![Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Exempted-Income-book-profit-ITAT-Taxscan.jpg "Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]")
Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench ruled that the disallowance made for Exempted Income not to be added for computing of...
![Haryana to be the First State to allow Reimbursement of GST on Covid items’ Donations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/Haryana-reimbursement-GST-Covid-items-donations-taxscan.jpeg "Haryana to be the First State to allow Reimbursement of GST on Covid items’ Donations [Read Notification]")
![Sec 80IB does not mandate Separate Books of Accounts for claiming Deduction: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/05/Sec-80IB-Books-of-Accounts-Madras-High-Court-Taxscan.jpeg "Sec 80IB does not mandate Separate Books of Accounts for claiming Deduction: Madras High Court [Read Judgment]")
Dept can't make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench ruled that no cash inflow involved due to demonetization as the assessee explains the reason for huge sales with evidence. The...
![Dept cant make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Scrapped-Currencies-Post-Demonetization-ITAT-Jewellery-Taxscan.jpg "Dept cant make Addition solely for receiving Scrapped Currencies Post-Demonetization: ITAT grants Relief to Jewellery after proving Huge Sales with Evidence [Read Order]")
![CBIC notifies changes in GST Refund related Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/CBIC-GST-Refund-GST-Refund-related-Rules-Taxscan.jpg "CBIC notifies changes in GST Refund related Rules [Read Notification]")
Relief to Deloitte: Taxes paid at Maximum Marginal Rate, No Loss to Revenue for not charging Interest, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench observed that Deloitee Haskins and Sells paid taxes at maximum marginal rate, no loss to revenue for not charging interest. The assessee,...
![Relief to Deloitte: Taxes paid at Maximum Marginal Rate, No Loss to Revenue for not charging Interest, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Deloitte-Haskins-and-Sells-Taxes-maximum-marginal-rate-loss-of-revenue-charging-interest-ITAT-Taxscan.jpg "Relief to Deloitte: Taxes paid at Maximum Marginal Rate, No Loss to Revenue for not charging Interest, rules ITAT [Read Order]")
![CBDT notifies Indo-Infra Inc. as Pension Fund for Exemption u/s 10(23FE) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/CBDT-Indo-Infra-Inc-Pension-Fund-exemption-Taxscan.jpg "CBDT notifies Indo-Infra Inc. as Pension Fund for Exemption u/s 10(23FE) [Read Notification]")
Delhi High Court stays Faceless Assessment Order, directs to allow Personal Hearing to Assessee [Read Order]
The Delhi High Court while staying the recovery proceedings against disputed tax demand and initiation of penalty proceedings held that prima facie Assessee to be heard Before passing Assessment...
![Delhi High Court stays Faceless Assessment Order, directs to allow Personal Hearing to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Delhi-High-Court-Faceless-Assessment-Order-Personal-Hearing-Taxscan.jpg "Delhi High Court stays Faceless Assessment Order, directs to allow Personal Hearing to Assessee [Read Order]")
All India Federation of Tax Practitioners rolls out Scheme to provide Financial Support to COVID hit members
The All India Federation of Tax Practitioners rolls out a scheme called AIFTP Financial Support to Members (COVID-19) Scheme, 2021 to provide financial support to COVID hit members. In view of the...
Relief to Inox India: Procedural Lapse not to take away Right to Claim any Benefit of MEIS Scheme, says Gujarat High Court [Read Order]
The Gujarat High Court ruled that the procedural lapse did not take away the right to claim any benefit of the Merchandise Exports from India Scheme (MEIS) scheme. The unit of the petitioner, Inox...
![Relief to Inox India: Procedural Lapse not to take away Right to Claim any Benefit of MEIS Scheme, says Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Inox-India-Procedural-Lapse-MEIS-scheme-Gujarat-High-Court-Taxscan.jpg "Relief to Inox India: Procedural Lapse not to take away Right to Claim any Benefit of MEIS Scheme, says Gujarat High Court [Read Order]")