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Direct Tax
No Interest Disallowance When Sufficient Interest-Free Funds Exist Despite Partners’ Drawings: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an interest...
Indirect Taxes
Company Not Required To Reverse 6% Cenvat Credit On Clearance Of Used Packing Materials: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad, has ruled that the...
Indirect Taxes
Successor Unit Not Entitled to SSI Exemption When Factory Had Crossed Turnover Limit in Prior Year: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench, has held that...
Indirect Taxes
CESTAT Remands Dispute on Proportionate Cenvat Credit on Pre-Tax Insurance Services Availed by Reliance Industries
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench, has remanded a...
Direct Tax
Delhi HC Upholds Prospective Application of Finance Act 2022 Amendment to Section 14A, Limits Disallowance to Exempt Income Earned
The Delhi High Court has held that the amendment introduced to Section 14A of...
Direct Tax
S. 153C Assessments Invalid as AO’s Satisfaction Note Fails to Show Seized Material had “bearing on determination of total income”: ITAT
The Delhi Bench ‘G’ of the Income Tax Appellate Tribunal (ITAT) has quashed assessments...
GST
DGGI Uncovers Rs. 78 Crore GST Fraud Through Fake ITC Network
The Directorate General of GST Intelligence (DGGI), Ahmedabad Zonal Unit, has unearthed a large-scale...
Other Laws
24 Hour Period To Produce Before Nearest Magistrate Doesn’t Start From Temporary Restraint During Search And Seizure: Orissa High Court
The Orissa High Court has held that a 24 hour period to produce before...
Direct Tax
AY 2013–14 Falls Outside Section 153C Six-Year Window From Date of Handing Over Seized Documents: Delhi High Court
The Delhi High Court has dismissed an appeal filed by the Principal Commissioner of...
GST
State Reimbursement Scheme Clause Blocking ITC: Gauhati HC Stays GST SCN Against Patanjali
The Gauhati High Court has granted interim relief to Patanjali Ayurved Limited by staying...
GST
GST Clearance Certificate Must Be Issued By Dept., Not By CA: Bombay High Court
The Aurangabad Bench of the Bombay High Court has ruled that GST clearance certificate...
Indirect Taxes
No Interest Payable on Confirmed Excise Duty in Revenue-Neutral Situation: Calcutta HC Rejects SAIL’s Refund Claim
The Calcutta High Court has dismissed an appeal filed by the Commissioner of Central...
Latest articles
Notification
GST Liability Shift to Property Owners for Event-Based Tax Evasion: Goa Mandates Pre-Event Disclosure to Prevent Revenue Leakage
The Government of Goa has issued a detailed order mandating property owners to furnish...
Notification
DGFT Unveils Rs. 497 Crore ‘RELIEF’ Scheme to Cushion Exporters Against Gulf–West Asia Shipping Disruptions
The Directorate General of Foreign Trade (DGFT) has introduced a time-bound support mechanism for...
GST
Composite GST SCN for Multiple Years Held Unsustainable: Kerala High Court
The Kerala High Court has set aside a GST show cause notice (SCN) holding...
Columns
New Income Tax Act, 2025 to Take Effect from April 1, 2026, Introducing Simplified “Tax Year” System
India is set to usher in a major overhaul of its direct tax framework...