CESTAT quashes Penalty imposed u/s 114(ii) of Customs Act citing lack of Intent to Export Semi-finished Leather [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has overturned a penalty imposed under Section 114(ii) of the Customs Act, 1962, on an exporter for allegedly attempting to export semi-finished leather disguised
MCA appoints Justice Suresh Kumar Gupta as Chairperson to Appellate Authority for CAs, CSs, and Cost Accountants [Read Notification]
The Ministry of Corporate Affairs ( MCA ) has notified the appointment of Chairperson and Members to Appellate Authority for CAs, CSs, and Cost Accountants. Justice Suresh Kumar Gupta, Judge (Retd) of Allahabad High Court have
LEEL Case: SEBI imposes Rs 14 Cr fine on 7 Individuals for Accounts Fraud
The Securities and Exchange Board of India ( SEBI ) imposed Rs 14 Crores fine on seven individuals for accounts fraud in the much-celebrated LEEL case. The SEBI Investigation noted that various violations of the
No Late Fee for GSTR 9 C Filing: Kerala HC [Read Order]
In a recent judgment, the Kerala High Court, that no late fee can be levied for late filing of GSTR-9C for the financial years 2017-18, 2018-19, and 2019-20. The judgment would be a significant relief
NFRA has Authority to Take Disciplinary Action Against Auditors: SC upholds NCLAT Order
The Supreme Court upheld the ruling by the National Company Law Appellate Tribunal ( NCLAT ) which upheld the disciplinary action by the National Financial Reporting Authority ( NFRA ) against auditors and audit firms
No Service Tax leviable on Online Ticketing Platform under support of Book My Show not Receiving Consideration from Card Companies: CESTAT [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that no service tax is leviable on online ticketing platform under support of Book My Show not receiving consideration from the
Technical Assistance for Manufacture of Aircraft and Engines not IPR-Services: CESTAT quashes Service Tax Demand [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) quashed service tax demand and held that the technical assistance for manufacture of aircraft and engines is not IPR-Services. The
NGOs [Non-Profits, Societies and Charitable Trusts] and Section 80G Registration Requirements, Eligibility, Benefits and All You Need to Know
NGOs [ Nongovernmental Organizations ] 1. Section 8 Company: A Section-8 Company, also referred to as a Not-for-Profit Organization, is established with the primary goal of promoting various sectors such as commerce, art, science, sports,
The Ultimate SUV & EV Showdown: Venue, Nexon, Tiago EV and Exter Compared
The SUV and EV markets are booming in India, with most automakers now offering electric and SUV models to meet customer demand. With so many options available, deciding which best suits your needs and budget
Demand of Late Fee for Belated GSTR 9 C is not valid as CGST Notification waived it: Kerala HC allows Refund of Late Fee paid [Read Order]
Kerala High Court in its recent judgement held that the demand for a late fee for belated GSTR 9 C is not valid as the Central Goods and Service Tax ( CGST ) notification waived
Submissions on TDS Deduction u/s 194J or u/s 194C on Payments to X-Ray and CVC Machine Maintenance not considered: ITAT directs Fresh Adjudication [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has ordered a reconsideration, directing fresh adjudication. This decision comes as submissions regarding Tax Deducted at Source ( TDS ) deductions under Sections
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
Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the fees paid to Liquidator to be paid under Regulation 4(2)(b) of the Insolvency and Bankruptcy Board of India
Baba Ramdev’s Patanjali to Pay Service Tax on Yoga Camps, Supreme Court upholds CESTAT Order
In a recent legal ruling, the Supreme Court upheld a decision made by the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) regarding the liability of the Patanjali Yogpeeth Trust to pay service
Exemption under Threshold Limit of Exemption for Small Scale Service Providers: CESTAT directs to submit Relevant Documents [Read Order]
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) directed to submit relevant documents in the matter concerning exemption under threshold limit of exemption for small scale service