No Interest u/s 234B can be levied on the assessee-payee on the ground of non-payment of Advance Tax: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no interest under section 234B can be levied on the assessee-payee on the ground of...
![Explanation to Indirect Share Transfer provisions inserted by Finance Act, 2015 applicable retrospectively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Indirect-Share-Transfer-Finance-Act-ITAT-Taxscan.jpg "Explanation to Indirect Share Transfer provisions inserted by Finance Act, 2015 applicable retrospectively: ITAT [Read Order]")
![Rejection of Application of Declaration under the SVLDR Scheme communicated via email not justified: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/SVLDR-Scheme-Bombay-High-Court-Taxscan.jpeg "Rejection of Application of Declaration under the SVLDR Scheme communicated via email not justified: Bombay High Court [Read Order]")
![GST: CBIC notifies 10 Nov 2020 as a date on which amendment in Section 39 of the CGST Act, 2017 will be applicable [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/GST-CBIC-amendment-CGST-Act-Taxscan.jpg "GST: CBIC notifies 10 Nov 2020 as a date on which amendment in Section 39 of the CGST Act, 2017 will be applicable [Read Notification]")
![Recovery can’t be selectively initiated against one of the Directors only: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Recovery-Directors-Sanjiv-Kumar-Mittal-Delhi-High-Court-Taxscan.jpg "Recovery can’t be selectively initiated against one of the Directors only: Delhi High Court [Read Judgment]")
Interglobe Aviation entitled to exemption from payment of Integrated Tax on re-import of repaired parts or Aircraft into India: CESTAT [Read Order]
The Customs, Excises, and Service Tax Appellate Tribunal (CESTAT) while granting relief to Interglobe Aviation held that the appellant is entitled to exemption from payment of integrated tax under...
![Interglobe Aviation entitled to exemption from payment of Integrated Tax on re-import of repaired parts or Aircraft into India: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Interglobe-Aviation-exemption-payment-integrated-tax-repaired-parts-aircrafts-CESTAT-Taxscan.jpeg "Interglobe Aviation entitled to exemption from payment of Integrated Tax on re-import of repaired parts or Aircraft into India: CESTAT [Read Order]")
No requirement of Scrip Wise Reporting for day Trading and Short-Term Sale or Purchase of Listed Shares: CBDT
The cap( CBDT ) has clarified that, No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares. There was a report in a certain section of media that...
![1% TDS applicable on Payments made to E-Commerce Participants from October 1, 2020 [Read Act]](https://www.taxscan.in/wp-content/uploads/2020/09/Finance-Act-TDS-Payments-E-commerce-taxscan.jpg "1% TDS applicable on Payments made to E-Commerce Participants from October 1, 2020 [Read Act]")
![Govt. to Levy 5% TCS on Foreign Remittances from October 1 [Read Act]](https://www.taxscan.in/wp-content/uploads/2020/09/TCS-foreign-remittances-taxscan.jpeg "Govt. to Levy 5% TCS on Foreign Remittances from October 1 [Read Act]")
Service Tax Amnesty Scheme: Gauhati HC allows Taxpayer to submit application for correcting information provided in the Form SVLDRS-1 [Read Order]
The Gauhati High Court directed the petitioner to submit an application before the authorities for correcting information provided in the Form SVLDRS-1 as regards the disclosure of the dues from...
![Service Tax Amnesty Scheme: Gauhati HC allows Taxpayer to submit application for correcting information provided in the Form SVLDRS-1 [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Form-SVLDRS-1-correcting-information-Taxscan-4.jpeg "Service Tax Amnesty Scheme: Gauhati HC allows Taxpayer to submit application for correcting information provided in the Form SVLDRS-1 [Read Order]")
Madras HC reaffirms Amendment relaxing the Disallowance under section 40(a)(ia) is Retrospective & Curative in nature
In the light of the Supreme Court’s decision, the Madras High Court reaffirmed that amendment relaxing the disallowance under Section 40(a)(ia) of the Income Tax Act is retrospective and curative in...
Amendment in processing of Statement of TDS under Section 200A can’t be applied retrospectively to previous TDS instances: ITAT
The Income Tax Appellate Tribunal (ITAT) held that the Amendment dated June 01, 2015, in the processing of statement of tax deducted at source under Section 200 A of the Income Tax Act, 1961 is...
