News

The ITAT allowed Geecee Ventures Limited’s appeal, holding the Section 148 notice invalid due to the absence of approval from the specified authority under Section 151 and declaring the consequential reassessment order void ab initio.

ITAT Quashes Reassessment Order Against Geecee Ventures Over Lack of Section 151 Approval From Specified Authority

Judgement

The ITAT Mumbai allows key tax deductions and remands head office expenses for fresh examination.

ITAT Deletes Disallowances on Foreign Currency Loan Interest and Forex Loss in American Express Bank Case

India has withdrawn the special tax benefit for banks importing gold, silver and platinum, making them liable to pay 3% IGST to ensure tax parity across different import routes.

India Withdraws Tax Benefits for Banks on Gold, Silver and Platinum Imports

Articles

The 57th GST Council proposes major changes to arrest provisions, prosecution thresholds and penalties to simplify GST compliance and promote a taxpayer-friendly system.

57th GST Council Meeting: Proposed Removal of Arrest Provision Under Section 69 and Changes to Prosecution Rules

STA files two cybercrime complaints over fake e-challan payment scams and suspected unauthorised alterations to learner’s licence data on the Sarathi portal.

STA Files Two Cybercrime Complaints Over Fake E-Challan Messages, Sarathi Data Alteration

Punjab CM’s OSD Rajbir Singh Ghuman challenges the CBI probe and Sangrur raid over alleged lack of prior approval.

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ITAT Quashes Reassessment Order Against Geecee Ventures Over Lack of Section 151 Approval From Specified Authority

ITAT Deletes Disallowances on Foreign Currency Loan Interest and Forex Loss in American Express Bank Case

India Withdraws Tax Benefits for Banks on Gold, Silver and Platinum Imports

57th GST Council Meeting: Proposed Removal of Arrest Provision Under Section 69 and Changes to Prosecution Rules

STA Files Two Cybercrime Complaints Over Fake E-Challan Messages, Sarathi Data Alteration

Punjab CM Bhagwant Mann’s OSD Rajbir Singh Ghuman Moves High Court Against CBI Probe, Challenges Search of Sangrur Residence Without Prior Approval