Taxscan Academy

Royalty & Sponsorship Receipts of ₹4.73 Cr Not Classified as Business Income: ITAT Upholds Exemption to Wrestling Federation of India [Read Order]

https://www.taxscan.in/top-stories/royalty-sponsorship-receipts-of-473-cr-not-classified-as-business-income-itat-upholds-exemption-to-wrestling-federation-of-india-1445118

Royalty & Sponsorship Receipts of ₹4.73 Cr Not Classified as Business Income: ITAT Upholds Exemption to Wrestling Federation of India ITAT grants exemption to Wrestling Federation of India despite ₹4.73 crore royalty and sponsorship receipts being treated as non-business income

CBDT Notification Fixes 76 Mistakes in Newly Notified Income Tax Rules 2026 [Read Notification]

https://www.taxscan.in/top-stories/cbdt-notification-fixes-76-mistakes-in-newly-notified-income-tax-rules-2026-1445117

CBDT Notification Fixes 76 Mistakes in Newly Notified Income Tax Rules 2026 The corrections are expected to facilitate smoother compliance and interpretation for taxpayers, accountants, and regulatory authorities alike.

🚨 COURSE START TOMORROW 7:00 PM !!

🟩 Master New Labour Codes & Compliances

India’s labour laws are rapidly evolving with the Draft Central Rules under the 4 Labour Codes—stay updated to ensure compliance and avoid risks.

🎯 Why This Course is a Must-Attend?
- Understand Draft Central Rules 2025 in a simplified manner
- Learn practical compliance strategies for organizations
- Decode impact on salary, PF, gratuity & working hours
- Stay prepared before final implementation

*📚 What You'll Learn :*
* Labour Code 2019
* Course Highlights
* History
* Need for Labour Code
* Rationalization of Labour Laws
* Four Labour Codes...

🎯 Benefits:
🎥 Access to session recordings
📑 Course materials provided
📞 Dedicated customer support

*To know more visit our Website*

📍 Platform: *Zoom ( link will be shared into Your Registered mail id)*

📈 Register Now to Secure Your Spot!

*🚨 COURSE START TOMORROW 7:00 PM !!*

*🟩 Master New Labour Codes & Compliances*

India’s labour laws are rapidly evolving with the Draft Central Rules under the 4 Labour Codes—stay updated to ensure compliance and avoid risks.

*Register Now:* https://academy.taxscan.in/course/labour-codes-draft-central-rules/?utm_source=facebooksm&utm_medium=aca&utm_campaign=10am

*🎯 Why This Course is a Must-Attend?*
- Understand Draft Central Rules 2025 in a simplified manner
- Learn practical compliance strategies for organizations
- Decode impact on salary, PF, gratuity & working hours
- Stay prepared before final implementation

*📚 What You'll Learn :*
* Labour Code 2019
* Course Highlights
* History
* Need for Labour Code
* Rationalization of Labour Laws
* Four Labour Codes...

*🎯 Benefits:*
🎥 Access to session recordings
📑 Course materials provided
📞 Dedicated customer support

*To know more visit our Website*

📍 Platform: *Zoom ( link will be shared into Your Registered mail id)*

📈 Register Now to Secure Your Spot!

S.80P Deduction Claim by Co-operative Society Cannot be Disallowed Solely for Lack of Supporting Details: ITAT Remands for Fresh Verification [Read Order]

https://www.taxscan.in/top-stories/s80p-deduction-claim-by-co-operative-society-cannot-be-disallowed-solely-for-lack-of-supporting-details-itat-remands-for-fresh-verification-read-order-1445116

S.80P Deduction Claim by Co-operative Society Cannot be Disallowed Solely for Lack of Supporting Details: ITAT Remands for Fresh Verification The ITAT Chennai remanded a Section 80P deduction claim after finding that it had been disallowed solely for want of supporting details. It directed fresh verification after giving the assessee an...

