Articles

Pharmaceuticals, textiles, footwear, fertilisers, renewable energy and EV sectors may seek relief from accumulated ITC arising from persistent inverted duty structures under GST.

GST Reform: Pharma, Textiles, EVs and Other Sectors Seek Relief from Accumulated ITC

News

The NCLT has adjourned the hearing in the Kalinga Hospital-related petitions involving Max Healthcare and other parties to October 29, 2026.

Max Healthcare Kalinga Hospital Case: NCLT Cuttack Hearing Adjourned to October 29

UP State Tax Department uncovers alleged circular trading and irregular ITC claims by three Lucknow advertising firms, leading to a Rs 2.48 crore tax deposit.

Lucknow Ad Firms Under Scanner Over Alleged Circular Trading, ITC Irregularities

Judgement

ITAT quashes reassessment, holding that an anonymous and unverified TEP cannot justify Section 148 proceedings without independent verification and credible supporting material.

ITAT Strikes Down Reassessment Based on Anonymous TEP, Says AO Must Independently Verify Allegations Before Invoking Section 148

Vigilance raids on a GST Joint Commissioner’s premises in Kochi lead to the seizure of Rs 14.10 lakh in unaccounted cash and $788 amid a disproportionate assets probe.

Vigilance Raids GST Joint Commissioner’s Premises, Seizes Rs 14.10 Lakh Unaccounted Cash

The ITAT deleted an addition of Rs 86.42 lakh made under Section 56(2)(x) of the Income Tax Act concerning four immovable properties.

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GST Reform: Pharma, Textiles, EVs and Other Sectors Seek Relief from Accumulated ITC

Max Healthcare Kalinga Hospital Case: NCLT Cuttack Hearing Adjourned to October 29

Lucknow Ad Firms Under Scanner Over Alleged Circular Trading, ITC Irregularities

ITAT Strikes Down Reassessment Based on Anonymous TEP, Says AO Must Independently Verify Allegations Before Invoking Section 148

Vigilance Raids GST Joint Commissioner’s Premises, Seizes Rs 14.10 Lakh Unaccounted Cash

ITAT Holds Stamp Duty Value Cannot Replace Purchase Consideration Without DVO Report