Judgement

The ITAT restored the matter to the Assessing Officer. It directed the officer to verify the tax paid by the assessee for the entire financial year 2022-23 from the tax return filed by the assessee in the USA.

ITAT Mumbai Restores Foreign Tax Credit Claim for Fresh Verification

News

Aditya Birla Capital sold a 14.3% stake in its housing finance arm ABHFL to Advent International’s Indriya Limited for Rs 2,750 crore, raising funds and bringing in a global investor.

Aditya Birla Capital Secures Rs 2,750 Crore by Selling 14.3% Stake in ABHFL

Court grants regular bail to the partner of the firm accused of issuing forged invoices, citing the documentary nature of the evidence and the completion of the investigation.

HC Grants Regular bail in GST Fake Invoice considering appellant had no criminal antecedents

The DGFT has introduced key changes in Part A and B under Appendix 4B of the Handbook of Procedure, 2023, updating the list of banks authorised to import gold/silver.

Government permits 15 banks to import gold and silver [Read Notification]

The ITAT quashed the reassessment proceedings against the assessee due to invalid notice under Section 148A(b), time-barred action, and improper full addition despite joint property ownership.

ITAT Invalidates Entire Reassessment; Cites Breach of Section 148A(b) and Joint Ownership Error

GSTAT upholds DGAP findings and rules that no ITC benefit accrued to the builder post-GST; hence, there is no obligation to pass the benefit to homebuyers under Section 171 of the CGST Act.

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ITAT Mumbai Restores Foreign Tax Credit Claim for Fresh Verification

Aditya Birla Capital Secures Rs 2,750 Crore by Selling 14.3% Stake in ABHFL

HC Grants Regular bail in GST Fake Invoice considering appellant had no criminal antecedents

Government permits 15 banks to import gold and silver [Read Notification]

ITAT Invalidates Entire Reassessment; Cites Breach of Section 148A(b) and Joint Ownership Error

GSTAT: No Profiteering Where Post-GST ITC Ratio Declines; DGAP Report Accepted