Taxscan Team
NFRA Inspects five Audit Firms after the issuance of Quality Control Guidelines
The National Financial Reporting Authority, shortly after releasing the guidelines for inspection of audit firms to improve quality control, has...
![One percentage Disallowance is reasonable on Fraudulent Capital Gain obtained by Manipulating Stock Broker: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Fraudulent-Capital-Gain-Capital-Gain-Fraudulent-Manipulating-Stock-Broker-Stock-Broker-ITAT-taxscan.jpg "One percentage Disallowance is reasonable on Fraudulent Capital Gain obtained by Manipulating Stock Broker: ITAT [Read Order]")
![No Writ Jurisdiction When Alternate Remedy of Appeal available u/s 246 of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Writ-Jurisdiction-Alternate-Remedy-Appeal-Income-Tax-Act-Bombay-High-court-Income-Tax-tax-taxscan.jpg "No Writ Jurisdiction When Alternate Remedy of Appeal available u/s 246 of Income Tax Act: Bombay HC [Read Order]")
CBEC Circular on Valuation in case of Sale of Goods Partly to Related and Independent Parties Not Violative of Central Excise Laws: Supreme Court [Read Order]
The Supreme Court, on Monday upheld the validity of the circular issued by the Central Board of Excise and Customs (CBEC), now CBIC, and held that the circular dated 1.7.2002 regarding valuation of...
![CBEC Circular on Valuation in case of Sale of Goods Partly to Related and Independent Parties Not Violative of Central Excise Laws: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CBEC-CBEC-Circular-Central-Excise-Laws-Central-Excise-Excise-Law-Supreme-Court-taxscan.jpg "CBEC Circular on Valuation in case of Sale of Goods Partly to Related and Independent Parties Not Violative of Central Excise Laws: Supreme Court [Read Order]")
![No Disallowance u/s 14A on Tax Free Bonds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Disallowance-on-Tax-Free-Bonds-ITAT-TAXSCAN.jpg "No Disallowance u/s 14A on Tax Free Bonds: ITAT [Read Order]")
Section 115BBE of Income Tax Act not to be triggered by modifying premise of revisional directions: ITAT [Read Order]
A Division Bench of the Income Tax Appellate Tribunal ( ITAT ), Delhi held that Section 115BBE of Income Tax Act, 1961 not to be triggered by modifying premise of revisional directions. The...
![Section 115BBE of Income Tax Act not to be triggered by modifying premise of revisional directions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Act-Income-Tax-Tax-revisional-directions-ITAT-taxscan.jpg "Section 115BBE of Income Tax Act not to be triggered by modifying premise of revisional directions: ITAT [Read Order]")
GST Officer acted in a 'Reckless Illegal Manner' leading to Unnecessary Litigation: Rajasthan HC to Impose Cost [Read Order]
The Rajasthan High Court, on Friday, asked the Joint Commissioner, Circle Nimbahera of GST to show-cause why cost should not be imposed upon him for nonperformance of duties enjoined upon him by law...
![GST Officer acted in a Reckless Illegal Manner leading to Unnecessary Litigation: Rajasthan HC to Impose Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/GST-Officer-acted-in-a-Reckless-Illegal-Manner-leading-to-Unnecessary-Litigation-Rajasthan-HC-to-Impose-Cost-TAXSCAN.jpg "GST Officer acted in a Reckless Illegal Manner leading to Unnecessary Litigation: Rajasthan HC to Impose Cost [Read Order]")
![Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-TDS-Interest-Revenue-Penalty-ITAT-Payment-of-TDS-taxscan.jpg "Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]")
![OCI is Fees for Technical Services u/s 115A of Income Tax Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/OCI-is-Fees-for-Technical-Services-of-Income-Tax-Act-ITAT-deletes-Addition-TAXSCAN.jpg "OCI is Fees for Technical Services u/s 115A of Income Tax Act: ITAT deletes Addition [Read Order]")
GST Dept failed to Allow Opportunity to Present during Inspection and Upload Photographs: Delhi HC Quashes Order Canceling Registration [Read Order]
In a recent ruling, a division bench of the Delhi High Court has quashed an order cancelling GST registration observing that the GST department has not allowed an opportunity to present during the...
![GST Dept failed to Allow Opportunity to Present during Inspection and Upload Photographs: Delhi HC Quashes Order Canceling Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/GST-department-GST-Delhi-High-Court-Registration-Canceling-Registration-Taxscan.jpg "GST Dept failed to Allow Opportunity to Present during Inspection and Upload Photographs: Delhi HC Quashes Order Canceling Registration [Read Order]")