Notifications

The Ministry of Finance has granted income tax exemption to GNIDA under Section 10(46A)(b) of the Income Tax Act, effective from AY 2024–25.

Greater Noida Industrial Development Authority Notified for Income Tax Exemption

Judgement

The High Court held that the refund of unutilized Input Tax Credit (ITC) is permissible on closure of business.

High Court Allows GST Refund for Unutilized ITC at Time of Closure of Business

News

Max Estates Limited has been asked to pay Rs. 21.13 lakh in tax after the IT Department taxed interest earned on unused project funds.

Max Group subsidiary Faces Rs. 21.13 Lakh Income Tax Demand Over Interest Income from Project Funds

The Delhi HC has quashed a reassessment order issued to KR Pulp &amp; Papers and ruled that the assessing officer cannot use vague reasons to reopen a case.

Reassessment Quashed: Delhi High Court Upholds Full Disclosure in Share Capital Case

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HFCL Limited has received a compound letter from the Income Tax Department. The department has imposed a compounding fee of Rs. 28,976,756 on the company

HFCL to pay TDS Compounding Fee of Rs. 2.89 Crores: Know More

Shree Renuka Sugars Limited, one of the largest exporters of refined sugar from India, has received two penalty orders from the CGST Department.

Shree Renuka Sugars Receives GST Penalty Order for violation of ITC Provisions

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