Taxscan Team
![Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Liquidated-Damages-Income-Tax-Deduction-ITAT-taxscan.jpg "Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]")
Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT )has held that the provision for liquidated damages is an ascertained liability and...
![Service rendered at Integral place of Business is eligible to avail CENVAT Credit: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Service-Business-CENVAT-Credit-CESTAT-taxscan.jpg "Service rendered at Integral place of Business is eligible to avail CENVAT Credit: CESTAT [Read Order]")
![CESTAT sets aside Rejection on ground of Time-bar and Premature Refund Claim, directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/CESTAT-Refund-Claim-Readjudication-TAXSCAN.jpg "CESTAT sets aside Rejection on ground of Time-bar and Premature Refund Claim, directs Readjudication [Read Order]")
![RP Misconduct: IBBI imposes Five Lakh Rupees fine for Conducting CoC Meetings without Sole Financial Creditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/RP-Misconduct-IBBI-CoC-Financial-Creditor-taxscan.jpg "RP Misconduct: IBBI imposes Five Lakh Rupees fine for Conducting CoC Meetings without Sole Financial Creditor [Read Order]")
GST Audit: Issuance of Final Report shall be after Considering Reply of Assessee, Orissa HC [Read Order]
A division bench of the Orissa High Court, while considering a petition where the GST department issued the draft and final GST audit report on the same day, has allowed the assesseeto file the...
![GST Audit: Issuance of Final Report shall be after Considering Reply of Assessee, Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-Audit-Issuance-Report-Considering-Assessee-Orissa-HC-TAXSCAN.jpg "GST Audit: Issuance of Final Report shall be after Considering Reply of Assessee, Orissa HC [Read Order]")
Non-Reimbursement of Differential Tax Amount Post-GST to Contractors: Orissa HC Stays Action, Directs State Dept to Follow Circular [Read Order]
In a major relief to the contractors, a division bench of the Orissa High Court headed by Chief Justice Dr. S. Muralidhar has ordered to freeze the coercive actions against the contractors and...
![Non-Reimbursement of Differential Tax Amount Post-GST to Contractors: Orissa HC Stays Action, Directs State Dept to Follow Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Tax-Post-GST-Contractors-Orissa-HC-Circular-taxscan.jpg "Non-Reimbursement of Differential Tax Amount Post-GST to Contractors: Orissa HC Stays Action, Directs State Dept to Follow Circular [Read Order]")
Non-Filing of GST Returns due to Demise of Auditor: Karnataka HC Directs to Restore Registration [Read Order]
In a significant ruling, the Karnataka High Court has directed the GST department to restore the cancelled GST registration as the assessee could not file the GST returns due to sudden demise of the...
![Non-Filing of GST Returns due to Demise of Auditor: Karnataka HC Directs to Restore Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-Returns-Auditor-Karnataka-HC-Restore-Registration-taxscan.jpg "Non-Filing of GST Returns due to Demise of Auditor: Karnataka HC Directs to Restore Registration [Read Order]")
Allegation of Issuance of Bills in Name of Proprietor and other units: CESTAT sets aside Denial of Credit on Chartered Accountant Services [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Chennai Bench set aside Denial of credit on Chartered Accountant services on the ground of Allegation of non-issuance of bills on...
![Allegation of Issuance of Bills in Name of Proprietor and other units: CESTAT sets aside Denial of Credit on Chartered Accountant Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Issuance-of-Bills-CESTAT-Denial-of-Credit-Chartered-Accountant-Services-taxscan.jpg "Allegation of Issuance of Bills in Name of Proprietor and other units: CESTAT sets aside Denial of Credit on Chartered Accountant Services [Read Order]")
![Leave Encashment paid as per Section 43B (f) of Income Tax Act: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Leave-Encashment-Income-Tax-Act-ITAT-Deduction-taxscan.jpg "Leave Encashment paid as per Section 43B (f) of Income Tax Act: ITAT allows Deduction [Read Order]")
![Mere allegation in SCN cannot be ground to deny Credit: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Mere-allegation-SCN-deny-Credit-CESTAT-taxscan.jpg "Mere allegation in SCN cannot be ground to deny Credit: CESTAT [Read Order]")