![ITAT: Consideration Received for Sale of Software products is not Royalty income; not taxable in the hands of assessee in India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-sale-of-software-products-Royalty-income-assessee-in-India-Taxscan.jpg "ITAT: Consideration Received for Sale of Software products is not Royalty income; not taxable in the hands of assessee in India [Read Order]")
ITAT: Consideration Received for Sale of Software products is not Royalty income; not taxable in the hands of assessee in India [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune, has ruled that the sale consideration received for the sale of software products from the end-users,...
![CESTAT quashes order confirming demand of Service Tax under Works Contract even if levy of Service Tax wasn’t exempted [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/CESTAT-demand-of-service-tax-works-contract-levy-of-service-tax-Taxscan.jpg "CESTAT quashes order confirming demand of Service Tax under Works Contract even if levy of Service Tax wasn’t exempted [Read Order]")
![Bombay High Court lifts Provisional Attachment of petitioner’s Share in Escrow Account subject to maintaining credit balance of Rs. 5,00,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Bombay-High-court-provisional-attachment-petitioners-share-escrow-account-subject-maintaining-credit-balance-Taxscan.jpg "Bombay High Court lifts Provisional Attachment of petitioner’s Share in Escrow Account subject to maintaining credit balance of Rs. 5,00,000 [Read Order]")
![Delhi High Court grants anticipatory bail to person alleged of creating bogus export firms, fraudulently availed ITC to the tune of Rs.45 crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Delhi-High-Court-anticipatory-bail-bogus-export-firms-fraudulently-availed-ITC-Taxscan.jpeg "Delhi High Court grants anticipatory bail to person alleged of creating bogus export firms, fraudulently availed ITC to the tune of Rs.45 crores [Read Order]")
![ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Income-on-sale-of-shares-of-company-LTCG-Taxscan.jpg "ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]")
ITAT: Compensation received for pre-closure of Contract Manufacturing Agreement is Capital Receipt; not Taxable [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai on Monday ruled that that compensation received for pre-closure of contract manufacturing agreement is in the nature of capital receipt paid for loss...
![ITAT: Compensation received for pre-closure of Contract Manufacturing Agreement is Capital Receipt; not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Compensation-manufacturing-agreement-is-Capital-Receipt-Taxscan.jpg "ITAT: Compensation received for pre-closure of Contract Manufacturing Agreement is Capital Receipt; not Taxable [Read Order]")
DGFT notifies Amendment of IEC related provisions of Foreign Trade Policy, 2015-2020 [Read Notification]
The Director-General of Foreign Trade (DGFT) notified the amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter 2 of Foreign Trade Policy, 2015-2020. As per the...
![DGFT notifies Amendment of IEC related provisions of Foreign Trade Policy, 2015-2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/DGFT-Amendment-of-IEC-Foreign-Trade-Policy-Taxscan.jpg "DGFT notifies Amendment of IEC related provisions of Foreign Trade Policy, 2015-2020 [Read Notification]")
CESTAT upholds rejection of Refund Application since Assessee could not file the application Online within Due Date [Read Order]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) upheld the order of the Commissioner (Appeals) in upholding the order passed by the Assistant Commissioner rejecting the application...
![CESTAT upholds rejection of Refund Application since Assessee could not file the application Online within Due Date [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/CESTAT-Refund-Application-Taxscan.jpg "CESTAT upholds rejection of Refund Application since Assessee could not file the application Online within Due Date [Read Order]")
Delhi Govt. constitutes Committee to address the Grievances of Tax Professionals Association, Trade Bodies [Read Order]
The Delhi Government constituted the Committee to address the Grievances of Tax Professionals Association, Trade Bodies. The Committee will be chaired by Mr. Pramod Gupta, Assistant Commissioner...
![Delhi Govt. constitutes Committee to address the Grievances of Tax Professionals Association, Trade Bodies [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Delhi-Govt-Grievances-of-Tax-Professionals-Association-Trade-Bodies-Taxscan.jpg "Delhi Govt. constitutes Committee to address the Grievances of Tax Professionals Association, Trade Bodies [Read Order]")