Circulars

SEBI permits margin exemptions on early pay-in positions while retaining MTM margin requirements.

SEBI Clarifies Early Pay-In Benefit in Commodity Derivatives; MTM Margins to Continue

Judgement

The Jharkhand High Court granted bail to an accused in a Rs 15.83 crore GST ITC fraud case, citing prolonged custody and predominantly documentary evidence.

High Court Grants Bail to Accused in Rs 15.83 Crore GST ITC Fraud Case

ITAT quashes Section 263 revision, holding explained fund movements cannot justify unexplained income.

ITAT Rules Section 263 Unsustainable in Refunded Advance Transaction Case

ITAT deletes penalties citing defective notices, bona fide claims and absence of concealment.

Penalty Proceedings Fail Due to Non-Specific Notices, Debatable PF Disallowances and Genuine R&D Deduction Claim

ITAT quashes Section 271B penalty as assessment order lacked satisfaction for initiation proceedings.

ITAT Cancels Audit Default Penalty Over Jurisdictional Defect

The Income Tax Appellate Tribunal (ITAT), Mumbai, has held that receipts earned by a German tax resident from services rendered to Indian companies could not be taxed in India as Fees for Technical Services (FTS). The Tribunal ruled that such income was

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SEBI Clarifies Early Pay-In Benefit in Commodity Derivatives; MTM Margins to Continue

High Court Grants Bail to Accused in Rs 15.83 Crore GST ITC Fraud Case

ITAT Rules Section 263 Unsustainable in Refunded Advance Transaction Case

Penalty Proceedings Fail Due to Non-Specific Notices, Debatable PF Disallowances and Genuine R&D Deduction Claim

ITAT Cancels Audit Default Penalty Over Jurisdictional Defect

ITAT Holds Income Earned by German Resident from Independent Professional Services Not Taxable in India