ITSC cannot grant immunity from Penalty and Prosecution without True Disclosure u/s 254C of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court has held that ITSC cannot grant immunity from Penalty and Prosecution without True Disclosure under section 254C of Income Tax Act, 1961. The ITSC further went on to grant immunity from the
ITAT Weekly Round-up
This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 13 to April 20 ITAT Directs Readjudication with
AAR and AAAR Weekly Round-Up
This round-up analytically summarises the key stories related to the Goods and Services Tax Authority for Advance Ruling ( AAR ) and Appellate Authority for Advance Ruling ( AAAR ) reported at Taxscan.in during the
Case Digest on Retrospective Cancellation of GST Registration
Cancellation of GST Registration means the permanent closure of the GSTIN in some circumstances such as closure/transfer/change in constitution of the business etc. and it can be applied by filing an application on the GST
ITAT Weekly Round-Up
This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 06, 2024 to April 12, 2024. Read More:
Income Tax Notices on Real Estate Deals and Credit Card Transactions: Here’s All You Need to Know
The Income Tax Department maintains a vigilant watch over financial activities, utilizing various data sources to ensure tax compliance. Specific transactions can trigger additional scrutiny, especially high-value cash transactions, real estate transactions and high-value credit
Supreme Court and High Courts Weekly Round Up
SUPREME COURT Services Rendered with Procurement of Goods for Exports are not to be categorised as intermediary services: Supreme Court Dismisses Appeal COMMISSIONER OF G.S.T. AND CENTRAL EXCISE vs M/S SNQS INTERNATIONAL SOCKS PRIVATE LIMITED
Non-Filing of Income Tax Returns: Income Tax Dept to issue Notice to 1.52 Cr Individuals under Taxable Slab, Salaried Persons with Deducted TDS
The income tax department is preparing to take action against individuals and entities who are required to file tax returns but have failed to do so. Officials have identified 15.2 million such individuals who either
Material /document Uncovered during Search Raises no doubt or suspicion against Taxpayer: ITAT deletes addition u/s 153A [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted addition under Section 153A of the Income Tax Act, 1961 as material uncovered during search raises no doubt or suspicion against taxpayer.
Supreme Court & High Court Weekly Round-Up
This weekly round-up analytically summarises the key stories of the Supreme Court & High Court cases reported at taxscan.in, from March 30th, 2024 to April 5th, 2024. SUPREME COURT Challenge on Interest under sub-section (1)
ITAT Weekly Round-Up
This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from march 30, 2024 to April 5 Commissioner cannot invoke Revisional
Complete Case Digest on CBLR Violations
This case digest provides comprehensive coverage of violation cases under the Customs Brokers Licensing Regulations, 2018. These regulations, issued by the central government, are designed to regulate customs brokerage activities within a specific jurisdiction. They
Delhi HC upholds Income Tax Demand Order u/s 148(A)(d) against Agriculturist for Deposit of Rs. 53.55 Lakhs in Bank Account, directs to pursue Statutory Remedy [Read Order]
The Delhi High Court had upheld the Income Tax Demand Order issued under Section 148(A)(D) of the Income Tax Act, 1961 against an individual for deposit of Rs. 53.55 Lakh in Bank Account. The petitioner
CA, CA Inter, B. Com Vacancy in Deloitte
The Deloitte invited applications for the post of RA-CSR-Cyber-AS-SAP GRC. Qualifications Bachelor's Degree in B. Com / MBA / CA / CA Inter SAP Treasury certification will be a plus 4+ Years’ experience in SAP Finance
Receipts by Taxpayer cannot be added to Income for Non-Compliance of Summons under Section 131 of Income Tax Act: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the receipts by the taxpayer cannot be added to income for non-compliance of summons under Section 131 of the Income Tax