Judgement

ITAT Delhi held that unpaid GST shown merely as a balance-sheet liability, without being claimed as an expenditure, cannot be disallowed under Section 43B.

No Section 43B Disallowance for Unpaid GST Shown Only as Balance Sheet Liability: ITAT

GST authorities propose a Rs 27.99 crore tax demand against ZF Commercial Vehicle Control Systems over alleged excess ITC claims.

GST Authorities Propose Rs 27.99 Crore Tax Demand on ZF Commercial Vehicle Control Systems

ICAI’s new handbook explains residential status under the Income-tax Act and FEMA, covering key tax implications for NRIs amid changes introduced by the Income-tax Act, 2025.

ICAI Releases Handbook on Residential Status for NRIs: Key Tax and FEMA Aspects Explained

Gwalior Special Court convicts Amitesh and Vipin Kumar in a Vyapam examination impersonation case, awarding three years’ rigorous imprisonment and a Rs 5,000 fine each.

Special Court Convicts and Sentences Two Accused to Three Years Rigorous Imprisonment in Vyapam Cases

Birla Corporation Limited's subsidiary, RCCPL receives a demand cum SCN on account of alleged wrongful availment of Input Tax Credit (ITC) in violation of Section 16(2) of the CGST Act, 2017. 

RCCPL Receives Demand cum SCN Over Reflecting Negative Balance in Table 8D of GSTR-9 for FY 2020-21 and 2022-23

HCL Infosystems secures major tax relief as CESTAT cancels the Rs 22.85-crore tax demand, along with interest and penalty.

HCL Infosystems Gets Major Tax Relief as CESTAT Cancels Rs 22.85-Crore Demand

The Government of Haryana has launched a One-Time Settlement Scheme (OTS) 2026, effective from June 1, 2026, valid for up to 120 days. 

Haryana Launches One-Time Settlement Scheme 2026 for Pre-GST Tax Dues; 100% Waiver on Outstanding Dues Up to Rs 1 Lakh 

Innovision Limited’s GST penalty has been reduced to a fixed Rs 10,000 in a Dehradun CGST order, with no adverse financial impact expected for the company.

Innovision Receives Significant Relief in GST Dispute After Dehradun CGST Authority Modifies Penalty

CBDT has approved Sir Ganga Ram Trust Society, Delhi, as an eligible institution for scientific research for tax years 2026-27 to 2030-31 under the new income-tax law.

CBDT Grants Scientific Research Approval to Sir Ganga Ram Trust Society

HC grants bail to accused in Rs 45.88 lakh fraud case involving alleged misuse of KYC documents and forged signatures.

High Court Grants Bail to Man Accused of Rs 45.88 Lakh KYC, Forgery and Loan Fraud

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

Tamil Nadu Commercial Taxes Department has issued a new Helpdesk SOP to streamline VAT and GST support, with defined service levels, working hours, authentication safeguards, helpline numbers and grievance channels.

No Section 43B Disallowance for Unpaid GST Shown Only as Balance Sheet Liability: ITAT:

No Section 43B Disallowance for Unpaid GST Shown Only as Balance Sheet Liability: ITAT

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