News

CBIC has invited stakeholder feedback on the proposed alternate mechanism for amending GST liabilities and input tax credit in FORM GSTR-3B to minimise mismatches and reduce compliance notices.

CBIC Invites Public Consultation on Alternate Mechanism for Amendment of Liability and ITC in FORM GSTR-3B 

LG Electronics India faces a total customs duty, redemption fine and penalty demand of approximately Rs 1.06 crore over the classification of imported commercial signage displays.

Customs Department Imposes Rs 1.06 Crore Duty, Fine and Penalty on LG Electronics India

Judgement

The Karnataka High Court holds that applications under Section 119(2)(b) cannot be rejected by examining the merits of revised return claims.

High Court Sets Aside Rejection of Condonation Applications for Revised Returns for Five Assessment Years

The ITAT Mumbai held that refund of cancelled sub-lease advance not taxable if properly verified.

ITAT Remands Sub-Lease Advance and Charitable Expenditure Claims for Verification

The ITAT Mumbai directs recalculation of operating margin, observing that EPR revenue and related expenditure must be considered consistently.


ITAT Holds EPR Income Must Be Treated as Operating Income While Computing Transfer Pricing Margin

Tata Teleservices Maharashtra has received a Rs 1.02 lakh penalty from TRAI for failing to curb unsolicited commercial communications through its network.

TRAI Imposes Rs 1.02 Lakh Penalty on Tata Teleservices Maharashtra for Failure to Curb Spam Calls and Messages

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