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Archive: 29 May 2025

Posts in 29 May 2025

CESTAT Upholds Rambagh Palace Cenvat Credit Claim

May 29, 2025 330 Views 0 comment Print

The CESTAT Delhi has ruled in favor of Rambagh Palace Hotel Pvt. Ltd., allowing full Cenvat credit on management consultancy services, citing judicial precedents.

Allahabad High Court Stays ₹16 Crore GST Demand on Snack Foods

May 29, 2025 735 Views 0 comment Print

Allahabad High Court has stayed a ₹16.85 crore GST demand against Shree Girraj Food Products, questioning the classification of savoury snacks and the invocation of the extended limitation period.

Delhi HC Upholds Jail Sentence For Lawyer Who Abused Female Judge

May 29, 2025 522 Views 0 comment Print

Delhi High Court upholds jail sentence for an advocate convicted of abusing a female judge, citing the act as a direct assault on the justice system. Sentences to run concurrently.

Interest on Income Tax Refund: ITR Filing due date Extension Implication

May 29, 2025 2262 Views 1 comment Print

CBDT extends ITR filing for AY 2025-26 to Sept 15, 2025. Learn about interest on income tax refunds under Section 244A and its tax implications.

RBI Amends Government Securities STRIPS Regulations

May 29, 2025 699 Views 0 comment Print

The RBI has updated its STRIPS notification, replacing PDO-NDS with e-Kuber for operations and revising eligibility for stripping of central and state government fixed coupon securities.

Misleading YouTube Videos Fuel Pump-&-Dump Scheme: SEBI Penalises Promoters, Operators & Finfluencers

May 29, 2025 3981 Views 0 comment Print

SEBI finds SBL promoters guilty of a pump-and-dump scheme; imposes market bans and penalties. Misleading YouTube videos misled retail investors.

FSSAI Notifies Updated List of Referral Food Labs

May 29, 2025 1503 Views 0 comment Print

FSSAI’s May 2025 notification updates the list of 22 authorized referral food laboratories across India for food safety testing and analysis.

CBDT Adds Sikkim to Section 80-IE Deduction List

May 29, 2025 1203 Views 0 comment Print

CBDT corrigendum adds Sikkim to the list of eligible states for income tax deductions under Section 80-IE for North-Eastern undertakings.

CBDT Updates Section 80-IE Deduction Schedule

May 29, 2025 1542 Views 0 comment Print

CBDT issues corrigendum adding Sikkim to Schedule 80-IE for income tax deductions under Section 80-IE for North-Eastern undertakings.

Refund not attained finality but released on Court’s orders? – Need for caution

May 29, 2025 1986 Views 0 comment Print

Delhi High Court directs release of GST refund with interest, affirming Appellate Authority’s order, cautioning taxpayers about potential interest if order is reversed later.

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