Delhi HC upholds Settlement of Derivatives Trading Loss under DTVSV Act, Limits to Specific Dispute [Read Order]
In a recent ruling,the High Court of Delhi upheld the settlement of a disputed derivatives trading loss under the Direct Tax Vivad Se Vishwas ( DTVSV...
![System-Generated Provisional Acknowledgement of Appeal on GST Portal is Proof of Pre-Deposit Payment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/System-Generated-Provisional-Acknowledgement-Appeal-on-GST-Portal-Proof-Pre-Deposit-Payment-Bombay-HC-taxscan.jpg "System-Generated Provisional Acknowledgement of Appeal on GST Portal is Proof of Pre-Deposit Payment: Bombay HC [Read Order]")
![Non-Compliance due to Taxpayers Family Member’s ill-health: ITAT grants Hearing Opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Non-Compliance-due-to-ill-health-TAXSCAN.jpg "Non-Compliance due to Taxpayers Family Member’s ill-health: ITAT grants Hearing Opportunity [Read Order]")
Finance Ministry Announces No Deduction of Income Tax on Payments Received by Credit Guarantee Fund Trust for MSMEs [Read Notification]
The Ministry of Finance issued Notification No. 5476(E) dated December 18, 2024, announcing that no income tax will be deducted at source (TDS) on payments made to the Credit Guarantee Fund Trust for...
![Finance Ministry Announces No Deduction of Income Tax on Payments Received by Credit Guarantee Fund Trust for MSMEs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/Finance-Minister-Deduction-of-Income-Tax-Credit-Guarantee-Fund-Trust-Taxscan.jpg "Finance Ministry Announces No Deduction of Income Tax on Payments Received by Credit Guarantee Fund Trust for MSMEs [Read Notification]")
ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of Commissioner of Income Tax (Appeals),CIT(A), against the appeal filed by Revenue against relieving the penalty under...
![ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-Cooperative-society-TAXSCAN.jpg "ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]")
Pendency of Proceedings before NCLT does not Bar Financial Creditors from filing Petition u/s 7: NCLAT rules in favour of ICICI Bank [Read Order]
In a ruling in favour of ICICI Bank, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the pendency of proceedings before the National Company Law Tribunal...
AO Disallows ₹4.94 Lakhs Write-Off for Non-Recoverable Dues from Trust Terminated Members: ITAT Allows Citing Non-Refundable Deposit [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tax ( ITAT ) allowed the write-off of Rs.4.94 lakhs for non-recoverable dues from terminated trust members citing it as a non-refundable deposit in...
![AO Disallows ₹4.94 Lakhs Write-Off for Non-Recoverable Dues from Trust Terminated Members: ITAT Allows Citing Non-Refundable Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Non-Refundable-Deposit-Non-Refundable-Citing-Non-Refundable-Deposit-taxscan.jpg "AO Disallows ₹4.94 Lakhs Write-Off for Non-Recoverable Dues from Trust Terminated Members: ITAT Allows Citing Non-Refundable Deposit [Read Order]")