Income Tax Evasion In India: What You Need To Know To Avoid Penalties
Under the Income Tax Act, penalties are levied for various defaults committed by a taxpayer. Apart from penalty on defaults…
Tag: Penalty
Vivad Se Vishwas Scheme 2: Centre likely to initiate penalty settlement for pharma firms
The Union government is likely to initiate the settlement of cases initiated by the National Pharmaceutical Pricing Authority (NPPA) for…
Minor discrepancy in the e-way bill would not attract penalty proceedings
The Hon’ble Allahabad High Court in M/s. Varun Beverages Limited. v. State of U.P. and Ors. [Writ Tax No. –…
Demand of tax and penalty for release of goods without mentioning the reasons is unsustainable
The Hon’ble Delhi High Court in Ram Prakash Chauhan v. Commissioner of Delhi (Goods and Service Tax) & Anr. [W.P.(C)…
Circular No. 178/10/2022-GST dated 03.08.22 – GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law –reg.
Circular No. 178/10/2022-GST F. No. 190354/176/2022-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated 03.08.2022…
No Recovery of Central Excise Duty, Interest, and Penalty without serving of Adjudication Order
The Hon’ble Calcutta High Court in the matter of M/s Haldia Petrochemicals Limited v. Assistant Commissioner [W.P. A No. 4249…