SEBI introduces new norm for Mutual fund participation in ETCDs
The Securities and Exchange Board of India (SEBI) on Friday introduced an new norm for investment and disclosure by mutual funds in Exchange Traded...
![Delhi High Court sets aside director Disqualification, ordered reactivation of DIN and DSC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Delhi-High-Court-director-disqualification-ordered-reactivation-DIN-DSC-Taxscan-1.jpg "Delhi High Court sets aside director Disqualification, ordered reactivation of DIN and DSC [Read Order]")
![Remand is not a power to be exercised by ITAT in routine manner but to be used sparingly: Delhi High Court grants partial relief to Microsoft India [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Microsoft-India-ITAT-Delhi-High-court-Taxscan.jpg "Remand is not a power to be exercised by ITAT in routine manner but to be used sparingly: Delhi High Court grants partial relief to Microsoft India [Read Judgment]")
![NCLT orders Liquidation of dairy products firm Kwality Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NCLT-New-Delhi-orders-liquidation-dairy-products-firm-Kwality-Ltd.-Taxscan.jpg "NCLT orders Liquidation of dairy products firm Kwality Ltd. [Read Order]")
![ITAT grants reduction of Unabsorbed Depreciation to the tune of Rs.8.48 Cr to GoAir [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-Mumbai-ITAT-Reduction-Unabsorbed-Reduction-Go-Airlines-Taxscan.jpg "ITAT grants reduction of Unabsorbed Depreciation to the tune of Rs.8.48 Cr to GoAir [Read Order]")
Relief to Jet Airways & Spice Jet: Exemption available on payment of IGST on re-import of repaired parts/aircrafts into India, rules CESTAT [Read Order]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), New Delhi Bench held that Jet Airways and Spice Jet are entitled to exemption from payment of Integrated Goods and Service Tax...
![Relief to Jet Airways & Spice Jet: Exemption available on payment of IGST on re-import of repaired parts/aircrafts into India, rules CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Relief-to-Jet-Airways-Spice-Jet-IGST-re-import-of-repaired-parts-aircrafts-into-India-CESTAT-Taxscan.jpg "Relief to Jet Airways & Spice Jet: Exemption available on payment of IGST on re-import of repaired parts/aircrafts into India, rules CESTAT [Read Order]")
Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the benefit of higher tolerance band of 10% for difference between the sale price of flat and the stamp duty valuation to apply...
![Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/tolerance-band-sale-price-stamp-duty-valuation-ITAT-Taxscan.jpg "Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]")
Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai on last Saturday ruled that the advance amount received by a property owner from the real-estate developer for a re-development project qualifies as...
![Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/real-estate-developer-property-owner-operational-debt-IBC-NCLT-Mumbai-NCLT-Taxscan.jpeg "Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]")
Gujarat High Court admits Petition challenging GST Rule restricts ITC to Buyers on the basis of Outward Supplies furnished by Supplier [Read Order]
The Gujarat High Court issued the notices on plea challenging 5% Provisional Input Tax Credit (ITC) reflected in FORM GSTR-2B as per the 36(4) of GST Rules. The petitioner, Surat Mercantile...
![Gujarat High Court admits Petition challenging GST Rule restricts ITC to Buyers on the basis of Outward Supplies furnished by Supplier [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Gujarat-High-Court-GST-Rule-ITC-to-Buyers-Outward-Supplies-furnished-by-Supplier-Taxscan.jpg "Gujarat High Court admits Petition challenging GST Rule restricts ITC to Buyers on the basis of Outward Supplies furnished by Supplier [Read Order]")