No plan to impose Property Tax on Union Territory of J&K, says LG Manoj Sinha amid rigid opposition
The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would...
![DGFT prohibits Import of Air Conditioners with Refrigerants [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/10/DGFT-import-air-conditioners-refrigerants-air-conditioners-Taxscan.jpg "DGFT prohibits Import of Air Conditioners with Refrigerants [Read Notification]")
![GST: ITC can be Proportionally claimed on Goods/Services used in Installation of Renewable Power Generation Plant under the ‘REC Scheme, says AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/GST-ITC-Proportionally-claimed-Goods-Services-Installation-Renewable-Power-Generation-Plant-REC-Scheme-AAR-Taxscan.jpg "GST: ITC can be Proportionally claimed on Goods/Services used in Installation of Renewable Power Generation Plant under the ‘REC Scheme, says AAR [Read Order]")
![GST: Activity of bodybuilding on Truck Chassis is a Supply of Service, rules AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/GST-Activity-body-building-Truck-Chassis-Supply-of-Service-rules-AAR-Taxscan.jpeg "GST: Activity of bodybuilding on Truck Chassis is a Supply of Service, rules AAR [Read Order]")
GST: Tobacco manufactured used for ‘Chewing’ not classifiable as ‘Unmanufactured Tobacco’, says AAAR [Read Order]
The Tamil Nadu Appellate Authority of Advance Ruling (AAAR) ruled that the Tobacco manufactured used for ‘chewing’ classifiable under CTH 2403, not as ‘unmanufactured tobacco’. The Appellant is...
![GST: Tobacco manufactured used for ‘Chewing’ not classifiable as ‘Unmanufactured Tobacco’, says AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/GST-Tobacco-manufactured-Chewing-classifiable-Unmanufactured-Tobacco-AAAR-Taxscan.jpeg "GST: Tobacco manufactured used for ‘Chewing’ not classifiable as ‘Unmanufactured Tobacco’, says AAAR [Read Order]")
ITAT directs AO to delete disallowance of salary paid overseas to expatriates of the MUFG Bank working in India by HO under India-Japan Tax Treaty
The Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to delete the disallowance of salary paid overseas to expatriates of the MUFG Bank working in India by Head Office. The...
Consideration received on Bandwidth Services provided outside India is not taxable as ‘Royalty’ under India-Singapore Tax Treaty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that the consideration received on Bandwidth services provided outside India is not taxable as ‘Royalty’ under India-Singapore Double...
![Consideration received on Bandwidth Services provided outside India is not taxable as ‘Royalty’ under India-Singapore Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Consideration-Bandwidth-services-taxable-Royalty-India-Singapore-Tax-Treaty-ITAT-Taxscan.jpeg "Consideration received on Bandwidth Services provided outside India is not taxable as ‘Royalty’ under India-Singapore Tax Treaty: ITAT [Read Order]")
![MCA eases Private Placement Norms for qualified Institutional Buyers [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/10/private-placement-norms-MCA-qualified-institutional-buyers-institutional-buyers-Taxscan.jpg "MCA eases Private Placement Norms for qualified Institutional Buyers [Read Notification]")
Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the usage of fund cannot be the reason to impose tax liability. The assessee filed his return of income for the assessment year...
![Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Tax-Liability-Usage-Fund-Income-impose-Tax-Liability-Capital-Asset-Other-Income-Taxscan.jpg "Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]")
![Govt. notifies GST Exemption on Satellite launch services to encourage domestic launch [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/10/Government-scraps-18-GST-Satellite-launch-services-encourage-domestic-launch-Taxscan.jpeg "Govt. notifies GST Exemption on Satellite launch services to encourage domestic launch [Read Notification]")