![Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/09/Insolvency-Bankruptancy-IBC-suspension-Taxscan.jpg "Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]")
Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]
The government has extended the suspension of insolvency proceedings for any COVID-19 related default by a period of three months, effective from...
![Delhi HC directs Gaurav Sharma Food Industry to deposit principal Profiteered amount but stays Interest and Penalty imposed by NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Gaurav-Sharma-Food-Industry-deposit-principal-profiteered-Taxscan.jpg "Delhi HC directs Gaurav Sharma Food Industry to deposit principal Profiteered amount but stays Interest and Penalty imposed by NAA [Read Order]")
CBDT lays out Guidelines for Compulsory Selection of Returns for Complete Scrutiny under Faceless Assessment for FY 2020-21 [Read Circular]
The Central Board of Direct Taxes (CBDT) on Thursday prescribed broad parameters for compulsory selection of returns for complete scrutiny under faceless assessment for Financial Year 2020-21. The...
![CBDT lays out Guidelines for Compulsory Selection of Returns for Complete Scrutiny under Faceless Assessment for FY 2020-21 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/09/CBDT-compulsory-selection-complete-scrutiny-faceless-assessment-Taxscan.jpg "CBDT lays out Guidelines for Compulsory Selection of Returns for Complete Scrutiny under Faceless Assessment for FY 2020-21 [Read Circular]")
Karnataka HC allows Petitioner to file application seeking Revocation of Cancellation of GST Registration [Read Order]
The Karnataka High Court allowed the petitioner to file the application to revoke the cancellation of Goods and Service Tax (GST) registration before the Assistant Commissioner of Commercial Taxes,...
![Karnataka HC allows Petitioner to file application seeking Revocation of Cancellation of GST Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/GST-registration-petitioner-Taxscan.jpeg "Karnataka HC allows Petitioner to file application seeking Revocation of Cancellation of GST Registration [Read Order]")
Start-up Funding likely to get attractive: Parliamentary panel Suggests Abolishing LTCG Tax on Start-up Investments
The Standing Committee on Finance chaired by BJP leader Jayant Sinha has “strongly recommended” to the Centre to abolish tax on Long Term Capital Gains (LTCG) for all investments in startups. In a...
GST Compensation due to States at Rs 1.51 lakh crore, reasons for revenue shortfall: Centre to Lok Sabha [Read Reply]
The Minister of State for Finance Anurag Singh Thakur said on Monday the GST collection during April-August declined on account of COVID-19 induced lockdown, and the compensation due to states stands...
![GST Compensation due to States at Rs 1.51 lakh crore, reasons for revenue shortfall: Centre to Lok Sabha [Read Reply]](https://www.taxscan.in/wp-content/uploads/2020/09/GST-Compensation-Taxscan.jpg "GST Compensation due to States at Rs 1.51 lakh crore, reasons for revenue shortfall: Centre to Lok Sabha [Read Reply]")
Madras HC directs E-Ship Global Logistics to release/handover the Bill of Lading to the petitioner [Read Order]
The Madras High Court directed E-Ship Global Logistics to release/handover the Bill of Lading to the petitioner, M/s. Vanathi Exports Private Ltd. The petitioner, M/s.Vanathi Exports Private Ltd....
![Madras HC directs E-Ship Global Logistics to release/handover the Bill of Lading to the petitioner [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/E-Ship-Global-Logistics-Taxscan.jpg "Madras HC directs E-Ship Global Logistics to release/handover the Bill of Lading to the petitioner [Read Order]")
RBI releases Expert Committee Report on Resolution Framework for COVID-19 related stress [Read Report]
The Reserve Bank of India (RBI) has released the expert committee report on Resolution Framework for COVID-19 relates stress. The Reserve Bank had, on August 7, 2020, announced the constitution of...
![RBI releases Expert Committee Report on Resolution Framework for COVID-19 related stress [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/09/COVID-19-RBI-Resolution-Framework-expert-committee-report-Taxscan.jpg "RBI releases Expert Committee Report on Resolution Framework for COVID-19 related stress [Read Report]")