News

The Goods and Services Tax Network (GSTN) has made Invoice-wise reporting in Form GSTR-7 mandatory from the September 2025 tax period.

GSTN Advisory: Invoice-wise Reporting Made Mandatory in GSTR-7 from September 2025

Judgement

SC holds that a cash loan above Rs. 20k, in breach of Sec 269SS of IT Act, is still a 'legally enforceable debt' under Sec 138 NI Act. Issues new guidelines.

SC: Section 269SS of IT Act Breach Does Not Invalidate Debt Under Section 138 of NI Act

Supreme Court: Section 269SS of IT Act Breach Does Not Invalidate Debt Under Section 138 of NI Act

High Court upholds reassessment for AY 2019-20; finds sufficient material with AO on alleged bogus purchase; petition dismissed.

Bogus Bills Trigger Valid Reopening: HC Dismisses Writ Against Reassessment

ITAT remands additions on property investment, bank credits, and mutual fund to AO; directs fresh verification

ITAT Remands Additions on Property, Bank Credits & Mutual Fund Investments

An I-T probe into Punjab’s property registries has exposed widespread non-reporting and faulty filings of high-value transactions.

I-T Dept Uncovers Rs. 18,000 Crore Property Reporting Gaps in Punjab

Income Tax officials raid Bengaluru private university over alleged tax evasion and fee irregularities.

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GSTN Advisory: Invoice-wise Reporting Made Mandatory in GSTR-7 from September 2025

Supreme Court: Section 269SS of IT Act Breach Does Not Invalidate Debt Under Section 138 of NI Act

Bogus Bills Trigger Valid Reopening: HC Dismisses Writ Against Reassessment

ITAT Remands Additions on Property, Bank Credits & Mutual Fund Investments

I-T Dept Uncovers Rs. 18,000 Crore Property Reporting Gaps in Punjab

Income-Tax Raids Shake Bengaluru Private University Over Alleged Tax Evasion