![Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Karnataka-High-Court-Interest-on-Non-Performing-Assets-Taxable-Income-Taxscan.jpg "Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]")
Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]
The Karnataka High Court while quashing the appeal of the revenue deleted interest accrued on non-performing assets from the computation of taxable...
![Income Tax Returns: CBDT issues revised instructions for filing of ITR-2, 3, 5, 6 & 7 for better clarity [Read Instructions]](https://www.taxscan.in/wp-content/uploads/2020/11/Income-Tax-Department-revised-instructions-filing-of-ITR-Taxscan.jpg "Income Tax Returns: CBDT issues revised instructions for filing of ITR-2, 3, 5, 6 & 7 for better clarity [Read Instructions]")
![ITAT confirms disallowance against Nike India: Burden of Expenditure for New Product Samples is on manufacturer, Wholesaler can’t claim Tax benefit [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Nike-India-ITAT-Tax-Benefits-Expenditure-Taxscan.jpg "ITAT confirms disallowance against Nike India: Burden of Expenditure for New Product Samples is on manufacturer, Wholesaler can’t claim Tax benefit [Read Order]")
![Company granting Bonus to Employees or Shareholder entitled to Tax benefits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Bonus-Tax-Benefit-Shareholder-ITAT-Employee-Taxscan.jpg "Company granting Bonus to Employees or Shareholder entitled to Tax benefits: ITAT [Read Order]")
Person practising law has to practise in spirit of Honesty and not in spirit of Money getting: Himachal Pradesh HC reprimands Advocate For Professional Misconduct
The Himachal Pradesh High Court while reprimanding the Advocate for professional misconduct said that the legal profession is a noble profession. A person practising law has to practise in the spirit...
EY entitled to Deduction under Section 10AA on Voluntary Transfer Pricing Adjustment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the assessee is entitled to deduction under Section 10AA on voluntary transfer pricing adjustment. The assessee, EYGBS (India)...
![EY entitled to Deduction under Section 10AA on Voluntary Transfer Pricing Adjustment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/EY-Deduction-Voluntary-Transfer-Pricing-Adjustment-ITAT-Taxscan.jpeg "EY entitled to Deduction under Section 10AA on Voluntary Transfer Pricing Adjustment: ITAT [Read Order]")
![CBIC issues clarification on holding of Pre-Show Cause Notice Consultation [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/11/CBIC-Pre-Show-Cause-Notice-Consultation-Taxscan.jpg "CBIC issues clarification on holding of Pre-Show Cause Notice Consultation [Read Circular]")
National E-Assessment: CBDT issues SOP for Assessment Unit, Verification Unit, Technical Unit, and Review Unit of ReACs [Read SoP]
The National E-Assessment, Delhi has issued the Standard Operating Procedure (SOP) for Assessment Unit, Verification Unit, Technical Unit and Review Unit of ReACs. The National E-Assessment, Delhi...
![National E-Assessment: CBDT issues SOP for Assessment Unit, Verification Unit, Technical Unit, and Review Unit of ReACs [Read SoP]](https://www.taxscan.in/wp-content/uploads/2020/11/National-E-Assessment-CBDT-SOP-Assessment-Unit-Verification-Unit-Technical-Unit-Review-Unit-ReACs-Taxscan.jpg "National E-Assessment: CBDT issues SOP for Assessment Unit, Verification Unit, Technical Unit, and Review Unit of ReACs [Read SoP]")
CA Exams Nov 2020: ICAI reschedules Intermediate & IPC Examination in Tamil Nadu and Puducherry due to Nivar cyclone
The Institute of Chartered Accountants of India (ICAI) rescheduled Intermediate & IPC Examination in Tamil Nadu and Puducherry due to the Nivar cyclone. The rescheduled Intermediate and IPC...
Certificate by CA or Bank enough to establish Link between FIRC & Export Invoice: CESTAT allows refund claim of Cenvat Credit to 100% EOU [Read Order]
The Customs, Excise and Services Tax Appellate Tribunal (CESTAT) while allowing refund claim of Cenvat Credit by the Export Oriented Unit (EOU), held that the certificate issued by CA or Bank enough...
![Certificate by CA or Bank enough to establish Link between FIRC & Export Invoice: CESTAT allows refund claim of Cenvat Credit to 100% EOU [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Certificate-by-CA-Bank-FIRC-Export-Invoice-CESTAT-refund-claim-Cenvat-Credit-EOU-CENVAT-Taxscan.jpeg "Certificate by CA or Bank enough to establish Link between FIRC & Export Invoice: CESTAT allows refund claim of Cenvat Credit to 100% EOU [Read Order]")