CA Exams Nov 2020: ICAI announces dates for Uploading of Admit Card and opening of opt-out window
The Institute of Chartered Accountants of India (ICAI) announced the important dates for Uploading of Admit Card and Options to the opt-out window...
![Form 3CD: Income Tax Department releases New Tax Audit utility, Schema Version 1.21 [Read Document]](https://www.taxscan.in/wp-content/uploads/2020/10/Form-3CD-Income-Tax-Department-releases-New-Tax-Audit-utility-Schema-Version-1.21-Taxscan.jpeg "Form 3CD: Income Tax Department releases New Tax Audit utility, Schema Version 1.21 [Read Document]")
![Long Term Capital Gain Tax is not applicable to indirect transfer of Indian Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Long-Term-Capital-Gain-Tax-indirect-transfer-Indian-Assets-ITAT-Taxscan.jpeg "Long Term Capital Gain Tax is not applicable to indirect transfer of Indian Assets: ITAT [Read Order]")
![Assessing Officer not empowered to reject selection and valuation methods adopted by Taxpayer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Assessing-Officer-empowered-reject-selection-valuation-methods-adopted-Taxpayer-ITAT-taxscan.jpg "Assessing Officer not empowered to reject selection and valuation methods adopted by Taxpayer: ITAT [Read Order]")
![Bombay HC directs Customs to allow Export of Pending Consignment of Onions with valid Shipping Bills [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Bombay-High-Courtdirects-Customs-allow-Export-Pending-Consignment-Onions-Shipping-Bills-Taxscan.jpeg "Bombay HC directs Customs to allow Export of Pending Consignment of Onions with valid Shipping Bills [Read Order]")
CBIC exempts Custom duty on Scrips Issued Under RoSL Scheme For Apparel and Made-Ups Sectors [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) exempted custom duty on scrips issued under Rebate of State Levies (RoSL) Scheme for apparel and made-ups sectors. The Government laid...
![CBIC exempts Custom duty on Scrips Issued Under RoSL Scheme For Apparel and Made-Ups Sectors [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/10/CBIC-exempts-Custom-duty-Scrips-Issued-RoSL-Scheme-Apparel-Made-Ups-Sectors-Taxscan.jpg "CBIC exempts Custom duty on Scrips Issued Under RoSL Scheme For Apparel and Made-Ups Sectors [Read Notification]")
![COVID-19: MCA extends minimum residence criteria relaxations for Directors for FY 2020-21 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/10/MCA-minimum-residence-criteria-relaxations-residence-directors-MCA-Circular-Taxscan.jpeg "COVID-19: MCA extends minimum residence criteria relaxations for Directors for FY 2020-21 [Read Circular]")
Supply of Dress, School Bag, Boots etc. to students without consideration to Govt/Govt Aided schools exempted under GST: AAR [Read Order]
The Tamil Nadu Authority of Advance Ruling (AAR) ruled that GST is exempted on the supply of Dress, School Bag, Boots etc. to students without consideration to Government and Government Aided...
![Supply of Dress, School Bag, Boots etc. to students without consideration to Govt/Govt Aided schools exempted under GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Supply-of-Dress-School-Bag-Boots-students-consideration-governmentGovernment-Aided-schoolsexemptedGSTAAR.jpeg "Supply of Dress, School Bag, Boots etc. to students without consideration to Govt/Govt Aided schools exempted under GST: AAR [Read Order]")
GST Evasion: CA Final Student arrested for creating Fake Invoices to generate fake Input Tax Credit amounting to Rs.50.24 Cr
A CA Final student has been arrested for creating Fake Invoices to generate fake Input Tax Credit amounting to Rs.50.24 Crores. The officers of CGST, Vadodara-II Commissionerate of Vadodara Zone,...
Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the leasehold rights can not be computed as capital gains in respect of transactions in land or building under Section 50C of the...
![Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Leasehold-Rights-capital-gains-transactions-land-building-Section-50C-ITAT-Taxscan.jpg "Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]")
![18% GST applicable on Supply of Soft Beverages or Aerated Water by the Restaurant: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/18-GST-supply-of-soft-beverages-aerated-water-restaurant-AAR-Taxscan.jpg "18% GST applicable on Supply of Soft Beverages or Aerated Water by the Restaurant: AAR [Read Order]")