GST Evasion: Inter-State Fake Invoice racket with fake transactions valued at over Rs. 131 Cr value busted by DGGI involving fraudulent Input Tax credit of Rs. 26.09 Crore
An Inter-State fake invoice racket with fake transactions valued at over Rs. 131 Crore involving 3 Taxpayers, one based in Maharashtra and 2 based in...
![GST Evasion: Patiala House Court grants Bail to person alleged of taking Fake ITC Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/GST-Evasion-CGST-Vadodara-Input-Tax-Credit-Clearance-of-Goods-Invoices-E-Way-Bills-Fake-GSTINs-Taxscan.jpg "GST Evasion: Patiala House Court grants Bail to person alleged of taking Fake ITC Credit [Read Order]")
![Transaction can’t be regarded as colorable merely on the basis that assessee claimed Depreciation on Goodwill in Amalgamation Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Transaction-Colourable-assessee-depreciation-amalgamation-scheme-ITAT-Taxscan.jpg "Transaction can’t be regarded as colorable merely on the basis that assessee claimed Depreciation on Goodwill in Amalgamation Scheme: ITAT [Read Order]")
![Deduction u/s 54 can’t be denied for non-completion of construction of new residential house within 3 years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Deduction-construction-residential-house-ITAT-Taxscan.jpg "Deduction u/s 54 can’t be denied for non-completion of construction of new residential house within 3 years: ITAT [Read Order]")
![Giving Information of an Ongoing Investigation to its informer is not only inappropriate, but also injurious: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/ongoing-investigation-Delhi-High-Court-Taxscan.jpg "Giving Information of an Ongoing Investigation to its informer is not only inappropriate, but also injurious: Delhi High Court [Read Order]")
Centre places private-sector lender Lakshmi Vilas Bank under a moratorium and restricts withdrawals of more than Rs.25,000 [Read Notification]
The Centre has placed private-sector lender Lakshmi Vilas Bank Ltd. under a moratorium and has restricted withdrawals of more than Rs.25,000 for one month till December 16, 2020. The step was...
![Centre places private-sector lender Lakshmi Vilas Bank under a moratorium and restricts withdrawals of more than Rs.25,000 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/private-sector-lender-Lakshmi-Vilas-Bank-moratorium-withdrawals-Taxscan.jpg "Centre places private-sector lender Lakshmi Vilas Bank under a moratorium and restricts withdrawals of more than Rs.25,000 [Read Notification]")
75% Waiver in Registration Fee for Students pursuing Chartered Accountancy course from UT of Ladakh: ICAI opens Representative office in Leh
The Institute of Chartered Accountants of India (ICAI) has opened the Representative office in Leh. The ICAI is a statutory body established under the Chartered Accountants Act, 1949 for...
Allahabad High Court refuses to quash charges against Income Tax Commissioner for causing wrongful loss to revenue to tune of Rs. 7.26 cr [Read Order]
The Allahabad High Court refused to quash charges in respect of offences of cheating, criminal conspiracy and Corruption against CIT(A). The allegation against the applicant, S.K. Srivastava a...
![Allahabad High Court refuses to quash charges against Income Tax Commissioner for causing wrongful loss to revenue to tune of Rs. 7.26 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Allahabad-High-Court-Income-Tax-Commissioner-revenue-Taxscan.jpg "Allahabad High Court refuses to quash charges against Income Tax Commissioner for causing wrongful loss to revenue to tune of Rs. 7.26 cr [Read Order]")
Advocate enrolment: Gujarat High Court allows AIBE-hopeful to continue in employment of Single Mother until she clears Bar Exam [Read Judgment]
The Gujarat high court has allowed an employee applicant hoping to enroll with the Bar Council as an advocate to continue with employment until she clears the All India Bar Examination (AIBE). ...
Mobilisation Fees Received from Time Charter of Vessel won’t fall within definition of ‘Royalty’ under the India-Singapore Tax Treaty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the mobilisation fees received from the time charter of the vessel would not fall within definition of ‘royalty’ under the...
![Mobilisation Fees Received from Time Charter of Vessel won’t fall within definition of ‘Royalty’ under the India-Singapore Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Mobilisation-Fees-Time-Charter-of-Vessel-Royalty-India-Singapore-Tax-Treaty-ITAT-Taxscan.jpg "Mobilisation Fees Received from Time Charter of Vessel won’t fall within definition of ‘Royalty’ under the India-Singapore Tax Treaty: ITAT [Read Order]")
![Micafungin sodium entitled for concessional rate of 5% GST: Karnataka AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Micafungin-sodium-concessional-GST-Karnataka-AAAR-Taxscan.jpeg "Micafungin sodium entitled for concessional rate of 5% GST: Karnataka AAAR [Read Order]")