![No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/10/Tax-Audit-Reports-CBDT-Taxscan.jpg "No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]")
No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the penalty under section 271B of the Income Tax Act, 1961 is not leviable if...
![No Obligation to pay Advance Tax if Assesses denies his Income Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Business-Advances-Taxscan.jpg "No Obligation to pay Advance Tax if Assesses denies his Income Tax Liability: ITAT [Read Order]")
![Hindustan Unilever’s Rexona & Lux Soap is covered under Chapter 34 as TFM content is less than 60%: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Hindustan-Unilever-Taxscan.jpg "Hindustan Unilever’s Rexona & Lux Soap is covered under Chapter 34 as TFM content is less than 60%: CESTAT [Read Order]")
Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) affirmed that the limitation period will not be extended in The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities...
![Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/NCLAT-Taxscan.jpg "Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]")
No Prohibition in Set off of Loss against 'Income from Other Sources' prior to 2017 Amendment: ITAT [Read Order]
While deleting a revisional order, the Cochin bench of the Income Tax Appellate Tribunal (ITAT) has held that there is no prohibition under the Income Tax Act, 1961 to set off the loss against the...
![No Prohibition in Set off of Loss against Income from Other Sources prior to 2017 Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-16-1.jpg "No Prohibition in Set off of Loss against Income from Other Sources prior to 2017 Amendment: ITAT [Read Order]")
Penalty imposed on Non-Passing of benefit of Tax Reduction is not violative of Right to Trade: NAA [Read Order]
The penalty imposed by the National Anti-Profiteering Authority (NAA) on non-passing of the benefit of tax reduction is not violative of the fundamental right i.e. Right to Trade/ Business Decision. ...
![Penalty imposed on Non-Passing of benefit of Tax Reduction is not violative of Right to Trade: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/NAA-GST-Taxscan.jpg "Penalty imposed on Non-Passing of benefit of Tax Reduction is not violative of Right to Trade: NAA [Read Order]")
Supply of Software and Other Services are not Royalty or FTS, not Taxable: Delhi HC [Read Judgment]
The Delhi High Court on a writ petition filed by PARADIGM GEOPHYSICAL PVT LTD held that the supply of software and other services are not Royalty/ Fees for Technical Services(FTS) and therefore, the...
![Supply of Software and Other Services are not Royalty or FTS, not Taxable: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Software-Services-GST-Taxscan.jpg "Supply of Software and Other Services are not Royalty or FTS, not Taxable: Delhi HC [Read Judgment]")
ICAI not empowered to Conduct Disciplinary Proceedings without Written Allegations: Gujarat HC [Read Judgment]
The Gujarat High Court has held that the Institute of Chartered Accountant of India (ICAI) is not empowered to conduct any disciplinary proceedings without written allegations. In the case of...
![ICAI not empowered to Conduct Disciplinary Proceedings without Written Allegations: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Chartered-Accountant-ICAI-29-Vaccancies-Project-Officer-ICAI-Taxscan.jpg "ICAI not empowered to Conduct Disciplinary Proceedings without Written Allegations: Gujarat HC [Read Judgment]")
Property Acquired prior to Commission of PMLA Offence can't be Attached unless It is taken Outside India: Punjab & Haryana HC [Read Judgment]
The Punjab & Haryana High Court has held that property acquired prior to the commission of Criminal Activity cannot be attached unless taken outside the country. In the case of Seema Garg vs....
![Property Acquired prior to Commission of PMLA Offence cant be Attached unless It is taken Outside India: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Service-Tax-Rent-Immovable-Property-Taxscan.jpg "Property Acquired prior to Commission of PMLA Offence cant be Attached unless It is taken Outside India: Punjab & Haryana HC [Read Judgment]")
Commercial Training or Coaching Services and provisions of Hostel can’t be bundled under section 66F of the Financial Act, 1994: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that Commercial Training or Coaching Services and provisions of Hostel cannot be bundled under section 66F of the Financial...
![Commercial Training or Coaching Services and provisions of Hostel can’t be bundled under section 66F of the Financial Act, 1994: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/CESTAT-Taxscan-1.jpg "Commercial Training or Coaching Services and provisions of Hostel can’t be bundled under section 66F of the Financial Act, 1994: CESTAT [Read Order]")