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Section 271(1)(c) penalty not leviable if Penalty Notice is defective

July 26, 2022 1008 Views 0 comment Print

It is held that the Penalty Notice is defective, therefore, the penalty levied under section 271(1)(c) of the Act, is not maintainable.

No penalty for Delay in Tax Audit report filing due to delay in Audit by Dept. of Co-op Audit

July 26, 2022 5967 Views 0 comment Print

T P D 101 Uthangarai Milk- Producers Co-operative Society Ltd. Vs ITO (ITAT Chennai) The assessee supposed to have been filed audit report as required u/s.44AB of the Act, on or before 31.10.2015. However, such audit report has been filed on 05.03.2016, which is before the date of completion of assessment proceedings u/s.143(3) of the […]

Copy of Resolution Plan must be provided to Suspended Management of Corporate Debtor

July 26, 2022 2673 Views 0 comment Print

NCLT held that suspended management must be provided with copy of resolution plan. However, resolution professional can take an undertaking from members of erstwhile Board of Directors to maintain confidentiality.

If the last date to file a reply is a holiday, the date extends to the next working day

July 26, 2022 5748 Views 0 comment Print

R N Fashion Vs Union of India And Ors (Calcutta High Court) In this case reply was uploaded online by the assessee on 21st March, 2022 and the time limit for filing the reply in terms of notice expired on 18th March, 2022 which was a public holiday and the following two days namely, 19th […]

Transfer & posting order for Commissioners of Central Excise & CGST

July 26, 2022 12816 Views 0 comment Print

Office Order No. 85/2022 Following transfer and posting in the grade of Principal Commissioner/ Commissioner of Customs and Indirect Taxes, is hereby ordered

Board approved Loan Policy – Management of Advances – UCBs

July 26, 2022 459 Views 0 comment Print

It has been observed in several UCBs that these policies not only lack comprehensive coverage, but also do not require a periodic review.

Income Tax Department conducts searches in Mumbai

July 26, 2022 579 Views 0 comment Print

Income Tax Department carried out a search and seizure operation on 05.07.2022 on a group engaged in agro and textile business, and another group of entry operators. A total of 27 premises were covered during the search action in Mumbai and Delhi NCR. During the course of the search operation, a large number of incriminating evidences […]

Place of supply in case of unregistered passenger for supply by OLA – HC set aside erroneous order

July 26, 2022 1167 Views 0 comment Print

Telangana HC remands the case to decide on IGST applicability in Ola’s passenger transportation services, challenging an order for CGST and SGST payment.

SEBI cautions Intending Buyers Against Dealing with Properties of PACL

July 26, 2022 3414 Views 0 comment Print

The properties of PACL Ltd. seized by CBI and made available to the Committee are listed on the Committee’s websites namely, sebipaclauctionl.com and www.sebipaclproperties.com.

SC directs GSTN to open portal for filing of TRAN-1 and TRAN-2 (Read Judgment)

July 25, 2022 16476 Views 0 comment Print

Goods and Service Tax Network (GSTN) is directed to open common portal for filing concerned forms for availing Transitional Credit through TRAN-1 and TRAN-2 for two months i.e. w.e.f. 01.09.2022 to 31.10.2022.

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