![RBI revises facilities to Hedge Foreign Exchange Risk under FEMA [Read Circular]](https://www.taxscan.in/wp-content/uploads/2019/11/Foreign-Exchange-ITAT-Taxscan.jpg "RBI revises facilities to Hedge Foreign Exchange Risk under FEMA [Read Circular]")
RBI revises facilities to Hedge Foreign Exchange Risk under FEMA [Read Circular]
The Reserve Bank of India (RBI) revised facilities for residents and non-residents to hedge their foreign exchange risk on account of transactions...
![Accumulation of Income by Society should be for Specific Purpose, Failure would attract Income Tax: Punjab and Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Fake-Invoice-Punjab-Haryana-High-Court-Taxscan.jpg "Accumulation of Income by Society should be for Specific Purpose, Failure would attract Income Tax: Punjab and Haryana HC [Read Judgment]")
![Tax Paid on Procurement of Goods/Services for Installation of Chillers, AHU, Lifts, WTP, STP, MLCP, CCTV, etc. is regarded as Blocked Credits: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-4-2-1.jpg "Tax Paid on Procurement of Goods/Services for Installation of Chillers, AHU, Lifts, WTP, STP, MLCP, CCTV, etc. is regarded as Blocked Credits: AAAR [Read Order]")
CESTAT Larger Bench to decide on Set Off of Redemption Fine and Penalty from Sale Proceedings after Confiscation
A two-judge bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has recently referred an issue to the Larger bench where the bench would decide whether the redemption...
Amounts Collected towards Local Area Development, which form part of value of lease/rental services Taxable under Forward Charge Mechanism: AAR [Read Order]
The Authority for Advance Ruling (AAR) ruled that the amount collected towards the Local Area Development Fund part of the value forms of supply of rental/lease services are taxable under a forward...
![Amounts Collected towards Local Area Development, which form part of value of lease/rental services Taxable under Forward Charge Mechanism: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/AAR-Delhi-Taxscan.jpg "Amounts Collected towards Local Area Development, which form part of value of lease/rental services Taxable under Forward Charge Mechanism: AAR [Read Order]")
‘Stop issuing Non-Speaking Orders which leads to Unnecessary Litigations’: Madras HC to VAT Officials [Read Judgment]
The Madras High Court has urged the officials of the commercial tax department not to pass non-speaking orders so as to curb the unnecessary litigations. The decision was delivered by a division...
![‘Stop issuing Non-Speaking Orders which leads to Unnecessary Litigations’: Madras HC to VAT Officials [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/07/Revision-Order-Madras-High-Court-Taxscan.jpg "‘Stop issuing Non-Speaking Orders which leads to Unnecessary Litigations’: Madras HC to VAT Officials [Read Judgment]")
![COVID-19: CBIC issues Measures to Facilitate Trade during lockdown period [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/12/CBIC.jpg "COVID-19: CBIC issues Measures to Facilitate Trade during lockdown period [Read Circular]")