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SEBI has amended the process for drafting, amending, and reviewing securities regulations, mandating public consultation. This change aims to enhance transparency and stakeholder…
The Delhi High Court set aside a judgment of the Central Administrative Tribunal CAT , stating that courts must examine judgments of acquittal holistically to arrive at a…
The CBIC has notified Customs Arrival and Movement Regulations for storage and clearance at authorized importer premises. These regulations aim to streamline customs procedures…
The Madras High Court directed the re-credit of CENVAT credit of service tax refund rejected in the GST regime. This decision ensures that taxpayers are not unfairly denied…
The Madras High Court ruled that the procurement of holographic labels from the government for affixing on alcoholic liquor bottles is procurement of goods. This clarifies the…
The Rajasthan High Court directed an appeal to the proper authority regarding a GST Build-Operate-Transfer BOT model construction agreement, light audit reports, and government…
The ITAT condoned the delay and remanded the matter to the CIT A for fresh adjudication to ensure a fair hearing. This decision emphasizes the importance of providing taxpayers…
The ITAT confirmed the extended due date for companies with international transactions and noted that the CPC wrongly disallowed loss carry forward. This decision clarifies the…
The Gauhati High Court has granted interim protection from arrest to YouTuber Ashish Chanchlani in an Assam Police FIR. This provides Chanchlani with temporary relief while the…
The Andhra Pradesh High Court has restricted GST registration for an assessee belonging to another state. This restriction likely relates to specific circumstances or legal…
The Delhi High Court has stated that an educated litigant must keep track of their litigation, and their duty doesn't end merely by signing a lawyer's fee check. This emphasizes…
The ITAT allowed the assessee's appeal, noting that Form 10CCB was filed before the completion of the 143 1 proceedings. This decision clarifies the timing requirements for filing…
A stenographer from the Delhi Trade and Taxes Department was caught taking a bribe, leading to the revocation of a GST suspension. This incident highlights the issue of corruption…
The CESTAT ruled that a service tax demand is not valid when the tax and interest were paid much before issuing the show cause notice SCN . This decision highlights the importance…
The ITAT limited an addition to income despite an increase in net profit, stating that book rejection alone is not sufficient. This clarifies the criteria for making additions to…
The ITAT ruled that mere suspicion cannot be grounds for making an addition to income and deleted the addition. This decision emphasizes the importance of evidence-based…
The Jammu & Kashmir and Ladakh High Court has ruled that an employee cannot alter their date of birth in the service record after five years of submitting their credentials. This…
The Jammu & Kashmir and Ladakh High Court ruled that withdrawing an appointment without holding an inquiry is illegal, even during the probationary period. This protects the…
The ITAT has ruled that the failure to record an opinion on penalty levy is not erroneous or prejudicial to revenues/interest. This decision clarifies the procedural aspects of…
The CBIC has announced the last date for filing manual applications for customs refunds, encouraging online filing. This move promotes digitalization and streamlines the refund…
The Income Tax Department has unearthed crores of undisclosed foreign income and assets through a specialized campaign. This discovery highlights the department's efforts to curb…
The ITAT has ruled that the failure to record an opinion on penalty levy is not erroneous or prejudicial to revenues/interest. This decision clarifies the procedural aspects of…
The ITAT has ordered verification to determine the capital asset status of agricultural land sold beyond municipal limits. This decision highlights the importance of properly…
Elon Musk's dog, Doge, has reportedly demanded access to US tax data maintained by the IRS, prompting a clarification from the White House regarding vested powers. This unusual…
India and Qatar have entered into Memorandums of Understanding MoUs to boost trade, economy, and technology, aligning with Qatar National Vision and "Viksit Bharat." These…
Public sector general insurance firms have reported profits, according to the Finance Ministry. This positive financial performance reflects the improved health of the public…
SEBI has extended the deadline for holding Alternative Investment Funds AIFs investments in dematerialized form. This extension provides AIFs with more time to comply with the…
The Gauhati High Court has granted interim protection from arrest to YouTuber Ashish Chanchlani in an Assam Police FIR. This provides Chanchlani with temporary relief while the…
The ITAT has allowed the amortization of surface rights and upheld mining lease expenditure as a business right. This decision provides clarity on the tax treatment of these…
The ITAT has dismissed an appeal as the assessee failed to justify unexplained cash deposits, emphasizing the burden of proof on the taxpayer. This decision underscores the…
The ITAT has restored the matter concerning the taxability of pre-commencement interest income to the Commissioner of Income Tax Appeals CIT A . This decision indicates that the…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has granted a refund of reversed CENVAT credit as exported exempted goods qualify under Rule V of the CENVAT Credit…
The Income Tax Appellate Tribunal ITAT has remanded a case back, granting the assessee a fresh opportunity for registration. The remand signifies that the ITAT found procedural…
The ITAT has deleted an addition to income as the amount was already declared as business income, and there was no evidence of money laundering. The ITAT's decision highlights the…
The Income Tax Appellate Tribunal ITAT has ruled that the jurisdiction of the Principal Commissioner of Income Tax PCIT cannot be invoked in the absence of any incorrectness or…
The Authority for Advance Ruling AAR has ruled in favor of Hindustan Zinc, stating that Input Tax Credit ITC is not applicable to goods or services received for increasing the…
The Karnataka High Court ruled that TDS Tax Deducted at Source payments made by Facebook and Amazon Web Services for advertisements are not applicable to Urban Ladder Home Decor.…
The ITAT has accepted Diwali holiday delays as a valid explanation for delays in explaining business cash deposits during demonetization. This decision recognizes the practical…
India and Qatar have entered into Memorandums of Understanding MoUs to boost trade, economy, and technology, aligning with Qatar National Vision and "Viksit Bharat." These…
The Karnataka High Court has remanded a case, granting the accused a final opportunity to defend cheque bounce allegations. This decision upholds the principles of natural justice…
The CBIC has introduced "Ekal Anubandh," a single unified multipurpose electronic bond for importers, exporters, and Customs Business Service providers CBS . This initiative aims…
The ITAT has set aside an assessment order on cash deposits during demonetization due to violation of natural justice. The ITAT's decision emphasizes the importance of providing…
SEBI has amended the process for drafting, amending, and reviewing securities regulations, mandating public consultation. This change aims to enhance transparency and stakeholder…
SEBI's appellate authority has clarified that a legal opinion/clarification provided by a Central Public Information Officer CPIO is not considered "information" under the RTI…
Public sector general insurance firms have reported profits, according to the Finance Ministry. This positive financial performance reflects the improved health of the public…
The CBIC has notified Customs Arrival and Movement Regulations for storage and clearance at authorized importer premises. These regulations aim to streamline customs procedures…
The Delhi High Court has quashed the cancellation of GST registration, noting a conflict between the GST show cause notice citing "no business at premises" and the physical…
SEBI has extended the deadline for holding Alternative Investment Funds AIFs investments in dematerialized form. This extension provides AIFs with more time to comply with the…
The Delhi High Court has ruled that cancellation of GST registration based on mere allegations without providing reasoning is invalid. This decision upholds the principles of…
The Andhra Pradesh High Court has restricted GST registration for an assessee belonging to another state. This restriction likely relates to specific circumstances or legal…
SEBI has amended the process for drafting, amending, and reviewing securities regulations, mandating public consultation. This change aims to enhance transparency and stakeholder…
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