- Home
- »
- Taxscan Team

Taxscan Team

ICAI Campus Placement: 5,194 CA Final Passed Students got Job Offers with an Average Salary of Rs. 12.48 Lakhs, says President
The President of the Institute of Chartered Accountants of India (ICAI), CA. (Dr.) Debashis Mitra has stated that a total of 5,194 candidates were...
No Verification of Reversal of Credit of Input Service attributed on Exempted Goods: CESTAT orders re adjudication [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ordered re adjudication the ground that no proper verification was done on reversal of credit of input service...
Penalty under Rule 26 Central Excise Rules cannot be imposed for issuance of bogus LR when period involved is prior to amendment: CESTAT [Read Order]
The Division Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), ruled that penalty under Rule 26 of Central Excise Rules, 2002 cannot be imposed for issuance of bogus LR when...
Cash Gift of Rs. 39 Lakh from Husband during Assessment Proceedings was Mere Afterthought after Search: ITAT Upholds Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at Chennai has recently held that, the claim of the assessee, K Gomati that Rs. 39 Lakhs was received as gift from husband during the assessment...
Commission Agent Service is export of service, no service tax when commission is received in convertible foreign exchange: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench held that Commission Agent Service is export of service, no service tax when commission is received in convertible...
Fraud of Rs. 20 Lakh and Jewellery by Pretending as Income Tax Officer: Patna HC Grants Bail to Accused After 9 Months in Custody [Read Order]
While considering a bail application by an accused charged with the offence of cheating and other offences under the Indian Penal Code, the Patna High Court has Granted Bail to the accused After 9...
'No serious efforts seem to have been made', says Supreme Court in Pendency of Investigation of Excise Cases in Punjab [Read Order]
The two-judge Supreme Court Bench of Justice M R Shah and Justice M M Sundresh observed recently in a Special Leave Petition filed by Tarsem Jodhan and others that, "No serious efforts seem to have...