DGFT notifies late cut for MEIS applications for exports made in the Financial Year 2019-20
The Director-General of Foreign Trade (DGFT) notified the late cut for Merchandise Exports from India Scheme (MEIS) applications for exports made in...
![IBBI unveils rules for new pre-packaged Resolution Process [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/IBBI-new-pre-packaged-resolution-process-Taxscan.jpeg "IBBI unveils rules for new pre-packaged Resolution Process [Read Notification]")
![MCA sets Minimum Default threshold at Rs.10 lakh for MSME pre-pack Insolvency Resolution [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/MCA-minimum-default-threshold-MSME-pre-pack-insolvency-resolution-Taxscan.jpg "MCA sets Minimum Default threshold at Rs.10 lakh for MSME pre-pack Insolvency Resolution [Read Notification]")
SCN not validly served which is a condition precedent for giving jurisdiction to the Adjudicating Authority to pass an order: CESTAT
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), Delhi Bench held that the Show Cause Notice was not validly served which is a condition precedent for giving jurisdiction to the...
Penalty can't Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal( ITAT ) held that the penalty under section 271(1)(c) of the Income Tax Act would not stand where quantum addition made is already deleted by a...
![Penalty cant Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-Quantum-Addition-Competent-Authority-ITAT-Taxscan.jpg "Penalty cant Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]")
Last chance for CA Students who have completed their 2nd year of Practical Training during Oct-Dec, 2019: ICAI opens Registration for Online Home-Based Practical Training Assessment
The Institute of Chartered Accountants of India ( ICAI ) has opened the Registration for Online Home-Based Practical Training Assessment. The next practical training assessment is being conducted...
Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench while deleting the addition held that the marriage Gifts/Cash received through Banking Channel cannot be treated as a source for Cash...
![Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Marriage-Gifts-Cash-received-through-Banking-Channel-Cash-Deposits-ITAT-Taxscan.jpg "Marriage Gifts / Cash received through Banking Channel cannot be treated as source for Cash Deposits: ITAT deletes Addition [Read Order]")
Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while disallowing the deduction held that the interest on Late Payment of TDS does not constitute Business Expenditure. The assessee, M/s. New...
![Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Interest-Late-Payment-TDS-Business-Expenditure-ITAT-Deduction-taxscan.jpg "Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]")
![LLP can Form a Partnership Firm with an Individual or Other Persons: Kerala High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/LLP-Partnership-Firm-Kerala-High-Court-Taxscan-1.jpg "LLP can Form a Partnership Firm with an Individual or Other Persons: Kerala High Court [Read Judgment]")