7.12 Cr E-Way Bills in March-2021; Highest in a month during last three years
E-Way Bill System under GST regime has achieved a new milestone of generation of 7.12 Crores E-way Bills in the month of March 2021. This is the...
![Deduction u/s 80HHC Income Tax Act to be Computed after Reducing Deduction u/s 80IA from Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Deduction-Income-Tax-Act-Deduction-Profit-ITAT-Taxscan.jpeg "Deduction u/s 80HHC Income Tax Act to be Computed after Reducing Deduction u/s 80IA from Profit: ITAT [Read Order]")
MCA defers mandating Companies to use Software with Audit Trail of each Transaction [Read Notification]
The Ministry of Corporate Affairs ( MCA ) has deferred mandating Companies to use Software with an Audit Trail of each Transaction. The MCA had notified that every company which uses accounting...
![MCA defers mandating Companies to use Software with Audit Trail of each Transaction [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/MCA-Companies-Software-with-Audit-Trail-Transaction-Taxscan.jpg "MCA defers mandating Companies to use Software with Audit Trail of each Transaction [Read Notification]")
![Income Tax Return: CBDT notifies new ITR Forms for AY 2021-22 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/Income-Tax-Return-CBDT-ITR-Forms-ITR-2021-Taxscan.jpg "Income Tax Return: CBDT notifies new ITR Forms for AY 2021-22 [Read Notification]")
CESTAT quashes Service Tax demand against MTNL on Compensation amount received towards Development Rights and denial of CENVAT Credit
The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Delhi Bench quashed the demand of service tax on compensation amount received towards development rights and denial of CENVAT credit. ...
Reopening not valid when Time Limit for Scrutiny pending from Revised Return filed under Section 139(5): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench ruled that Reopening not valid when Time Limit for Scrutiny pending from Revised Return filed under Section 139(5). The assessee, Momentum...
![Reopening not valid when Time Limit for Scrutiny pending from Revised Return filed under Section 139(5): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Reopening-Time-Limit-Scrutiny-Revised-Return-Section-1395-ITAT-taxscan.jpeg "Reopening not valid when Time Limit for Scrutiny pending from Revised Return filed under Section 139(5): ITAT [Read Order]")
GST: Bombay High Court quashes Provisional Attachment order of attaching Bank Account [Read Judgment]
The Bombay High Court quashed the provisional attachment order of attaching the bank account under the GST Act. The petitioner, Praful Nanji Satra has rented out commercial premises on a leave and...
![GST: Bombay High Court quashes Provisional Attachment order of attaching Bank Account [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Bombay-HC-provisional-attachment-order-bank-account-Taxscan.jpg "GST: Bombay High Court quashes Provisional Attachment order of attaching Bank Account [Read Judgment]")
![Penalty shall not be levied merely on Technical Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-Technical-Reasons-ITAT-Taxscan.jpg "Penalty shall not be levied merely on Technical Reasons: ITAT [Read Order]")
CBDT notifies Headquarters for Income Tax Authorities of Regional Faceless Assessment Centres [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the headquarters for Income Tax Authorities of Regional Faceless Assessment Centres (ReFAC). The Board notified 34 Income Tax Authorities as the...
![CBDT notifies Headquarters for Income Tax Authorities of Regional Faceless Assessment Centres [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/CBDT-Income-Tax-Authorities-of-ReFAC-Taxscan-1.jpg "CBDT notifies Headquarters for Income Tax Authorities of Regional Faceless Assessment Centres [Read Notification]")