Judgement

ITAT held that a delayed Form 67 filing cannot deny a foreign tax credit if the required conditions are met.

ITAT Allows Foreign Tax Credit Despite Late Filing of Form 67

CBIC has amended GST e-invoicing provisions  to expand their scope to specified RCM transactions and imports of services, effective January 1, 2027.

CBIC Expands GST E-Invoicing Scope to Cover RCM and Import of Services Effective January 1, 2027

3i Infotech has disclosed the dismissal of its pending income tax appeals for four assessment years following settlement of disputes involving approximately Rs 775.05 crore in disputed additions.

3i Infotech Settles Rs 775.05 Crore Income Tax Disputes Under Vivad Se Vishwas Scheme 2024

CBIC clarifies GST payment conditions for export proceeds received in INR through repatriable accounts and for export-import set-off transactions under RBI guidelines.

CBIC Clarifies GST Treatment of Export Payments, INR Receipts and Set-Off Transactions

CBIC clarifies that the omission of Rule 96(10) of the CGST Rules, 2017, applies retrospectively from October 23, 2017, following the Supreme Court's judgment.

CBIC Confirms Retrospective Applicability of Rule 96(10) Omission Effective from October 23, 2017

CBIC issues new GST guidelines to ensure clear demand notices, evidence-based fraud allegations, fair adjudication and reasoned orders to protect taxpayers and reduce unnecessary litigation.

CBIC Introduces Fresh Guidelines for GST Proceedings, Emphasises Taxpayer Rights, Detailed Notices, Fair Adjudication and Reduction of Unnecessary Litigation

Share India Securities faces a Rs 1.18 lakh penalty from NSE Clearing for an MWPL violation, with no material impact on its business or financial performance.

Share India Securities Discloses Rs 1.18 Lakh Penalty for MWPL Violation, Says No Material Business Impact

The ITAT Bangalore has allowed tax exemption on BSNL VRS retrenchment compensation and eligible leave encashment, granting major relief to retired employees.

 ITAT Rules BSNL VRS Compensation Exempt from Tax Under Section 10(10B), Grants Leave Encashment Relief

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

Don't rely on an ITR deadline extension. File early to avoid errors, penalties, and refund delays.

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension

The Income Tax Department has uncovered a Rs 65.5 crore fake tax refund scam involving bogus deduction claims under Section 80GGC. 

Meerut Accountant Accused in Rs 65.5 Crore Income Tax Refund Scam

A professional's viral post about paying nearly Rs 1 crore in taxes but receiving no support after being laid off has reignited the debate on social security and taxpayer benefits in India.

Professional’s Viral Post on Rs 1 Crore Tax Sparks Debate on India’s Social Security

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

The Supreme Court has held that bleaching and dyeing of exempt powerloom textiles does not amount to manufacture.

Supreme Court Holds Job-Work Processing Not Liable to Textile Cess Under Section 5A

ESL Steel Limited has received a GST Demand-cum-SCN proposing tax recovery and input tax credit reversal of Rs 11.76 crore, plus applicable interest and penalty.

Vedanta Iron and Steel's Subsidiary Faces Proposed GST Recovery of Rs 11.76 Crore Plus Interest and Penalty

The GSTAT allows appeal after finding valid tax invoices, e-way bill and declared place of supply supporting the consignment.

ITAT Allows Foreign Tax Credit Despite Late Filing of Form 67:

ITAT Allows Foreign Tax Credit Despite Late Filing of Form 67

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