Telangana decides to go for Option-1 to meet the GST implementation shortfall
The Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the...
RBI notifies Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 [Read Notification]
The Reserve Bank of India (RBI) has notified the discontinuation of Returns/Reports under the Foreign Exchange Management Act, 1999. The RBI has invited the attention of Authorised Persons to the...
![RBI notifies Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/RBI-Discontinuation-of-Returns-Foreign-Exchange-Management-Act-Taxscan.jpg "RBI notifies Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 [Read Notification]")
Rule 6 (3) of the CCR, 2004 can’t be invoked when Goods supplied under SFIS Scheme were dutiable and not exempted goods: CESTAT [Read Order]
The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Chandigarh Bench held that Rule 6 (3) of the CCR, 2004 can not be invoked when Goods supplied under the Served From India Scheme...
![Rule 6 (3) of the CCR, 2004 can’t be invoked when Goods supplied under SFIS Scheme were dutiable and not exempted goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/CCR-SFIS-Scheme-dutiable-exempted-goods-CESTAT-Taxscan.jpg "Rule 6 (3) of the CCR, 2004 can’t be invoked when Goods supplied under SFIS Scheme were dutiable and not exempted goods: CESTAT [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 erroneous & prejudicial to interests of the...
![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]")
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]
The Madras High Court held that the assessing officer cannot go beyond the directions of the Commissioner of Income-tax (CIT), even though during the course of fresh assessment proceedings, it is...
![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]")
Finance Ministry extends last date for filing applications under SVLDR Scheme for UT of Jammu & Kashmir and Ladakh
In a major decision to help the trade and industry in the newly formed Union Territory (UT) of Jammu & Kashmir and UT of Ladakh, the Central Government has decided to extend the period for...
