GMK Constructions withdrew its GST advance ruling application as related issues are pending before the High Court and appellate authorities.
Tulasi Industries withdrew its GST advance ruling request on ITC refunds under the inverted duty structure. The application was disposed of without a decision.
Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new tax regime details.
The new Income Tax Bill consolidates provisions for non-profits, covering registration, taxation, compliance, and capital gains rules. Key changes take effect from 2026.
ITAT Pune cancels penalty imposed on Balbir Kaur Birdie for non-compliance with tax notices, citing reasonable cause due to COVID-19 and technical issues.
The government revises wheat stock limits for traders, retailers, and processors until March 31, 2025, to ensure price stability and prevent hoarding.
Orissa High Court quashes order under Section 74 of CGST Act citing jurisdictional error. Show-cause notice lacked allegations of misstatement.
The Ministry of Finance issues Notification 15/2025-Customs, amending Notification 50/2017. Changes impact S.No. 551 and 555, effective immediately.
ITAT Ahmedabad upholds ₹4.64 crore addition under Section 69A due to unexplained bank transactions and lack of cooperation from the assessee in tax proceedings.
ITAT Pune rules that taxpayers must disclose cash-in-hand, bank balances, and receivables, even under the Presumptive Taxation Scheme, for accurate tax assessment.
