GST Evasion: DGGI Gurugram arrests two men for defrauding Exchequer of more than Rs 690 cr
In an ongoing investigation the Directorate General of GST Intelligence, Gurugram Zonal Unit, were able to arrest two gang members of a fake...
![Additions based on estimate basis cannot be sustained in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/sustained-in-Law-ITAT-Taxsan.jpg "Additions based on estimate basis cannot be sustained in Law: ITAT [Read Order]")
![ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Transport-Subsidy-Power-Subsidy-Interest-Subsidy-taxscan.jpg "ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]")
Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that excess expenditure incurred by trust in earlier assessment year could be allowed to be set off against income of subsequent years. ...
![Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/expenditure-trust-assessment-year-income-of-subsequent-years-ITAT-Taxscan.jpg "Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]")
IBBI issues Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021 [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) on March 04, 2021 has issued the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021 to further amend the...
![IBBI issues Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/IBBI-Insolvency-and-Bankruptcy-Board-of-India-Liquidation-Process-Amendment-Regulations-2021-taxscan.jpg "IBBI issues Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021 [Read Notification]")
ITAT deletes addition on account of unexplained loan against Society for Institute for Professional Studies Ghaziabad [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the addition on account of an unexplained loan against the Society for Institute for Professional Studies Ghaziabad. The assessee,...
![ITAT deletes addition on account of unexplained loan against Society for Institute for Professional Studies Ghaziabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-account-of-unexplained-loan-Institute-for-Professional-Studies-Ghaziabad-Taxscan.jpg "ITAT deletes addition on account of unexplained loan against Society for Institute for Professional Studies Ghaziabad [Read Order]")
Policy decision exclusively within the domain of Govt.: SC declines to issue directives on extending GST Amnesty Scheme
The Supreme Court while refusing to issue directives on extending the GST amnesty scheme said that the policy decision is exclusively within the domain of the government. The petitioner, Satyakam...
Order of AO accepting suo-moto disallowance for bonus can’t be held to be erroneous: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench ruled that the order of AO accepting suo-moto disallowance for bonus can not be held to be erroneous. The assessee, Ajmer Zila Dugdh Utpadak...
![Order of AO accepting suo-moto disallowance for bonus can’t be held to be erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/AO-suo-moto-disallowance-bonus-ITAT-Taxscan.jpg "Order of AO accepting suo-moto disallowance for bonus can’t be held to be erroneous: ITAT [Read Order]")