News

Eureka Forbes has received a Rs 273.40 crore GST SCN, which it plans to challenge, citing reliance on PAN-India financial data without establishing transaction-level liability for its Uttar Pradesh GST registration.

Eureka Forbes Receives Rs 273.40 Crore GST Show Cause Notice, Calls Demand Unsustainable

GST officials in Visakhapatnam allege Rs 54.60 crore duty evasion by a pan masala unit, seizing three undeclared packing machines and arresting its proprietor.

Visakhapatnam GST Officials Detect Alleged Rs 54.60 Crore Duty Evasion in Pan Masala Unit, Three Undeclared Packing Machines Seized

GST authorities have proposed reducing Equitas Small Finance Bank’s demand from Rs 533.81 crore to Rs 23.95 crore following its submissions on exemption of interest income from loans and advances.

Equitas Small Finance Bank Limited Secures Reduction in GST Demand from Rs 533.81 Crore to Rs 23.95 Crore

Judgement

The ITAT Delhi held that Investigation Wing Report and SEBI findings alone cannot establish bogus LTCG without independent evidence.


ITAT Deletes Section 68 Addition on LTCG from Penny Stocks for Lack of Direct Evidence

ITAT condoned a 2,027-day delay and remanded Section 10(26AAA) Sikkim Old Settler exemption dispute for fresh adjudication by the AO.

ITAT Remands Rs 1.83 Crore Section 10(26AAA) Sikkim Old Settler Tax Exemption Dispute After Condoning 2,027-Day Delay

ITAT Pune deleted a Rs 11.78 lakh Section 69A addition after accepting retirement benefits, agricultural income and small loans as sufficient sources for the cash deposits.

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Eureka Forbes Receives Rs 273.40 Crore GST Show Cause Notice, Calls Demand Unsustainable

Visakhapatnam GST Officials Detect Alleged Rs 54.60 Crore Duty Evasion in Pan Masala Unit, Three Undeclared Packing Machines Seized

Equitas Small Finance Bank Limited Secures Reduction in GST Demand from Rs 533.81 Crore to Rs 23.95 Crore

ITAT Deletes Section 68 Addition on LTCG from Penny Stocks for Lack of Direct Evidence

ITAT Remands Rs 1.83 Crore Section 10(26AAA) Sikkim Old Settler Tax Exemption Dispute After Condoning 2,027-Day Delay

ITAT Grants Major Relief to Retired Maharashtra Government Employee, Deletes Rs 11.78 Lakh Unexplained Cash Addition Under Section 69A