RBI issues revised master circular directing banks to enhance credit access for SC/STs through focused schemes, planning, and periodic performance reviews.
The RBI released new Master Directions for Electronic Trading Platforms (ETPs), effective June 16, 2025, updating the regulatory framework and setting criteria for operation.
Calcutta High Court upholds quashing of an assessment order due to the Assessing Officer’s inherent lack of jurisdiction, citing CBDT instructions on nil income cases.
Calcutta HC stays GST assessment order for FY19-20, questioning Section 168A force majeure extension. Petitioner argues time-barred order and improper ITC reversal. Ongoing legal debate on GST limitation period.
Jharkhand High Court mandates GST reimbursement for government contractors on pre-GST contracts, reinforcing fair play and equality, citing prior judicial precedents.
Delhi High Court quashes GST orders against National Enterprises, mandating an opportunity for hearing even after registration cancellation, as notices were not served.
ITAT Pune remands Sai Shikshan Prasarak Mandal’s exemption case (Sec 10(23C)(iiiad)) to CIT(A), citing lack of fair hearing. Delay condoned based on Supreme Court’s Katiji precedent.
ITAT Cochin partially allowed an NRI assessee’s appeal, restricting the disallowance of construction costs to Rs. 10 lakhs from Rs. 1.3 crore and deleting the cost of improvement, citing lack of documentary evidence.
Delhi High Court directs assessee to appellate remedy for ITC denial due to delayed GSTR-3B filing, citing factual issues and available statutory appeal under CGST Act.
Allahabad High Court disposes of petition regarding electronic credit ledger blocking after clarification, addressing the petitioner’s concerns.
