MCA Imposes Penalty on Company and Directors for Loan Default and Violation of Section 180(1)(c)
In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, the...
![Violation of Section 149(4) of Companies Act: MCA imposes Rs. 7 lakh Penalty on Company & Directors [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/MCA-PENALTY-Companies-Act-TAXSCAN.jpg "Violation of Section 149(4) of Companies Act: MCA imposes Rs. 7 lakh Penalty on Company & Directors [Read Order]")
![Karnataka HC to Decide GST Classification for Donuts and Bakery Products, Stays Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/dounts-GST-Karnataka-TAXSCAN.jpg "Karnataka HC to Decide GST Classification for Donuts and Bakery Products, Stays Demand [Read Order]")
![Detention of Goods for Export under Suspicion: CESTAT Rules No Basis for Seizure or Confiscation, Orders Release [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Export-of-goods-site-img.jpg "Detention of Goods for Export under Suspicion: CESTAT Rules No Basis for Seizure or Confiscation, Orders Release [Read Order]")
CESTAT Reduces Personal Penalty to ₹2 Lakhs Based on Voluntary Offer and Revised Duty Assessment [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) Mumbai Bench, reduced a personal penalty from ₹5 lakhs to ₹2 lakhs based on the assessee’s voluntary offer and revised duty...
![CESTAT Reduces Personal Penalty to ₹2 Lakhs Based on Voluntary Offer and Revised Duty Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Penalty-Revised-Duty-Assessment-Based-on-Voluntary-Offer-taxscan.jpg "CESTAT Reduces Personal Penalty to ₹2 Lakhs Based on Voluntary Offer and Revised Duty Assessment [Read Order]")
GST S. 74 Invoked despite Reversing ITC Voluntarily before Initiation of Audit: Orissa HC to address Jurisdictional Dispute [Read Order]
In a recent ruling, the Orissa High Court to examine the jurisdictional validity of initiating assessment proceedings under Section 74 of the Central Goods and Services Tax ( CGS T) Act, 2017,...
![GST S. 74 Invoked despite Reversing ITC Voluntarily before Initiation of Audit: Orissa HC to address Jurisdictional Dispute [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/gst-site-img.jpg "GST S. 74 Invoked despite Reversing ITC Voluntarily before Initiation of Audit: Orissa HC to address Jurisdictional Dispute [Read Order]")
RBI Amends FEMA Compounding Guidelines: Removes Linkage to Past Orders, Adds New Payment Reconciliation Requirements [Read Circular]
The Reserve Bank of India (RBI) issued a circular on April 22, 2025, revising the guidelines for compounding of contraventions under the Foreign Exchange Management Act (FEMA), 1999. The circular...
![RBI Amends FEMA Compounding Guidelines: Removes Linkage to Past Orders, Adds New Payment Reconciliation Requirements [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/04/FEMA-3.jpg "RBI Amends FEMA Compounding Guidelines: Removes Linkage to Past Orders, Adds New Payment Reconciliation Requirements [Read Circular]")
![No Income Tax Deduction for Penalty Settlements Under 4 Key Laws: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Deduction-CBDT-Income-Tax-taxscan-1.jpg "No Income Tax Deduction for Penalty Settlements Under 4 Key Laws: CBDT [Read Notification]")
Separate Authorizations Mandatory for Non-Territorial AO of Dealer to Conduct VAT Audit and Assessment: Andhra Pradesh HC [Read Order]
The Andhra Pradesh High Court has held that an officer who is not the territorial Assessing Officer of a dealer must obtain separate authorizations for conducting an audit and for undertaking an...
![Separate Authorizations Mandatory for Non-Territorial AO of Dealer to Conduct VAT Audit and Assessment: Andhra Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/GST-Audit-Assessment-Andhra-Pradesh-High-Court-taxscan.jpg "Separate Authorizations Mandatory for Non-Territorial AO of Dealer to Conduct VAT Audit and Assessment: Andhra Pradesh HC [Read Order]")