[BREAKING] CA Exams Nov 2020: ICAI postpones CA Foundation Examination Paper-1
The Institute of Chartered Accountants of India (ICAI) has announced that Foundation Examination shall now be held on 13th December 2020 at the...
![Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Foreign-exchange-fluctuation-operating-profit-profit-margin-ITAT-Taxscan.jpg "Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]")
No Parallel Proceedings under Central and State Acts: Gujarat High Court stays GST Proceedings [Read Petition & Order]
The Gujarat High court stayed the proceedings against separate complaints by State and Central GST Department against the Petitioner on the same facts. The unique case of Double Jeopardy by two...
![No Parallel Proceedings under Central and State Acts: Gujarat High Court stays GST Proceedings [Read Petition & Order]](https://www.taxscan.in/wp-content/uploads/2020/12/parallel-proceedings-State-Act-Central-Act-Gujarat-High-court-Taxscan-1.jpg "No Parallel Proceedings under Central and State Acts: Gujarat High Court stays GST Proceedings [Read Petition & Order]")
Promotional Activities by Coca Cola Franchisee not covered under ‘BAS’, No Service Tax: CESTAT [Read Order]
The Chandigarh bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has recently held that service tax cannot be imposed on Coca Cola Franchisee for the promotional activities...
![Promotional Activities by Coca Cola Franchisee not covered under ‘BAS’, No Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Promotional-Activities-Coca-Cola-Franchisee-BAS-Service-Tax-CESTAT-Coca-Cola-Taxscan.jpg "Promotional Activities by Coca Cola Franchisee not covered under ‘BAS’, No Service Tax: CESTAT [Read Order]")
No Tax applicable on Shipping Income of Foreign Vessels under India-Singapore Tax Treaty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that no tax applicable on the shipping income of foreign vessels under the India-Singapore Tax Treaty. The assessee, M/s. Bengal Tiger Line Pte Ltd....
![No Tax applicable on Shipping Income of Foreign Vessels under India-Singapore Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Shipping-Income-Foreign-Vessels-India-Singapore-Tax-Treaty-ITAT-Taxscan.jpeg "No Tax applicable on Shipping Income of Foreign Vessels under India-Singapore Tax Treaty: ITAT [Read Order]")
ITAT directs Assessing Officer to delete addition on account of Depreciation on Membership Card [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench directed the AO to delete addition on account of depreciation on membership card. The assessee, Edelweiss Financial Advisors Ltd. is...
![ITAT directs Assessing Officer to delete addition on account of Depreciation on Membership Card [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-Assessing-Officer-Depreciation-on-Membership-Card-Membership-Card-Taxscan-1.jpg "ITAT directs Assessing Officer to delete addition on account of Depreciation on Membership Card [Read Order]")
Gujarat HC issues notice on plea challenging validity of GST charged in respect of supply has been actually paid to Government [Read Order]
The Gujarat High Court issued the notice to the center and state Government in plea challenging validity of tax charged in respect of such supply has been actually paid to the Government. The...
![Gujarat HC issues notice on plea challenging validity of GST charged in respect of supply has been actually paid to Government [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Gujarat-High-Court-notice-plea-challenging-validity-GST-supply-Government-Taxscan.jpg "Gujarat HC issues notice on plea challenging validity of GST charged in respect of supply has been actually paid to Government [Read Order]")
Delhi High Court to hear more than 50 petitions against absence of methodology to calculate Profiteering under GST
The Delhi High Court will hear more than 50 petitions challenging the constitutional validity of anti-profiteering regulations in absence of any methodology to calculate profiteering under the Goods...
