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GST: GSTN extends due date of filing Revocation Application of Cancellation
The Goods and Service Tax Network (GSTN) notified the extension of the due date of filing the Revocation application of Cancellation from 90 days to...
![CENVAT Credit on Input Services used for Procurement of Crude Oil: GST Dept grants relief to Indian Oil Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Relief-Indian-Oil-Corporation-CGST-Commissioner-CENVAT-Credit-input-services-procurement-of-Crude-Oil-taxscan.jpg "CENVAT Credit on Input Services used for Procurement of Crude Oil: GST Dept grants relief to Indian Oil Corporation [Read Order]")
![CBDT notifies Income Tax Exemption to Pension Funds of Various Entities [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-Exemption-Pension-Funds-Taxscan.jpg "CBDT notifies Income Tax Exemption to Pension Funds of Various Entities [Read Notification]")
![Railway liable to pay Service Tax on Licensee Fee collecting from Parking Area Contractors: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/05/Railway-service-tax-GST-Dept.-license-fee-Madras-HC-Taxscan.jpg "Railway liable to pay Service Tax on Licensee Fee collecting from Parking Area Contractors: Madras High Court [Read Judgment]")
![Reassessment invalid If satisfaction for Reopening recorded in Mechanical manner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Reassessment-invalid-reopening-mechanical-manner-ITAT-taxscan.jpeg "Reassessment invalid If satisfaction for Reopening recorded in Mechanical manner: ITAT [Read Order]")
Interest Income can't be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench ruled that Interest Income cannot be included in the total income of the assessee as a mercantile system of accounting in juxtaposition to ‘real...
![Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Interest-Income-mercantile-system-of-accounting-real-income-theory-ITAT-Taxscan.jpg "Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]")
ITAT deletes Addition as Foreign Travel Expenses incurred by Assessee were genuine and meant for Business purpose only [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench deleted the addition as foreign travel expenses incurred by the assessee were genuine and meant for business purposes only. The assessee,...
![ITAT deletes Addition as Foreign Travel Expenses incurred by Assessee were genuine and meant for Business purpose only [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/ITAT-foreign-travel-expenses-business-purpose-Taxscan.jpg "ITAT deletes Addition as Foreign Travel Expenses incurred by Assessee were genuine and meant for Business purpose only [Read Order]")
