![Deduction can be claimed under R&D for Amount incurred towards development on a mechanism to produce customised products: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Deduction-ITAT-RD-claimed-customised-products-Taxscan.jpg "Deduction can be claimed under R&D for Amount incurred towards development on a mechanism to produce customised products: ITAT [Read Order]")
Deduction can be claimed under R&D for Amount incurred towards development on a mechanism to produce customised products: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that the deduction can be claimed under Research and Development (R&D) for Amount...
![IBBI directs all Insolvency Professionals to Serve copy of the application [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/11/IBBI-Insolvency-Professionals-Serve-copy-application-Taxscan.jpg "IBBI directs all Insolvency Professionals to Serve copy of the application [Read Circular]")
DGFT issues trade notice for Linking/Registration of IECs in the new revamped DGFT Online environment [Read Circular]
The Director-General of Foreign Trade (DGFT) issued the trade notice for linking or registration of Importer Exporter CodeS (IECs) in the new revamped DGFT Online environment. The DGFT said that...
![DGFT issues trade notice for Linking/Registration of IECs in the new revamped DGFT Online environment [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/10/DGFT-DGFT-Online-Environment-IECs-Registration-for-IECs-Taxscan.jpg "DGFT issues trade notice for Linking/Registration of IECs in the new revamped DGFT Online environment [Read Circular]")
GST Evasion: CGST officials busts racket for generating fraudulent Input tax Credit through fake billing of around Rs 1,278 crore
Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST), Commissionerate, Delhi (East) have busted a major racket for the generation of huge...
Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]
The Karnataka High Court held that mere inadequacy of an enquiry or insufficiency of material on record can not be a ground to invoke revisional powers under Section 263 of the Income Tax Act, 1961. ...
![Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Mere-inadequacy-enquiry-sufficiency-material-record-ground-invoke-Revisional-Powers-Karnataka-High-court-Taxscan.jpg "Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]")