Bombay High Court confirms full disallowance of expenses on unproven purchases, citing failure to prove genuineness and reliance on precedent.
Stay updated on GST compliance for FY 2025-26. Learn about e-invoicing, ISD, credit note management, ITC reconciliations, HSN codes, and key procedural changes.
Delhi HC addresses BCI appeal on Deayoung Jung’s enrolment. Reciprocity, AIBE results, and compliance issues are highlighted in the order.
ITAT Mumbai rules alternate accommodation payments not liable for TDS under Section 194IC in Nathani Parekh Constructions case.
ITAT Mumbai allows Sonal Shah’s appeal, quashing reassessment for AY 2012-13 based on borrowed satisfaction and deleting bogus LTCG addition under Sec 68.
Calcutta High Court sets aside GST penalty for goods detention, finding no evidence of tax evasion or misclassification by the appellant.
Bombay HC dismisses tax appeals below new monetary limits (Circular 9/2024), finding exceptions (Circular 5/2024) apply prospectively, not to pending cases.
SEBI provides clarifications on Specialized Investment Funds (SIF) rules regarding interval scheme maturity and minimum investment threshold (now ₹10 lakh aggregate).
SEBI establishes a high-level committee chaired by Shri Pratyush Sinha to review and enhance rules on conflict of interest and disclosures for its members and officials.
RBI’s April 2025 monetary policy: Repo rate reduced by 25 bps to 6.00%, stance shifts to accommodative to support growth amid benign inflation.
