News

NPCI has announced MDR charges on select UPI merchant transactions after Diwali, with the implementation date and further details to be announced soon.

Big UPI Update: NPCI to Introduce Merchant Discount Rate Charges on Certain Person-to-Merchant Transactions After Diwali

Judgement

The ITAT deleted Section 68 addition, holding that cash sales could not be treated as bogus without proper verification of the assessee's books and supporting documents.

ITAT Says Cash Sales Cannot Be Treated as Bogus Without Proper Enquiry, Deletes Rs 24.59 Lakh Demonetisation Addition

The CBI has arrested a fugitive after more than 14 years on the run in a fake Indian currency case involving counterfeit Rs 1,000 notes in Puducherry.

14 Years on the Run, Finally Caught! CBI Arrests Absconding Accused in Fake Currency Notes Case

CBI arrests Bhopal CGST Superintendent in a Rs 2 lakh monthly bribery case, recovering Rs 72.50 lakh in cash and property documents during searches.

Bhopal CGST Superintendent Arrested in CBI Bribery Trap While Accepting Rs 2 Lakh; Rs 72.50 Lakh Cash Recovered

The CBI has arrested proclaimed offender in connection with an alleged Rs 3.63 crore bank loan fraud involving 24 housing loans and two overdraft facilities obtained using allegedly fake documents.

CBI Arrests Long-Absconding Proclaimed Offender Kavita in Rs 3.63 Crore Bank Fraud Case After 9 Years 

The ITAT deleted conditions imposed by the CIT(E) on Trust’s Section 12AB registration and Section 80G approval, ruling that the benefits cannot be made conditional on the outcome of pending Supreme Court litigation.

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Big UPI Update: NPCI to Introduce Merchant Discount Rate Charges on Certain Person-to-Merchant Transactions After Diwali

ITAT Says Cash Sales Cannot Be Treated as Bogus Without Proper Enquiry, Deletes Rs 24.59 Lakh Demonetisation Addition

14 Years on the Run, Finally Caught! CBI Arrests Absconding Accused in Fake Currency Notes Case

Bhopal CGST Superintendent Arrested in CBI Bribery Trap While Accepting Rs 2 Lakh; Rs 72.50 Lakh Cash Recovered

CBI Arrests Long-Absconding Proclaimed Offender Kavita in Rs 3.63 Crore Bank Fraud Case After 9 Years

CIT(E) Cannot Impose Future Litigation Conditions on Section 12AB Registration and Section 80G Approval, Says ITAT