News

LG Electronics India has received a Rs 153.57 crore Customs Duty show cause notice alleging non-inclusion of royalty payments in the assessable value of certain imported goods.

DRI Alleges Short Payment of Customs Duty by LG Electronics India; Sends Recovery SCN of Rs 153.57 Crore

CBI arrests key Mahadev betting case accused Abhishek Kumar after his deportation from the UAE, as ED flags a Rs 94,000 crore illegal money trail.

Mahadev Betting Case: CBI Arrests Key Accused Abhishek Kumar After UAE Deportation, ED Flags Rs 94,000 Crore Illegal Money Trail

Judgement

The ITAT Bangalore holds Finance Act 2025 restriction on Section 87A rebate as prospective. 


ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

The ITAT Bangalore held that interest income attributable to business of providing credit facilities cannot be taxed as ‘Income from Other Sources’ .


ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction

An NIA court has allowed seven foreign accused, including a US national and six Ukrainians, to travel abroad for one month to meet their families.

Court Allows 7 Arrested Foreigners To Travel Abroad For A Month To Meet Their Families

CBI has arrested alleged Mahadev Betting App kingpin Abhishek Kumar after his arrival from Dubai and secured police custody for further investigation.

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DRI Alleges Short Payment of Customs Duty by LG Electronics India; Sends Recovery SCN of Rs 153.57 Crore

Mahadev Betting Case: CBI Arrests Key Accused Abhishek Kumar After UAE Deportation, ED Flags Rs 94,000 Crore Illegal Money Trail

ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction

Court Allows 7 Arrested Foreigners To Travel Abroad For A Month To Meet Their Families

CBI Arrests Wanted Accused in Mahadev Betting App Case After His Arrival at Rajiv Gandhi International Airport