![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]")
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...
![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]](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]](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]")
![GST: Patiala House Court refuses to grant Bail to person accused of Fraudulently availing ITC to tune of Rs.7 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/GST-Patiala-House-Court-Bail-ITC-Taxscan.jpeg "GST: Patiala House Court refuses to grant Bail to person accused of Fraudulently availing ITC to tune of Rs.7 Cr [Read Order]")
Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that losses on account of exchange fluctuation on forward contracts are allowable as a deduction. The assessee, ABB Global Industries...
![Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Losses-account-exchange-fluctuation-forward-contracts-deduction-ITAT-taxscan.jpg "Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]")
Delhi High Court upholds addition against Educational Trust as Donations were found to be Bogus [Read Judgment]
The Delhi High Court upheld the addition against the educational trust as the donations were bogus. The Appellant, Brijbasi Education, and Welfare Society is an educational trust, duly registered...
![Delhi High Court upholds addition against Educational Trust as Donations were found to be Bogus [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Delhi-High-Court-educational-trust-donations-bogus-Brijbasi-Education-and-Welfare-Society-Taxscan.jpg "Delhi High Court upholds addition against Educational Trust as Donations were found to be Bogus [Read Judgment]")
![NAA finds Excel Rasayan guilty of not passing GST rate cut benefits to its customers [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NAA-Excel-Rasayan-GST-rate-customers-Taxscan.jpg "NAA finds Excel Rasayan guilty of not passing GST rate cut benefits to its customers [Read Order]")
![NAA finds Raj & Company guilty of not passing GST rate cut benefits to its customers [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NAA-Raj-Company-GST-rate-customers-Taxscan.jpeg "NAA finds Raj & Company guilty of not passing GST rate cut benefits to its customers [Read Order]")
NAA finds Win Win Appliances guilty of not passing GST rate cut benefits to its customers, no penalty imposed [Read Order]
The National Anti-Profiteering Authority (NAA) found the respondent, Win Win Appliances guilty of not passing GST rate cut benefits to its customers. The applicant has alleged that the Respondent,...
![NAA finds Win Win Appliances guilty of not passing GST rate cut benefits to its customers, no penalty imposed [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NAA-Win-Win-Appliances-GST-rate-customers-penalty-Taxscan.jpg "NAA finds Win Win Appliances guilty of not passing GST rate cut benefits to its customers, no penalty imposed [Read Order]")
NCLT allows Interlocutory Application to add Inkel Limited as Additional Corporate Debtor along with the Corporate Debor Seguro foundations [Read Order]
The National Company Law Tribunal (NCLT), Kerala allowed the Interlocutory Application under Section 9 of the Insolvency and Bankruptcy Code (&B Code) against M/s. Seguro Foundations and...
![NCLT allows Interlocutory Application to add Inkel Limited as Additional Corporate Debtor along with the Corporate Debor Seguro foundations [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NCLT-Interlocutory-Application-Inkel-Limited-Additional-Corporate-Debtor-Corporate-Debor-Seguro-foundations-Taxscan.jpg "NCLT allows Interlocutory Application to add Inkel Limited as Additional Corporate Debtor along with the Corporate Debor Seguro foundations [Read Order]")