Judgement

Income Tax Deduction u/s 54F cannot be denied if construction was in progress and was not complete on time: ITAT

Section 54F deduction cannot be denied if construction was in progress and was not complete on time: ITAT

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The Reserve Bank of India has imposed a monetary penalty of Rs.2.00 lakh on Tripura Gramin Bank for contravention of/non-adherence with the directions issued by RBI.

RBI imposes Monetary Penalty on Tripura Gramin Bank

Recently, GST Department released Model All India GST Audit Manual 2023, where all changes in different areas of GST has been notified. In this manual, return analysis topic also discussed.

GST Automated Return Scrutiny: Mistakes in GST Return that may trigger GST Notice

The Reserve Bank of India (RBI) has imposed a penalty of Rs.2.92 crore on Canara Bank for non-compliance with certain provisions of directions issued by the central bank.

RBI imposed Penalty of 2.9 crore on Canara Bank for this reason

Certain representative selection criteria that can be considered for risk assessment

GST Scrutiny Notice: Criteria on the basis of which your case may be selected for assessment

An automated inspection module to verify GST Returns was launched by CBIC last week, which might result in assessees receiving notices if there are mismatch between different types of tax returns.

GST Return Mismatch reports triggering GST Scrutiny Notice

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