News

Supreme Court upheld the 28% GST on online gaming, Paytm said the ruling will not impact its core business.

SC Upholds 28% GST on Online Gaming, Paytm Says No Financial Impact on Operations

Snowman Logistics receives a Rs 2,06,56,802 income tax penalty demand for FY24 and plans to challenge the order through an appeal.

Snowman Logistics Receives Rs 2.06 Crore Income Tax Demand for FY24, Plans to Challenge Penalty Order

Skipper Limited has disclosed a rectified GST SCN proposing a demand of Rs 40.95 crore, reduced from the original Rs 227.53 crore, which the company says is erroneous and legally unsustainable.

Skipper Limited Faces Rs 40.95 Crore GST Demand After Rectification of Rs 227.53 Crore SCN; Company Plans to Contest

Bharat Bijlee Limited has received an income tax demand order of Rs 58,30,903 for the assessment year 2020-21, the company said in a regulatory filing dated October 1, 2026.

Bharat Bijlee Receives Rs 58.3 Lakh Income Tax Demand Over Excess Refund and Interest Re-Computation

Supreme Court held that CBDT circulars and instructions may bind Income Tax Department officials but cannot dictate how courts interpret the Income Tax Act.

CBDT Circulars and Instructions Cannot Bind Courts on Income Tax Act Interpretation, Holds Supreme Court

The Punjab & Haryana High Court directs Proper Officers to verify supplier default, transaction genuineness and buyer’s link before denying ITC.

High Court Bars Mechanical ITC Reversal Against Genuine Buyers

Punjab National Bank has received a SEBI warning over alleged insider trading rule violations involving six individuals, with no financial penalty imposed on the bank.

Punjab National Bank Receives SEBI Administrative Warning Over Alleged Insider Trading Violations Involving Six Individuals

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

Judgement

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

Pune ITAT condoned the over two-year delay and remanded the Rs 1.30 crore property sale tax dispute to the CIT(A) for fresh consideration.

ITAT Condones Over Two-Year Delay, Gives Taxpayer Fresh Opportunity to Contest Rs 1.30 Crore Property Sale Addition

ED has arrested two individuals in connection with a Rs 734 crore fake GST ITC fraud involving 135 bogus companies and invoices exceeding Rs 5,000 crore.

ED Arrests Two in Rs 734 Crore Fake GST ITC Fraud Case Involving 135 Bogus Firms

ITAT sets aside the ex parte CIT(A) order and grants Vanitha a fresh opportunity to explain the source of Rs 52.59 lakh cash deposits and contest the additions on merits.

SC Upholds 28% GST on Online Gaming, Paytm Says No Financial Impact on Operations:

SC Upholds 28% GST on Online Gaming, Paytm Says No Financial Impact on Operations

Also Read

About Author

Jasmine

Digital Marketing Excutive

My Recent Articles

Tags

StudyCafe Membership

Tags

StudyCafe Membership