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Notification
Govt. Denies Link Between Surge in Swiss Bank Funds and Indian Black Money
Indian funds in Swiss banks have reportedly more than tripled in 2024, touching 3.5...
GST
Renewable Energy Devices Attract 12% GST, Clarifies FinMin
The Central Government has clarified that renewable energy devices such as solar panels, biogas...
Notification
Tensions Over NBFC Liquidity Package Led to Internal Rift Within Finance Ministry During Budget Preparation
A behind-the-scenes account of high-level differences within the Finance Ministry during the formulation of...
Indirect Taxes
Bombay Court Grants Anticipatory Bail in Customs Duty Evasion Case Involving 1600 MT of Undervalued Walnut Imports
The Sessions Court for Greater Bombay has granted anticipatory bail to businessman Suresh Vasudev...
Notification
Bribery Allegations Surface Against ED Officials; 11 Cases Reported in 5 Years
The Ministry of Finance has admitted to at least 11 instances in the past...
Notification
Backlog of IBC Cases: 6,988 Cases Pending as of March 2025, Govt Reveals in Rajya Sabha
The Ministry of Corporate Affairs (MCA) has informed the Rajya Sabha that as of...
GST
No GST Hike on Lifesaving Drugs Since April 2025, Govt. Clarifies in Rajya Sabha
The Union Government has denied any increase in Goods and Services Tax (GST) rates...
Notification
89 Lakh Health Insurance Claims Pending in 5 Years; IRDAI Rolls Out Reforms
In a recent submission to the Rajya Sabha, the Ministry of Finance revealed that...
GST
Drunken CGST Clerk Sells Sensitive Tax Files for Rs 5,000
In an astonishing breach of official protocol and data security, a clerk at the...
Notification
Over 10 Lakh MSMEs Go Digital, Says Govt.
In a major boost to the digital empowerment of small businesses, the Government informed...
Notification
Govt. Expands Credit Schemes to Bridge Rs. 80 Lakh Crore MSME Financing Gap
In response to NITI Aayog’s alarming finding that only 19% of credit demand in...
GST
No Proposal to Levy GST on UPI Transactions, Govt. Clarifies in Rajya Sabha
The Central Government has clarified that there is currently no proposal under consideration to...
Latest articles
Direct Tax
ITR Are ‘Personal Information’ Under RTI; Spouse Can’t Seek Disclosure Without Larger Public Interest: Karnataka High Court
The Karnataka High Court has held that income tax returns of an assessee constitute...
Direct Tax
S. 68 Addition on Opening Loan Balances Held Unsustainable: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...
Company & PMLA
Company in Liquidation Can’t Be Revived Solely for Real Estate Development: Bombay High CourtÂ
The Bombay High Court has delivered a detailed ruling examining the scope of Section...
Indirect Taxes
Idle Capacity Compensation Of Installed Production Capacity Not Taxable as ‘Declared Service’ U/S 66E(e) of Finance Act 1994: CESTAT
The Ahmedabad Bench of Customs Excise and Service Tax Appellate Tribunal (CESTAT) has held...