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Tribunal failed to issue specific directions to AO as to what has to be done after the assessee files the working sheet: Madras HC
The Madras High Court while quashing the order of the tribunal held that though the tribunal directed the assessee to work out the expenditure...
MCA issues Clarification on dispatch of Notice by Listed entities for Rights issue opening upto 31st December, 2020
The Ministry of Corporate Affairs (MCA) on Monday issued a clarification on dispatch of notice by Listed entities for rights issue opening under section 62(2) of Companies Act, 2013 up to 31st...
COVID-19: ICSI notifies Temporary relaxation in Regulations 46BA and 46BB of the Company Secretaries Regulations 1982
The Institute of Company Secretaries of India (ICSI) on Monday notified the temporary relaxation in Regulations 46BA and 46BB of the Company Secretaries Regulations 1982 due to the COVID-19 pandemic. ...
![No Capital Gain Tax on Income from Relinquishment of Right: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Relinquishment-capital-gain-tax-ITAT-Taxscan.jpg "No Capital Gain Tax on Income from Relinquishment of Right: ITAT [Read Order]")
Market Value of Property reduced due to Litigation and Defect in Title, Section 50C can’t be applied: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of section 50C of the Income Tax Act, 1961 cannot be applied in cases where the market value of the...
![Market Value of Property reduced due to Litigation and Defect in Title, Section 50C can’t be applied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Market-Value-ITAT-Taxscan.jpg "Market Value of Property reduced due to Litigation and Defect in Title, Section 50C can’t be applied: ITAT [Read Order]")