Delhi HC ruled in Sahara India Life Insurance Co. case that Section 271(1)(c) penalty is invalid if notice fails to specify whether it pertains to income concealment or inaccurate particulars.
Calcutta High Court orders ADM and AEO to reconsider Pinki Construction’s GST reimbursement for post-July 2017 works contracts based on notification.
Sikkim High Court allows GST ITC refund for closed business (SICPA India Pvt. Ltd.), ruling that retaining unutilized credit is unjust and unconstitutional.
An assessee’s appeal against a 2018-19 tax assessment regarding unexplained receipts from a foreign loan repayment. This case details the arguments, evidence presented, and the final decision.
Taxpayers face auto-population issues in GST amnesty Forms SPL-01/02 for demand orders and pre-deposits. File applications and attach payment proof for verification.
Allahabad High Court quashes ITC denial for bona fide buyers when sellers fail to deposit tax, reinforcing that buyers are not responsible for supplier non-compliance.
ICAI offers free Live Virtual Classes for CA Inter May 2026, Sept 2026, & Jan 2027 exams, starting July 21. Access schedule, syllabus, and joining details.
Calcutta High Court directs WBSRDA to re-examine GST reimbursement for Pinki Construction’s post-July 2017 works contracts, clarifying notification applicability.
Understand deposit regulations under the Companies Act 2013, including eligible entities, exemptions, compliance requirements, and penalties for non-adherence.
RBI’s ₹2 lakh penalty cap for residual FEMA violations reflects a progressive shift—recognizing the difference between serious non-compliance and innocent procedural errors. If you’ve had small FEMA oversights in the past, now is the time to proactively fix them under this simplified regime.
