ICAI releases Exposure Draft Guidance Note on Tax Audit u/s 44AB of Income Tax Act for A.Y. 2023-24: Invites Comments till 6th Aug 2023
The Institute of Chartered Accountants of India (ICAI) has released the draft guidance note on tax audit under Section 44AB of Income Tax Act, 1961...
![CESTAT Quashes Demand of Service Tax by Commissioner u/s 73(1) of Finance Act on ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-Quashes-Demand-of-Service-Tax-by-Commissioner-Demand-of-Service-Tax-CESTAT-Quashes-Demand-Service-Tax-a-Finance-Act-taxscan.jpg "CESTAT Quashes Demand of Service Tax by Commissioner u/s 73(1) of Finance Act on ground of Limitation [Read Order]")
![CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/CBDT-amends-Form-governing-Trusts-Charitable-institutions-TAXSCAN.jpg "CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]")
Disallowance of Expenditure u/s 40(a)(ia) of Income Tax Act for Non-Deduction of TDS restricted to 30% Considering Curative Nature of Amendment to Finance Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the disallowance of expenditure under Section 40(a)(ia) of the Income Tax Act, 1961 for the non-deduction of Tax Deducted at...
![Disallowance of Expenditure u/s 40(a)(ia) of Income Tax Act for Non-Deduction of TDS restricted to 30% Considering Curative Nature of Amendment to Finance Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-of-Expenditure-Diallowance-Income-Tax-Act-Non-Deduction-TDS-restricted-ITAT-TAXSCAN.jpg "Disallowance of Expenditure u/s 40(a)(ia) of Income Tax Act for Non-Deduction of TDS restricted to 30% Considering Curative Nature of Amendment to Finance Act: ITAT [Read Order]")
Karnataka HC lays down Guidelines to determine Tax Liability on Works Contracts entered into during Pre-GST Period [Read Order]
The Karnataka High Court has issued directions and guidelines to State and Central tax authorities for determination of liability on contracts entered into during the pre-GST regime. The...
![Karnataka HC lays down Guidelines to determine Tax Liability on Works Contracts entered into during Pre-GST Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Karnataka-HC-lays-down-guidelines-to-determine-Tax-liability-on-Works-Contracts-entered-into-during-Pre-GST-Period-TAXSCAN.jpg "Karnataka HC lays down Guidelines to determine Tax Liability on Works Contracts entered into during Pre-GST Period [Read Order]")
Non Service Tax Registration Due to Bonafide Belief of Exemption: CESTAT reduces Penalty u/s 77(1)(a) of Finance Act [Read Order]
The Chennai Bench of Customs, Excise And Service Tax Appellate Tribunal (CESTAT) held that the penalty imposed under section 77(1)(a) of the Finance Act 1994 for non registration of service tax due...
![Non Service Tax Registration Due to Bonafide Belief of Exemption: CESTAT reduces Penalty u/s 77(1)(a) of Finance Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Non-Service-Tax-Registration-Service-Tax-Registration-Service-Tax-CESTAT-reduces-Penalty-CESTAT-Penalty-Finance-Act-taxscan.jpg "Non Service Tax Registration Due to Bonafide Belief of Exemption: CESTAT reduces Penalty u/s 77(1)(a) of Finance Act [Read Order]")
DGFT notifies syncing of ITC (HS) Codes and Import Policy Conditions in line with Finance Act, 2023 and Foreign Trade Policy, 2023 [Read Notification]
The Directorate General of Foreign Trade (DGFT) has notified the revised ITC(HS) Codes and Import Policy Conditions in line with the Finance Act, 2023 and Foreign Trade Policy, 2023. The List of...
ÂSub section (5A) inserted by Amendment of Finance Act,2017 has no Retrospective Effect: Patna HC[Read Order]
A Division Bench of the Patna High Court observed that Sub section (5A) inserted by amendment of Finance Act,2017 has no retrospective effect. The question of law raised in the writ petitions,...
Service Tax Demand and Penalty u/s 78 of Finance Act not valid in Absence of Corroborative Evidence: CESTAT [Read Order]
The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that service tax demand and penalty under section 78 of the Finance Act is not valid in the absence of...
![Service Tax Demand and Penalty u/s 78 of Finance Act not valid in Absence of Corroborative Evidence: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Service-Tax-Service-Tax-Demand-Penalty-Finance-Act-Corroborative-Evidence-CESTAT-Taxscan.jpg "Service Tax Demand and Penalty u/s 78 of Finance Act not valid in Absence of Corroborative Evidence: CESTAT [Read Order]")