The ITAT ruled in favour of Interworld Shipping Agency LLC that no income of the Taxpayer would be taxable in India in light of the India-UAE Treaty, corporate veil can be lifted only if entity was set up with intent to defraud or done in a manner to avoid taxes.
With contract extension, Roth eager to lead University of Charleston on the other side of pandemic By
May 23, 2021 - 12:00 pm
CHARLESTON, W.Va. After what he calls one of the most challenging professional years of his life with the COVID-19 pandemic, Dr. Martin Roth was rewarded for guiding the University of Charleston through it with a contract extension as president.
The University of Charleston Board of Trustees announced this week it extended the contract of its 26th president that will now expire at the end of June 2025. The financial side of Roth’s contract could not be disclosed due to the university being a private institution.
Tribunal quashes tax assessment order of ₹57 43 crore against T T V Dhinakaran thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
By
Mariya Paliwala - On May 17, 2021 2:11 pm
The Madras High Court while remitting the matter to AO for fresh adjudication ruled that Carbon Credit receipts cannot be considered as business income, it is a capital receipt.
The revenue raised the issue that the Appellate Tribunal is correct in holding that sale of Carbon Credits is to be considered as Capital Receipt and not liable for tax under any head of income under the Income Tax Act, 1961.
The revenue relied on the Ambica Cotton Mills Ltd., vs. DCIT wherein it was held that carbon credit receipts cannot be considered as business income and it is a capital receipt. Hence, the assessee’s claim under Section 80IA of the Act is untenable, as deduction under Section 80IA of the Act is allowable only on profits and gains derived by an undertaking.
2. About RACIDA
RACIDA is a regional non-profit organization headquartered in Kenya and with country programs in Ethiopia, Kenya, and Somalia. RACIDA’s goals are to provide humanitarian assistance, build resilience, and promote peace and security.
Since its founding in 2001, RACIDA has worked to build the capacity of (Agro) pastoral communities living in Arid and Semi-Arid lands across the Horn of Africa in preventing and mitigating the impact of hazards of communities at risk. Anchored by a Community Managed Disaster Risk Reduction (CMDRR) approach and guided by our belief that the communities we work with should be at the center of their own development trajectory, we implement practical programmed that enable (Agro) pastoral development, empowerment and wellbeing.