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 

Judgement

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

Aditya Infotech Limited has disclosed that Avathon Inc. and SparkCognition India Private Limited have dropped the ICC arbitration proceedings against the company following mutual discussions. 

Avathon and SparkCognition Withdraw Arbitration Proceedings Against Aditya Infotech After Mutual Discussion

The RBI has warned Indian banks of rising cyberattacks and AI-driven threats, urging stronger cybersecurity measures and tighter controls over vulnerable systems.

RBI Sounds Alarm Over Rising Cyberattacks, Pushes Banks to Strengthen AI Defences

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