FM holds his 5th Pre-Budget Consultation Meeting with the leading Economists
The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley said that despite subdued global economic growth, India’s growth remains...
![PIL in SC challenges the Provisions of Finance Acts for Supporting Political Funding [Read Petition]](https://www.taxscan.in/wp-content/uploads/2017/10/Political-Funding-Taxscan.jpg "PIL in SC challenges the Provisions of Finance Acts for Supporting Political Funding [Read Petition]")
![HC Admits Plea challenging the Constitutional Validity of GST Compensation Cess: Directs Dept to Not to take Coercive Steps for Non-payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/CESS-Taxscan.jpg "HC Admits Plea challenging the Constitutional Validity of GST Compensation Cess: Directs Dept to Not to take Coercive Steps for Non-payment [Read Order]")
Govt Notifies List of Transactions not Hit by Provision Banning Cash Receipts Upto 2 Lakhs [Read Notification]
The Central Government today notified the lists of transactions which are not hit by the provisions of section 269ST of the Income Tax Act. Section 269ST, introduced by Finance Act, 2017 with effect...
![Govt Notifies List of Transactions not Hit by Provision Banning Cash Receipts Upto 2 Lakhs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Govt Notifies List of Transactions not Hit by Provision Banning Cash Receipts Upto 2 Lakhs [Read Notification]")
Reportable Transactions must be Registered with ITDREIN: CBDT issues Clarification on Furnishing Statement of Financial Transaction (SFT)
Central Board of Direct Taxes (CBDT) today issued Clarification on furnishing Statement of Financial Transaction (SFT) & SFT Preliminary Response. The Central Board of Direct Taxes had earlier...
Presence of mens rea is Necessary Constituent for Imposing Penalty under Sec 78 of the Finance Act, 1994: Chhattisarh HC
In a recent ruling, the Chhattisgarh High Court held that, presence of mens rea is necessary constituent for imposing penalty under section 78 of the Finance Act, 1994. The petitioner M/s. Mahadev...
Assessment Proceedings cannot be Re-Open on the basis of Audit Objection, rules SC [Read Judgment]
‘Audit Objection’ cannot be construed as ‘Information’ within the meaning of Section 19 of the Bihar Finance Act, 1981. The Supreme Court of India yesterday ruled that, Assessment Proceedings...
