Press Release

The RBI imposed a Rs 5 lakh penalty on Bihar-based Monghyr-Jamui Central Co-operative Bank for failing to upload customers’ KYC records to the Central KYC Records Registry within the prescribed time limit.

RBI Imposes Monetary Penalty on Bihar-Based Monghyr-Jamui Central Co-operative Bank for Non-Compliance With KYC Guidelines

News

Voltas has received complete relief after GST authorities accepted its submissions and withdrew a SCN proposing a tax demand of Rs 15.43 crore. 

Voltas Limited Gets Complete Relief as GST Department Withdraws Rs 15.43 Crore Tax Demand SCN

Punjab Vigilance Bureau caught eight people, including six government employees, in bribery cases in September, while filing 23 chargesheets and continuing its statewide anti-corruption drive.

Punjab Vigilance Bureau Catches 8, Including 6 Government Employees, in Six Bribery Cases in September

Income Tax officials raided RR Hospital in Jhunjhunu, Rajasthan, examining computers, financial records and staff mobile phones as part of a wider reported operation across Rajasthan and Haryana.

Income Tax Raid at RR Hospital in Rajasthan, Computers and Mobile Phones Examined

Judgement

The ITAT remanded the Rs 44.08 lakh sundry creditor addition under Section 68 and rejection of Rs 17.91 lakh agricultural income to the AO for fresh examination of the supporting evidence.

ITAT Remands Rs 44.08 Lakh Creditor Addition and Rs 17.91 Lakh Agricultural Income Claim for Fresh Review

The Supreme Court held that tax classification must be determined by the Form of Goods at the Time of Sale and not their Subsequent Use.

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RBI Imposes Monetary Penalty on Bihar-Based Monghyr-Jamui Central Co-operative Bank for Non-Compliance With KYC Guidelines

Voltas Limited Gets Complete Relief as GST Department Withdraws Rs 15.43 Crore Tax Demand SCN

Punjab Vigilance Bureau Catches 8, Including 6 Government Employees, in Six Bribery Cases in September

Income Tax Raid at RR Hospital in Rajasthan, Computers and Mobile Phones Examined

ITAT Remands Rs 44.08 Lakh Creditor Addition and Rs 17.91 Lakh Agricultural Income Claim for Fresh Review

Supreme Court Holds GRD Powder and GRD Mix Not Taxable as Non-Alcoholic Beverages