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ITAT directs production of Documentary Evidence in Support of Medical Services provided to Poor and Rural Areas so as to avail exemption
The Income Tax Appellate Tribunal (ITAT), Allahabad bench directed the production of documentary evidence in support of medical services...
![Income from Commercial Properties shall be treated as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-from-Commercial-Properties-House-Property-Income-ITAT-Taxscan.jpg "Income from Commercial Properties shall be treated as House Property Income: ITAT [Read Order]")
![No TDS on License Fee paid to Foreign Entities: ITAT grants relief to Celltick Mobile Media [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/TDS-on-License-Fee-Foreign-Entities-ITAT-Celltick-Mobile-Media-Taxscan.jpg "No TDS on License Fee paid to Foreign Entities: ITAT grants relief to Celltick Mobile Media [Read Order]")
![Relief to NDTV Promoters: Supreme Court stays recovery of Rs 27 cr Penalty imposed by SEBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-NDTV-Promoters-SC-penalty-SEBI-taxscan.jpg "Relief to NDTV Promoters: Supreme Court stays recovery of Rs 27 cr Penalty imposed by SEBI [Read Order]")
Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while deleting the penalty ruled that change in nature of loss from business loss to speculative loss is not enough to impose a penalty. The...
![Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/business-loss-speculative-loss-ITAT-penalty-Taxscan.jpg "Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]")
![Delhi High Court quashes Re-assessment Notice for breach of Principles of Natural Justice [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Delhi-High-Court-re-assessment-notice-principles-of-natural-justice-Taxscan.jpg "Delhi High Court quashes Re-assessment Notice for breach of Principles of Natural Justice [Read Judgment]")
Principal Borrower need not be 'Corporate Person' for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]
The Supreme Court ruled that the Insolvency Process Maintainable Against Corporate Guarantors even if the principal borrower is not a 'Corporate Person'. The respondent bank, Union Bank of India...
![Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Principal-borrower-corporate-person-insolvency-process-Corporate-Guarantor-Supreme-Court-taxscan.jpeg "Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]")
Govt. notifies Extension of Validity of Documents related to Motor Vehicles, considers relaxation in Fees / Taxes
The Government notified the extension of the Validity of documents related to the Motor Vehicles Act, 1988 and Central Motor Vehicle Rules, 1989 and further considered relaxation in Permit...
