Articles

The Income Tax Department has released the data on gross direct tax, refunds, and net direct tax collections for the financial year 2026-27 as of October 14, 2026.

Income Tax Dept Releases Data for Direct Tax Collection for FY 2026-27 as of October 14, 2026

News

Punjab Finance Minister Harpal Singh Cheema reveals Rs 429.30-crore GST fraud involving 62 linked firms, fake invoices and e-way bills, as police launch a detailed investigation.

Major GST Fraud Exposed in Punjab as Investigation Reveals 62 Linked Firms and Suspected Fake Billing Network

The CBI has arrested  the Executive Director of Munition India Ltd. (MIL) and two other private persons in a bribery case in exchange for extending official favours.

CBI Apprehends MIL Executive Director for Demanding Bribe in Exchange for Extending Official Favours 

BCCL plans to file a review petition after the Supreme Court upheld a Rs 46.20 crore payment decree in a contract dispute with ATLibra BPL.

Supreme Court Rejects BCCL’s Appeal in Overburden Removal Contract Case; Company Plans Review Petition

The CBI Court, Shimla, sentenced 11 accused, including two former Canara Bank officials and Colour Camp Industries, to four years of rigorous imprisonment.

Canara Bank Fraud Case: CBI Court Sentences 11 Accused to 4 Years’ Rigorous Imprisonment, Imposes Rs. 19.75 Lakh Penalty

Notifications

The Ministry of Finance has notified amendments to the India-Mauritius tax treaty, introducing Article 27B to deny treaty benefits in certain arrangements where obtaining such benefits was one of the principal purposes.

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Income Tax Dept Releases Data for Direct Tax Collection for FY 2026-27 as of October 14, 2026

Major GST Fraud Exposed in Punjab as Investigation Reveals 62 Linked Firms and Suspected Fake Billing Network

CBI Apprehends MIL Executive Director for Demanding Bribe in Exchange for Extending Official Favours

Supreme Court Rejects BCCL’s Appeal in Overburden Removal Contract Case; Company Plans Review Petition

Canara Bank Fraud Case: CBI Court Sentences 11 Accused to 4 Years’ Rigorous Imprisonment, Imposes Rs. 19.75 Lakh Penalty

India-Mauritius DTAA Amended to Prevent Tax Avoidance and Treaty Abuse: New Article 27B Introduces Anti-Abuse Rules