ICAI Reprimands CA with Fine for Non-Communication with Previous Auditor before Accepting Appointment
The Institute of Chartered Accountants of India reprimands Chartered Accountants (CA) with a fine for non-communication with the previous auditor...
![SCN being vague and no relevance for denial of NOC: CESTAT sets aside revocation of Customs Broker License [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/SCN-NOC-CESTAT-revocation-Customs-Broker-License-Customs-Excise-Service-Tax-Taxscan.jpg "SCN being vague and no relevance for denial of NOC: CESTAT sets aside revocation of Customs Broker License [Read Order]")
![‘NOC’ not required to be obtained from Drug Inspector and Free to Export Drugs, Penalty under Customs Act not imposable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/NOC-Drug-Export-Drugs-Penalty-Customs-Act-CESTAT-TAXSCAN.jpg "‘NOC’ not required to be obtained from Drug Inspector and Free to Export Drugs, Penalty under Customs Act not imposable: CESTAT [Read Order]")
![Motor Vehicle Tax difference is not a ground to deny BH series Registration to Vehicle: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Motor-Vehicle-Tax-Motor-Vehicle-Tax-difference-BH-series-Registration-Vehicle-Registration-to-Vehicle-Karnataka-Highcourt-taxscan-1.jpg "Motor Vehicle Tax difference is not a ground to deny BH series Registration to Vehicle: Karnataka HC [Read Order]")
No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), ruled that No requirement of consent of secured creditors for Amalgamation when Net Worth of transferor and transferee is...
![No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Consent-of-Secured-Creditors-Amalgamation-Transferor-Net-Worth-of-Transferor-Transferee-NCLAT-taxscan.jpg "No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]")
Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 cannot be denied on the sole ground that the amount...
![Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Exemption-CG-Account-Purchase-NOC-ITAT-taxscan.jpeg "Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]")
Bank can’t refuse NOC and Title Deed once after clearing the Charge over Property through Sale Agreement with the Third-party: Gujarat HC [Read Order]
The Gujarat High Court has held that once the bank agrees to sell a property mortgaged with it by a loan defaulter and a third party pays full consideration through a sale agreement, then the Bank...
![Bank can’t refuse NOC and Title Deed once after clearing the Charge over Property through Sale Agreement with the Third-party: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Bank-NOC-title-deed-property-sale-agreement-Third-party-Madras-HC-taxscan.jpg "Bank can’t refuse NOC and Title Deed once after clearing the Charge over Property through Sale Agreement with the Third-party: Gujarat HC [Read Order]")
No Penalty since NOC from Competent Authority under the Drugs and Cosmetics Act was accompanied for Import of Assorted Deodorant: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that penalty cannot be imposed for the import of Assorted Deodorant to the notified port along with a...
![No Penalty since NOC from Competent Authority under the Drugs and Cosmetics Act was accompanied for Import of Assorted Deodorant: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Penalty-Competent-Authority-Drugs-and-Cosmetics-Act-Import-of-Assorted-Deodorant-CESTAT-Taxscan.jpeg "No Penalty since NOC from Competent Authority under the Drugs and Cosmetics Act was accompanied for Import of Assorted Deodorant: CESTAT [Read Order]")
5% GST leviable on Ammonium Sulphate supplied for direct use as Fertilizers or used in Manufacturing of Complex Fertilizers for Agricultural Use: AAR [Read Order]
The Gujarat Authority of Advance Ruling (AAR) ruled that 5% GST is leviable on Ammonium Sulphate supplied for direct use as fertilizers or used in manufacturing of complex fertilizers for...
![5% GST leviable on Ammonium Sulphate supplied for direct use as Fertilizers or used in Manufacturing of Complex Fertilizers for Agricultural Use: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/GST-Ammonium-Sulphate-fertilizers-AAR-taxscan.jpeg "5% GST leviable on Ammonium Sulphate supplied for direct use as Fertilizers or used in Manufacturing of Complex Fertilizers for Agricultural Use: AAR [Read Order]")
CBIC extends Validity of NOC issued for Alcoholic Beverages Bottled in Origin & in Bulk [Read Notification]
The Central Board of Indirect taxes and Customs (CBIC) has notified the extension Validity of NOC issued for alcoholic beverages bottled in origin & in bulk under section 16 (5) of the Food...
![CBIC extends Validity of NOC issued for Alcoholic Beverages Bottled in Origin & in Bulk [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/11/9d834b9d-d642-4012-822b-b97baa6213a1.jpg "CBIC extends Validity of NOC issued for Alcoholic Beverages Bottled in Origin & in Bulk [Read Notification]")
Live Animals to Undergo COVID-19 testing before imported to India, instructs CBIC [Read Instructions]
The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday notified the requirement of COVID-19 testing in live animals before importing into India. The Board has issued the notification...
![Live Animals to Undergo COVID-19 testing before imported to India, instructs CBIC [Read Instructions]](https://www.taxscan.in/wp-content/uploads/2021/06/Live-Animals-COVID-19-testing-CBIC-Taxscan.jpg "Live Animals to Undergo COVID-19 testing before imported to India, instructs CBIC [Read Instructions]")