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Income Tax

Kerala HC upholds Addition as diversion of Funds of Trust amounting to Violation of Exemption u/s.11 of Income Tax Act [Read Judgment]

December 2, 2021

penalty - self-assessment Income Tax liability - Financial Constraints - ITAT - Taxscan

No Penalty to be imposed on failure to discharge admitted Self-Assessment Income Tax Liability due to Financial Constraints: ITAT [Read Order]

December 2, 2021

Know the Complete Due Dates of Income Tax Compliance for December 2021

December 1, 2021

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Goods can be Released on Payment of Fine in lieu of Confiscation during process of Adjudication and Post-Adjudication: Kerala HC [Read Judgment]

December 2, 2021

The Kerala High Court has held that the goods can be released on payment of the fine in lieu of confiscation during the process of adjudication and post-adjudication. A review petition against the interim order is preferred by the State Tax Officer in respect of the issue of whether section 130(2) of the Act contemplates […]

CA- CMA - vacancy - Bank of America - jobscan - Taxscan

CA / CMA vacancy in Bank of America

December 2, 2021

The Bank of America has invited applications for the post of Senior Manager. Responsibilities: CRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for preparation and/or review of regulatory reports/schedules/support tasks, documentation, interpretation and communication of regulatory reporting requirements, and maintenance of reporting data dictionaries. […]

Basis for Calculating Fine in lieu of Confiscation under GST Act is only Market Value and not the MRP: Kerala HC [Read Judgment]

December 2, 2021

The Kerala High Court held that the basis for calculating a fine in lieu of confiscation under the GST Act is only market value and not the Maximum Retail Price (MRP). A review petition against the interim order is preferred by the State Tax Officer in respect of the issue of whether section 130(2) of […]

B.com - CA inter - CMA inter - opening - Colgate-Palmolive - vacancy - jobscan - taxscan

B.com, CA Inter, CMA Inter openings in Colgate-Palmolive

December 2, 2021

The Colgate-Palmolive Company has invited applications for the post of Supply Chain Finance – Associate Analyst I The Supply Chain Finance Analyst is responsible for activities in Cost & Inventory and Fixed Assets. Responsibilities: In-depth understand of Costing & Fixed Asset Processes SAP Environment Period Closing Activities Product Costing of Products – Manufacturing & Commercial […]

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Goods can be Released on Payment of Fine in lieu of Confiscation during process of Adjudication and Post-Adjudication: Kerala HC [Read Judgment]

December 2, 2021

Basis for Calculating Fine in lieu of Confiscation under GST Act is only Market Value and not the MRP: Kerala HC [Read Judgment]

December 2, 2021

Tax Assessment Cases - Punjab Government - taxscan

Punjab Govt. decides to Exempt 1.50 Lakh Tax Assessment Cases

December 2, 2021

In a major relief to traders ahead of the assembly polls, the Punjab Government has decided to exempt about 1.50 lakh cases from assessment related to cases of ‘C’ form from 2014-15 to 2017-18. The decision was taken during the Cabinet meeting chaired by Chief Minister Charanjit Singh Channi here, said the statement. Although it […]

Kerala HC upholds Addition as diversion of Funds of Trust amounting to Violation of Exemption u/s.11 of Income Tax Act [Read Judgment]

December 2, 2021

The Kerala High Court upheld the addition as diversion of funds of the Trust amounting to a violation of exemption under section 11 of the Income Tax Act. The assessee, Ilahia Trust was granted registration under Section 12AA of the Act on 01.04.2000 and the assessee being an Educational Trust, the income is exempt from […]

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