NFRA Slaps 2 Cr Penalty on Deloitte for Zee Entertainment Audit Lapses, Two Partner CAs get Tanked [Read Order]
The National Financial Reporting Authority (NFRA) has imposed a hefty penalty of ₹2 crore on Deloitte Haskins & Sells LLP for serious lapses...
![GST proper officer must consider Reply Filed by assessee even after Multiple Hearings: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/GST-Madras-High-Court-Madras-high-court-multiple-hearing-case-Goods-and-Services-Tax-taxscan.jpg "GST proper officer must consider Reply Filed by assessee even after Multiple Hearings: Madras HC [Read Order]")
![Credit lying in stock on Returned goods had to be reversed in terms of SSI Notification with Rule 11 of CCR: CESTAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Bangalore-Excise-and-Customs-CESTAT-on-Credit-Reversal-for-Returned-Goods-case-taxscan.jpg "Credit lying in stock on Returned goods had to be reversed in terms of SSI Notification with Rule 11 of CCR: CESTAT dismisses Appeal [Read Order]")
![Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITATDelhi-section-148-of-Income-Tax-Act-Income-Tax-ITAT-Quashes-Reopening-Income-Tax-Appellate-Tribunal-taxscan.jpg "Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]")
![ITAT Directs TPO to apply LIBOR Rate for Interest on Foreign Currency Receivables [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bengaluru-Income-Tax-Appellate-Tribunal-LIBOR-Rate-Application-ITAT-Case-TAXSCAN.jpg "ITAT Directs TPO to apply LIBOR Rate for Interest on Foreign Currency Receivables [Read Order]")
Non-compliance due to notice issue only via email: ITAT Remands Cash deposits during Demonetization Matter [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter concerning cash deposits made by the assessee during demonetization for fresh assessment considering the notice was...
![Non-compliance due to notice issue only via email: ITAT Remands Cash deposits during Demonetization Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/cash-deposit.jpeg "Non-compliance due to notice issue only via email: ITAT Remands Cash deposits during Demonetization Matter [Read Order]")
Payment of Customs Duty must be based on Actual Crude Oil Received into Shore Tank in Port in India: CESTAT rules in favour of Philips Carbon Black [Read Order]
In a recent ruling in favour of Philips Carbon Black Ltd, the Bangalore bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that payment of customs duty must be...
Long Adjournment during Pandemic could have Ensured Justice: CESTAT on Denial of CENVAT Credit to Ambuja Cements [Read Order]
The Mumbai bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ), on denial of CENVAT Credit to Ambuja Cements, recently observed that long adjournment during pandemic could have...
![Long Adjournment during Pandemic could have Ensured Justice: CESTAT on Denial of CENVAT Credit to Ambuja Cements [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Mumbai-CENVAT-Credit-CENVAT-Credit-to-Ambuja-Cements-Ambuja-Cements-taxscan.jpg "Long Adjournment during Pandemic could have Ensured Justice: CESTAT on Denial of CENVAT Credit to Ambuja Cements [Read Order]")
Finance Ministry Launches ICEGATE e-Payment Platform for Electronic Collection of Voluntary/Self-Initiated Payments [Read Circular]
The Ministry of Finance issued Circular No. 27/2024-Customs, dated 23rd December 2024, announcing the launch of the ICEGATE e-Payment Platform for voluntary or self-initiated payments ( SIP ). The...
Accounts Employees of Principal Manufacturers not liable for Job Workers’ Excise Duty Lapses without Direct Involvement: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) held that employees of principal manufacturers cannot be penalized for excise duty-related lapses by job...
![Accounts Employees of Principal Manufacturers not liable for Job Workers’ Excise Duty Lapses without Direct Involvement: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Ahmedabad-Excise-and-Customs-CESTAT-on-Excise-Duty-Lapses-Liability-TAXSCAN.jpg "Accounts Employees of Principal Manufacturers not liable for Job Workers’ Excise Duty Lapses without Direct Involvement: CESTAT [Read Order]")
