11th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
The Ministry of Finance has released the 11th weekly installment of Rs.6,000 crore to the States to meet the GST compensation shortfall. Out of this,...
![Substantive Right of Appeal should not be denied to assessees on technical ground: Madras HC upholds condonation of delay by ITAT [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Substantive-right-of-appeal-technical-ground-Madras-High-Court-condonation-of-delay-ITAT-Taxscan.jpg "Substantive Right of Appeal should not be denied to assessees on technical ground: Madras HC upholds condonation of delay by ITAT [Read Judgment]")
![SEBI notifies Alternative Investment Funds (Amendment) Regulations, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/SEBI-Securities-and-Exchange-Board-of-India-Alternative-Investment-Funds-Amendment-Regulations-Taxscan.jpeg "SEBI notifies Alternative Investment Funds (Amendment) Regulations, 2021 [Read Notification]")
![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]
The Bombay High Court remanded back the matter to the Designated Committee to consider afresh declaration under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS) and grant consequential...
![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]")
IT Dept Conducts Surveys at Flipkart, Swiggy HOs in connection with the information of alleged bogus ITC
The Income Tax Department conducted the survey at Instakart, which is a group company of Flipkart, Swiggy Head Offices in connection with alleged bogus Input Tax Credit (ITC) in connection with...
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]")