Judgement

High Court quashes time-barred reassessment but upholds special audit and valid later reopening proceedings in case of Huawei Telecommunications

HC Quashes Time-Barred Income Tax Reassessment in case of Huawei Telecommunications; Upholds Special Audit in Tax Dispute

ITAT holds Section 54 relief valid despite unregistered agreement where possession and payment are proven.

ITAT Allows Section 54 Exemption on Unregistered Property Purchase with Possession

Notifications

The Government of India revises customs duty rates on multiple goods via a new Finance Ministry notification, effective from April 1, 2026.

Centre notifies India Mauritius FTA Tariff Rates [Read Notification]

News

Finolex Cables Limited informed exchanges regarding receipt of the GST order, stating it challenged the demand arising from ITC mismatch, e-way bill differences, and creditor payment delays through appellate proceedings.

Finolex Cables Limited to Challenge GST Demand over ITC Mismatch and E-Way Bill Differences

Orders

Bharat Heavy Electricals Limited received a GST demand order; part was dropped, and the remaining demand and penalty were imposed, and the company indicated it would file an appeal soon thereafter.

Bharat Heavy Electricals Limited Receives GST Demand Order from Karnataka Authority

CBI arrested two officials in Srinagar for allegedly demanding and accepting a Rs 1.5 lakh bribe to avoid penal action against a school.

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HC Quashes Time-Barred Income Tax Reassessment in case of Huawei Telecommunications; Upholds Special Audit in Tax Dispute

ITAT Allows Section 54 Exemption on Unregistered Property Purchase with Possession

Centre notifies India Mauritius FTA Tariff Rates [Read Notification]

Finolex Cables Limited to Challenge GST Demand over ITC Mismatch and E-Way Bill Differences

Bharat Heavy Electricals Limited Receives GST Demand Order from Karnataka Authority

Two EPF Government Officials Arrested in Rs 1.5 Lakh Bribe Demand Case