CBIC introduces flagship Liberalised Authorised Economic Operator Package for MSMEs
Recognizing their critical contribution in supporting the economy especially during the present difficult times of the COVID-19 pandemic, the Central...
![NAA finds Dev Snacks Cheriyela guilty of wrongly charging 5% GST on unregistered brand, no penalty imposed [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NAA-Dev-Snacks-Cheriyela-GST-on-unregistered-brand-penalty-imposed-Taxscan.jpg "NAA finds Dev Snacks Cheriyela guilty of wrongly charging 5% GST on unregistered brand, no penalty imposed [Read Order]")
![Bombay HC remand back matter to Designated Committee to consider declaration under SVLDRS and grant consequential relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Bombay-High-Court-remand-back-matter-Designated-Committee-SVLDRS-consequential-relief-Taxscan.jpg "Bombay HC remand back matter to Designated Committee to consider declaration under SVLDRS and grant consequential relief [Read Order]")
Question, Whether Taxes are due to be paid on any Income, shall be considered during Assessment, Not on granting Registration: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that the question of whether taxes are due to be paid on any income shall be considered during Assessment, and not on granting Registration. ...
![Question, Whether Taxes are due to be paid on any Income, shall be considered during Assessment, Not on granting Registration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/taxes-income-Assessment-granting-Registration-ITAT-Taxscan.jpg "Question, Whether Taxes are due to be paid on any Income, shall be considered during Assessment, Not on granting Registration: ITAT [Read Order]")
CBDT designates Court of Chief Judicial Magistrate, West Tripura as the Special Court for the trial of Income Tax Offences [Read Notification]
The Central Board of Indirect Taxes designated the Court of Chief Judicial Magistrate, West Tripura as the Special Court for the trial of Income Tax Offences. “In exercise of the powers conferred...
![CBDT designates Court of Chief Judicial Magistrate, West Tripura as the Special Court for the trial of Income Tax Offences [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/CBDT-Chief-Judicial-Magistrate-West-Tripura-Special-Court-trial-of-Income-Tax-Offences-Taxscan.jpg "CBDT designates Court of Chief Judicial Magistrate, West Tripura as the Special Court for the trial of Income Tax Offences [Read Notification]")
Bombay High Court directs Authority to withdraw Provisional Attachment of Bank Accounts of AJE India [Read Order]
The Bombay High Court directed the authority to withdraw the provisional attachment of the bank accounts. The petitioner, AJE India Private Limited a company incorporated under the Companies Act,...
![Bombay High Court directs Authority to withdraw Provisional Attachment of Bank Accounts of AJE India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Bombay-High-Court-provisional-attachment-of-the-bank-accounts-Taxscan.jpeg "Bombay High Court directs Authority to withdraw Provisional Attachment of Bank Accounts of AJE India [Read Order]")
Addition of unabated Assessment without incriminating Seized Material for Assessment u/s. 153A is not sustainable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the addition of unabated assessment without incriminating seized material for assessment under section 153A is not sustainable. The...
![Addition of unabated Assessment without incriminating Seized Material for Assessment u/s. 153A is not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/assessment-incriminating-seized-material-ITAT-Taxscan.jpg "Addition of unabated Assessment without incriminating Seized Material for Assessment u/s. 153A is not sustainable: ITAT [Read Order]")
Refunded excess amount of Remuneration as per provisions of Companies Act, 1956, can’t be held as Income of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench held that refunded excess amount of remuneration as per provisions of Companies Act, 1956, could not be held as income of the assessee. ...
![Refunded excess amount of Remuneration as per provisions of Companies Act, 1956, can’t be held as Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/excess-amount-of-remuneration-provisions-of-Companies-Act-income-of-assessee-ITAT-Taxscan.jpg "Refunded excess amount of Remuneration as per provisions of Companies Act, 1956, can’t be held as Income of Assessee: ITAT [Read Order]")
Reopening is not permissible merely to seek Investigation of facts: ITAT quashes Re-Assessment Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench while quashing the reassessment proceedings held that the reopening is not permissible merely to seek investigation of facts. The...
![Reopening is not permissible merely to seek Investigation of facts: ITAT quashes Re-Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/investigation-of-facts-ITAT-Re-Assessment-Proceedings-Taxscan.jpg "Reopening is not permissible merely to seek Investigation of facts: ITAT quashes Re-Assessment Proceedings [Read Order]")
RBI introduces Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems [Read Circular]
The Reserve Bank of India introduced the Legal Entity Identifier (LEI) for Large Value Transactions in Centralised Payment Systems. The LEI is a 20-digit number used to uniquely identify parties...
![RBI introduces Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/01/RBI-Legal-Entity-Identifier-Large-Value-Transactions-Centralised-Payment-Systems-Taxscan.jpeg "RBI introduces Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems [Read Circular]")