News

The Centre has raised petrol export tax to Rs 2.5 per litre and cut diesel export duty to Rs 8.5 per litre, while keeping ATF duty unchanged.

Centre Hikes Windfall Tax on Petrol Exports to Rs 2.5 per Litre, Cuts Diesel Export Duty to Rs 8.5

Judgement

The GSTAT dismissed appeals and upheld penalties of Rs 1.81 lakh and Rs 2.47 lakh for transporting goods under expired e-way bills, ruling that proof of intent to evade tax is not mandatory under Section 129 of the CGST/SGST Act, 2017.

Intent to Evade Tax Not Necessary for Penalty Under Section 129 for Expired E-Way Bills, Holds GSTAT

The ITAT Delhi holds revision unsustainable on debatable issue of taxability of interest on enhanced compensation.

ITAT Holds Section 263 Revision Invalid on Taxability of Interest Under Section 28 of Land Acquisition Act

The ITAT Mumbai holds banking transactions alone cannot establish loan genuineness.


ITAT Upholds Section 68 Addition for Bogus Loans But Restricts Estimated Profit to 2% of Sales

The MCA and ICSI will conduct an AOC-4 user awareness session on October 19, 2026, amid portal glitch concerns and extension requests, while the October 29 filing deadline remains unchanged.

MCA and ICSI to Hold User Awareness Session on Form AOC-4 Filing Amid Glitches on MCA-21 Version-3 Portal

Pinarayi Vijayan moves the Supreme Court challenging the Kerala High Court’s FIR order in the alleged CMRL bribery case, seeking protection from coercive action.

Pinarayi Vijayan Moves Supreme Court Challenging Kerala High Court Order to Register FIR in CMRL Alleged Bribery Case

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