Judgement

An individual firecracker trader faced an assessment reopening and a Rs. 2,250,000 addition for unexplained purchases discovered in third-party search records.

Tax Assessment Refinement: Judicial Ruling on Profit Estimation vs. Full Addition

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The regulator said Ashok Maheshwari, who had access to confidential information about a "Big Client", shared this data with Darshan Bakul Shah, who further traded it to his account along with other accounts.

SEBI Imposes Penalty of Rs 1.5 Crore on Eight Entities for Front-Running Trades

High Court rules that GST refund cannot be denied for filing a second application if within limitation, even if earlier claim was processed.

HC Permits Second GST Refund; No Statutory Bar Under Section 54

The ITAT granted full relief to Sunetra Ajit Pawar by quashing the Rs 32.14 crore addition, holding that vague diary entries and weak digital evidence were insufficient to establish unexplained income.

ITAT Mumbai Grants Full Relief to Sunetra Pawar in Rs 32.14 Crore Alleged Cash Transactions Case

The ROC Vijayawada found that holding two DINs violates Sections 152, 155, and 156 of the Companies Act, 2013 and imposed a ₹50,000 penalty under Section 454, despite the noticee’s voluntary surrender of one DIN.

Penalty for Dual DIN: ROC Vijayawada Takes Action under Section 454

M/s Citizen Industries challenged the retrospective cancellation of its GST registration, with both parties admitting that no proper show cause notice was issued beforehand.

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Tax Assessment Refinement: Judicial Ruling on Profit Estimation vs. Full Addition

SEBI Imposes Penalty of Rs 1.5 Crore on Eight Entities for Front-Running Trades

HC Permits Second GST Refund; No Statutory Bar Under Section 54

ITAT Mumbai Grants Full Relief to Sunetra Pawar in Rs 32.14 Crore Alleged Cash Transactions Case

Penalty for Dual DIN: ROC Vijayawada Takes Action under Section 454

Retrospective Cancellation of GST Registration Without Proper Show Cause Notice: HC