News

A Lucknow CBI Court convicted two postal officials in a bribery case involving demands for illegal payments on recurring deposit transactions, sentencing them to three years and six months of imprisonment, respectively.

CBI Court Convicts and Sentences Two Postal Officials in Bribery Case Involving Recurring Deposit Accounts

NPCI has announced MDR charges on select UPI merchant transactions after Diwali, with the implementation date and further details to be announced soon.

Big UPI Update: NPCI to Introduce Merchant Discount Rate Charges on Certain Person-to-Merchant Transactions After Diwali

The 57th GST Council proposed RCM on specified waste and scrap supplies and 2% TDS on B2B transactions to improve tax compliance and transparency.

57th GST Council Meeting 2026: New GST Rules Proposed for Waste and Scrap Under RCM and 2% TDS

Judgement

ITAT deleted Section 68 addition after finding that the assessee had sufficiently established the lender’s identity, creditworthiness and genuineness of the loan transaction.

ITAT Deletes Rs 2.67 Crore Section 68 Addition, Rejects Retrospective Source-of-Source Requirement

Income Tax officials from Lucknow and Gorakhpur surveyed Maharajganj Municipal Cooperative Bank, scrutinizing accounts, transactions, loans and tax records for possible irregularities.

Income Tax Officials Conduct Survey at Maharajganj Municipal Cooperative Bank, Examine Large Accounts, Loans and Suspicious Transactions

IIFL Capital Services has been fined Rs 2.05 lakh by MCX over certain abnormal and non-genuine client transactions.

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CBI Court Convicts and Sentences Two Postal Officials in Bribery Case Involving Recurring Deposit Accounts

Big UPI Update: NPCI to Introduce Merchant Discount Rate Charges on Certain Person-to-Merchant Transactions After Diwali

57th GST Council Meeting 2026: New GST Rules Proposed for Waste and Scrap Under RCM and 2% TDS

ITAT Deletes Rs 2.67 Crore Section 68 Addition, Rejects Retrospective Source-of-Source Requirement

Income Tax Officials Conduct Survey at Maharajganj Municipal Cooperative Bank, Examine Large Accounts, Loans and Suspicious Transactions

IIFL Capital Services Receives MCX Penalty Order of Rs 2.05 Lakh Over Abnormal and Non-Genuine Client Trades