Service Tax Demand of ₹26.26 Lakh Quashed: CESTAT Confirms Exemption for Own-Truck Operations [Read Order]

https://www.taxscan.in/top-stories/service-tax-demand-of-2626-lakh-quashed-cestat-confirms-exemption-for-own-truck-operations-1445115

Service Tax Demand of ₹26.26 Lakh Quashed: CESTAT Confirms Exemption for Own-Truck Operations The tribunal found the department’s claim time-barred and unsupported, as tax liability in other cases lay with consignors or consignees under the Reverse Charge Mechanism.

🚨 CLASS START TODAY 6 PM

✨DTAA - How to deal with FOREIGN TAX CREDIT?

🔗 Register Now: https://academy.taxscan.in/course/dtaa-international-taxation-course-overview-live-online-course/?utm_source=facebooksm&utm_medium=aca&utm_campaign=5pm

📚 What You’ll Learn:
Overview & Articles 1 to 4
* Articles 5 & 6
* Articles 7 to 10
* Articles 11 to 13
* Articles 15 to 18
* Articles 19 to 21
* Articles 22, 23 & Treaty Procedure

🎯 Course Benefits:
🎥 Recordings
📘 Course Materials for Easy Reference
🗣️ Live Q&A for Doubt Clearing

To know more visit our Website

📍 Platform: Zoom ( link will be shared into Your Registered mail id)

📈 Register Now to Secure Your Spot!

📞 Call: 7560 932 109 ✉ Email: [email protected]

Taxability of "Interconnect service charges": Supreme Court Rejects Income Tax Dept's SLP against Belgacom Over Gross Delay in Filing [Read Judgment]

https://www.taxscan.in/top-stories/taxability-of-interconnect-service-charges-supreme-court-rejects-income-tax-depts-slp-against-belgacom-over-gross-delay-in-filing-read-judgment-1445109

Taxability of "Interconnect service charges": Supreme Court Rejects Income Tax Dept's SLP against Belgacom Over Gross Delay in Filing The court found that the explanation for the 390-day delay was unsatisfactory.

Unsatisfactory Reporting Procedure and Unclear Permission for importing wool, etc: CESTAT remands customs duty matter [Read Order]

https://www.taxscan.in/top-stories/unsatisfactory-reporting-procedure-and-unclear-permission-for-importing-wool-etc-cestat-remands-customs-duty-matter-read-order-1445107

Unsatisfactory Reporting Procedure and Unclear Permission for importing wool, etc: CESTAT remands customs duty matter The counsel for the respondent submitted that even though the Department was in possession of the test report, it is clear that the department was doubting the said test report.

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Master internal audit, internal control & risk assurance with our 3-day live online training at just ₹999 ₹5,999💡

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🔗 Enroll Here: https://academy.taxscan.in/course/internal-audit-internal-control-risk-assurance/?utm_source=facebooksm&utm_medium=aca&utm_campaign=internal2pm

✅ What you’ll get:

In-depth modules on RBIA, COSO, ICFR, SOX 404, business process controls & more

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Supreme Court Directs Payment of ₹115 Crore Decades-Old Dues to Workers, Raps GDCL for Illegal Asset Sales [Read Order]

https://www.taxscan.in/top-stories/supreme-court-directs-payment-of-115-crore-decades-old-dues-to-workers-raps-gdcl-for-illegal-asset-sales-1445080

Supreme Court Directs Payment of ₹115 Crore Decades-Old Dues to Workers, Raps GDCL for Illegal Asset Sales The Court also set aside the sale of scrap machinery, directing GDCL to refund the proceeds with interest, but did not interfere with prior asset sales like the Kanpur Jute Mill.

CESTAT Cancels Confiscation and Penalties on Imported Computer Cabinet Cases: Customs Duty Restricted to 111 Surplus Units [Read Order]

https://www.taxscan.in/top-stories/cestat-cancels-confiscation-and-penalties-on-imported-computer-cabinet-cases-customs-duty-restricted-to-111-surplus-units-1445072

CESTAT Cancels Confiscation and Penalties on Imported Computer Cabinet Cases: Customs Duty Restricted to 111 Surplus Units Finding no basis for confiscation or penalty, the Tribunal allowed the appeal and directed that only the applicable duty be charged on the extra pieces.