News

Mumbai Income Tax searches linked to Rakul Preet Singh, Vashu Bhagnani and Panorama Studios probe suspected financial irregularities and overseas film-financing transactions.

Rakul Preet Singh, Vashu Bhagnani Face IT Scrutiny as Mumbai Raids Probe Financial Irregularities

Judgement

The Allahabad High Court held GST Department can invoke Section 74A based on Independent Verification.

High Court Holds Section 61 Scrutiny Not Mandatory Before Issuing Section 74A GST Notice

Ola Electric has reversed a Rs 57 crore provision for a PLI-related penalty despite no MHI approval, drawing auditor scrutiny over the accounting treatment.

Ola Electric Subsidiary Reverses Rs 57 Crore Penalty Provision After Missing an Investment Milestone under PLI Scheme 

ITAT quashed the assessment order after holding that the failure to issue a mandatory notice under Section 143(2) within the prescribed time limit rendered the entire scrutiny assessment invalid.

ITAT Invalidates Entire Assessment Proceedings Over Failure to Issue Mandatory Section 143(2) Notice Within Prescribed Time Limited

The Rajasthan Commercial Taxes Department has issued revised guidelines for scrutiny of returns under Section 61 of the RGST Act, 2017. 

Rajasthan Commercial Taxes Department Issues New Guidelines for GST Return Scrutiny Under Section 61 of RGST Act, 2017

Reassessment set aside as issues were already scrutinized and no fresh material existed for reopening.

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Rakul Preet Singh, Vashu Bhagnani Face IT Scrutiny as Mumbai Raids Probe Financial Irregularities

High Court Holds Section 61 Scrutiny Not Mandatory Before Issuing Section 74A GST Notice

Ola Electric Subsidiary Reverses Rs 57 Crore Penalty Provision After Missing an Investment Milestone under PLI Scheme

ITAT Invalidates Entire Assessment Proceedings Over Failure to Issue Mandatory Section 143(2) Notice Within Prescribed Time Limited

Rajasthan Commercial Taxes Department Issues New Guidelines for GST Return Scrutiny Under Section 61 of RGST Act, 2017

High Court Quashes Reassessment Based on Mere Change of Opinion After Scrutiny