Monday, August 10, 2020

News Updates

GST Fraud: Five Arrested for filing Fake Returns

A major GST fraud has been detected by the Delhi Police where five persons are arrested for filing fake returns. The organised gang of fraudsters involved in submitting fake returns of different private...

Excise Officer and Chartered Accountant arrested in a Bribery Case

The Punjab Vigilance Bureau, today arrested an Assistant Excise & Taxation Commissioner (AETC) sales tax (GST) mobile wing Harmeet Singh posted at Hoshiarpur and a Chartered Accountant (CA) Raman Sondhi red-handed for...

CBDT invites stakeholder comments on report pertaining to Profit Attribution to Permanent Establishment in India

The Central Board of Direct Taxes ( CBDT ) places the report of the Committee on Profit Attribution on online public domain and invites suggestions/comments to be furnished electronically within 30 days...

Penalty Proceedings can’t be initiated without a specific Charge: ITAT [Read Order]

The Indore bench of the Income Tax Appellate Tribunal (ITAT) on Thursday ruled that no penalty proceedings can be initiated on a suspected defaulter assessee without specifying the charges levied against him....

ITAT slams Tax Dept for Negligence in Maintaining Records, says Assessee can’t be Penalized for such Mistakes [Read Order]

While granting section 12A registration to a Trust, the Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has criticized the income tax department for its negligence in keeping records. The...

Tax Lawyers appeals for Summer Vacation in CESTAT [Read Letter]

The Central Excise, Customs and Gold Tribunal Bar Association has submitted a representation before the Central Excise, Customs and Service Tax Appellate Tribunal (CESTAT) demanding vacations in summer and winter. The Supreme Court...

GST Practitioners Exam Date announced, Register till 4th June

The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the...

CBDT fixes deadline to dispose Demonetization Cases

The Central Board of Direct Taxes ( CBDT ), in its action plan for the current quarter from April- June 2019, has set 30th June 2019 as the deadline to dispose of all...

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