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COVID 19 - Tax Losses – Back for a Better Future
Tax Losses Carryback (‘TLCB’) is a system that allows taxpayers to set-off losses of the current year against the profits of past years. Globally, at...
![AO not justified when the reasons for initiation of proceedings Seized to Survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/AO-ITAT-proceedings-Taxscan.jpg "AO not justified when the reasons for initiation of proceedings Seized to Survive: ITAT [Read Order]")
Centre releases Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against Cess collection of Rs. 95,444 cr
The Central Government has recently released the GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation up to 2019-20 has been released to...
![ITAT imposes Rs.1000 Cost on Assessee for being Negligent in Handling Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/appeal-lTAT-Assessee-Taxscan.jpg "ITAT imposes Rs.1000 Cost on Assessee for being Negligent in Handling Appeal [Read Order]")
![Centre notifies Establishment of Central Consumer Protection Authority [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/07/Central-Consumer-Protection-Authority-Taxscan.jpg "Centre notifies Establishment of Central Consumer Protection Authority [Read Notification]")
Major Relief to Tata Education and Development Trust for spending in Charitable objectives outside India: ITAT disallows CIT’s demand of over 100 Cr [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench on Friday ruled in favor of the Tata Education and Development Trust in their appeal against commissioner income tax (CIT) appeal order wherein...
![Major Relief to Tata Education and Development Trust for spending in Charitable objectives outside India: ITAT disallows CIT’s demand of over 100 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Tata-Education-Development-Trust-ITAT-Taxscan-1.jpg "Major Relief to Tata Education and Development Trust for spending in Charitable objectives outside India: ITAT disallows CIT’s demand of over 100 Cr [Read Order]")