News

India has withdrawn the special tax benefit for banks importing gold, silver and platinum, making them liable to pay 3% IGST to ensure tax parity across different import routes.

India Withdraws Tax Benefits for Banks on Gold, Silver and Platinum Imports

Judgement

The ITAT held that mere difference between physical and book stock cannot justify search penalty. 


ITAT Deletes Section 271AAA Penalty on Diamond Stock Discrepancy for Failure to Establish Undisclosed Income

Tamil Nadu Police take disciplinary action against five personnel accused of seeking or accepting bribes in different cases.

Five Tamil Nadu Police Personnel Face Disciplinary Action Within a Week Over Allegations of Demanding and Accepting Bribes

GSTAT has issued an SOP detailing the online process for transferring multiple appeals involving identical questions of law between different benches.

GSTAT Issues Standard Operating Procedure for Transfer of Appeals Across Different Benches Through E-Filing Portal

Begusarai Tax Practitioners Association has urged the CBDT to extend the September 30, 2026, tax audit deadline to October 31, citing Bihar floods, portal issues, delayed utilities and compliance difficulties.

Begusarai Tax Practitioners Association Seeks Extension of TAR, Forms 10B/10BB, and ITR Due Dates for AY 2026-27 

MP P.P. Chaudhary has urged Finance Minister to extend the AY 2026-27 Tax Audit Report filing deadline from September 30 to October 31, citing practical and compliance-related difficulties.

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India Withdraws Tax Benefits for Banks on Gold, Silver and Platinum Imports

ITAT Deletes Section 271AAA Penalty on Diamond Stock Discrepancy for Failure to Establish Undisclosed Income

Five Tamil Nadu Police Personnel Face Disciplinary Action Within a Week Over Allegations of Demanding and Accepting Bribes

GSTAT Issues Standard Operating Procedure for Transfer of Appeals Across Different Benches Through E-Filing Portal

Begusarai Tax Practitioners Association Seeks Extension of TAR, Forms 10B/10BB, and ITR Due Dates for AY 2026-27

MP P.P. Chaudhary Urges FM Nirmala Sitharaman to Extend Tax Audit Due Date to October 31