![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]")
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...
![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]](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]")
![Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Penalty-Penalty-Section-270A-Misreporting-without-Proper-Charge-Specification-Invalid-Proper-Charge-Specification-taxscan.jpg "Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]")
![ITAT Dismisses Department’s Appeal, Upholds 5% Bogus Purchase Addition & Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/No-Corroborative-Evidence-Bogus-Purchase-ITAT-Income-Tax-Addition-taxscan.jpg "ITAT Dismisses Department’s Appeal, Upholds 5% Bogus Purchase Addition & Deletes Penalty [Read Order]")
Failure to file Annual Returns for the FY 2020-21: MCA imposes Penalty of Rs. 5.6 Lakhs on Company and Directors [Read Order]
In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 3 directors for...
![Failure to file Annual Returns for the FY 2020-21: MCA imposes Penalty of Rs. 5.6 Lakhs on Company and Directors [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Penalty-taxscan.jpg "Failure to file Annual Returns for the FY 2020-21: MCA imposes Penalty of Rs. 5.6 Lakhs on Company and Directors [Read Order]")
MCA imposes Penalty on Listed Company & Directors for Failure to Appoint a Woman Director since Incorporation
In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 2.85 lakhs has been imposed on the...
Failure to Address Auditor’s Remarks in Director’s Report: MCA imposes Rs. 4.5 Lakhs Penalty on Company and Directors [Read Order]
In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a total penalty of Rs. 4.5 lakhs was imposed on a company...
![Failure to Address Auditor’s Remarks in Director’s Report: MCA imposes Rs. 4.5 Lakhs Penalty on Company and Directors [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Company-and-Directors-PENALTY-MCA-TAXSCAN.jpg "Failure to Address Auditor’s Remarks in Director’s Report: MCA imposes Rs. 4.5 Lakhs Penalty on Company and Directors [Read Order]")
MCA penalizes Company and Directors for Non-Disclosure of Director Changes in Board Report [Read Order]
In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a total penalty of Rs. 3.5 lakhs was imposed on a company...
![MCA penalizes Company and Directors for Non-Disclosure of Director Changes in Board Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Chartered-Accountant-Kerala-HC-citing-Technical-Glitches-MCA-Portal-Taxscan.jpg "MCA penalizes Company and Directors for Non-Disclosure of Director Changes in Board Report [Read Order]")
GST Interest & Penalty Not Applicable on Reversed ITCÂ Never Availed or Utilised from Date of Claim of ITC in ECRL: Madras HC [Read Order]
The Madras High Court, in its recent ruling, favoured in favour of petitioner, ruling that the interest and penalty should not be imposed on the reversed input tax credit ( ITC ) under GST (Goods and...
![GST Interest & Penalty Not Applicable on Reversed ITCÂ Never Availed or Utilised from Date of Claim of ITC in ECRL: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/REVERSED-ITC-GST-Interest-Penalty-TAXSCAN.jpg "GST Interest & Penalty Not Applicable on Reversed ITCÂ Never Availed or Utilised from Date of Claim of ITC in ECRL: Madras HC [Read Order]")
GST Authorities Must Draw Samples Before Concluding Goods Misrepresented: Allahabad HC Quashes Detention Order [Read Order]
The GST (Goods and Services Tax) authorities must draw samples before concluding the goods were misrepresented, ruled the Allahabad High Court quashing the detention order. The court noted that the...
![GST Authorities Must Draw Samples Before Concluding Goods Misrepresented: Allahabad HC Quashes Detention Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Detention-Order.jpg "GST Authorities Must Draw Samples Before Concluding Goods Misrepresented: Allahabad HC Quashes Detention Order [Read Order]")