![Third-Party documents alone not sufficient to prove charge of Clandestine Removal: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Clandestine-Removal-CESTAT-Taxscan.jpeg "Third-Party documents alone not sufficient to prove charge of Clandestine Removal: CESTAT [Read Order]")
Third-Party documents alone not sufficient to prove charge of Clandestine Removal: CESTAT [Read Order]
The Customs Excise and Service Tax Appellate Tribunal(CESTAT), Delhi bench has recently quashed an order confirming the charge of clandestine removal...
![Voluntary Statements recorded before Senior Intelligence Officer cannot constitute pre-show cause notice consultation: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Voluntary-Statements-Intelligence-Officer-pre-show-cause-notice-consultation-Delhi-High-Court-Taxscan.jpg "Voluntary Statements recorded before Senior Intelligence Officer cannot constitute pre-show cause notice consultation: Delhi High Court [Read Order]")
![Relief to Pepsico: Supreme Court partially strikes down Income Tax Provision on stay of Tax Assessment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Pepsico-Supreme-Court-Income-Tax-Provision-Tax-Assessment-Taxscan.jpg "Relief to Pepsico: Supreme Court partially strikes down Income Tax Provision on stay of Tax Assessment [Read Judgment]")
![Alternate Investment Funds to submit report on their Activity on quarterly basis: SEBI [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/04/Alternate-Investment-Funds-SEBI-Taxscan.jpg "Alternate Investment Funds to submit report on their Activity on quarterly basis: SEBI [Read Circular]")
![Income Tax: ITAT quashes Sec.153C Assessment for want of Notice and Satisfaction Note [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-Sec.153C-Assessment-Notice-Satisfaction-Note-Taxscan.jpg "Income Tax: ITAT quashes Sec.153C Assessment for want of Notice and Satisfaction Note [Read Order]")
SEBI fines Mukesh Ambani, Anil Ambani & Family Rs. 25 Crores for Irregularities in RIL Shareholding [Read Order]
The Securities and Exchange Board of India (SEBI) fined Mukesh Ambani, Anil Ambani and Family Rs. 25 Crores for irregularities in (RIL) Shareholding. The SEBI conducted an investigation into...
![SEBI fines Mukesh Ambani, Anil Ambani & Family Rs. 25 Crores for Irregularities in RIL Shareholding [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/SEBI-Mukesh-Ambani-Anil-Ambani-Family-RIL-Shareholding-Taxscan.jpeg "SEBI fines Mukesh Ambani, Anil Ambani & Family Rs. 25 Crores for Irregularities in RIL Shareholding [Read Order]")
RBI orders Banks to make policy to refund ''interest on interest'' charged during moratorium [Read Circular]
The Reserve Bank of India (RBI) ordered the Banks and NBFCs to immediately make a policy to refund the ''interest on interest'' charged during the moratorium. The Circular was issued by the RBI...
![RBI orders Banks to make policy to refund interest on interest charged during moratorium [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/04/RBI-policy-to-refund-interest-on-interest-moratorium-Taxscan.jpeg "RBI orders Banks to make policy to refund interest on interest charged during moratorium [Read Circular]")
![CESTAT set aside Revocation of CHA’s License and reduces Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/CESTAT-revocation-of-CHAs-license-CHA-penalty-Taxscan.jpeg "CESTAT set aside Revocation of CHA’s License and reduces Penalty [Read Order]")
![ITAT deletes Addition in absence of requisite Enquiry and Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-bsence-of-requisite-enquiry-examination-Taxscan.jpeg "ITAT deletes Addition in absence of requisite Enquiry and Examination [Read Order]")
Pharma Company eligible to take CENVAT Credit on Inputs used for Fabrication of ‘Clean Room’: CESTAT [Read Order]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), Delhi has held that the pharma companies are entitled to take CENVAT Credit on the inputs used for the fabrication of clean rooms...
![Pharma Company eligible to take CENVAT Credit on Inputs used for Fabrication of ‘Clean Room’: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/CESTAT-CENVAT-credit-Taxscan.jpeg "Pharma Company eligible to take CENVAT Credit on Inputs used for Fabrication of ‘Clean Room’: CESTAT [Read Order]")
Assessee has the option u/s 80IA to choose first year from which deduction is claimed for 10 consecutive years: Madras High Court [Read Judgment]
The Madras High court held that the assessee has the option under section 80IA to choose the first year from which deduction is claimed for 10 consecutive years. The appellant, Commissioner of...
![Assessee has the option u/s 80IA to choose first year from which deduction is claimed for 10 consecutive years: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Assessee-deduction-Madras-High-Court-Taxscan.jpg "Assessee has the option u/s 80IA to choose first year from which deduction is claimed for 10 consecutive years: Madras High Court [Read Judgment]")
Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]
The Madras High Court while dismissing the appeal of the revenue held that the Compensation received for refraining from carrying on competitive business was a capital receipt is not taxable during...
![Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Compensation-competitive-business-capital-receipt-Madras-HC-Taxscan.jpg "Compensation received for refraining from carrying on Competitive Business was Capital Receipt, not Taxable: Madras High Court [Read Judgment]")