![No Recovery on Spot during Search proceedings in GST cases: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/recovery-on-the-spot-search-proceedings-GST-cases-Gujarat-High-Court-Taxscan.jpg "No Recovery on Spot during Search proceedings in GST cases: Gujarat High Court [Read Order]")
No Recovery on Spot during Search proceedings in GST cases: Gujarat High Court [Read Order]
The Gujarat High Court ruled that no recovery on the spot during search proceedings in GST cases. The division bench of Justices J.B. Pardiwala...
![ITAT quashes Reassessment proceedings against Nike India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Reassessment-proceedings-Nike-India-Taxscan.jpg "ITAT quashes Reassessment proceedings against Nike India [Read Order]")
![Govt. notifies appointment of members of CBIC [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Government-appointment-of-members-CBIC-Taxscan.jpg "Govt. notifies appointment of members of CBIC [Read Notification]")
Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]
The Bombay High Court held that interest on the loan is not taxable in absence of a mechanism for bifurcation of service prior to March 2006. The respondent, Shriram Transport Finance Company Ltd....
![Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-on-loan-mechanism-for-bifurcation-of-service-Bombay-High-court-Taxscan.jpeg "Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]")
Relief to NLC: Simpliciter Interest received for delay in payment can’t be considered as Income generated from Business Operations, eligible for Deduction, says ITAT
The Income Tax Appellate Tribunal (ITAT), Chennai Bench held that simpliciter interest received for delay in payment cannot be considered as income generated from business operations, eligible for...
Kerala High Court directs State Govt to take a decision on including Online Gaming in Kerala Gaming Act [Read Order]
The Kerala High Court has directed the state chief secretary and IT secretary to take an “appropriate decision” on the aspect of including online gambling and betting within the purview of the Kerala...
GST Evasion: CGST Delhi officials arrests 4 in 3 different cases of Input Tax Credit fraud of Rs 178 cr
In the ensuing initiative to counter the menace of fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi North, on the basis of intelligence developed...
![CESTAT deletes Penalty against IVRCL in absence of allegation of Fraud, Mis-representation [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/CESTAT-penalty-IVRCL-fraud-mis-representation-Taxscan.jpeg "CESTAT deletes Penalty against IVRCL in absence of allegation of Fraud, Mis-representation [Read Order]")
Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi held that the option money received by the assessee is capital receipt which requires an adjustment only at the time of transfer of the shares by Dabur...
![Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Dabur-money-Capital-Receipt-adjustment-Transfer-of-Shares-ITAT-taxscan.jpg "Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]")