Judgement

The ITAT Ahmedabad decided in favour of Hiralben Jineshbhai Bavisi, holding that cash deposits in her bank account constituted business receipts and not unexplained income, deleting the prior addition.

Unexplained Cash Deposits: ITAT Ahmedabad Grants Relief to Small Homemade Food Business

The 57th GST Council meeting on October 7 may bring key reforms on ITC, e-invoicing, registration and GST procedures.

57th GST Council Meeting: New Date Announced And Big GST Changes Expected

Om Power Transmission faces no liability after the tax authority dropped the Rs 1.12 crore ITC allegation and related interest and penalty proceedings for FY23.

Om Power Transmission Gets Favourable Tax Order, Rs 1.12 Crore ITC Allegation Dropped, No Tax or Penalty Liability

SIB raids near BLW uncover alleged Rs 4.25 crore GST evasion involving a railway contractor and a tent house.

Railway Contractor, Tent House Under GST Scanner After SIB Detects Rs 4.25 Crore Tax Evasion Near BLW

The Bombay High Court has quashed the GST proceedings against Dharma Productions Pvt. Ltd. and Dharmatic Entertainment Pvt. Ltd. for licensing of copyright in cinematographic films 


High Court Holds Cinematographic Film Licensing Cannot Be Treated as IT Software Merely Because Content Is Delivered Digitally

Begusarai Tax Practitioners Association has urged the CBDT to extend the September 30, 2026, tax audit deadline to October 31, citing Bihar floods, portal issues, delayed utilities and compliance difficulties.

Begusarai Tax Practitioners Association Seeks Extension of TAR, Forms 10B/10BB, and ITR Due Dates for AY 2026-27 

IMFA faces a Rs 38.98 lakh Income Tax penalty over capital gains from an FY23 property sale and is considering an appeal.

IMFA Receives Rs 38.98 Lakh Income Tax Penalty Order Over Capital Gains From Property Sale

The Union Cabinet has approved a new Bill to increase the number of Supreme Court judges from 33 to 37, excluding the Chief Justice, aiming for faster justice and better case handling.

Supreme Court Judge Strength to Increase from 33 to 37 for Faster Justice

The Tribunal examined the DGAP report; found that ITC benefits were already passed to buyers; held no profiteering occurred; accepted the closure report; and dismissed the proceedings against the respondent company.

Builder Cleared of Profiteering Charges After Passing Excess ITC Benefit to Homebuyers: GSTAT

Jubilant Ingrevia Limited received a GST penalty order confirming demand for FY 2017-18, alleging wrongful ITC use, and stated it planned to file an appeal before GSTAT.

Jubilant Ingrevia to Challenge Rs 2.03 Crore GST Demand Before GSTAT

Gobind Jain filed a Rs 70 crore lawsuit against IndusInd Bank, alleging wrongful termination without due process, seeking reinstatement, unpaid dues, and reputational damages in the Bombay High Court.

Rs 70 Crore Claim Row: Ex-CFO Gobind Jain Moves Bombay High Court Against IndusInd Bank Over Alleged Wrongful Dismissal

Dream Sports launched DreamStreet, its new retail broking platform, marking entry into financial services. The platform offered equity and ETF trading with AI tools to simplify investing for users.

Dream Sports Launches Dream Street: AI-Powered Entry into India’s Retail Broking Market

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The Bombay High Court holds GIA India Not Liable to Deduct TDS on Payments to GIA US.

High Court Holds AO Cannot Disregard Binding ITAT Ruling on Permanent Establishment 

Loudspeaker Is On Association has urged the Finance Minister to extend the AY 2026-27 Tax Audit Report due date to October 31, citing delayed utilities, compressed timelines and increased compliance requirements.

TAR Filing for AY 2026-27: Loudspeaker Is On Association Urges FM to Extend Due Date to October 31

Jamnagar Tax Consultants’ Association has urged the CBDT to extend the AY 2026-27 Tax Audit Report deadline to October 31, citing utility delays, overlapping compliances and GST reconciliation challenges.

Unexplained Cash Deposits: ITAT Ahmedabad Grants Relief to Small Homemade Food Business:

Unexplained Cash Deposits: ITAT Ahmedabad Grants Relief to Small Homemade Food Business

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