ICAI finds CA guilty of Misappropriating Funds of company to tune of Rs 7 crores by Forging Documents
The Institute Of Chartered Accountant of India (ICAI) found chartered accountants were guilty of misappropriating funds of the company to the...
![Non-Deposit of Income Tax Refund of Rs. 14.77 Lakhs as per Court Order: Himachal Pradesh HC directs Dept Official to be Present in Court on failure to Deposit within Three Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Refund-Non-Deposit-of-Income-Tax-Refund-Income-Tax-updates-tax-news-Tek-Ram-Himachal-Pradesh-High-Court-taxscan.jpg "Non-Deposit of Income Tax Refund of Rs. 14.77 Lakhs as per Court Order: Himachal Pradesh HC directs Dept Official to be Present in Court on failure to Deposit within Three Weeks [Read Order]")
![Ship Fuel Oil, Foodstuff not considered Inputs Ship Breaking Scrap Manufacture directly or indirectly: Gujarat HC upholds CESTAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/customs-Excise-and-Service-Tax-Appellate-Tribunal-tax-news-taxscan.jpg "Ship Fuel Oil, Foodstuff not considered Inputs Ship Breaking Scrap Manufacture directly or indirectly: Gujarat HC upholds CESTAT Order [Read Order]")
![Contempt Petition: Bombay HC directs to pay Balance Amount of Rs.4,52,600/-compensation to Petitioner within Two Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-High-Court-tax-news-taxscan.jpeg "Contempt Petition: Bombay HC directs to pay Balance Amount of Rs.4,52,600/-compensation to Petitioner within Two Weeks [Read Order]")
![Non Filling of Part-B of E-Way Bill, without any proof of Intention to Evade Tax, would not Lead to Imposition of Penalty: Allahabad HC allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/E-Way-Bill-Evade-Tax-Imposition-of-Penalty-Allahabad-HC-Appeal-taxscan.jpg "Non Filling of Part-B of E-Way Bill, without any proof of Intention to Evade Tax, would not Lead to Imposition of Penalty: Allahabad HC allows Appeal [Read Order]")
Himachal Pradesh HC disposes Revision Petition by directing re adjudication with respect to Order of ITAT [Read Order]
In a recent case, the Himachal Pradesh High Court disposed of a revision petition by directing re adjudication with respect to the order of Income Tax Appellate Tribunal ( ITAT ). The revision ...
![Himachal Pradesh HC disposes Revision Petition by directing re adjudication with respect to Order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Himachal-Pradesh-HC-Revision-Petition-directing-re-adjudication-ITAT-taxscan.jpg "Himachal Pradesh HC disposes Revision Petition by directing re adjudication with respect to Order of ITAT [Read Order]")
ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) deleted the disallowance of payment made on account of the Forward Contract Loss incurred towards hedging Foreign...
![ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-09-at-3.03.51-PM.jpeg "ITAT Deletes disallowance of payment made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]")
AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) directed readjudication on finding that the assessing officer misconstrued the directions given by the Principle Commissioner of Income Tax...
![AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/AO-Misconstrued-Directions-PCIT-Revisionary-Order-Payment-of-Loans-ITAT-re-adjudication-TAXSCAN.jpg "AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]")
Capital Gains earned from sale of shares of CCL International is genuine: ITAT deletes addition made u/s 69 of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition made under Section 69 of the Income Tax Act, 1961 when finding that capital gains earned from the sale of shares of CCL...
![Capital Gains earned from sale of shares of CCL International is genuine: ITAT deletes addition made u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Capital-Gains-sale-of-shares-CCL-International-genuine-ITAT-Income-Tax-Act-taxscan.jpg "Capital Gains earned from sale of shares of CCL International is genuine: ITAT deletes addition made u/s 69 of Income Tax Act [Read Order]")
No disallowance of interest expense claimed in respect of ST RRB Credit Refinance Fund of NABARD: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) held that no disallowance shall be made on interest expense claimed in respect of ST RRB Credit Refinance Fund of National Bank for...
![No disallowance of interest expense claimed in respect of ST RRB Credit Refinance Fund of NABARD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/No-disallowance-interest-expense-respect-ST-RRB-Credit-Refinance-Fund-NABARD-ITAT-taxscan.jpg "No disallowance of interest expense claimed in respect of ST RRB Credit Refinance Fund of NABARD: ITAT [Read Order]")
ITAT directs Re adjudication with respect to liability of Property Tax paid on behalf of Collector [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) directed readjudication with respect to the liability of property tax paid on behalf of the collector. Further observed that the lower...
![ITAT directs Re adjudication with respect to liability of Property Tax paid on behalf of Collector [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Re-adjudication-liability-of-Property-Tax-paid-behalf-of-Collector-taxscan.jpg "ITAT directs Re adjudication with respect to liability of Property Tax paid on behalf of Collector [Read Order]")