Income Tax Dept Fails to Prove Charges Against CA alleged of Facilitating Bogus Companies for Tax Evasion: ICAI Finds CA Not Guilty of Professional Misconduct
The Board of Discipline of the Institute of Chartered Accountants of India ( ICAI ) observed that the income tax department was unable to provide...
![Expired GST E-Way Bill Pre-Detention, No Intention to Evade Tax: Allahabad HC orders Refund of Tax and Penalty Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/GST-E-Way-Bill-Pre-Detention-Evade-Tax-Allahabad-HC-Refund-of-Tax-Penalty-Amount-taxscan.jpg "Expired GST E-Way Bill Pre-Detention, No Intention to Evade Tax: Allahabad HC orders Refund of Tax and Penalty Amount [Read Order]")
Kerala Allocates 16.8 Crores in Budget for State GST Dept for Awareness Campaigns and Infrastructure Development
The Kerala State Budget 2024 has allotted 16.8 Crores in Budget for State Goods and Services Tax ( GST ) Department for Awareness Campaigns and Infrastructure Development. The Finance Minister...
Penalties should be Reserved for Cases where Intentional Act to Defraud Tax System is Evident: Allahabad HC [Read Order]
In a recent decision, the Allahabad High Court observed that penalties should be reserved for cases where intentional act to defraud tax system is evident. Show Cause Notice was issued to the...
Kerala's Biggest Ponzi Investment Fraud: ED opposes Bail for Highrich Group MD and CEO in Kerala HC, Anticipatory Bail Hearing on Friday
The ED, in its counter affidavit opposing a bail petition by Highrich MD Kolatt Dasan Prathapan and Sreena Prathapan, revealed that a preliminary investigation indicated that the accused were...
Tax implications and neutrality of transaction play a pivotal role in determining applicability of Section 40A (2) (a) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that tax implications and neutrality of transaction play a pivotal role in determining applicability of under Section 40A(2)(a)...
![Tax implications and neutrality of transaction play a pivotal role in determining applicability of Section 40A (2) (a) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-mumbai-Tax-Implications-in-Transactions-ITAT-Ruling-on-Tax-Neutrality-Taxation-of-Financial-Transactions-taxscan.jpg "Tax implications and neutrality of transaction play a pivotal role in determining applicability of Section 40A (2) (a) of Income Tax Act: ITAT [Read Order]")
Income Tax Notices issued to Insurers' intermediaries under Benami Law for suspected Fund routing violations
In the wake of confrontations with income and service tax authorities last year, insurers and their agents are now facing the implications of the stringent benami law. In the past week, several...
Ex Parte Assessment Order passed regarding Bogus Purchases: ITAT directs re adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, directed readjudication on account of an ex parte assessment order regarding the bogus purchases. After filing the return of income, the...
![Ex Parte Assessment Order passed regarding Bogus Purchases: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-directs-readjudication-Assessment-Order-TAXSCAN.jpg "Ex Parte Assessment Order passed regarding Bogus Purchases: ITAT directs re adjudication [Read Order]")
