![CESTAT directs Adjudicating Authority to grant 12% interest on delayed refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/CESTAT-Adjudicating-Authority-delayed-refund-Taxscan.jpeg "CESTAT directs Adjudicating Authority to grant 12% interest on delayed refund [Read Order]")
CESTAT directs Adjudicating Authority to grant 12% interest on delayed refund [Read Order]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), New Delhi Bench directed the Adjudicating Authority to grant 12% interest on...
![Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Amount-invested-purchase-of-house-daughters-name-eligible-exemption-section-54F-ITAT-Taxscan.jpeg "Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]")
![No Service Tax applicable on Secondment of Employees by group companies as employer-employee relationship exists: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Service-Tax-Secondment-of-Employees-employer-employee-relationship-CESTAT-Taxscan.jpg "No Service Tax applicable on Secondment of Employees by group companies as employer-employee relationship exists: CESTAT [Read Order]")
![DGFT notifies Procedure, Criteria for Submission and Approval of applications for Export of Diagnostic Kits, their Laboratory reagents [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/DGFT-export-of-Diagnostic-Kits-laboratory-reagents-Taxscan.jpg "DGFT notifies Procedure, Criteria for Submission and Approval of applications for Export of Diagnostic Kits, their Laboratory reagents [Read Circular]")
![Setback for Toyota; ITAT dismisses allowability of Warranty Provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Toyota-ITAT-Warranty-Provisions-Taxscan.jpg "Setback for Toyota; ITAT dismisses allowability of Warranty Provisions [Read Order]")
Moratorium order under Section 14 IBC bars parallel proceedings against Corporate Debtor: SC [Read Judgment]
The Supreme Court ruled that the Moratorium order under Section 14 IBC bars parallel proceedings against Corporate Debtors under Section 138 of Negotiable Instruments Act. The National Company Law...
Relief to Prestige Group: TDS not applicable on refundable Security Deposits made with Landowners, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the TDS is not applicable on refundable security deposits made with landowners. The assessee, M/s.Prestige Estates Projects...
![Relief to Prestige Group: TDS not applicable on refundable Security Deposits made with Landowners, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-to-Prestige-Group-TDS-refundable-security-deposits-landowners-ITAT-Taxscan.jpg "Relief to Prestige Group: TDS not applicable on refundable Security Deposits made with Landowners, rules ITAT [Read Order]")
Sale proceeds deducted by the Monitory Committee from E-Auction Sale of Mineral Stock allowable as Deduction u/s 37(1): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore, has ruled that amount of sale proceeds deducted by the Monitory committee from e-auction sale of mineral stock belonging to the assessee and which...
![Sale proceeds deducted by the Monitory Committee from E-Auction Sale of Mineral Stock allowable as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Monetary-committee-e-auction-sale-of-mineral-stock-Taxscan.jpg "Sale proceeds deducted by the Monitory Committee from E-Auction Sale of Mineral Stock allowable as Deduction u/s 37(1): ITAT [Read Order]")
GST: Petition in Karnataka High Court challenges the Constitutionality of the Composition of AAR and AAAR
The Karnataka High Court issued the notice to Centre in plea challenging the constitutionality of the composition Authority of Advance Ruling (AAR) and Appellate Authority of Advance Ruling (AAAR). ...
Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench has reiterated the precedence that Revenue cannot make addition under section 68 without making a thorough probe if the assessee has given...
![Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Share-application-money-bogus-shareholders-undisclosed-income-individual-assessment-Taxscan.jpg "Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]")
Sec. 50C can't be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a Formality: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore held, Section 50C of the Income Tax Act can't be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a...
![Sec. 50C cant be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a Formality: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Registration-of-Sale-Deed-Actual-Transfer-ITAT-Taxscan.jpg "Sec. 50C cant be applied in the Year of Registration of Sale Deed without Actual Transfer as the same was merely a Formality: ITAT [Read Order]")
No TDS applicable on Indian Companies for amount Paid to Use Foreign Software: Supreme Court [Read Judgment]
The Supreme Court has ruled that no TDS is applicable on Indian Companies for amount Paid to Use Foreign Software. The appeals of the Engineering Analysis Centre of Excellence may be grouped into...
![No TDS applicable on Indian Companies for amount Paid to Use Foreign Software: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Supreme-Court-TDS-Foreign-Software-Supreme-Court-Engineering-Analysis-Centre-Taxscan.jpeg "No TDS applicable on Indian Companies for amount Paid to Use Foreign Software: Supreme Court [Read Judgment]")