CA Exams July 2021: Supreme Court adjourns hearing till Tomorrow, ICAI issues Note [Read Highlights of ICAI Note]
The Apex Court presiding over the plea regarding the postponement of the upcoming ICAI CA exams 2021 has been adjourned by the Supreme Court till...
![ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-Section-80P-Deduction-Advocates-Mutually-Aided-Co-op-Societies-despite-Loans-Non-Agriculture-Members-Taxscan.jpg "ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]")
Relief to Dreamz Infra India: Karnataka High Court quashes Parallel Proceedings by State Govt. as IBC to override State Act [Read Order]
The Karnataka High Court while quashing the parallel Proceedings by the State Government against Dreamz Infra India ruled that the Insolvency and Bankruptcy Code, (2016 (IBC) will have an overriding...
![Relief to Dreamz Infra India: Karnataka High Court quashes Parallel Proceedings by State Govt. as IBC to override State Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Dreamz-Infra-India-Karnataka-High-Court-State-Govt-IBC-State-Act-Taxscan.jpg "Relief to Dreamz Infra India: Karnataka High Court quashes Parallel Proceedings by State Govt. as IBC to override State Act [Read Order]")
SC stays Delhi HC order declaring IGST Imposition on Oxygen Concentrators Imported by Individuals as Unconstitutional
The Apex Court on Tuesday stayed the Delhi High Court order declaring the imposition of Integrated Goods and Services Tax (IGST) on the import of oxygen concentrators as gifts for personal use to be...
![Supreme Court upholds provisions of IBC on Corporate Debt Recovery from Personal Guarantors [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/05/Supreme-Court-IBC-Corporate-Debt-Recovery-Personal-Guarantors-taxscan.jpg "Supreme Court upholds provisions of IBC on Corporate Debt Recovery from Personal Guarantors [Read Judgment]")
Relief to Reliance: Deductions for Profits and Gains from Industrial Undertakings not to be confined to 'Business Income' Only, rules Supreme Court
The Supreme Court of India has ruled that the Deductions for profits and gains from industrial undertakings under Section 80-IA must not be confined to 'Business Income' only. The Assessing...
High Court not to use Inherent power to undermine statutory dictate under Sections 14 and 17 IBC: Supreme Court [Read Judgment]
The Supreme Court has ruled that the inherent power of the High Court under Section 482 of the Code of Criminal Procedure should not be used to undermine statutory dictate under Sections 14 and 17 of...
![High Court not to use Inherent power to undermine statutory dictate under Sections 14 and 17 IBC: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/High-Court-Inherent-power-statutory-dictate-Sections-14-and-17-IBC-Supreme-Court-Taxscan.jpg "High Court not to use Inherent power to undermine statutory dictate under Sections 14 and 17 IBC: Supreme Court [Read Judgment]")
SCNs be issued by DC or AC of concerned port of Import, pending further clarification: CBIC [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) has written a letter to the Directorate of Revenue Intelligence (DRI) while issuing the advisory in respect of the recent Judgement of the Apex...
![SCNs be issued by DC or AC of concerned port of Import, pending further clarification: CBIC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/04/SCNs-Deputy-Commissioner-Assistant-Commissioner-port-of-Import-CBIC-Taxscan.jpeg "SCNs be issued by DC or AC of concerned port of Import, pending further clarification: CBIC [Read Circular]")
No Income Tax on Interest on Enhanced Compensation from Govt for Compulsory Acquisition of Land: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while allowing an appeal filed by an assessee, an individual, held that no income tax can be levied on the interest received on enhanced...
![No Income Tax on Interest on Enhanced Compensation from Govt for Compulsory Acquisition of Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Income-Tax-on-Interest-Enhanced-Compensation-Compulsory-Acquisition-of-Land-ITAT-Taxscan.jpg "No Income Tax on Interest on Enhanced Compensation from Govt for Compulsory Acquisition of Land: ITAT [Read Order]")