Understand the evolving GST implications for renting residential and commercial properties in India, including changes in forward charge and reverse charge mechanisms.
ITAT Kolkata held that compensation received for failure of performance guarantee parameter of capital assets [Wind Turbine Generators] is in nature of capital receipt and hence outside the purview of taxation. Accordingly, appeal of assessee allowed.
Orissa High Court held that disallowance of input tax credit under GST without granting proper opportunity to substantiate the claim is not justified. Accordingly, ex-parte order passed is liable to be set aside and matter remanded back.
ITAT Jodhpur held that issuance of re-assessment notice under section 148 of the Income tax Act to non-existent firm and to deceased partners is invalid issuance of notice. Accordingly, order passed thereon is liable to be quashed.
ITAT Raipur held that ex-parte order passed by CIT(A) is liable to be set aside since there were justifiable reasons for the assessee trust of having remained unaware about the on-going appellate proceedings before the CIT(A). Accordingly, matter restored back for fresh consideration.
SEBI mandates automated trading window closure for immediate relatives of designated persons ahead of financial results, per new circular and FAQs.
RBI’s MPC cut the repo rate to 5.50% and shifted to a neutral stance in June 2025, aiming to balance inflation targeting with support for economic growth.
A new finance ministry notification grants TDS exemptions for specific payments to International Financial Services Centre (IFSC) units, effective July 1, 2025.
FSSAI revises 2018 Alcoholic Beverages Regulations, introducing new definitions for RTDs, country liquors, honey wine, and craft beer. Changes effective January 1, 2026.
Supreme Court grants bail to Vishal Agarwal in a case involving alleged public exchequer loss. Bail approved as chargesheet filed and evidence is documentary.
