Customs dept slaps fine on IndiGo; airline to take appropriate legal measure, ET LegalWorld
Leading airline IndiGo on Wednesday said the customs department has imposed a fine of little over Rs 25 lakh on the company in relation to duty on jet fuel. The fine has been imposed by the Joint Commissioner (Customs), Office of the Commissioner of Customs, Ludhiana. In a regulatory filing, InterGlobe Aviation, the parent of […]
Meka Venkata Satyanarayana, vs Coop. Dept., Rep. By Its Prl. Sec. 4 Ors., on 27 December, 2024
Andhra Pradesh High Court – Amravati Meka Venkata Satyanarayana, vs Coop. Dept., Rep. By Its Prl. Sec. 4 Ors., on 27 December, 2024 1 APHC010091572009 IN THE HIGH COURT OF ANDHRA [3328] PRADESH AT AMARAVATI (Special Original Jurisdiction) FRIDAY ,THE TWENTY SEVENTH DAY OF DECEMBER TWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE SRI JUSTICE […]
Kancha Ilaiah vs Home Dept., Secretariat., And 3 Others on 13 December, 2024
Telangana High Court Kancha Ilaiah vs Home Dept., Secretariat., And 3 Others on 13 December, 2024 Author: G. Radha Rani Bench: G. Radha Rani HONOURABLE Dr. JUSTICE G. RADHA RANI WRIT PETITION Nos.36994, 36998, 37054 and 41207 of 2017 COMMON ORDER: All these writ petitions are disposed of by a common order as the petitioner […]
Bombay HC orders tax dept to allow these taxpayers claiming 87A rebate to file ITR till January 15, 2024, ET LegalWorld
Sometimes you need to fight against the government authorities for your rights rather than keeping your head down and accepting whatever is being imposed. The best example for this analogy should be the recent section 87A tax rebate fiasco, where many taxpayers who filed ITR after July 5, 2024, were denied, despite them being eligible […]
DOMS Industries faces ₹6.07 cr tax demand from Income Tax Dept, ET LegalWorld
The DOMS Industries Limited has received the Notice of Demand and Rectification order from the Assistant Commissioner, Income Tax, Vapi Circle, for Assessment Year 2020-21. The Company has received the Order for demand under Section 154 read with Section 143(3) of the Income Tax Act, 1961, for an amount of ₹ 6,07,83,850 on account of […]
Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept, ET LegalWorld
The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure […]
I-T dept receives 6,500 suggestions on income tax act review, Legal News, ET LegalWorld
The income tax department has received 6,500 suggestions from stakeholders over the past month on review of the Income Tax Act. Finance Minister Nirmala Sitharaman on Monday chaired a meeting on the Budget announcement of a comprehensive review of the Income Tax Act, 1961. The meeting was attended by Revenue Secretary Sanjay Malhotra, Secretary, Central […]
SC admits appeal by Dept of State Tax in Siddheshwar Industries insolvency case, ET LegalWorld
The Supreme Court on Monday admitted an appeal by the Department of State Tax seeking to be treated as a secured creditor in a case related to the corporate insolvency resolution process of debt-ridden Siddheshwar Industries. The department said that tax laws override the Insolvency and Bankruptcy Code 2016, a stand that was rejected by […]
Tax dept invites public suggestions for I-T Act review, ET LegalWorld
The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to simplification of language, litigation reduction, compliance reduction, and obsolete provisions. Pursuant to the Budget announcement by Finance Minister Nirmala Sitharaman for a comprehensive review of the Income-tax Act, 1961, the Central Board of Direct Taxes […]
Forest Dept Imposes 7l Fine On Mnc For Failed Translocation Of Trees, ET LegalWorld
State forest department has issued a notice to a tractor and agri-equipment MNC, imposing a fine of Rs7 lakh for the failed translocation of 14 scheduled trees on its Sanaswadi plant premises. According to the notice issued on Sept 14, the department has decided to impose a fine of Rs50,000 per tree under the Maharashtra […]