News

On July 14, 2025, the Income Tax Department began search operations across the country targeting individuals and entities who allegedly enabled taxpayers to receive fictitious tax deductions.

80GGC Fraud Exposed: Income Tax Raids Conducted Across India to curb Fake Political Donations

Jane Street has deposited Rs 4,843.5 crore (around $564 million) into an escrow account on July 11, 2025.

Jane Street Starts Trading Again After Depositing Rs 4,840 Crore as per SEBI's Order

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.

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80GGC Fraud Exposed: Income Tax Raids Conducted Across India to curb Fake Political Donations

Jane Street Starts Trading Again After Depositing Rs 4,840 Crore as per SEBI's Order

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