News

Redington Ltd secures relief as CIT(A) quashes Rs. 136.25 crore tax demand for AY 2021-22, overturning assessment order raised by Income Tax Department.

Redington Ltd Gets Rs. 136.25 Crore Tax Demand Quashed by CIT(A)

Judgement

The Maharashtra AAR denies GST ITC on the construction of a breakwater wall forming part of an existing jetty, leading to litigation from the AAR and AAAR to the Bombay High Court.

GST ITC on Breakwater Construction Denied Again; Matter Remanded but Ruling Stays Against Konkan LNG

The draft rules, 2026, require employees to inform their relation with the landlord in Form No. 124 when claiming HRA.

New IT Rules 2026: Mandatory Disclosure of 'Relationship with Landlord' for HRA Claims

Orders

ROC Cuttack Imposed Penalty for Non-Compliance with Rule 8(3) in Annual Return Submission

 ROC Cuttack Imposes Penalty for Incorrect AGM Details in MGT-7A Filing

The HC held that the company is entitled to interest on its income tax refund under Section 244A, ruling that such interest cannot be denied unless the delay is clearly attributable to the assessee.

Interest on Income Tax Refund a Legal Right; Denial Permissible Only if Assessee Caused Delay: HC

Press Release

The bank's non-compliance was uncovered during the Statutory Inspection for Supervisory Evaluation (ISE 2025) conducted by the RBI with reference to the bank’s financial position as of March 31, 2025.

RBI Levies Penalty of Rs 38.60 Lakh on UCO Bank Due to Regulatory Non-Compliance

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