![Levy of Interest u/s 234E has no Retrospective Effect: ITAT deletes Proceedings[Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Levy-of-Interest-Retrospective-Effect-ITAT-deletes-Proceedings-Taxscan.jpg "Levy of Interest u/s 234E has no Retrospective Effect: ITAT deletes Proceedings[Read Order]")
Levy of Interest u/s 234E has no Retrospective Effect: ITAT deletes Proceedings[Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the levy of interest under section 234-E of the Income Tax Act was illegal for...
![CBDT notifies Bennett University under the category of ‘University, College or other institution’ for various Researches to allow Deductions [Read Notifications]](https://www.taxscan.in/wp-content/uploads/2021/03/CBDT-Bennett-University-University-College-or-other-institution-Researches-deductions-Taxscan.jpeg "CBDT notifies Bennett University under the category of ‘University, College or other institution’ for various Researches to allow Deductions [Read Notifications]")
![CBDT issues Instructions regarding Selection of Cases for issue of Notice u/s 148 of the Income Tax Act, 1961 [Read Instruction]](https://www.taxscan.in/wp-content/uploads/2021/03/CBDT-issues-Instructions-selection-of-cases-issue-of-notice-Income-tax-Act-Taxscan.jpg "CBDT issues Instructions regarding Selection of Cases for issue of Notice u/s 148 of the Income Tax Act, 1961 [Read Instruction]")
![CBDT issues Instructions regarding handling of Income-tax cases and Black Money cases [Read Instructions]](https://www.taxscan.in/wp-content/uploads/2021/03/CBDT-Instructions-regarding-Income-tax-cases-Black-Money-cases-taxscan.jpg "CBDT issues Instructions regarding handling of Income-tax cases and Black Money cases [Read Instructions]")
![Divorce proceeding by daughter-in-law sufficient reason to condone delay: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Divorce-proceeding-daughter-in-law-sufficient-reason-condone-delay-ITAT-Taxscan.jpg "Divorce proceeding by daughter-in-law sufficient reason to condone delay: ITAT [Read Order]")
Lower Remuneration paid to Fund Manager for FY 2020-Â21 requires no approval but will require approval in FY 2021-22: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT) announced that the lower remuneration paid to fund managers for Financial Year 2020-Â21 requires no approval but it will require approval in Financial Year...
![Lower Remuneration paid to Fund Manager for FY 2020-Â21 requires no approval but will require approval in FY 2021-22: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/01/Fund-Managers.jpg "Lower Remuneration paid to Fund Manager for FY 2020-Â21 requires no approval but will require approval in FY 2021-22: CBDT [Read Circular]")
Issuance of notice u/s 131 (1A) of the Income Tax Act’1961 after conclusion of Income Tax Search and Seizure u/s 132 of the Income Tax Act’1961 – Legal Paradox
Introduction: Ever since the enactment of the original Income-tax statute of 1922, the Income-tax authorities have been vested with certain powers that are coterminous with the powers of a Court...
Central Govt. specifies the MIC Redwood 1 RSC Limited as Sovereign Wealth Fund for Abu Dhabi [Read Notification]
The Central Board of Direct Taxes (CBDT) specified the MIC Redwood 1 RSC Limited as sovereign wealth fund for Abu Dhabi, United Arab Emirates. The decision of the central government to grant 100%...
![Central Govt. specifies the MIC Redwood 1 RSC Limited as Sovereign Wealth Fund for Abu Dhabi [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/Central-Government-MIC-Redwood-RSC-Limited-sovereign-wealth-fund-Abu-Dhabi-taxscan.jpeg "Central Govt. specifies the MIC Redwood 1 RSC Limited as Sovereign Wealth Fund for Abu Dhabi [Read Notification]")