Penalty Proceedings initiated for Unexplained Cash Deposit: Kerala HC dismisses Writ Petition [Read Order]
The Kerala High Court dismissed a writ petition on the ground that the penalty proceedings were initiated for unexplained cash deposit. The...
![Kerala HC dismisses Writ Petition to approach Appellate Authority against Assessment Order under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Writ-Petition-Assessment-Order-Appellate-Authority-TAXSCAN.jpg "Kerala HC dismisses Writ Petition to approach Appellate Authority against Assessment Order under Income Tax Act [Read Order]")
![Assessment can be Done based on Transaction Value of goods available at Time of filing of Bill of Entry: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-Assessment-Transaction-Value-goods-taxscan.jpg "Assessment can be Done based on Transaction Value of goods available at Time of filing of Bill of Entry: CESTAT [Read Order]")
Kerala HC directs NFAC to decide Appeal against Demand Notice u/s 147 of Income Tax Act in Time Bound Manner [Read Order]
A Single Bench of Kerala High Court has directed the National Faceless Appeal Centre (NFAC) to decide the appeal against the demand notice under Section 147 of the Income Tax Act 1961, in a time...
![Kerala HC directs NFAC to decide Appeal against Demand Notice u/s 147 of Income Tax Act in Time Bound Manner [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/NFAC-to-decide-Appeal-National-Faceless-Appeal-Centre-Income-Tax-Act-in-Time-Bound-Manner-TAXSCAN.jpg "Kerala HC directs NFAC to decide Appeal against Demand Notice u/s 147 of Income Tax Act in Time Bound Manner [Read Order]")
12 Months Time limit on Filing Application for Compounding Offences: Madras HC strikes down CBDT Circular [Read Order]
The Madras High Court struck down the Central Board of Direct Taxes (CBDT) circular which fixed 12 12-month time limit on filing applications for compounding offences. Jayshree, the petitioner had...
![12 Months Time limit on Filing Application for Compounding Offences: Madras HC strikes down CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Time-limit-Filing-Filing-Application-Offences-CBDT-Circular-CBDT-taxscan.jpg "12 Months Time limit on Filing Application for Compounding Offences: Madras HC strikes down CBDT Circular [Read Order]")
Kerala HC Refuses to Exercise Writ Jurisdiction parallelly when Income Tax Appellate Authority Seized the Recovery Proceedings [Read Order]
The Kerala High Court refused to exercise writ jurisdiction parallelly when the Income Tax Appellate Authority seized the recovery proceedings. M/s Prathibha Traders, the petitioner prayed to...
![Kerala HC Refuses to Exercise Writ Jurisdiction parallelly when Income Tax Appellate Authority Seized the Recovery Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Writ-Jurisdiction-Income-Tax-Appellate-Income-Tax-Appellate-Authority-Seized-Recovery-Proceedings-taxscan.jpg "Kerala HC Refuses to Exercise Writ Jurisdiction parallelly when Income Tax Appellate Authority Seized the Recovery Proceedings [Read Order]")
Attention Taxpayers: File your Updated Income Tax Returns (ITR-U) for A.Y. 2021-2022 before 31st March 2024
The Income tax department has notified the deadline for the filing of the updated Income Tax Returns (ITR-U) for Assessment Year 2021-2022. The income tax department stated in ‘X’, formerly...
Suspicion and Conjecture cannot form a basis for triggering Reassessment Proceedings: Delhi HC quashes Impugned Notice issued u/s 148 [Read Order]
The Delhi High Court has quashed the impugned notice under Section 148 of the Income Tax Act, 1961, and held that the suspicion and conjecture cannot form a basis for triggering the reassessment...
Excess Claim of ITC under CGST: Kerala HC dismisses petition as Assessee Fails to Respond to SCN issued u/s 73(1) of the CGST Act [Read Order]
The Kerala High Court dismissed the petition as the assessee failed to respond to a Show Cause Notice (SCN) issued under section 73(1) of the Central Goods and Service Tax (CGST) Act on the excess...
Income Tax Department unearths Massive Rs. 10,000 Crore Tax Evasion by Online Retailers including Facebook and Instagram
The Income Tax (I-T) department has uncovered a substantial case of tax evasion totaling around Rs 10,000 crore over a span of three years. The alleged evasion involves online retailers conducting...
