![ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Jewellery-Violation-of-CBDT-Instruction-Taxscan.jpg "ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]")
ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]
The Income Tax Appellate Tribunal, Bangalore ruled that when the assessee is living in joint family, gold credit provided by the Commissioner of...
![Gold Smuggling with intent to threaten Economic Security of India is a Terrorist Act: Rajasthan High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Gold-Smuggling-threaten-Economic-Security-of-India-Terrorist-Act-Rajasthan-High-Court-Taxscan.jpg "Gold Smuggling with intent to threaten Economic Security of India is a Terrorist Act: Rajasthan High Court [Read Order]")
![Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Compensation-Compulsory-Land-Acquisition-exempted-from-Income-Tax-ITAT-Taxscan.jpg "Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]")
![Creditor not to become Financial Creditor, if a Corporate Debtor offered Security by pledging Shares, without discharging borrowers liability: Supreme Court [Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Creditor-Financial-Creditor-Corporate-Debtor-Shares-borrowers-liability-Supreme-Court-Taxscan.jpg "Creditor not to become Financial Creditor, if a Corporate Debtor offered Security by pledging Shares, without discharging borrowers liability: Supreme Court [Judgment]")
Authority to record the belief of Commission of act before directing Freezing of Bank Accounts under PMLA: Supreme Court [Read Judgment]
The Supreme Court held that the authority has to record the belief of commission of the act before directing freezing of bank accounts under Prevention of Money Laundering Act. The Deputy...
Lower Tax Authorities can’t sustain addition without any cogent material on record: Delhi High Court [Read Judgment]
The Delhi High court held that the lower tax authorities cannot sustain addition without any cogent material on record. The Respondent-Assessee is an individual who has derived income from...
![Lower Tax Authorities can’t sustain addition without any cogent material on record: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Lower-Tax-Authorities-cogent-material-on-record-Delhi-High-Court-Taxscan-1.jpg "Lower Tax Authorities can’t sustain addition without any cogent material on record: Delhi High Court [Read Judgment]")
![‘Hundi’ Receipts in Cash from Donors are Capital Receipts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Hundi-Receipts-Cash-from-Donors-Capital-Receipts-ITAT-Taxscan.jpg "‘Hundi’ Receipts in Cash from Donors are Capital Receipts: ITAT [Read Order]")
![ITAT allows Deduction u/s 35(1)(ii) on Account of Donation [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-account-of-donation-Taxscan.jpg "ITAT allows Deduction u/s 35(1)(ii) on Account of Donation [Read Order]")
SEBI penalizes Kishore Biyani and Anil Biyani of Future Corporate Resources for Insider Trading [Read Order]
The Securities and Exchange Board of India (SEBI) has penalized Future Corporate Resources Pvt Ltd, Kishore Biyani and Anil Biyani, founder and co-founder of Future group respectively, and five...
![SEBI penalizes Kishore Biyani and Anil Biyani of Future Corporate Resources for Insider Trading [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/SEBI-Kishore-Biyani-Anil-Biyani-Future-Corporate-Resources-Insider-Trading-Taxscan.jpg "SEBI penalizes Kishore Biyani and Anil Biyani of Future Corporate Resources for Insider Trading [Read Order]")
![Divorce proceeding by daughter-in-law sufficient reason to condone delay: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Divorce-proceeding-daughter-in-law-sufficient-reason-condone-delay-ITAT-Taxscan.jpg "Divorce proceeding by daughter-in-law sufficient reason to condone delay: ITAT [Read Order]")
Open Online Portal to enable National Internet Exchange of India to file Form TRAN-1 or accept manually: Delhi High Cout directs GST Dept [Read Order]
The Delhi High Court directed the c to open an online portal to enable the National Internet Exchange of India to re-file rectified TRAN-1 form electronically or accept manually. The...
![Open Online Portal to enable National Internet Exchange of India to file Form TRAN-1 or accept manually: Delhi High Cout directs GST Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/online-portal-National-Internet-Exchange-of-India-TRAN-1-Delhi-HC-GST-taxscan.jpeg "Open Online Portal to enable National Internet Exchange of India to file Form TRAN-1 or accept manually: Delhi High Cout directs GST Dept [Read Order]")