![CBIC notifies Ad hoc Exemption from IGST on Imports of specified COVID-19 relief material Donated from Abroad [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/05/CBIC-Ad-hoc-Exemption-IGST-COVID-19-relief-material-donated-from-abroad-Taxscan.jpeg "CBIC notifies Ad hoc Exemption from IGST on Imports of specified COVID-19 relief material Donated from Abroad [Read Circular]")
CBIC notifies Ad hoc Exemption from IGST on Imports of specified COVID-19 relief material Donated from Abroad [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) on Monday notified the Ad hoc Exemption from IGST on imports of specified COVID-19 relief...
![No Custom Duty is applicable on LCD modules imported by the Continental Automative Components: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Custom-Duty-LCD-modules-imported-Continental-Automative-Components-CESTAT-Taxscan.jpeg "No Custom Duty is applicable on LCD modules imported by the Continental Automative Components: CESTAT [Read Order]")
![Disallowances purely without any tangible material shall be Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Disallowances-tangible-material-ITAT-taxscan.jpeg "Disallowances purely without any tangible material shall be Invalid: ITAT [Read Order]")
Legislators never intended to beeline Tax Authorities before NCLT to Recover Tax dues If proceedings initiated against Corporate Debtor: Madras HC on effect of 2019 IBC Amendment
The Madras High Court while commenting on the effect of 2019 Insolvency and Bankruptcy Code, 2016 (IBC) amendment said that Legislators never intended to beeline Tax authorities before the...
GST Evasion: Gujarat HC grants bail to Kingpin of racket involving 13 fictitious firms leading to evasion worth Rs.6.31 cr [Read Order]
The Gujarat High Court granted bail to the Kingpin of a racket involving 13 fictitious firms leading to evasion worth Rs.6.31 cores. Mr. Tejas M.Barot, the Counsel appearing for the applicant,...
![GST Evasion: Gujarat HC grants bail to Kingpin of racket involving 13 fictitious firms leading to evasion worth Rs.6.31 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/GST-Evasion-Gujarat-HC-Kingpin-of-racket-Taxscan.jpg "GST Evasion: Gujarat HC grants bail to Kingpin of racket involving 13 fictitious firms leading to evasion worth Rs.6.31 cr [Read Order]")
ICAI waives off Condonation Fees due to late filing of application of Form 18 related to Members and Firms amidst COVID-19
The Institute of Chartered Accountants of India ( ICAI ) has waived off Condonation Fees due to late filing of application Form 18 related to Members and Firms amidst COVID-19 Pandemic till 30th July...
Booking Rights or Rights to Purchase Apartment or Rights to obtain Title to Apartment is 'Transfer' to impose Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the Booking Rights or Rights to Purchase Apartment or Rights to obtain title to the Apartment are “Transfer” to impose Capital Gain. ...
![Booking Rights or Rights to Purchase Apartment or Rights to obtain Title to Apartment is Transfer to impose Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Booking-Rights-Rights-to-Purchase-Apartment-Apartment-Capital-Gain-ITAT-Taxscan.jpeg "Booking Rights or Rights to Purchase Apartment or Rights to obtain Title to Apartment is Transfer to impose Capital Gain: ITAT [Read Order]")
Gift is to be treated as genuine when Assessee discharges onus of proving Identity, Creditworthiness and Relationship: ITAT deletes Addition
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench while deleting the addition ruled that gift is to be treated as genuine when assessee discharges onus of proving identity, creditworthiness and...
![Expenditure towards Repairs to make House habitable deductible from Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Expenditure-capital-gain-House-habitable-deductible-ITAT-Taxscan.jpg "Expenditure towards Repairs to make House habitable deductible from Capital Gain: ITAT [Read Order]")