![Non-Disclosure of Related Party Transactions in Board Report violates S. 134(3)(h): MCA Imposes ₹4 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/MCA-site-img-1.jpg "Non-Disclosure of Related Party Transactions in Board Report violates S. 134(3)(h): MCA Imposes ₹4 Lakh Penalty [Read Order]")
Non-Disclosure of Related Party Transactions in Board Report violates S. 134(3)(h): MCA Imposes ₹4 Lakh Penalty [Read Order]
The Ministry of Corporate Affairs ( MCA ) has imposed a monetary penalty of ₹4,00,000 on BI Minning (India) Private Limited and its directors in...
![Failure to Affix CIN in Companys Board Report Submitted through E-form 23AC and 23ACA: MCA Fines Company and Directors ₹6,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/MCA-MGT-3-CA-CS-CMA-taxscan.jpg-1.webp "Failure to Affix CIN in Companys Board Report Submitted through E-form 23AC and 23ACA: MCA Fines Company and Directors ₹6,000 [Read Order]")
![Service Tax on Secondment of Employees: CESTAT Limits Demand to Normal Period Citing Absence of Wilful Suppression [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/No-Service-Tax-TDS-Amount-Consideration-of-Paid-Service-IPR-service-Management-Consultancy-service-CESTAT-taxscan-1.jpg "Service Tax on Secondment of Employees: CESTAT Limits Demand to Normal Period Citing Absence of Wilful Suppression [Read Order]")
![Customs Brokers License Revocation Overturned as CESTAT Finds No Evidence of Violation of Regulation 10(k) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Remands-Case-Remands-Case-Remands-Case-AO-for-Fresh-Order-Lack-of-Opportunity-Present-Evidence-Evidence-taxscan.jpg "Customs Brokers License Revocation Overturned as CESTAT Finds No Evidence of Violation of Regulation 10(k) [Read Order]")
High Penalty under Customs Act Imposed on Importer of Rough Marble for Failure to Produce Special Import License: CESTAT reduces Penalty [Read Order]
The Mumbai bench of the Customs, Excise & Service Tax Appellate Tribunal( CESTAT), while allowing the appeal, reduced the high penalty imposed under the Customs Act on the importer of rough...
![High Penalty under Customs Act Imposed on Importer of Rough Marble for Failure to Produce Special Import License: CESTAT reduces Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/penalty-customs-act-taxscan.jpg "High Penalty under Customs Act Imposed on Importer of Rough Marble for Failure to Produce Special Import License: CESTAT reduces Penalty [Read Order]")
Penalty under Income Tax not Imposable for Cash Repayment of Loan on Lender’s Instruction to Curb Interest Escalation: Chhattisgarh HC [Read Order]
The Chhattisgarh High Court has held that the penalty under section 273B of the Income Tax Act, 1961 cannot be imposed for cash repayment of a loan on the lender’s instruction to curb interest...
![Penalty under Income Tax not Imposable for Cash Repayment of Loan on Lender’s Instruction to Curb Interest Escalation: Chhattisgarh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Act-Cash-Transaction-Overview-of-Cash-Transaction-tax-evasion-non-cash-payments-reduce-tax-evasion-Cash-Transaction-Provisions-taxscan.jpg "Penalty under Income Tax not Imposable for Cash Repayment of Loan on Lender’s Instruction to Curb Interest Escalation: Chhattisgarh HC [Read Order]")
GST Demand on ITR-26AS, GSTR-2A Mismatches & ITC Reversal on Credit Notes: Madras HC directs to approach Appellate Forum [Read Order]
Regarding the GST (Goods and Services Tax) demand raised due to mismatches in ITR Form 26AS, discrepancies in Input Tax Credit (ITC) reflected in GST Returns 2A (GSTR-2A), and ITC reversals stemming...
![GST Demand on ITR-26AS, GSTR-2A Mismatches & ITC Reversal on Credit Notes: Madras HC directs to approach Appellate Forum [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/GST-Demand-Non-Taxable-Receipts-Madras-HC-petition-Availability-statutory-remedy-taxscan.jpg "GST Demand on ITR-26AS, GSTR-2A Mismatches & ITC Reversal on Credit Notes: Madras HC directs to approach Appellate Forum [Read Order]")
Cylinders Essential Component for Printing Machine: CESTAT allows Full CENVAT Credit Claim [Read Order]
In a move impacting the manufacturing sector, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai Bench, has allowed full CENVAT credit to M/s Huhtamaki PPL India Ltd. on printing...
![Cylinders Essential Component for Printing Machine: CESTAT allows Full CENVAT Credit Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CENVAT-Credit-Printing-Machine-Cylinders-taxscan.jpg "Cylinders Essential Component for Printing Machine: CESTAT allows Full CENVAT Credit Claim [Read Order]")
Win for Wipro: CESTAT Rules Value Reassessment Unjustified for Free Replacement of Defective Goods [Read Order]
The Bangalore Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) held that the customs department’s reassessment of import value was unjustified, as the consignment imported...
![Win for Wipro: CESTAT Rules Value Reassessment Unjustified for Free Replacement of Defective Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Wipro-Win-for-Wipro-CESTAT-taxscan.jpg "Win for Wipro: CESTAT Rules Value Reassessment Unjustified for Free Replacement of Defective Goods [Read Order]")
Validity of Share Premium Valuation u/s 56(2)(viib): ITAT Deletes AO's Addition, Accepts DCF Method [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) deleted the addition made by the Assessing Officer (AO) under Section 56(2)(viib) of Income Tax Act,1961 regarding the share premium valuation,...
![Validity of Share Premium Valuation u/s 56(2)(viib): ITAT Deletes AOs Addition, Accepts DCF Method [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Income-Addition-Income-Tax-taxscan.jpg "Validity of Share Premium Valuation u/s 56(2)(viib): ITAT Deletes AOs Addition, Accepts DCF Method [Read Order]")
Dispute Amount Paid as Excise Duty Under Protest After Clearance of Goods is Not Covered by Unjust Enrichment: CESTAT [Read Order]
The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has ruled that the contested amount paid as excise duty under protest is not covered by unjust enrichment because it...
![Dispute Amount Paid as Excise Duty Under Protest After Clearance of Goods is Not Covered by Unjust Enrichment: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Clearance-of-Goods-site-img.jpg "Dispute Amount Paid as Excise Duty Under Protest After Clearance of Goods is Not Covered by Unjust Enrichment: CESTAT [Read Order]")