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2021-TIOL-NEWS-202 Part 2 | August 26, 2021
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INCOME TAX

2021-TIOL-1394-ITAT-ALL

Krishna Shiksha Sewa Sansthan Vs CIT

Whether opportunity should be given to assessee to complete confirmation of donations as desired by Commissioner (E) and also produce documentary evidence in support of medical services provided - YES : ITAT

- Matter remanded: ALLAHABAD ITAT

2021-TIOL-1393-ITAT-BANG

Karnataka Industrial Areas Development Board Vs DDIT

Whether if assessee is consistently declaring the lease rentals/deposits as income on proportionate basis in accordance with lease period, Revenue is not justified in disturbing same - YES : ITAT

- Assessee's appeal allowed: BANGALORE ITAT

 

 

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NEWS FLASH

Ban on Boeing 737 MAX lifted

10 die of spurious liquor in Agra; 9 cops suspended

Auto sector seeks GST rate reduction

 
GUEST COLUMN

By Lakshmi Ratna

Crowdfunding and GST implications

IN the recent past, crowdfunding has gained momentum and pace given the COVID-19 pandemic. Various individuals, groups/organizations have operated campaigns through online platforms to receive funding/donations.

An endeavor has been made to dwell on what is crowdfunding in India and the possible implications under the GST Law ...

 
TOP NEWS

Govt notifies liberalised Drone Rules, 2021

NITI Aayog, Cisco India partner to foster women entrepreneurship

Common Eligibility Test made mandatory for civil servants

 
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