News

The Finance Ministry relaxes TCS rules under LRS by raising the remittance limit to Rs. 10 lakh and removing tax on education loan payments from April 2025.

CBDT Proposes to Increase TCS Limit on RBI LRS and Fully Exempt on Education Loan Remittances

CGST officials busted a massive GST fraud in Ludhiana’s iron and steel sector involving fake invoices worth Rs 311 crore.

Fake Invoices Worth Rs 311 Crore Exposed in Ludhiana GST Crackdown

Judgement

ITAT Delhi dismisses assessee’s appeal, upholding Rs. 2.25 lakh penalty for cash received on property sale in violation of Section 269SS.

ITAT Upholds Rs. 2.25 Lakh Penalty Levied for Section 269SS Violation in Immovable Cash Property Sale

The Supreme Court of India has rejected the Income Tax Authority's appeal regarding the disallowance of general licensing fees for various financial years amounting to Rs 101.21 crore.

Nestlé India Wins Rs 101.21 Crore Tax Case as Supreme Court Rejects Revenue’s Appeal

Since the approval granted by the JCIT, the present case was without the independent application of mind, quashed the assessments for all five years and allowed the appeals partly.

ITAT Delhi Quashes Assessments Due to JCIT's Mechanical Approval Under Section 153D

ITAT held that notices were not properly served and no effective hearing was given by CIT(A), set aside ex-parte orders and remanded all appeals for fresh adjudication.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

CBDT Proposes to Increase TCS Limit on RBI LRS and Fully Exempt on Education Loan Remittances

Fake Invoices Worth Rs 311 Crore Exposed in Ludhiana GST Crackdown

ITAT Upholds Rs. 2.25 Lakh Penalty Levied for Section 269SS Violation in Immovable Cash Property Sale

Nestlé India Wins Rs 101.21 Crore Tax Case as Supreme Court Rejects Revenue’s Appeal

ITAT Delhi Quashes Assessments Due to JCIT's Mechanical Approval Under Section 153D

ITAT Grants Relief to NRI Senior Citizen by Quashing Ex-Parte Orders; Remands Case for Fresh Adjudication