News

Adani Green Energy Limited informed stock exchanges that Gautam Adani and Sagar Adani have jointly sought a final judgement in the ongoing US SEC civil complaint matter.

Gautam Adani and Sagar Adani File Settlement Request Before US Eastern District NY Court

Judgement

Gujarat Maritime Board won relief before the Ahmedabad ITAT, which upheld its tax exemption under Sections 11 and 12 and rejected the Revenue’s commercial activity allegations.

ITAT Upholds Section 11 Exemption for Gujarat Maritime Board Despite Commercial Receipt Allegations

The Income Tax Department has released the ITR-1 (Sahaj) and ITR-4 (Sugam) utilities, officially commencing the Income Tax Return filing process for Assessment Year 2026-27.

ITR Filing Season Begins: CBDT Releases ITR-1 and ITR-4 Utilities for AY 2026-27

AAR permits intra-SEZ zero-rated supplies without mandatory invoice endorsement by Specified Officer authorities.

AAR Clarifies Zero-Rating for Services Supplied Within SEZ

Gujarat AAR Declines to Rule on Endorsement Requirement for Intra-SEZ Zero-Rated Supplies

GST authorities restricted from blocking ITC exceeding actual available balance in electronic ledger.

Negative Blocking of Electronic Credit Ledger Held Impermissible by HC

The Income Tax Appellate Tribunal deleted a Rs 52 lakh addition made under Sections 68/69A after finding that the alleged bank accounts were actually fixed deposit accounts where cash deposits were not possible. The Tribunal held that the Assessing Officer made the addition without proper verification of bank records.

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Gautam Adani and Sagar Adani File Settlement Request Before US Eastern District NY Court

ITAT Upholds Section 11 Exemption for Gujarat Maritime Board Despite Commercial Receipt Allegations

ITR Filing Season Begins: CBDT Releases ITR-1 and ITR-4 Utilities for AY 2026-27

Gujarat AAR Declines to Rule on Endorsement Requirement for Intra-SEZ Zero-Rated Supplies

Negative Blocking of Electronic Credit Ledger Held Impermissible by HC

ITAT Ahmedabad Deletes Rs 52 Lakh Addition based on information received through Insight Portal