On top of the higher tax rate, the department can levy penalties under Section 270A and Section 271AAC. These are calculated on the additional tax assessed: Under Section 270A (for under-reporting or ...

However, the Assessing Officer initiated penalty proceedings under Section 271(1)(c) for allegedly furnishing inaccurate ...

Delhi High Court held that Rule 16 of the Drawback Rules does not prescribe any limitation especially when there are strong ...

ITAT Kolkata held that re-assessment proceedings initiated under section 148 of the Income Tax Act without any tangible material and without independent application of mind is not sustainable in law.

(iii) An order passed by punishing authority on behalf of appellate authority by stating the same to have been passed with the approval of appellate authority is impermissible, illegal, nullity, coram ...

India’s Goods and Services Tax (GST) system is constantly improving, with a strong focus on increasing transparency, and making tax compliance easier for taxpayers. One of the latest updates is the ...

Kerala High Court held that penalty under section 117 of the Customs Act cannot be sustained since no reasons are assigned for imposition of the same. Further, since main allegation against employee ...

Delhi High Court has declined to quash an order holding a Chartered Accountant (CA) liable for penalties in a case involving alleged fraudulent duty drawback claims. Yogendra Singh Balyan, the ...

1. (1) These rules may be called the Odisha Goods and Services Tax (Second Amendment) Rules, 2025. (2) Save as otherwise provided in these rules, they shall come into force on the date of their ...

ITAT Surat imposed cost of Rs. 10,000 on the applicant for non-furnishing of requisite details post application for registration filed in Form No.10AB. Accordingly, matter remanded back to the file of ...

It is absolutely rational that while taking the right step in the right direction at the right time, the Delhi High Court while striking the right chord in a most learned, laudable, landmark, logical ...

Telangana High Court held that demand for life tax on used motor vehicle imposed under Telangana State Motor Vehicle Taxation Act, 1963 is valid even when tax was paid on the subject vehicle in ...