![Power of Revision by CIT(A) can’t be invoked if order passed by AO is not erroneous & prejudicial to interests of the revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Power-of-Revision-CITA-AO-revenue-ITAT-Taxscan.jpg "Power of Revision by CIT(A) can’t be invoked if order passed by AO is not erroneous & prejudicial to interests of the revenue: ITAT [Read Order]")
Power of Revision by CIT(A) can’t be invoked if order passed by AO is not erroneous & prejudicial to interests of the revenue: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Indore Bench held that the power of revision by CIT(A) can not be invoked if order passed by AO is not...
![Assessing Officer can’t go beyond the directions of CIT even though it is open for him to examine any item: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Assessing-Officer-CIT-Madras-High-Court-Taxscan.jpg "Assessing Officer can’t go beyond the directions of CIT even though it is open for him to examine any item: Madras High Court [Read Judgment]")
![GST: Gujarat High Court directs Authority to release the Goods and vehicle after obtaining a bond of INR 11.73 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Gujarat-High-Court-goods-vehicle-bond-Taxscan.jpeg "GST: Gujarat High Court directs Authority to release the Goods and vehicle after obtaining a bond of INR 11.73 Lakhs [Read Order]")
IFSC Authority approves the International Financial Services Centres Authority (Banking) Regulations, 2020
A meeting of the International Financial Services Centres Authority (IFSCA) was held today. The IFSC Authority, after detailed deliberations, approved the International Financial Services Centres...
India has Moved from Tax-Terrorism to Tax-Transparency: PM inaugurates Office-cum-Residential Complex of Cuttack Bench of ITAT
Prime Minister Shri Narendra Modi inaugurated Office-cum-Residential Complex of Cuttack Bench of Income Tax Appellate Tribunal(ITAT) through video conference today. Speaking on the occasion, the...
Deduction u/s 80IA subjected to other conditions relating to time period and percentage of the deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh held that the deduction under Section 80IA is subjected to other conditions relating to time period and percentage of the deduction. The...
![Deduction u/s 80IA subjected to other conditions relating to time period and percentage of the deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/ITAT-Deduction-Taxscan.jpg "Deduction u/s 80IA subjected to other conditions relating to time period and percentage of the deduction: ITAT [Read Order]")
![Central Govt. notifies Foreign Contribution (Regulation) (Amendment) Rules, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/Central-Govt-Foreign-Contribution-Amendment-Taxscan.jpg "Central Govt. notifies Foreign Contribution (Regulation) (Amendment) Rules, 2020 [Read Notification]")
Central Govt. reduces Customs Duty on goods for use in the manufacture of Open cell of LCD and LED TV panels from 9% to 5% [Read Notification]
The Central Government notified the reduction in Customs Duty on goods for use in the manufacture of Open cell Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels from 9% to 5%. ...
![Central Govt. reduces Customs Duty on goods for use in the manufacture of Open cell of LCD and LED TV panels from 9% to 5% [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/Customs-Duty-LED-LCD-TV-panels-Taxscan-Central-Govt-Custom-Duty-goods.jpg "Central Govt. reduces Customs Duty on goods for use in the manufacture of Open cell of LCD and LED TV panels from 9% to 5% [Read Notification]")
Developers now entitled to drawback claims if supplies from Domestic Tariff Area to foreign suppliers are in foreign currency: Central Govt. [Read Notification]
The Central Government notified the Special Economic Zones (Amendment) Rules, 2020 so as to amend the Special Economic Zones Rules, 2006. With the coming up of this notification, the Developers...
![Developers now entitled to drawback claims if supplies from Domestic Tariff Area to foreign suppliers are in foreign currency: Central Govt. [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/Domestic-Tariff-Area-foreign-suppliers-foreign-currency-Central-Government-Taxscan.jpg "Developers now entitled to drawback claims if supplies from Domestic Tariff Area to foreign suppliers are in foreign currency: Central Govt. [Read Notification]")