Bombay High Court held that Court cannot exercise its discretionary jurisdiction to restrain income tax officers from proceedings with assessment proceedings where huge unaccounted income in accommodation entry has been detected.
DGFT amends Appendix 2K of FTP 2023, introducing a ₹500 registration fee for import monitoring systems. Details on other fees and refunds provided.
ITAT Hyderabad rules no surcharge on Sriram Trust’s income under ₹50 lakh, clarifying surcharge applies only as per thresholds in the Finance Act.
GSTN introduces Phase-III changes to GSTR-1 from April 2025 with dropdown HSN selection, tab-wise B2B/B2C reporting, and value validations to improve compliance.
ITAT Mumbai rules on Anushka Shah vs ITO case, addressing capital gains taxability on mutual fund units under the India-Singapore DTAA.
Explore how MNCs used the Double Irish & Dutch Sandwich strategy to avoid taxes and the global efforts made to close these loopholes with a 15% minimum tax rate.
Kerala High Court directs authority to address limitation issue before proceeding with CGST notice in K.M. Siddique vs State of Kerala case.
J&K High Court allows GST registration restoration for Sheikh Yousuf, subject to tax compliance, following earlier similar rulings on delayed appeals.
ITAT Pune remands Nirmal Foundation’s 12A registration case, imposing ₹2,500 cost for non-compliance. Case sent back to CIT(E) for final opportunity.
Patna High Court upholds Section 148 notice to Abha Saraf, ruling it was issued within extended limitation due to Supreme Court’s COVID-related order.
