![Setback for FedEx: CESTAT upholds ₹1 Lakh Penalty for Lack of Due Diligence after Red Sandalwood Misdeclared as Copper Wire [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/2090591-setback-for-fedex-fedex-cestat-penalty-lack-of-due-diligence-taxscan.webp "Setback for FedEx: CESTAT upholds ₹1 Lakh Penalty for Lack of Due Diligence after Red Sandalwood Misdeclared as Copper Wire [Read Order]")
Setback for FedEx: CESTAT upholds ₹1 Lakh Penalty for Lack of Due Diligence after Red Sandalwood Misdeclared as Copper Wire [Read Order]
The New Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) upheld a penalty of Rs. 1 lakh against FedEx Express...
![CESTAT Upholds ₹2.39L Service Tax Demand on Legal Consultancy, GTA, Reconciliation & Works Contract; Waives Penalties as Tax Paid Pre-SCN [Read Order]](https://images.taxscan.in/h-upload/2025/09/22/2089621-service-tax-value-addition-service-tax-attract-when-there-is-value-addition-cestat-taxscan.webp "CESTAT Upholds ₹2.39L Service Tax Demand on Legal Consultancy, GTA, Reconciliation & Works Contract; Waives Penalties as Tax Paid Pre-SCN [Read Order]")
![Sole Reliance on Retracted and Untested Statements Impermissible: CESTAT Sets Aside Penalty on Diamond Broker in Overvaluation Case [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/2089042-sole-reliance-statements-impermissible-cestat-taxscan.webp "Sole Reliance on Retracted and Untested Statements Impermissible: CESTAT Sets Aside Penalty on Diamond Broker in Overvaluation Case [Read Order]")
![Violation of Provisions of S. 10(A) of Companies Act: MCA directs to pay penalty imposed within 90 days [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/2089009-violation-of-provisions-companies-act-mca-penalty-taxscan.webp "Violation of Provisions of S. 10(A) of Companies Act: MCA directs to pay penalty imposed within 90 days [Read Order]")
₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held a one-time settlement from Kotak Mahindra Old Life Insurance as capital in nature and fully disclosed, and deleted a penalty of ...
![₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/2087407-penalty-one-time-settlement-itat-capital-in-nature-taxscan.webp "₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]")
Gold Smuggling Penalty on 19-Year-Old Taekwondo Player :Delhi HC Sets Aside ₹2 Lakh Fine Citing Age and Coach’s Influence [Read Order]
The High Court of Delhi, sets aside a ₹2 lakh gold smuggling penalty on a 19-year-old national-level taekwondo player, citing his age and the influence of his coach. Vivek Kumar...
![Gold Smuggling Penalty on 19-Year-Old Taekwondo Player :Delhi HC Sets Aside ₹2 Lakh Fine Citing Age and Coach’s Influence [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/2087385-gold-smuggling-taxscan.webp "Gold Smuggling Penalty on 19-Year-Old Taekwondo Player :Delhi HC Sets Aside ₹2 Lakh Fine Citing Age and Coach’s Influence [Read Order]")
GST on Interest under Annuity Model: AAR Holds Deferred Payment Interest Taxable as Part of Supply Value u/s 15(2)(d) [Read Order]
The Maharashtra bench of the Authority for Advance Ruling (AAR) involved an application by Shenwa Infrastructure Private Limited, seeking clarity on the GST implications of interest received on...
Rejection of Books u/s 145 Does Not Retrospectively Waive Mandatory Obligation to Furnish Audit Report u/s 44AB: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad, held that the rejection of books under Section 145 during assessment proceedings does not retrospectively nullify the obligation to comply with...
![Rejection of Books u/s 145 Does Not Retrospectively Waive Mandatory Obligation to Furnish Audit Report u/s 44AB: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/2083371-itat-hyderabad-tax-audit-report-filing-section-145-rejection-section-44ab-audit.webp "Rejection of Books u/s 145 Does Not Retrospectively Waive Mandatory Obligation to Furnish Audit Report u/s 44AB: ITAT [Read Order]")