News

Vikran Engineering faces a Rs 83.62 lakh GST demand over alleged excess ITC claim for FY23 and plans to contest the notice.

Vikran Engineering Receives Rs 1.55 Crore GST Notice Including Rs 83.62 Lakh Tax Demand, Interest and Penalty

LG Electronics India has received a Rs 153.57 crore Customs Duty show cause notice alleging non-inclusion of royalty payments in the assessable value of certain imported goods.

DRI Alleges Short Payment of Customs Duty by LG Electronics India; Sends Recovery SCN of Rs 153.57 Crore

CBI arrests key Mahadev betting case accused Abhishek Kumar after his deportation from the UAE, as ED flags a Rs 94,000 crore illegal money trail.

Mahadev Betting Case: CBI Arrests Key Accused Abhishek Kumar After UAE Deportation, ED Flags Rs 94,000 Crore Illegal Money Trail

Judgement

Delhi High Court ruled that GST appeals arising from SCNs issued before October 1, 2025, would follow the pre-deposit provisions applicable on the date of the SCN.

HC Allows Appeal Without 10% Penalty Pre-Deposit, Holds Amended GST Pre-Deposit Provision Cannot Apply Retrospectively

The ITAT Bangalore holds Finance Act 2025 restriction on Section 87A rebate as prospective. 


ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

The ITAT Bangalore held that interest income attributable to business of providing credit facilities cannot be taxed as ‘Income from Other Sources’ .


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Vikran Engineering Receives Rs 1.55 Crore GST Notice Including Rs 83.62 Lakh Tax Demand, Interest and Penalty

DRI Alleges Short Payment of Customs Duty by LG Electronics India; Sends Recovery SCN of Rs 153.57 Crore

Mahadev Betting Case: CBI Arrests Key Accused Abhishek Kumar After UAE Deportation, ED Flags Rs 94,000 Crore Illegal Money Trail

HC Allows Appeal Without 10% Penalty Pre-Deposit, Holds Amended GST Pre-Deposit Provision Cannot Apply Retrospectively

ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction