Three New Faces in GST Council: All You Need to Know About the Newly Elected State Finance Ministers
In the recently concluded polls in the states of West Bengal, Tamil Nadu and Kerala the new Finance Ministers namely Amit Mitra, P.T.R. Palanivel...
![Govt. notifies Procedure for opening and operating FCRA Account [Read Notice]](https://www.taxscan.in/wp-content/uploads/2021/05/FCRA-Account-Taxscan.jpg "Govt. notifies Procedure for opening and operating FCRA Account [Read Notice]")
Wrongful availment of ITC: Rajasthan High Court refuses to grant Bail to Chartered Accountant involved in GST Scam [Read Order]
The Rajasthan High Court refused to grant bail to the CA for allegedly availing wrongful ITC by creating as many as 38 fake firms. Mr. Mr. JatinHarjai Counsel for the petitioner, submits that the...
![Wrongful availment of ITC: Rajasthan High Court refuses to grant Bail to Chartered Accountant involved in GST Scam [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Wrongful-availment-of-ITC-Rajasthan-High-Court-Bail-to-Chartered-Accountant-GST-Scam-Taxscan.jpg "Wrongful availment of ITC: Rajasthan High Court refuses to grant Bail to Chartered Accountant involved in GST Scam [Read Order]")
![MCA issues Clarification on Offsetting Excess CSR spent for FY 2019-20 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/05/MCA-excess-CSR-spent-Taxscan.jpeg "MCA issues Clarification on Offsetting Excess CSR spent for FY 2019-20 [Read Circular]")
Exemption under Section 54F cannot be denied on mere delay in completion of construction within 3 years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that the exemption under Section 54F cannot be denied on mere delay in completion of construction within 3 years. The assessee, Shivratan...
![Exemption under Section 54F cannot be denied on mere delay in completion of construction within 3 years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Exemption-Section-54F-completion-of-construction-ITAT-taxscan.jpeg "Exemption under Section 54F cannot be denied on mere delay in completion of construction within 3 years: ITAT [Read Order]")
ITAT deletes Addition as Assessee Discharged Initial Onus to Prove Identity of Investor Companies, Creditworthiness, Genuineness of Transaction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the addition as assessee discharged initial onus to prove identity of Investor Companies, creditworthiness, genuineness of...
![ITAT deletes Addition as Assessee Discharged Initial Onus to Prove Identity of Investor Companies, Creditworthiness, Genuineness of Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/ITAT-Addition-Investor-Companies-Creditworthiness-Genuineness-of-Transaction-Taxscan.jpg "ITAT deletes Addition as Assessee Discharged Initial Onus to Prove Identity of Investor Companies, Creditworthiness, Genuineness of Transaction [Read Order]")
Reassessment to be carried on Valuation and Loading of Value of Imported Goods declared by Importer: Customs Commissioner [Read Order]
The Commission of Customs (Appeals) while remitting the matter to the Original Adjudicating Authority said that the Reassessment to be carried in respect of valuation and loading of value of imported...
![Reassessment to be carried on Valuation and Loading of Value of Imported Goods declared by Importer: Customs Commissioner [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Reassessment-valuation-and-loading-of-value-of-imported-goods-importer-Custom-Commissioner-Original-Adjudicating-Authority-Taxscan.jpg "Reassessment to be carried on Valuation and Loading of Value of Imported Goods declared by Importer: Customs Commissioner [Read Order]")
Income not to be considered in hands of Joint Venture as Contract Receipts, Assets, Liabilities apportioned between Members: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that income not to be considered in hands of joint venture as contract receipts, assets, liabilities apportioned between members. ...
![Income not to be considered in hands of Joint Venture as Contract Receipts, Assets, Liabilities apportioned between Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-joint-venture-contract-receipts-assets-liabilities-ITAT-Taxscan.jpg "Income not to be considered in hands of Joint Venture as Contract Receipts, Assets, Liabilities apportioned between Members: ITAT [Read Order]")