![Assessee fails to Explain Drastic Decrease of Share Rate from Rs.5.6 cr to Rs.15 lakhs: ITAT holds Transaction as Bogus and upholds Disallowance of Short-Term Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Share-rate-ITAT-Transaction-Bogus-uphold-Disallowance-Short-Term-Capital-Loss-taxscan.jpg "Assessee fails to Explain Drastic Decrease of Share Rate from Rs.5.6 cr to Rs.15 lakhs: ITAT holds Transaction as Bogus and upholds Disallowance of Short-Term Capital Loss [Read Order]")
Assessee fails to Explain Drastic Decrease of Share Rate from Rs.5.6 cr to Rs.15 lakhs: ITAT holds Transaction as Bogus and upholds Disallowance of Short-Term Capital Loss [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal presided by Mr. Chandra Poojari, Accountant Member and Mr. George George K, Judicial Member has...
![ITAT deletes Addition on Refund of Advance under Sale Agreement in Installments [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Refund-Sale-Agreement-Installments-Taxscan.jpeg "ITAT deletes Addition on Refund of Advance under Sale Agreement in Installments [Read Order]")
![Income Tax: Currency Derivative can be treated as an Eligible Transaction u/s 43 (5), rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Currency-Derivative-eligible-transaction-ITAT-Taxscan.jpeg "Income Tax: Currency Derivative can be treated as an Eligible Transaction u/s 43 (5), rules ITAT [Read Order]")
![Transaction being Revenue Neutral, does not affect the Interests of Revenue: Delhi HC orders Rs. 349 Cr to Ericsson India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Transaction-Revenue-Neutral-Revenue-Delhi-High-Court-Ericsson-India-Ericsson-Taxscan.jpg "Transaction being Revenue Neutral, does not affect the Interests of Revenue: Delhi HC orders Rs. 349 Cr to Ericsson India [Read Order]")
![GST Applicable to Reimbursement received from Industry Partner against Cost of Medical and Accident Insurance obtained for benefit of Trainees: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/GST-Applicable-GST-Reimbursement-Industry-Partner-Cost-accident-insurance-Medical-Insurance-Trainees-AAR-Taxscan.jpg "GST Applicable to Reimbursement received from Industry Partner against Cost of Medical and Accident Insurance obtained for benefit of Trainees: AAR [Read Order]")
Madras HC quashes Prosecution proceedings against Assessee having two PANs where he didn't use Second PAN for any Transaction [Read Order]
The Madras High Court has quashed the Prosecution proceedings against Assessee having two PANs where he didn't use Second PAN for any Transaction. The Petitioner Sudhir Kumar Hasija has approached...
![Madras HC quashes Prosecution proceedings against Assessee having two PANs where he didnt use Second PAN for any Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Madras-HC-quashes-Prosecution-Assessee-Second-PAN-Transaction-Taxscan.jpg "Madras HC quashes Prosecution proceedings against Assessee having two PANs where he didnt use Second PAN for any Transaction [Read Order]")
Customs Department to go Face-less: CBIC issues Circular on Implementation of Automation [Read Circular]
With an aim to simplify the customs procedures with a focus on automation and making the entire process contact-less, the Central Board of Indirect Taxes and Customs (CBIC) has issued a circular...
![Customs Department to go Face-less: CBIC issues Circular on Implementation of Automation [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/02/Customs-Department-Face-less-CBIC-Circular-Automation-Taxscan.jpg "Customs Department to go Face-less: CBIC issues Circular on Implementation of Automation [Read Circular]")
Assessee’s claims can’t be rejected merely for Non-Acceptance of Genuineness of Transaction on ground of Non-Furnishing of Copy of Stock Register: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that assesse’s claims cannot be rejected merely for Non-acceptance of genuineness of transaction on ground of non-furnishing of...
![Assessee’s claims can’t be rejected merely for Non-Acceptance of Genuineness of Transaction on ground of Non-Furnishing of Copy of Stock Register: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-assessee-genuinity-transactions-Taxscan.jpg "Assessee’s claims can’t be rejected merely for Non-Acceptance of Genuineness of Transaction on ground of Non-Furnishing of Copy of Stock Register: ITAT [Read Order]")
![MCA mandates Companies to use Software with Audit Trail of each Transaction [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/MCA-Companies-Software-with-Audit-Trail-Transaction-Taxscan.jpg "MCA mandates Companies to use Software with Audit Trail of each Transaction [Read Notification]")
Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi Bench “D”, reverses application of Disallowance under Sec.40A(3) of Income Tax Act as the genuineness of the transaction was not doubted by the...
![Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Disallowance-IT-Act-Genuineness-Of-Transaction-ITAT-Taxscan.jpeg "Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]")
Central Govt. notifies Consumer Protection Authority Allocation and Transaction of Business Regulations, 2020 [Read Notification]
The Central Consumer Protection Authority (CCPA) has notified the Consumer Protection Authority (Allocation and Transaction of Business) Regulations, 2020 wherein various provisions related to the...
![Central Govt. notifies Consumer Protection Authority Allocation and Transaction of Business Regulations, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/08/Consumer-Protection-Authority-Taxscan.jpg "Central Govt. notifies Consumer Protection Authority Allocation and Transaction of Business Regulations, 2020 [Read Notification]")
