Judgement

The Income Tax Appellate Tribunal deleted a Rs 52 lakh addition made under Sections 68/69A after finding that the alleged bank accounts were actually fixed deposit accounts where cash deposits were not possible. The Tribunal held that the Assessing Officer made the addition without proper verification of bank records.

ITAT Ahmedabad Deletes Rs 52 Lakh Addition based on information received through Insight Portal

Steam-cured AAC blocks held classifiable as cement concrete building materials under GST framework.

Autoclaved AAC Blocks Classified as Cement Concrete Building Products Under GST

Institutional catering contracts cannot claim concessional restaurant service GST rate, clarifies AAAR.

Food Supply at Client Premises Taxable as Outdoor Catering Service

News

The Government has discontinued the medium- and Long-Term components of the Gold Monetisation Scheme from March 26, 2025, while retaining the Short-Term Bank Deposit facility under RBI guidelines.

Govt to Discontinue MLTGD Categories under Gold Monetisation Scheme Effective March 2025

Orissa High Court declines GST writ petition citing availability of statutory appellate remedy under Section 107.

HC Refuses Writ Against GST Demand Citing Alternate Remedy

The Registrar of Companies, Chennai, imposed penalties on Thirumalai Thirumal Nidhi Limited and its officer for delayed filing of Form MGT-14 under the Companies Act, 2013.

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ITAT Ahmedabad Deletes Rs 52 Lakh Addition based on information received through Insight Portal

Autoclaved AAC Blocks Classified as Cement Concrete Building Products Under GST

Food Supply at Client Premises Taxable as Outdoor Catering Service

Govt to Discontinue MLTGD Categories under Gold Monetisation Scheme Effective March 2025

HC Refuses Writ Against GST Demand Citing Alternate Remedy

ROC Chennai Orders Penalty for delay in filing MGT-17: Short Staff no Excuse