Articles

GSTR-1 filing error for B2C sales resolved by entering a dummy HSN row in Table 12A to bypass system glitch related to Table 8.

Facing Errors While Filing GSTR-1 for B2C Sales? Here Is Simple Fix for Table 12 HSN Glitch

Judgement

Tribunal upholds internal CUP for electricity ALP, accepts cost-based benchmarking for inter-unit steam transfer under Section 80IA.

ITAT Deletes 106 Cr TP Adjustment on Power & Steam Transfers Under Section 80IA

Madras High Court allows GST refund without FIRC, accepting CA certificate and RBI-approved netting as valid proof of foreign exchange receipt.

FIRCs Not Mandatory If CA Certificate Proves Foreign Exchange Receipt

Court affirms ITAT order; holds cash consideration and partial transfer defeats Section 72A(4) applicability.

HC: Partial Asset Transfer Not a Demerger, Carry Forward of Losses Allowed

Notifications

The government has extended the tax exemptions for global pension funds and sovereign wealth funds, including MIC Redwood, Norfund, and others, under the Income-tax Act, 1961, until March 31, 2030.

Income Tax: CBDT Extends Tax Exemptions for Global Pension Funds and Sovereign Wealth Funds

HC sets aside customs seizure of gold bangles; holds printed SCN waivers illegal and jewellery as personal effects.

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Facing Errors While Filing GSTR-1 for B2C Sales? Here Is Simple Fix for Table 12 HSN Glitch

ITAT Deletes 106 Cr TP Adjustment on Power & Steam Transfers Under Section 80IA

FIRCs Not Mandatory If CA Certificate Proves Foreign Exchange Receipt

HC: Partial Asset Transfer Not a Demerger, Carry Forward of Losses Allowed

Income Tax: CBDT Extends Tax Exemptions for Global Pension Funds and Sovereign Wealth Funds

Personal Jewellery Worn by Traveller Not Seizable HC Cites Natural Justice