GST Order Quashed: Allahabad High Court mandates personal hearing for adverse Section 73 CGST Act orders, reinforcing assessee rights.
Supreme Court mandates comprehensive reforms in NEET-PG counseling to curb seat blocking, enhance transparency, and ensure merit-based admissions, reducing compensation for petitioners.
Section 270AA of the Income Tax Act offers immunity from penalty and prosecution for under-reported income if taxpayers accept assessment, pay tax and interest, and do not file an appeal.
High Court quashes GST ITC blocking and bank account attachment, citing lack of pre-decisional hearing, insufficient reasons, and non-compliance with Section 83 and Rule 86A.
The Bombay High Court has stayed GST levy on corporate guarantees, challenging supply of services classification. This raises legal dilemmas, impacting businesses and tax implications.
ITAT Agra rules LLP’s decision to audit accounts qualifies for extended IT return due date, enabling business loss carry forward despite initial denial by CPC.
Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act is liable to be quashed in as much as source of funds for purchasing crypto currency duly explained. Accordingly, order quashed.
ITAT Mumbai held that addition under section 69A of the Income Tax Act towards cash deposited in the bank account during demonetization period deleted since source of cash deposit duly explained.
The Ministry of Finance issued Notification 30/2025-Customs, amending Notification 55/2022-Customs. This alters an entry in the specified table, effective May 23, 2025.
FSSAI’s new guidelines establish criteria for accepting recycled PET (FCM-rPET) in food contact materials, outlining approved recycling processes, testing, and authorization requirements for manufacturers.
