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![ITAT deletes Income Tax Penalty on Air India Subsidiary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/ITAT-Income-Tax-Penalty-Income-Tax-Penalty-Air-India-Subsidiary-Taxscan.jpg "ITAT deletes Income Tax Penalty on Air India Subsidiary [Read Order]")
ITAT deletes Income Tax Penalty on Air India Subsidiary [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted the penalty under section 271B of the Income Tax Act, 1961 against Air India...
![GST System prone to ITC frauds due to complexity in compliance system, says CAG Report [Read Report]](https://www.taxscan.in/wp-content/uploads/2021/03/GST-System-GST-ITC-frauds-compliance-system-CAG-Report-Taxscan.jpeg "GST System prone to ITC frauds due to complexity in compliance system, says CAG Report [Read Report]")
CERA Audit can’t be extended to call for audit of a private entity: Bombay High Court quashes notice against Kiran Gems [Read Judgment]
The Bombay High court quashed the notice issued by Superintendent, CGST, intimating that petitioner’s case has been selected for scrutiny or audit for the period January 2019 to March 2019 and to...
![CERA Audit can’t be extended to call for audit of a private entity: Bombay High Court quashes notice against Kiran Gems [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/CERA-audit-audit-Bombay-High-court-Kiran-Gems-Taxscan.jpeg "CERA Audit can’t be extended to call for audit of a private entity: Bombay High Court quashes notice against Kiran Gems [Read Judgment]")
![CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/09/CAG-CBDT-Taxscan.jpg "CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]")
Central Govt violated GST Compensation Cess Act by using Funds allocated for States elsewhere, says CAG Report [Read Report]
The Comptroller and Auditor General of India (CAG) has come down on the utilization of cess collections by the Centre. The report further questioned the utilization of Integrated Goods and...
![Central Govt violated GST Compensation Cess Act by using Funds allocated for States elsewhere, says CAG Report [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/09/GST-CAG-GST-Compensation-Cess-Act-GST-Compensation-Taxscan.jpg "Central Govt violated GST Compensation Cess Act by using Funds allocated for States elsewhere, says CAG Report [Read Report]")
