GSTN Update: Two New Features Added to Portal
The Goods and services Tax Network ( GSTN ), the official web portal of the GST has updated two new features such as, the facility to upload statement...
![Statement of Third Parties can’t be relied as Evidence If No Opportunity for Cross-Examination was granted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Cross-Examination-ITAT-Taxscan.jpg "Statement of Third Parties can’t be relied as Evidence If No Opportunity for Cross-Examination was granted: ITAT [Read Order]")
If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that if the shares have been held by the assessee for a period more than 12 months, then the income shall be subject to tax under...
![If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]")
Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]
A New Delhi bench of the ITAT in the case M/s. Sucon India Ltd. Vs. JCIT held that loss suffered by assessee on derivative transaction is not speculative loss and as such eligible to be adjusted...
![Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]")
Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]
The Cochin bench of the Income Tax Appellate Tribunal ( ITAT ) has held that deduction under Section 80P of the Income Tax Act not available to a Co-operative society having an area of operation in...
![Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]")
Composition Dealers need not furnish data in serial number 4A of Table 4 of FORM GSTR-4: Finance Ministry
The Finance Ministry has clarified that, Composition Dealers need not furnish data in serial number 4A of Table 4 of FORM GSTR-4. It has been brought to notice that doubts regarding the manner of...
