Budget 2022: Income Tax Proceedings shall be valid even after Completion of Business Reorganization Process, Entities shall file Modified Returns
The Finance Bill, 2022 has incorporated some new provisions in order to regulate the assessment proceedings and the procedure of taxation in case of...
![Budget 2022: No Appeal when an Identical Question of Law is Pending before Jurisdictional High Court or Supreme Court [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-Jurisdictional-High-Court-Supreme-Court-Litigation-Management-Identical-Question-of-Law-Taxscan.jpeg "Budget 2022: No Appeal when an Identical Question of Law is Pending before Jurisdictional High Court or Supreme Court [Read Finance Bill]")
![Assessee can’t be held liable for Interest for short-fall of Advance Tax which arises due to Default of Payer in deducting TDS, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/09/Advance-Tax-TDS-Supreme-Court-Taxscan.jpg "Assessee can’t be held liable for Interest for short-fall of Advance Tax which arises due to Default of Payer in deducting TDS, rules Supreme Court [Read Judgment]")
Scrapping of Income Tax Settlement Commission: Central Govt notifies Compensation to Officers for Premature Termination [Read Notification]
The Finance Ministry notified the Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Amendment Rules, 2021 which seeks to...
![Scrapping of Income Tax Settlement Commission: Central Govt notifies Compensation to Officers for Premature Termination [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/Income-Tax-Settlement-Commission-Central-Government-Compensation-to-Officers-Premature-Termination-Taxscan.jpeg "Scrapping of Income Tax Settlement Commission: Central Govt notifies Compensation to Officers for Premature Termination [Read Notification]")
![GST: Form GST DRC 07 to be issued for Recovery of Interest, rules Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/GST-Form-GST-DRC-07-Recovery-of-Interest-rules-Gujarat-High-Court-Taxscan.jpeg "GST: Form GST DRC 07 to be issued for Recovery of Interest, rules Gujarat High Court [Read Order]")
CBIC issues Urgent Measures to sensitise trade in light of proposed changes to Section 46 of the Customs Act, 1962 [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) issued the urgent measures to sensitise trade in light of proposed changes to Section 46 of the Customs Act, 1962. The changes in Section 46...
![CBIC issues Urgent Measures to sensitise trade in light of proposed changes to Section 46 of the Customs Act, 1962 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/CBIC-Urgent-Measures-to-sensitise-trade-Section-46-of-the-Customs-Act-taxscan.jpeg "CBIC issues Urgent Measures to sensitise trade in light of proposed changes to Section 46 of the Customs Act, 1962 [Read Circular]")
![An Insight of Govt’s proposal of 127 Amendments to Finance Bill, 2021 [Read Notice of Amendments]](https://www.taxscan.in/wp-content/uploads/2021/03/Govts-proposal-Amendments-Finance-Bill-2021-Taxscan.jpeg "An Insight of Govt’s proposal of 127 Amendments to Finance Bill, 2021 [Read Notice of Amendments]")
Budget 2021: CBIC exempts Social Welfare Surcharge leviable on Crude or roughly trimmed, Agriculture Infrastructure, Development Cess on Gold and Silver [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) exempted Social Welfare Surcharge leviable on Crude or roughly trimmed or Blocks Marble or travertine. The Board further sought to exempt...
![Budget 2021: CBIC exempts Social Welfare Surcharge leviable on Crude or roughly trimmed, Agriculture Infrastructure, Development Cess on Gold and Silver [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Budget-2021-CBIC-Social-Welfare-Surcharge-Crude-Agriculture-Infrastructure-Development-Cess-Gold-and-Silver-Taxscan.jpg "Budget 2021: CBIC exempts Social Welfare Surcharge leviable on Crude or roughly trimmed, Agriculture Infrastructure, Development Cess on Gold and Silver [Read Notification]")
Vivad se Vishwas: Declarations for Direct Tax dispute resolution made from Gujarat stand at dismal 12%
The Income Tax officials said that Just two weeks before “Vivad se Vishwas” direct tax resolution scheme ends, the declarations for dispute resolution made from Gujarat stand at a dismal 12 per cent....
Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]
The Karnataka High Court held that the transfer of intangible assets for a valuable consideration by way of allotment of shares is entitled for depreciation. The assessee, M/s Padmini Products is...
![Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Transfer-of-intangible-assets-valuable-consideration-allotment-shares-entitled-depreciation-Karnataka-High-court-Taxscan.jpeg "Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]")