![Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Bombay-HC-SCN-Coporate-Debtors-Assessment-year-Resolution-Plan-IBC-Taxscan.jpg "Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]")
Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]
The Bombay High Court quashed the show cause notice to Corporate Debtor, to submit return for assessment year falling prior to approval of...
![Assessee entitled to Deduction of Employees’ Contribution of PF, ESI as contribution made was prior to due date of Final Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Assessee-Deduction-of-Employees-PF-ESI-Final-Return-ITAT-Taxscan.jpg "Assessee entitled to Deduction of Employees’ Contribution of PF, ESI as contribution made was prior to due date of Final Return: ITAT [Read Order]")
![Payment for Facebook Ads and Other Digital Advertising Companies not subject to TDS as per DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Digital-Marketing-Payment-Facebook-ads-Digital-advertising-Companies-TDS-DTAA-ITAT-Taxscan.jpeg "Payment for Facebook Ads and Other Digital Advertising Companies not subject to TDS as per DTAA: ITAT [Read Order]")
![Supreme Court dismisses plea challenging TDS on Interest payable under an Award of MACT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/SC-plea-challenging-TDS-Interest-Payable-MACT-Taxscan.jpeg "Supreme Court dismisses plea challenging TDS on Interest payable under an Award of MACT [Read Order]")
![Employees’ contribution to PF and ESI made prior to filing of Income Tax Return allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Employee-PF-ESI-Income-Tax-Returns-Deduction-ITAT-Taxscan.jpeg "Employees’ contribution to PF and ESI made prior to filing of Income Tax Return allowable as Deduction: ITAT [Read Order]")
Payments made by Advocate towards International Application for World Intellectual Property and Trade Fair Services are not FTS, No TDS required: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), while allowing the plea of a lawyer, held that the payments made by him towards filing for World Intellectual Property and Trade Fair...
![Payments made by Advocate towards International Application for World Intellectual Property and Trade Fair Services are not FTS, No TDS required: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/ITAT-Delhi-Payments-Advocates-International-Application-World-intellectual-Property-TDS-FTS-Taxscan.jpg "Payments made by Advocate towards International Application for World Intellectual Property and Trade Fair Services are not FTS, No TDS required: ITAT [Read Order]")
![Indian Youth Centre Trust eligible for Income Tax Benefits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/income-tax-benefits.jpg "Indian Youth Centre Trust eligible for Income Tax Benefits: ITAT [Read Order]")
Gauhati HC stays Reassessment Notice for not following New Procedure for Issuance of Notice where Income has escaped Assessment after 31 March 2021 [Read Order]
The Gauhati High Court has stayed the reassessment notice for not following new procedure for issuance of notice where Income has escaped Assessment after 31 March 2021. The petitioner, M/s JSVM...
![Gauhati HC stays Reassessment Notice for not following New Procedure for Issuance of Notice where Income has escaped Assessment after 31 March 2021 [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Gauhati-High-Court.jpeg "Gauhati HC stays Reassessment Notice for not following New Procedure for Issuance of Notice where Income has escaped Assessment after 31 March 2021 [Read Order]")
No Income Tax Evasion done by Assessee as it is for parties to Settle the Sale consideration for Transfer of respective Shares in Property: Delhi HC [Read Judgment]
The Delhi High Court has ruled that no income tax evasion is done by the assessee as it is for parties to settle the sale consideration for transfer of respective shares in the property. The...
![No Income Tax Evasion done by Assessee as it is for parties to Settle the Sale consideration for Transfer of respective Shares in Property: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/11/03675436-3c05-4e8a-9941-9848ba993d87.jpg "No Income Tax Evasion done by Assessee as it is for parties to Settle the Sale consideration for Transfer of respective Shares in Property: Delhi HC [Read Judgment]")
CBDT notifies Haryana State Legal Services Authority eligible for Income Tax Exemption [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the Haryana State Legal Services Authority eligible for Section 10(46) Income Tax Exemption. The Board empowers under clause (46) of section 10 of...
Onus to prove genuineness of Trading of Shares leading to LTCG Gain lies on Assessee: ITAT disallows Income Tax Exemption on bogus LTCG [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while disallowing the Income Tax Exemption on bogus Long Term Capital Gains (LTCG) held that the onus to prove the genuineness of trading of...
![Onus to prove genuineness of Trading of Shares leading to LTCG Gain lies on Assessee: ITAT disallows Income Tax Exemption on bogus LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/1f505b76-e5c6-41e2-9fee-b2d3aea32d58.jpg "Onus to prove genuineness of Trading of Shares leading to LTCG Gain lies on Assessee: ITAT disallows Income Tax Exemption on bogus LTCG [Read Order]")
Supreme Court turns down Govt’s plea to Transfer Cases relating to Income Tax Reassessment Notices Sent from HC to SC [Read Order]
The Supreme Court has turned down the government's plea to transfer cases relating to Income Tax reassessment notices sent from the High Court to the Supreme Court. The three judge bench of Chief...
![Supreme Court turns down Govt’s plea to Transfer Cases relating to Income Tax Reassessment Notices Sent from HC to SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Supreme-Court-GST-royalty-mining-rights-taxscan.jpg "Supreme Court turns down Govt’s plea to Transfer Cases relating to Income Tax Reassessment Notices Sent from HC to SC [Read Order]")