January 16, 2025Arpit KulshresthaIncome Tax News and Articles, Taxes in India 2 Minutes Read The taxpayer’s plea was dismissed by the Kolkata Bench of Income Tax Appellate Tribunal (ITAT) for the penalty imposed u/s 271(1)(c) of the Income Tax Act,1961 for Assessment Year 2013-1...
Earlier this week, Applewas slapped with a record$14.5 billion tax penalty by the European Commission on Tuesday for its agreements with Ireland. After a few days of deliberation, the country will back Apple and appeal the ruling. But it’ll face a tough opponent in the Commission, whose pr...
never a need for extension, never a penalty, never an audit (or reason to be audited). So, I was pretty shocked when I received a “CP14 notice” from the IRS, alleging that I had a penalty due to a dishonored payment.
The appeals need to be made in prescribed forms along with the required fees. The fee will be – The full amount of tax, interest, fine, fee and penalty arising from the challenged order, as admitted by the appellant, AND –10% of the disputed amount. ...
On the abovementioned date, I was surprised to find that I had been given a penalty charge notice regardless of having paid for a parking and ticket. I did consult the parking attendant who assured me that I could park the car upon making a payment. ...
Adjudication of Disputes:The Adjudicating Authority is responsible for resolving disputes related to GST, including disputes related to the payment of tax, interest, penalty, and other dues. Power of Summons:The Adjudicating Authority has the power to summon and enforce the attendance of any person...
(xvii) where the appeal unit intends to enhance an assessment or a penalty or reduce the amount of refund, – (a) the appeal unit shall prepare a show-cause notice containing the reasons for such enhancement or reduction, as the case may be, and send such notice to the National Faceless...
has lodged a notice of objectionorappeal,he/sheis stillrequired to make payment of tax on or before the date specified in the notice of assessment, unless the Commissioner of Inland Revenue (the Commissioner) orders that any payment of tax or any part thereof be heldoverpendingtheresult of ...
He added that Cohen pleaded guilty to campaign finance violations to try to get himself a lighter penalty. Facts First: Trump’s claim that Cohen got into trouble simply because of his non-Trump-related activities, such as those related to taxis and loans, is not true. First, Cohen’s ...
Hindustan Zinc on Friday said that it has received a goods and services tax (GST) notice from the Principal Commissioner, Central Excise & CGST Commissionerate on account of an "interpretational issue". In a regulatory filing, the company said that it has been asked to pay Rs 12.7 crore ...