News

Bombay High Court condones delay in Form-10 filing for a charitable trust, citing pandemic impact, past compliance, and no mala fide ...
ITAT Delhi grants Tata Teleservices significant tax relief, ruling pre-operative expenses for telecom expansion and customer acquisition costs as revenue ...
Bombay High Court rules against denying Cash Compensatory Scheme benefits for Castor Oil exports, stating a technical test change does not alter the product's nature or ...
Madras High Court held that as per the provisions of Section 22 of Recovery of Debts Due to Banks and Financial Institutions Act, 1993, Debt Recovery Tribunal is not bound by the procedure laid down ...
Gauhati High Court affirms summary notice in Form DRC-01 is not a valid substitute for a formal show cause notice under Section 73(1) of the GST Act, citing a prior judicial ...
Delhi High Court sets aside GST order against Supper Club, citing lack of fair hearing and unaddressed replies. The ruling intertwines with a larger SC review of GST deadline extension notifications ...
ITAT Lucknow quashes Rs. 3.34 Lakh penalty on Mohd Husain, citing lack of fair opportunity by tax authorities and improper notice delivery. Case sent for ...
ITAT Mumbai rules on taxation of unsold real estate inventory for Sabarmati Capital One Ltd., clarifying Section 22 applicability and AO's jurisdiction under Section ...
SEBI's updated Master Circular for Portfolio Managers, effective July 16, 2025, consolidates regulations issued through March 31, 2025, superseding previous guidance for clearer ...
ITAT Lucknow directs re-assessment for Ashok Kumar's petrol pump business, citing denial of natural justice due to exclusive ...
CESTAT Mumbai sets aside a ₹10 lakh penalty on S.A. Dalal & Co., a Customs House Agent, citing lack of investigation and statement ...
ITAT Delhi held penalty u/s 271(1)(c) unsustainable as 54F exemption failed due to builder delay, not taxpayer’s fault. Full ...