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SC issues New Procedures for Hearing via Video Conferencing amid Lockdown [Read Circular]

Taxscan Team

The Supreme Court (SC) has issued a circular detailing the standard operating procedures (SOP) to ease the process of mentioning, e-filing, and video...

Attachment of Property purchased out of Proceeds of Crime, not violative of Right to Property:...

Amount Transferable for Consumer’s Benefit can’t be included in Real Profit, Not Taxable: Delhi HC...

SC Quashes Income Tax Re-Assessment Notices against NDTV [Read Judgment]

Gujarat HC Grants bail for wrongful availment of ITC beyond Rs.5 cr [Read Order]

Don’t Disseminate Unverified News Capable of Causing Panic: Supreme Court to Media [Read Order]

The Supreme Court of India has directed the Media, including print, electronic and social media, to maintain a strong sense of responsibility and ensure that unverified news capable of causing panic...

Service Tax Refund cannot be claimed once barred by Limitation: CESTAT [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has recently held that the refund of service tax cannot be claimed once the same is barred by limitation under section...

Petition in Madras High Court challenges Appellate Tribunal and Other Authorities Rules, 2020

The Madras High Court has issued a notice on the plea of the Revenue Bar Association (RBA) challenging the Appellate Tribunals Rules, 2020 as the rules suffer from the same old defects. The Appellate...

SC urges RBI to introduce Stringent Measures to Prevent Misuse of Cheques [Read Order]

The Supreme Court of India urged the Reserve Bank of India (RBI) to develop a new performance of Cheque which includes the purpose of payment so as to avoid misuse of cheques. In the case of Makwana...

Chhattisgarh HC upholds Increased Rates of Development Cess and Environmental Cess on Land used for Mining [Read Judgment]

The Chhattisgarh High Court has upheld the increased rates of development cess and environmental cess on land covered used for mining as per the amendment introduced to the Chattisgarh (Adhosanrachna...

Licensing Services - AAR - Mining Licences - Taxscan

Penalty can’t be levied for Genuine Omissions in Income Tax Returns: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that genuine omissions must be excluded from the levy of penalty under section 271 (1)(a) of the Income Tax Act, 1961. During the...

ITAT quashes Re-Assessment Proceedings against PwC [Read Order]

In a Relief to Price Waterhouse & Co ( PwC ), the Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has quashed the re-assessment and held that in order to reopen the assessment by the...

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