Black Money

Plea in Supreme Court seeking Life Imprisonment for Bribery, Black Money, Benami Property, Tax Evasion etc…

November 16, 2020

Income Tax Department - Assessees - Taxscan

Income Tax Department is back after 3 months, to connect with Assessees facing probe [Read Letter]

August 15, 2020

Special Courts Offences - Public Servants - Taxscan

Govt notifies Special Courts to Try Offences relating to Disclosure of Particulars by Public Servants in Punjab and Haryana [Read Notification]

March 2, 2020

TOP STORIES

Suppression of facts has to be ‘wilful’ with an intent to Evade Payment of Service Tax: CESTAT [Read Order]

September 22, 2021

The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that suppression of facts has to be “wilful” with an intent to evade payment of Service Tax. The appellant, M/s. SOTC Travels Services Pvt. Ltd. is engaged in rendering air travel agents and other tour-related services. During the period of dispute from […]

Limitation Period for Penalty Order does not apply to Penalty Proceeding u/s 271D & 271E: ITAT [Read Order]

September 22, 2021

The Banglore Bench of Income Tax Appellate Tribunal (ITAT) held that the limitation period for penalty order does not apply to penalty proceedings under sections 271D and 271E of the Income Tax Act. The Assessee in the course of assessment proceedings for AY 2009- 10 to 2011-12, AO noticed that the Assessee had repaid cash […]

ICAI - Exposure Draft - Deferred Tax - Taxscan

ICAI Amends Exposure Draft of Deferred Tax related to Assets and Liabilities arising from a Single Transaction

September 22, 2021

The Institute of Chartered Accountants of India (ICAI) has amended the provisions of Exposure Draft of Deferred Tax related to Assets and Liabilities arising from a Single Transaction to ease diversity in the reporting of deferred tax on leases and decommissioning obligations. The Accounting Board of the Institute recently issued the Exposure Draft of amendments […]

Uttarakhand High Court - Vehicle - mango kernel oil - mahua oil - Taxscan

GST: Uttarakhand High Court orders Release of Vehicle, Mango Kernel Oil, Rice Bran Oil confiscated on Mere Suspicion [Read Order]

September 22, 2021

The Uttarakhand High Court ordered the release of Vehicle, mango kernel oil, mahua oil, rice bran oil confiscated on mere suspicion under the Goods and Services Tax Act ( GST ). The petitioner, M/s A.P. Refinery Pvt. Ltd is engaged in the supply of Rice Bran Oil (Grade-II). The petitioner was transporting Rice Bran Oil […]

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Suppression of facts has to be ‘wilful’ with an intent to Evade Payment of Service Tax: CESTAT [Read Order]

September 22, 2021

Limitation Period for Penalty Order does not apply to Penalty Proceeding u/s 271D & 271E: ITAT [Read Order]

September 22, 2021

ICAI Amends Exposure Draft of Deferred Tax related to Assets and Liabilities arising from a Single Transaction

September 22, 2021

GST: Uttarakhand High Court orders Release of Vehicle, Mango Kernel Oil, Rice Bran Oil confiscated on Mere Suspicion [Read Order]

September 22, 2021

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