![Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Relief-Hero-Motocorp-No-disallowance-invoking-provisions-Rule-8D-ITAT-taxscan.jpg "Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]")
Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), while providing relief to Hero Motocorp ruled that no disallowance under section 14A can be made by...
![ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-AO-capital-loss-capital-gains-Taxscan.jpg "ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]")
![SEBI notifies Amendment in two Circulars on Mutual Funds regarding Uniformity in applicability of NAV and Trade Execution and Allocation [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/01/SEBI-amendment-Circulars-on-Mutual-Funds-NAV-Trade-Execution-Taxscan.jpg "SEBI notifies Amendment in two Circulars on Mutual Funds regarding Uniformity in applicability of NAV and Trade Execution and Allocation [Read Circular]")
COVID-19: SEBI extends Deadline for implementation of Circular on Stewardship Code for All Mutual Funds and All Categories of AIFs
The Securities Exchange Board of India (SEBI) has Extended the deadline for implementation of the circular on Stewardship Code for all Mutual Funds and all categories of AIFs due to the CoVID– 19. ...
Pre-Filled Tax Returns to be made Available to Taxpayers to Improve Accuracy and Reduce Time to File a Tax Return: FM Nirmala Sitharaman
The Finance Minister said that pre-filled tax returns will be made available to taxpayers which will contain details of salary income, capital gains from securities, bank interests, and dividends etc....
Mutual Fund withdrawals invested in Villa and Bank eligible for S. 54F Deduction: ITAT [Read Order]
The Bengaluru bench of ITAT in ACIT v. Sunil Bandacharya Joshi held that the assessee is entitled to get income tax deduction on the mutual fund withdrawals invested in Villas and Bank under section...
![Mutual Fund withdrawals invested in Villa and Bank eligible for S. 54F Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Deduction-Residential-Property.jpg "Mutual Fund withdrawals invested in Villa and Bank eligible for S. 54F Deduction: ITAT [Read Order]")
Trading in Shares/Mutual Funds is not ‘Business’ if Revenue has been treating same as Investment in Past Years: Delhi HC [Read Order]
In Principal CIT v. M.B. Finmart Pvt Ltd, the division bench of the Delhi High Court has held that the income from trading in shares/mutual funds must be treated as ‘Capital Gain’ if the Revenue has...
![Trading in Shares/Mutual Funds is not ‘Business’ if Revenue has been treating same as Investment in Past Years: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Trading in Shares/Mutual Funds is not ‘Business’ if Revenue has been treating same as Investment in Past Years: Delhi HC [Read Order]")