![No Relief for Taxpayers and Professionals: Gujarat High Court rejects petition seeking extension of Due date for Tax Audit Reports & Income Tax Returns [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Relief-for-Taxpayers-Gujarat-High-Court-Due-date-for-Tax-Audit-Reports-Income-Tax-Returns-Taxscan.jpeg "No Relief for Taxpayers and Professionals: Gujarat High Court rejects petition seeking extension of Due date for Tax Audit Reports & Income Tax Returns [Read Judgment]")
No Relief for Taxpayers and Professionals: Gujarat High Court rejects petition seeking extension of Due date for Tax Audit Reports & Income Tax Returns [Read Judgment]
Denying the relief to Taxpayers and Professionals, the Gujarat High Court has rejected the petition seeking an extension of Due date for Tax Audit...
![CBDT notifies directions for giving effect to Faceless Penalty Scheme 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/CBDT-Faceless-Penalty-Scheme-Taxscan.jpg "CBDT notifies directions for giving effect to Faceless Penalty Scheme 2021 [Read Notification]")
![CBDT notifies Faceless Penalty Scheme, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/CBDT-Faceless-Penalty-Scheme-Taxscan-1.jpg "CBDT notifies Faceless Penalty Scheme, 2021 [Read Notification]")
![[BREAKING] No further Extension for due dates of Tax Audit Reports: CBDT passes detailed order [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Income-Tax-Return-Tax-Audit-Reports-CBDT-Taxscan.jpg "[BREAKING] No further Extension for due dates of Tax Audit Reports: CBDT passes detailed order [Read Order]")
Gujarat High Court directs CBDT to take appropriate decision on extension of Due date for Tax Audit Reports & Income Tax Returns by 12 January [Read Order]
The Gujarat High Court directed the respondent, CBDT to take appropriate decision regarding extension of Due date for Tax Audit Reports (TAR) and Income Tax Returns (ITR) by 12 January, 2021. Mr....
![Gujarat High Court directs CBDT to take appropriate decision on extension of Due date for Tax Audit Reports & Income Tax Returns by 12 January [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Gujarat-High-Court-CBDT-extension-Due-date-TAR-IT-Returns-Taxscan.jpg "Gujarat High Court directs CBDT to take appropriate decision on extension of Due date for Tax Audit Reports & Income Tax Returns by 12 January [Read Order]")
Income Tax Search and Seizure: Seizure of undisclosed jewellery and its assessment thereupon- Legal Treatise
Introduction: The Central Board of Direct Taxes vide Instruction no. 1916 dated 11-05-1994, clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found during...
CBDT designates Court of Chief Judicial Magistrate, West Tripura as the Special Court for the trial of Income Tax Offences [Read Notification]
The Central Board of Indirect Taxes designated the Court of Chief Judicial Magistrate, West Tripura as the Special Court for the trial of Income Tax Offences. “In exercise of the powers conferred...
![CBDT designates Court of Chief Judicial Magistrate, West Tripura as the Special Court for the trial of Income Tax Offences [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/CBDT-Chief-Judicial-Magistrate-West-Tripura-Special-Court-trial-of-Income-Tax-Offences-Taxscan.jpg "CBDT designates Court of Chief Judicial Magistrate, West Tripura as the Special Court for the trial of Income Tax Offences [Read Notification]")
Madras High Court issues notice to Govt on a plea seeking GST Exemption For Incorporated Members' Clubs
The Madras High Court issued the notice to the Central Government and the Central Board of Direct Taxes (CBDT) on plea seeking GST Exemption For Incorporated Members' Clubs. The Petitioner-club,...
Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that losses on account of exchange fluctuation on forward contracts are allowable as a deduction. The assessee, ABB Global Industries...
![Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Losses-account-exchange-fluctuation-forward-contracts-deduction-ITAT-taxscan.jpg "Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]")
