New Draft to amend Chartered Accountants Regulations, 1988: Substitutes Form 1 and Inserts Form 1A under Schedule A [Read Notification]
The Institute of Chartered Accountants of India (ICAI) has released a draft of proposed amendments to the Chartered Accountants Regulations, 1988,...
![Investigation Initiated against Non-disclosure of PAN number and TDS for Registration of Sale Deed : SC disallows Anticipatory Bail filed u/s 438 of CrPC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Investigation-Initiated-against-Non-disclosure-of-PAN-number-and-TDS-Non-disclosure-of-PAN-Registration-of-Sale-Deed-SC-disallows-Anticipatory-Bail-taxscan.jpg "Investigation Initiated against Non-disclosure of PAN number and TDS for Registration of Sale Deed : SC disallows Anticipatory Bail filed u/s 438 of CrPC [Read Order]")
![CESTAT Quashes order of Rejection of CENVAT Credit on Invoices due to Non-falling of Service Rendered within Ambit of Rule 2(l) of CENVAT Credit Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-Rejection-CENVAT-Credit-Invoices-Non-falling-Service-Rendered-Ambit-CENVAT-Credit-Rules-TAXSCAN.jpg "CESTAT Quashes order of Rejection of CENVAT Credit on Invoices due to Non-falling of Service Rendered within Ambit of Rule 2(l) of CENVAT Credit Rules [Read Order]")
Pan-Aadhar Link Update: Income Tax to consider cases where Fee payment and consent for linking received but Linking not done till 30th June
The Income Tax Department mandated the PAN-Aadhar linking with a fine of Rs 1,000by June 30th 2023. However, the same penalty is not applicable to the PAN holders who took the PAN cards on or after...
AAR Mandates Merger process for Transfer of Unutilised ITC in Electronic Credit Ledger across distinct GSTINs with same PAN, Disallows transfer in absence of Merger [Read Order]
The Authority for Advance Ruling (AAR), Chhattisgarh has held that the unutilised balance of Input Tax Credit (ITC) lying in the Electronic Credit Ledger (E-Credit Ledger) can be transferred on the...
![AAR Mandates Merger process for Transfer of Unutilised ITC in Electronic Credit Ledger across distinct GSTINs with same PAN, Disallows transfer in absence of Merger [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/AAR-Merger-process-Transfer-of-Unutilised-ITC-ITC-Electronic-Credit-Ledger-GSTINs-PAN-taxscan.jpg "AAR Mandates Merger process for Transfer of Unutilised ITC in Electronic Credit Ledger across distinct GSTINs with same PAN, Disallows transfer in absence of Merger [Read Order]")
Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that mere citing of different Permanent Account Number (PAN) by the assessee and assessee officer could not be a ground for dismissal...
![Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mere-Citing-Different-PAN-Assessee-Assessing-Officer-Ground-Dismissal-Appeal-ITAT.jpg "Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]")
DGGI Probe against Racket involving 539 Fake Entities and bogus ITC Claim of Rs. 1,124.66 crores: Arrests Key Operative Person
The Gurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) has discovered a significant fraudulent input tax credit (ITC) scam involving 539 fictitious firms that distributed bogus...
