![CSR Expenses cannot be Claimed as ITC: Important GST Amendment in Budget 2023 [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/CSR-Expenses-CSR-Claim-ITC-GST-Amendment-GST-Budget-2023-budget-2023-budget-2023-live-union-budget-2023-nirmala-sitharaman-budget-nirmala-sitharaman-union-budget-taxscan.jpg "CSR Expenses cannot be Claimed as ITC: Important GST Amendment in Budget 2023 [Read Finance Bill]")
CSR Expenses cannot be Claimed as ITC: Important GST Amendment in Budget 2023 [Read Finance Bill]
Under the newly proposed Union Budget 2023 the Union Ministry has proposed certain important amendment in GST by which Corporate Social...
![Inability to Generate Income from Software Not a Ground to Deny Depreciation Claim: ITAT rules in favour of Rapipay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Software-Depreciation-Claim-ITAT-Rapipay-TAXSCAN.jpg "Inability to Generate Income from Software Not a Ground to Deny Depreciation Claim: ITAT rules in favour of Rapipay [Read Order]")
![Genuine Claim of Loss of Documents due to Flood: ITAT Allows TDS Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Genuine-Claim-Loss-of-Documents-Flood-ITAT-TDS-Credit-TDS-taxscan-.jpg "Genuine Claim of Loss of Documents due to Flood: ITAT Allows TDS Credit [Read Order]")
![Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film Aarakshan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Nadiadwala-Entertainment-Entertainment-Claim-Loss-Claim-Film-Aarakshan-ITAT-taxscan.jpg "Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film Aarakshan: ITAT [Read Order]")
![Failure to pay within due date under PF Act will be Negating Employers claim for Deduction permanently forever u/s.36(1)(va): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/PF-Act-PF-Employer-claim-Deduction-ITAT-Taxscan.jpg "Failure to pay within due date under PF Act will be Negating Employers claim for Deduction permanently forever u/s.36(1)(va): ITAT [Read Order]")
Limitation Period Extension due to Covid: Bombay HC remands time-barred GST Refund Claim [Read Order]
The Bombay High Court, in a recent ruling has remanded a time-barred Goods and Services Tax (GST) refund claim of the petitioner, owing to the extended limitation period as per various Supreme Court...
![Limitation Period Extension due to Covid: Bombay HC remands time-barred GST Refund Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Covid-Bombay-High-Court-remands-time-GST-Refund-GST-Claim-taxscan.jpg "Limitation Period Extension due to Covid: Bombay HC remands time-barred GST Refund Claim [Read Order]")
Excess Claim of Expenditure not be proved by relevant Bills: ITAT confirms Income Tax Addition. [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), confirmed addition as the excess claim of expenditure not be proved by relevant bills. The AO noticed from perusal of Tax Audit Report...
![Excess Claim of Expenditure not be proved by relevant Bills: ITAT confirms Income Tax Addition. [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Claim-of-Expenditure-Bills-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Excess Claim of Expenditure not be proved by relevant Bills: ITAT confirms Income Tax Addition. [Read Order]")
Claim of Writing Off old dues cannot allow in the Absence of Evidence, old due payable is Taxable: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that claim of writing off old dues cannot allow in the absence of evidence and old due payable are taxable. Shri Nirav...
![Claim of Writing Off old dues cannot allow in the Absence of Evidence, old due payable is Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Claim-writing-off-old-dues-absence-of-evidence-evidence-taxable-ITAT-taxscan.jpg "Claim of Writing Off old dues cannot allow in the Absence of Evidence, old due payable is Taxable: ITAT [Read Order]")
No Bar on Refund of Octroi for Failure to provide Declaration of Duty certified by Octroi Officer: Bombay HC [Read Order]
A division bench of the Bombay High Court has recently set aside the letter informing the Petitioner that its claim for refund of octroi had been rejected and no further correspondence would be...
![No Bar on Refund of Octroi for Failure to provide Declaration of Duty certified by Octroi Officer: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/refund-Declaration-of-Duty-Octroi-Octroi-Officer-Bombay-High-Court-taxscan.jpg "No Bar on Refund of Octroi for Failure to provide Declaration of Duty certified by Octroi Officer: Bombay HC [Read Order]")
‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]
The Delhi Bench of the National Company Law Tribunal (NCLT) while considering a bunch of appeals has held that ‘Operational Creditors’ can claim only the money that is payable as per Section 53 of...
![‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Operational-Creditors-can-claim-only-Money-that-is-payable-IBC-NCLT-TAXSCAN.jpg "‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]")
![No Claim of Expenses when amount represents Net Income of Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-claim-of-expenses-when-amount-represents-net-income-of-firm-ITAT-TAXSCAN.jpg "No Claim of Expenses when amount represents Net Income of Firm: ITAT [Read Order]")
Loss of Investment written off as Bad Debt and Same can't Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Loss of investment written off as bad debt and same can't claim as a business loss and upheld order of CIT(A) against...
![Loss of Investment written off as Bad Debt and Same cant Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Loss-of-Investment-Investment-written-off-Bad-Debt-Bad-Debt-written-off-Claim-Business-Loss-ITAT-CITA-Ceramin-India-Taxscan.jpg "Loss of Investment written off as Bad Debt and Same cant Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]")