Below is the detailed Income Tax compliance schedule for May 2024. Adhering to these deadlines is essential to avoid penalties. Understanding and abiding to the specified income tax due dates are crucial to avoid late filing penalties and interest charges. The submission of Forms 3BB, 49C, 61A, 10BD, 10BE are also nearing. These deadlines can […]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed appeal citing a lack of proper explanation for the 726-day delay. The appeal is time barred by 726 days. The order of the CIT(A) is dated 31.08.2021 and assessee has disclosed the date of service of the impugned order on 07.09.2021 as...
A Two-Judge Bench of the Supreme Court of India directed re-consideration in the matter concerning compounding of offences under Section 137 of the Customs Act, 1962 by the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ). Nisha Bagchi, counsel appeared for the petitioner-Department. The counsel emphasized on the order of the High Court...
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that no confiscation can be made on taking prior permission from the customs department for storage of non-bonded goods in bonded warehouse. On the basis of investigation, the officers found that the appellants had failed to comply with the...
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