News

The RBI has imposed a Rs 41.80 lakh penalty on Canara Bank for non-compliance with KYC norms and improper classification of certain customer accounts as inoperative.

Canara Bank Fined Rs 41.80 Lakh by RBI Over KYC Compliance Violations

Press Release

Indian travellers can now make QR-code payments in Cambodia using their UPI apps.

Indian Travellers Can Now Pay at 4.5 Million Merchants in Cambodia

Apollo Tyres Limited, through a disclosure dated June 5, 2026 informed the National Stock Exchange of India Limited (NSE) and BSE Limited about the receipt of two separate orders from the Deputy Commissioner, Bihar (GST) that impose a penalty of Rs 13 lakh and Rs 58 lakh respectively.

Apollo Tyres Faces GST Penalties of Rs 71 Lakh Over Input Tax Credit and E-Way Bill Disputes

Judgement

Delhi High Court upholds reassessment, holding limitation extended by statutory exclusion of reply period.

Delhi HC Confirms Validity of Reassessment Initiated Within Limitation.

Delhi HC Confirms Validity of Reassessment Initiated Within Limitation

The ITAT allowed a deduction under Section 80GGC for a genuine political donation, deleting the Rs 1 lakh addition due to lack of evidence of accommodation entries or any benefit received by the taxpayer.

Section 80GGC Deduction Cannot Be Denied Without Evidence, Rules ITAT Jodhpur

High Court quashes GST assessment after finding hearing granted before reply period expired.

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Canara Bank Fined Rs 41.80 Lakh by RBI Over KYC Compliance Violations

Indian Travellers Can Now Pay at 4.5 Million Merchants in Cambodia

Apollo Tyres Faces GST Penalties of Rs 71 Lakh Over Input Tax Credit and E-Way Bill Disputes

Delhi HC Confirms Validity of Reassessment Initiated Within Limitation

Section 80GGC Deduction Cannot Be Denied Without Evidence, Rules ITAT Jodhpur

HC Quashes GST Assessment Order as Personal Hearing Was Fixed Before Reply Deadline