Judgement

ITAT held that Section 115JB (MAT) does not apply to a foreign company without a PE in India and quashed the Section 263 revision order, allowing exemption on Rs. 149.37 crore LTCG.

ITAT Delhi Quashes Section 263 Revision: MAT Not Applicable on Foreign Entity in Absence of PE

The Supreme Court of India has directed SpiceJet to deposit Rs. 144.51 crore within six weeks and imposed litigation costs.

Supreme Court Directs SpiceJet to Deposit Rs. 144.51 Crore; Imposes Cost for Prolonged Litigation

The authority clarified that the exemption is available only when the services are provided to the Central Government, State Government, Union territory or local authority.

Security Services to Food Corporation of India Is Taxable Under GST: WBAAR

The AAR clarified the HSN classification and GST rates under GST 2.0 for non-alcoholic beverages, iced tea preparations, tea extracts, and beverage concentrates.

HSN Classification and GST Rate for Non-Alcoholic Beverages, Syrups and Tea Extracts: AAR

Articles

The ROC imposed a penalty of Rs 1,00,000 on the company and Rs 25,000 each on its 4 directors for the violation of Section 13 of the Companies Act, 2013, read with Section 10 of the Companies Act, 2013.

Company Fined for Not Mentioning Its Integrated Poultry Farming Business Activities in MOA

News

Fino Payments Bank Limited said the GST probe targets certain programme managers, denied any violations and stated operations remain unaffected.

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ITAT Delhi Quashes Section 263 Revision: MAT Not Applicable on Foreign Entity in Absence of PE

Supreme Court Directs SpiceJet to Deposit Rs. 144.51 Crore; Imposes Cost for Prolonged Litigation

Security Services to Food Corporation of India Is Taxable Under GST: WBAAR

HSN Classification and GST Rate for Non-Alcoholic Beverages, Syrups and Tea Extracts: AAR

Company Fined for Not Mentioning Its Integrated Poultry Farming Business Activities in MOA

Fino Payments Clarifies GST Probe; Denies Any Direct Involvement