11th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
The Ministry of Finance has released the 11th weekly installment of Rs.6,000 crore to the States to meet the GST compensation shortfall. Out of this,...
![Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/notional-interest-income-assessee-loan-ITAT-Taxscan.jpg "Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT [Read Order]")
![Tax Authorities should consider Documentary Evidence before confirming Addition for Cash Credits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Cash-Credits-Taxscan.jpg "Tax Authorities should consider Documentary Evidence before confirming Addition for Cash Credits: ITAT [Read Order]")
![Addition for Unexplained Cash Credit can’t be merely on Suspicion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "Addition for Unexplained Cash Credit can’t be merely on Suspicion: ITAT [Read Order]")
Regulating Un-related Party Transactions under RPT provisions – An Analysis of Report of SEBI’s Working Group
In November 2019, SEBI had constituted a Working Group to review the provisions relating to Related Party Transactions (‘RPTs’). The terms of reference of the Working Group were to make...
Transaction between Family Members for Bonafide Purpose not Loan or Deposit under section 269SS: ITAT [Read Order]
In a recent order of the Income Tax Appellate Tribunal, Cuttack held that the transaction between the relatives of family members for giving support and help does not amount to loan or deposit under...
![Transaction between Family Members for Bonafide Purpose not Loan or Deposit under section 269SS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Transaction between Family Members for Bonafide Purpose not Loan or Deposit under section 269SS: ITAT [Read Order]")
Tax Benefit not claimed in Return can be claimed during Assessment: ITAT directs AO re-consider Claim [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), Mumbai bench has recently directed the Assessing Officer to consider a deduction claim which was not claimed by the assessee while filing...
![Tax Benefit not claimed in Return can be claimed during Assessment: ITAT directs AO re-consider Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/02/Tax-Relief.jpg "Tax Benefit not claimed in Return can be claimed during Assessment: ITAT directs AO re-consider Claim [Read Order]")
Activity of Obtaining Loan from Banks to Advance Self-help Groups and Poor is a Charitable Activity: ITAT [Read Order]
The Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has held that the activity of obtaining loan from banks to advance self-help groups and poor persons can be treated as the charitable...
![Activity of Obtaining Loan from Banks to Advance Self-help Groups and Poor is a Charitable Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Charitable-Activity-Taxscan.jpg "Activity of Obtaining Loan from Banks to Advance Self-help Groups and Poor is a Charitable Activity: ITAT [Read Order]")
Introducing Customers to Financial Institutes amount to Business Auxiliary Service: CESTAT [Read Order]
While upholding a service tax demand, the Custom, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has ruled that the activity of introducing customers to the financial institutions for...
![Interest on Short-term Loan given to Buyers of Material Exempt from GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Cash-Loan-Payments.jpg "Interest on Short-term Loan given to Buyers of Material Exempt from GST: AAR [Read Order]")