![Micro Finance Activity is not ‘Charitable’: ITAT denies Tax Exemption to Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Micro-Finance-Activity-ITAT-Taxscan.jpg "Micro Finance Activity is not ‘Charitable’: ITAT denies Tax Exemption to Trust [Read Order]")
Micro Finance Activity is not ‘Charitable’: ITAT denies Tax Exemption to Trust [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that the Micro Finance Activity cannot be treated as charitable in nature for the...
![Provision for Gratuity can be Deducted while Computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Gratuity-Deducted-Taxscan.jpg "Provision for Gratuity can be Deducted while Computing Book Profit: ITAT [Read Order]")
![Assessing Officer cannot reject a Claim without any basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Assessing-Officer-Taxscan-1.jpg "Assessing Officer cannot reject a Claim without any basis: ITAT [Read Order]")
Enhanced Sale Consideration u/s 50C can’t be taken to determine Capital Gain Exemption: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the sale consideration enhanced by invoking section 50C of the Income Tax Act, 1961 cannot be extended to computation under...
![Enhanced Sale Consideration u/s 50C can’t be taken to determine Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Enhanced Sale Consideration u/s 50C can’t be taken to determine Capital Gain Exemption: ITAT [Read Order]")
![Yes Bank Crisis: Withdrawal limit capped at INR 50k after RBI’s Action [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/04/GST-Yes-Bank-Taxscan.jpg "Yes Bank Crisis: Withdrawal limit capped at INR 50k after RBI’s Action [Read Notification]")
Assessing Officer couldn’t undertake Complete Scrutiny without seeking permission from Competent Authority: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench held that the assessing officer couldn’t undertake complete scrutiny without seeking permission from the competent authority. In the case of...
![Assessing Officer couldn’t undertake Complete Scrutiny without seeking permission from Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Assessing-Officer-ITAT-Taxscan.jpg "Assessing Officer couldn’t undertake Complete Scrutiny without seeking permission from Competent Authority: ITAT [Read Order]")
GST Evasion: DGGI HQ books case against 3 Firms for Issuance of Fake Invoices without Actual Supply of Goods worth Rs 4,198 cr
The Directorate General of GST Intelligence ( DGGI ) Headquarters booked a case on 3rd March 2020 against M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited & M/s Ganpati Enterprises...
