Judgement

Court rules that a bidder cannot be disqualified for not producing a solvency certificate from a District Magistrate when such a condition isn’t specified in the tender notice.

SC: Tender Bid Rejection Over ‘Haisiyat Praman Patra’ Quashed; NIT Terms Must Be Clear and Explicit

SC rules that once fire loss is proven and fraud is absent, the cause of fire is immaterial; directs National Insurance to pay claim with 6% interest

Supreme Court: Fire Policy Covers Accidental Fire; Insurer Cannot Deny Claim for Lack of Cause Proof

The ITAT Ahmedabad, gave relief to an appellant by deleting a penalty under Section 270A(9) of the Income Tax Act, which was levied by the Assessing Officer and the same was upheld by the CIT(A).

ITAT Condones Delay and Deletes Penalty Levied Under Section 270A(9) of Income Tax Act

The ITAT Ahmedabad observed a consistent pattern of unaccounted donations and salary recoveries, upholding the Revenue’s appeal in part.

ITAT Ahmedabad Partly Upholds Revenue’s Appeal; Extrapolation of Unaccounted Income Found Justified

News

A massive GST fraud involving over 10,000 fake companies has exposed deep loopholes in India’s digital tax system, with bogus transactions worth thousands of crores under investigation.

Nationwide GST Scam Uncovered: Over 10,000 Bogus Firms Caught Cheating the System

Articles

As per a media report, the income tax officials have received documents during the raid that suggest that the company was involved in distributing large amounts of money, gold, silver coins, and expensive gifts to many senior officials in Bihar.

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SC: Tender Bid Rejection Over ‘Haisiyat Praman Patra’ Quashed; NIT Terms Must Be Clear and Explicit

Supreme Court: Fire Policy Covers Accidental Fire; Insurer Cannot Deny Claim for Lack of Cause Proof

ITAT Condones Delay and Deletes Penalty Levied Under Section 270A(9) of Income Tax Act

ITAT Ahmedabad Partly Upholds Revenue’s Appeal; Extrapolation of Unaccounted Income Found Justified

Nationwide GST Scam Uncovered: Over 10,000 Bogus Firms Caught Cheating the System

Company Under Investigation for Allegedly Bribing Bihar Officials