Income Tax Penalty cannot be imposed for Claim of Expenditure due to Wrong Professional Advice: ITAT
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax penalty under section 271(1) of the Income Tax Act, 1961...
Place of Removal is Premises of the Buyer to avail Cenvat Credit on Outward Transport: CESTAT [Read Order]
The CESTAT, Delhi bench has held that the place of removal for the purpose of availaingcenvatcrediot on outward transport is the premises of the buyer under the amended provision in Rule 2(l) of the...
![Place of Removal is Premises of the Buyer to avail Cenvat Credit on Outward Transport: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Premises-Buyer-Cenvat-Credit-Outward-Transport-taxscan.jpeg "Place of Removal is Premises of the Buyer to avail Cenvat Credit on Outward Transport: CESTAT [Read Order]")
Gujarat High Court directs GST Dept to Recall Cancellation of Registration Due to Mistake by Chartered Accountant [Read Order]
A division bench of the Gujarat High Court has directed the GST department to recall the order for cancellation of GST registration as the default on the part of the assessee was due to the mistake...
![Gujarat High Court directs GST Dept to Recall Cancellation of Registration Due to Mistake by Chartered Accountant [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Gujarat-High-Court-GST-GST-department-Cancellation-Registration-Mistake-Chartered-Accountant-Taxscan.jpeg "Gujarat High Court directs GST Dept to Recall Cancellation of Registration Due to Mistake by Chartered Accountant [Read Order]")
ICAI finds Chartered Accountant guilty of Professional Misconduct for taking Tax Audit Assignment without Communicating to Previous Auditor [Read Order]
The Institute Chartered Accountants of India( ICAI ) has found a Chartered Accountant (CA) guilty of Professional Misconduct for taking Tax Audit Assignment without Communicating to Previous...
![ICAI finds Chartered Accountant guilty of Professional Misconduct for taking Tax Audit Assignment without Communicating to Previous Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Tax-Audit-Report-ICAI-Chartered-Accountant-guilty-Tax-Audit-Assignment-Previous-Auditor.jpeg "ICAI finds Chartered Accountant guilty of Professional Misconduct for taking Tax Audit Assignment without Communicating to Previous Auditor [Read Order]")
Appeal dismissed on ground of Delay of 252 Days without asking Reasons: ITAT directs NFAC to Re-consider [Read Order]
In an assessee-favoring ruling, the Income Tax Appellate Tribunal (ITAT) Chandigarh bench has directed the National Faceless Appeal Centre, (NFAC) to re-adjudicate the appeal on merits since the...
![Appeal dismissed on ground of Delay of 252 Days without asking Reasons: ITAT directs NFAC to Re-consider [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Appeal-Delay-ITAT-NFAC-Re-consider-Taxscan.jpg "Appeal dismissed on ground of Delay of 252 Days without asking Reasons: ITAT directs NFAC to Re-consider [Read Order]")
Petition filed before Madras HC challenging Validity of S. 230 Scheme Process for Corporate Debtors undergoing Liquidation Proceedings [Read Petition]
A writ petition has been filed before the Madras High Court challenging the validity of section 230 of the Companies Act, 2013 read with Regulation 2B of IBBI (Liquidation Process) scheme process for...
![Petition filed before Madras HC challenging Validity of S. 230 Scheme Process for Corporate Debtors undergoing Liquidation Proceedings [Read Petition]](https://www.taxscan.in/wp-content/uploads/2022/03/Madras-HC-Scheme-Process-Corporate-Debtors-Liquidation-Proceedings-taxscan.jpeg "Petition filed before Madras HC challenging Validity of S. 230 Scheme Process for Corporate Debtors undergoing Liquidation Proceedings [Read Petition]")