Judgement

The Tribunal noted that Preity has not gained any profit from these transactions, and the transaction has just discharged the liability of the assessee from one entity to another.

ITAT Mumbai Clears Preity Zinta in Rs 10.84 Crore Tax Dispute

Orders

Waaree Energies Ltd disclosed a Rs 85,09,810 demand order from the Central GST Surat, stating it will not impact operations.

Waaree Energies Receives Rs 85.09 Lakh Demand Order From GST Department

SC restores the commissioner’s demand, holding that bleaching, mercerising, squeezing and stentering formed one continuous power-aided manufacturing process

SC: Cotton Fabric Processing Using Power Across Interlinked Units Amounts to Manufacture; CESTAT Order Set Aside

Articles

Indigo Paints is now planning to challenge the order by filing an appeal before the GST Appellate Tribunal.

Indigo Paints Faces Penalty of Rs 19.26 Crore Due to Availment of ITC on IPO-Related Expenses

Indigo Paint Faces Penalty of Rs 19.26 Crore Due to Availment of ITC on IPO-Related Expenses

Circulars

RBI has made it mandatory for AD Category-II banks and FFMCs to submit daily LRS returns from January 1, 2026, strengthening monitoring and compliance.

RBI Mandates ‘LRS Daily Return’ Furnishing Mandatory for AD Category-II Banks and FFMCs Effective Jan 2026

The CBDT gets information about the foreign assets of Indian residents by using the CRS and the FATCA.

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ITAT Mumbai Clears Preity Zinta in Rs 10.84 Crore Tax Dispute

Waaree Energies Receives Rs 85.09 Lakh Demand Order From GST Department

SC: Cotton Fabric Processing Using Power Across Interlinked Units Amounts to Manufacture; CESTAT Order Set Aside

Indigo Paint Faces Penalty of Rs 19.26 Crore Due to Availment of ITC on IPO-Related Expenses

RBI Mandates ‘LRS Daily Return’ Furnishing Mandatory for AD Category-II Banks and FFMCs Effective Jan 2026

Undisclosed Foreign Asset? Here's How to Report Foreign Income and Assets on Your Tax Return