Sponsored
    Follow Us:

Penalty for Non-Appointment to CS reduced to Rs. 5 Lakh from 15 Lakh

August 1, 2023 354 Views 0 comment Print

Read the detailed analysis of an appeal under Companies Act, 2013, against a penalty levied on Toyotsu Bharat Integrated Services Private Limited. Learn about the case and the final verdict

Service tax cannot be levied if demand raised under a wrong Head

August 1, 2023 939 Views 0 comment Print

In the case of Raj Inter Decor Pvt. Ltd. vs. Commissioner of Central Excise, CESTAT Chandigarh ruled that service tax cannot be levied for a composite contract under the wrong head.

Section 54 Exemption cannot be denied Without Hearing on Property Purchases in Son’s Name

August 1, 2023 663 Views 0 comment Print

Delhi High Court rules in favour of a woman denied Section 54 tax exemption without hearing. Court mandates fairness and compliance with law.

Notional interest income cannot be estimated for disallowing interest expenditure 

August 1, 2023 1002 Views 0 comment Print

Reviewing Panchiram Nahata Vs ITO case, where ITAT ruled that notional interest income could not be estimated for making disallowances out of interest expenditure

ITAT Abolishes Section 271AAB Penalty for Lack of Deliberate Defiance of Law

August 1, 2023 870 Views 0 comment Print

Analysis of the recent ITAT ruling on Pawan Satyanarain Jalan Vs Assessing Officer Central where the penalty under Section 271AAB of the Income Tax Act was deleted.

Section 10(46) – IT Act 1961 – Joint Electricity Regulatory Commission (Goa & UTs)

August 1, 2023 618 Views 0 comment Print

Check out notification (No. 55/2023) under Section 10(46) of Income Tax Act 1961 by Ministry of Finance, impacting Joint Electricity Regulatory Commission (Goa and UTs).

Income Tax Amendment 2023: New Rules for Preliminary Expenses

August 1, 2023 15024 Views 0 comment Print

Find out the latest Income Tax amendment in 2023, introducing new rules for preliminary expenses under section 35D. The Ministry of Finance has issued the Income Tax (Fourteenth Amendment) Rules, 2023, affecting businesses and individuals. Learn more about the changes and how they impact your tax filings.

NFRA Penalizes Burnpur Cement’s Auditor for Audit Misconduct

August 1, 2023 1155 Views 0 comment Print

Detailed report on NFRA’s penalty against CA Shekhar Sharad for professional misconduct during the audit of Burnpur Cement Limited in FY 2017-18.

Delhi HC set aside Assessment Order Due to notice on wrong Email Address

August 1, 2023 1992 Views 0 comment Print

Delhi High Court sets aside an assessment order as Income Tax Authorities sent a show-cause notice to an incorrect email. Read the full story.

Excess Freight Charges collected from customers Not Subject to Excise Duty: CESTAT

August 1, 2023 495 Views 0 comment Print

An in-depth analysis of the CESTAT Ahmedabad ruling on whether excess freight charges should be included in transaction value for calculating excise duty.

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031