Judgement

The court allowed another chance to get the GST registration back, as long as the pending returns are filed on time and the tax, penalty, and interest are paid.

High Court orders restoration of GST Number as pending returns filed by Taxpayer

The ITAT deletes addition holding cash deposits during demonetisation explained by books and agricultural income.

ITAT: No Section 69 Addition Where Cash Deposits Backed by Agricultural Income

ITAT Ahmedabad dismissed the assessee’s appeal, upholding the disallowance of Rs 14.83 lakh on excessive remuneration due to lack of justification and supporting evidence.

ITAT Upholds Disallowance on Excessive Remuneration paid to partner as no extraordinary work was done by him

The Madras High Court quashed income tax prosecution against Gautham Vasudev Menon, noting he was not a director of the company during the relevant assessment period.

Madras High Court Drops Proceedings Against Film Producer Gautham Vasudev Menon

News

The investigation revealed that the accused established shell companies, which only existed on paper, and generated fake invoices worth Rs 50 crore.

Delhi Police Uncovers GST Fraud Worth Rs 50 Crore Involving Fake Medicine Racket; Six Arrested

Notifications

The government is granting temporary exemptions on customs duty and AIDC for specified imported chemicals, making duty rates nil to support industry and reduce input costs in the public interest.

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High Court orders restoration of GST Number as pending returns filed by Taxpayer

ITAT: No Section 69 Addition Where Cash Deposits Backed by Agricultural Income

ITAT Upholds Disallowance on Excessive Remuneration paid to partner as no extraordinary work was done by him

Madras High Court Drops Proceedings Against Film Producer Gautham Vasudev Menon

Delhi Police Uncovers GST Fraud Worth Rs 50 Crore Involving Fake Medicine Racket; Six Arrested

Government Grants Exemption on Customs Duty and AIDC for Certain Imports