News

Police busted a Rs. 2.75 crore GST fraud racket operated through 16 shell firms using fake invoices and forged documents to claim bogus input tax credit.

10th-Grade Dropout Woman Masterminds Rs.2.75 Crore GST Fraud Using 16 Shell Firms; Four Arrested

The Income Tax Department is renumbering and consolidating major income tax forms from April 2026 to simplify compliance and reporting.

Tax Made Simple: Major Form Changes and Compliance Updates for 2026

The I-T Dept has warned taxpayers about a surge in fake refund messages and phishing scams, urging people to verify updates only on the official portal.

Government Alert: Your Pending Tax Refund Message Could Be a Scam

Articles

A state-wise inspection revealed that Karnataka had the most deleted transactions, worth Rs 2,000 crore, followed by Telangana with Rs 1,500 crore.

Biryani Billing Scam: I-T Dept Detects Rs 70,000 Crore Hidden Sales Across India

The tax authorities has intensified its data-driven scrutiny of high-earning executives for underreporting income, concealing foreign assets, and claiming bogus exemptions.

Tax Authorities Target Executives Earning Over Rs. 50 Lakh for Underreported Income and Fake Exemptions

Judgement

ITAT quashed the reassessment against the assessee, holding that the Section 148 notice dated June 29, 2022, was time-barred.

ITAT Delhi Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

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