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![Penalty imposed without specifying the limb is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-imposed-ITAT-Taxscan.jpg "Penalty imposed without specifying the limb is invalid: ITAT [Read Order]")
Penalty imposed without specifying the limb is invalid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the penalty imposed Section 271(1)(c) without specifying the limb is invalid. The...
![Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Shares-Face-Value-Shareholders-Amalgamation-Section-562-ITAT-Taxscan-1.jpeg "Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]")
![Allahabad HC refuses to grant Bail to person alleged of Clandestine Removal of Finished Goods without issuance of any Invoice, without Payment of any applicable duties [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Allahabad-High-court-grant-bail-to-person-clandestine-removal-finished-goods-invoice-applicable-duties-Taxscan.jpg "Allahabad HC refuses to grant Bail to person alleged of Clandestine Removal of Finished Goods without issuance of any Invoice, without Payment of any applicable duties [Read Order]")
![ITAT allows Claim of Deduction u/s 80C to Hero Motocorp [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-claim-of-deduction-Hero-Motocorp-Taxscan.jpg "ITAT allows Claim of Deduction u/s 80C to Hero Motocorp [Read Order]")
GST Audit is not an avoidable Compliance, Chartered Accountant ensures checks and balances: ICAI President
GST Audit is not an avoidable compliance. GST Audit by a Chartered Accountant ensures maker checker concept thereby detecting inconsistencies, lapses, errors and ambiguities, if any, in complying...
![ITAT quashes Proceedings u/s 153C for want of Incriminating Materials [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-AO-capital-gain-Taxscan.jpeg "ITAT quashes Proceedings u/s 153C for want of Incriminating Materials [Read Order]")
NCLAT upheld rejection of application for initiation of Corporate Insolvency Resolution process by Operational Creditor
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench upheld the rejection of application for initiation of corporate insolvency resolution process by operational creditor. The...
![ITAT deletes penalty on Undisclosed Income u/s 271AAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-penalty-Undisclosed-Income-271AAA-Taxscan.jpg "ITAT deletes penalty on Undisclosed Income u/s 271AAA [Read Order]")