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Unexplained-Cash-Credit-Taxscan.jpg "ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]")
![Punjab and Haryana HC directs Tax department not to take coercive action against Pyramid Infratech [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Punjab-and-Haryana-High-Court-tax-department-coercive-action-Pyramid-Infratech-Taxscan.jpeg "Punjab and Haryana HC directs Tax department not to take coercive action against Pyramid Infratech [Read Order]")
![Any Amount paid by Mistake or through ignorance of Repeal Act deserves to be Refunded: Jharkhand High Court grants relief to Flipkart [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/repeal-Act-Jharkhand-High-Court-Flipkart-Taxscan.jpg "Any Amount paid by Mistake or through ignorance of Repeal Act deserves to be Refunded: Jharkhand High Court grants relief to Flipkart [Read Order]")
Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench allowed the deduction on account of long-term Capital Gain. The assessee, Halesh K.C. along with other family members had sold an...
![Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Independent-building-residential-house-ITAT-deduction-on-account-long-term-Capital-Gain-Taxscan.jpg "Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]")
ITAT deletes addition of amount representing 15% of sale proceeds deducted by the Monetary Committee from E-Auction Sale of Mineral Stock [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench deleted the addition of an amount representing 15% of sale proceeds deducted by the Monetary committee from e-auction sale of mineral stock. ...
![ITAT deletes addition of amount representing 15% of sale proceeds deducted by the Monetary Committee from E-Auction Sale of Mineral Stock [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Monetary-committee-e-auction-sale-of-mineral-stock-Taxscan.jpg "ITAT deletes addition of amount representing 15% of sale proceeds deducted by the Monetary Committee from E-Auction Sale of Mineral Stock [Read Order]")
Relief to Huawei Telecommunications India: ITAT deletes 30% disallowance of Advertisement Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in relief to the Huawei Telecommunications (India) deleted the 30% disallowance of the advertisement expenses made by AO. The Appellant,...
![Relief to Huawei Telecommunications India: ITAT deletes 30% disallowance of Advertisement Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Huawei-Telecommunications-India-ITAT-disallowance-of-the-advertisement-expenses-Taxscan.jpg "Relief to Huawei Telecommunications India: ITAT deletes 30% disallowance of Advertisement Expenses [Read Order]")
ITAT deletes disallowance made under head ‘Assistance to Law Students’ against Senior Advocate Harish Salve [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the deletes disallowance made under the head “Assistance to Law Students” against Former Solicitor General of India, Harish Salve. ...
![ITAT deletes disallowance made under head ‘Assistance to Law Students’ against Senior Advocate Harish Salve [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-disallowance-Assistance-to-Law-Students-Senior-Advocate-Harish-Salve-Taxscan.jpg "ITAT deletes disallowance made under head ‘Assistance to Law Students’ against Senior Advocate Harish Salve [Read Order]")
![12% GST applicable on Job Work of Metal Alloy Coating or Thermal Spray: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/GST-Job-Work-Metal-Alloy-Coating-Thermal-Spray-AAR-taxscan.jpg "12% GST applicable on Job Work of Metal Alloy Coating or Thermal Spray: AAR [Read Order]")
ICAI further extends last date for Waiving-off Condonation fees for CA Students / Articled Assistants due to COVID-19
The Institute of Chartered Accountants of India (ICAI) notified the further extension in the last date for Waiving-off Condonation fees due to late filing of various application Forms related to...
![Kerala GST Dept. issues Informer Management Instructions [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/02/Kerala-GST-Dept-Informer-Management-Instructions-Taxscan.jpg "Kerala GST Dept. issues Informer Management Instructions [Read Circular]")