Taxscan Team
![Penalties imposed u/s 77 and 78 are not valid in the absence of deliberate suppression of fact: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalties-u-s-77-and-78-absence-of-deliberate-suppression-of-fact-ITAT-taxscan.jpg "Penalties imposed u/s 77 and 78 are not valid in the absence of deliberate suppression of fact: ITAT [Read Order]")
Penalties imposed u/s 77 and 78 are not valid in the absence of deliberate suppression of fact: ITAT [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that Penalties imposed u/s 77 and 78 are not valid in...
![Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-prove-Identity-Creditworthiness-ITAT-TAXSACN.jpg "Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]")
![Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Assessment-ITAT-taxscan.jpg "Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]")
![Supply, Installation and Commissioning of Plant & Machinery, Mechanical Engineering Works, Electrical Works etc., Amounts to Composite Supply of Work Contract Service: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Plant-Machinery-Mechanical-Engineering-Works-Electrical-Works-Work-Service-AAAR-TAXSCAN.jpg "Supply, Installation and Commissioning of Plant & Machinery, Mechanical Engineering Works, Electrical Works etc., Amounts to Composite Supply of Work Contract Service: AAAR [Read Order]")
Re-Issue of SCN Demanding Duty Which once dropped by Department is Not Valid: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Kolkata Bench has held that the re-issue of the Show Cause Notice ( SCN ) demanding duty which once dropped by the department is not...
![Re-Issue of SCN Demanding Duty Which once dropped by Department is Not Valid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/SCN-Demanding-Duty-Department-CESTAT-taxscan.jpg "Re-Issue of SCN Demanding Duty Which once dropped by Department is Not Valid: CESTAT [Read Order]")
Delhi HC Condones Delay in Payment of Disputed Amount under VSV Act due to Death of Director [Read Order]
The Delhi High Court Condoned the delay in payment of the disputed amount under the Vivad Se Vishwas (VSV )Act due to the death of the Director and Covid. I A Housing Solution Private Limited and...
![Delhi HC Condones Delay in Payment of Disputed Amount under VSV Act due to Death of Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delhi-HC-Payment-VSV-Act-Director-taxscan.jpg "Delhi HC Condones Delay in Payment of Disputed Amount under VSV Act due to Death of Director [Read Order]")
Detection of Contravention during Audit is insufficient justification for invoking extended period of Limitation: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Kolkata Bench held that detection of contravention during audit is insufficient justification for invoking extended period of...
![Detection of Contravention during Audit is insufficient justification for invoking extended period of Limitation: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Contravention-Audit-justification-CESTAT-TAXSCAN.jpg "Detection of Contravention during Audit is insufficient justification for invoking extended period of Limitation: CESTAT [Read Order]")
![TPO not to Step into the Shoes of Assessee to Decide Prudence of Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TPO-Expenditure-ITAT-taxscan-1.jpg "TPO not to Step into the Shoes of Assessee to Decide Prudence of Expenditure: ITAT [Read Order]")
8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]
The Income Tax Appellate Tribunal (ITAT), Patna Bench, has recently, in an appeal filed before it, while restricting the net profit rate of 6% in civil contract business, held that 8% income over the...
![8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Gross-Revenue-Net-Profit-Civil-Contract-Business-taxscan.jpg "8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]")
Failed to get approval on Total Capital Investment from Assessment Committee: Uttarakhand HC sets aside Assessment Order [Read Order]
The Uttarakhand High Court set aside the assessment order being failed to get approval on total capital investment from the assessment committee while passing the assessment. The revisionist...
![Failed to get approval on Total Capital Investment from Assessment Committee: Uttarakhand HC sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/capital-investment-Assessment-Committee-HC-assessment-order-taxscan.jpg "Failed to get approval on Total Capital Investment from Assessment Committee: Uttarakhand HC sets aside Assessment Order [Read Order]")