Penalty

Penalty can’t be levied since SCN issued by DRI is invalid: CESTAT [Read Order]

July 23, 2021

Penalty - VAT Act - Karnataka High Court - Taxscan

Penalty under VAT Act can’t be imposed in every case merely because it is lawful to do so: Karnataka High Court [Read Order]

July 22, 2021

Original imposition of penalty - Rectified Demand - Patna HC - GST officer - Taxscan

Huge difference Noticed between Original Imposition of Penalty and Rectified Demand: Patna HC cautions GST Officer to be careful in Future [Read Order]

July 17, 2021

TOP STORIES

CA- CS - vacancy-Deloitte-jobscan-taxscan

CA / CS vacancy in Deloitte

July 28, 2021

The Deloitte has invited applications for the posts of Assistant Manager. Assistant Manager will build and nurture positive working relationships with teams and clients with the intention to exceed client expectations. Responsibilities: Imparting knowledge on various transfer pricing topics to new employees and freshers through learning sessions Visiting clients to understand their business and conducting […]

CA - CWA - CS - vacancy - Dell Technologies - jobscan - Taxscan

CA / CWA / CS vacancy in Dell

July 28, 2021

The Dell Technologies has invited applications for the post of Senior Analyst. The Senior Analyst assess creditworthiness of corporate customers by preparing financial scorecard in D&B Tool, payment behavior and market search. (Should have knowledge on financial statements assessment like P&L, Balance sheet, Cash flow statement, ratio analysis, etc) and should be able to understand […]

IBBI - guidelines on Technical Standards - performance of core services - IBBI Regulations - Taxscan

IBBI amends Guidelines on Technical Standards for Performance of Core Services under IBBI Regulations

July 28, 2021

The Insolvency and Bankruptcy Board of India (IBBI) on Monday notified the Guidelines for Technical Standards for the Performance of Core Services and Other Services (Amendment), 2021 under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. The amendment defines the term “Identity Details” which means C-KYC number in the C-KYC database maintained […]

Section 14A Disallowance - exempted income-Assesee-Madras High court - Taxscan

Section 14A Disallowance cannot exceed the Exempted Income earned by Assesee: Madras High Court [Read Judgment]

July 28, 2021

The Madras High Court ruled that disallowance under Section 14A of the Income Tax Act can not exceed the exempted income earned by the Assessee. The assessee, M/s.HTC Global Services India Pvt. Ltd. is a company engaged in the business of providing customer support, services in the form of e-mail support, voice support, and chatting. […]

All Recent Stories

IBBI amends Guidelines on Technical Standards for Performance of Core Services under IBBI Regulations

July 28, 2021

Section 14A Disallowance cannot exceed the Exempted Income earned by Assesee: Madras High Court [Read Judgment]

July 28, 2021

Penal Interest - Income Tax Return - Taxscan

Know the Penal Interest details to be paid even if Income Tax Return filing deadline Extended

July 28, 2021

In order to provide relief to the Taxpayers affected by the COVID-19 Pandemic, the Government extended the Income Tax Return filing for the financial year 2020-21 till September 30, 2021. Further, the government has given multiple extensions to the taxpayers last year also. However, under sections 234A, 234B and 234C of the Income Tax Act […]

Direct Tax collection doubled for first quarter of Current Fiscal

July 28, 2021

Direct tax collection for the first quarter of the current fiscal has doubled. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. The Minister stated that the net direct tax collection in the 1st quarter of FY 2021-2022 is Rs. […]

All Top Stories