News

Ankita Lokhande and Vicky Jain marked their fourth wedding anniversary with a heartfelt message amid ongoing GST action linked to coal firms associated with his family business.

GST Dept. Recovers Rs. 27.5 Crore in Coal Tax Case Linked to Ankita Lokhande and Vicky Jain’s family in Bilaspur

Judgement

The Tribunal deleted the penalty due to the difference in the grounds for initiating the penalty and imposition of the penalty.

Penalty Cannot be Levied on a Ground Different from Initiation: ITAT

There was no misreporting of income and in the absence of details as to which limb of section 270A was attracted and how the ingredient of sub-section (9) of section 270A was satisfied.

ITAT Deletes Section 270A Penalty as AO Fails to Specify Misreporting Limb

ITAT Raipur sets aside ex-parte CIT(A) order for AY 2018-19, remanding case for de novo adjudication, giving assessee a final opportunity to comply.

ITAT Remands Ex-Parte CIT(A) Order for De Novo Adjudication

Articles

ICAI has made it mandatory to disclose previous auditor details and NOC status while generating UDIN on the DigiCA platform.

ICAI Compliance Update: Previous Auditor NOC Now Mandatory in UDIN

The Tribunal noted that purchases were recorded in the books of account if there was no establishment for the discrepancy in stock or inventory.

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GST Dept. Recovers Rs. 27.5 Crore in Coal Tax Case Linked to Ankita Lokhande and Vicky Jain’s family in Bilaspur

Penalty Cannot be Levied on a Ground Different from Initiation: ITAT

ITAT Deletes Section 270A Penalty as AO Fails to Specify Misreporting Limb

ITAT Remands Ex-Parte CIT(A) Order for De Novo Adjudication

ICAI Compliance Update: Previous Auditor NOC Now Mandatory in UDIN

ITAT Delhi Deletes Bogus Purchase Addition Made Under 69 Without Rejecting Books of Accounts