Gujarat High Court issues returnable notice on a writ petition challenging a Section 130 GST confiscation order where MOV forms were issued two months after vehicle detention.
Calcutta High Court upholds reopening of assessment for a company receiving cash credit from a shell entity providing bogus LTCG/STCG, citing valid reasons and assessee’s failure to explain the transaction.
Mumbai ITAT declares hardship compensation received by flat owners during re-development as a non-taxable capital receipt, citing judicial consistency.
Gujarat High Court quashes faceless assessment order for Maa Padmavati Exports, citing tax unit’s disregard for earlier order on cross-examination.
Allahabad High Court upholds GST demand exceeding show cause notice, citing taxpayer’s failure to explain discrepancies or produce requested documents.
Imported steel and steel products must now adhere to Indian Standards per the 2024 Quality Control Order, effective June 16, 2025.
File your pending GST returns now. A three-year filing limit, effective from July 2025, will bar older returns as per the Finance Act, 2023.
Orissa High Court sets aside rejection of Harsheel Auto Planet’s GST appeal over pre-deposit, directs re-hearing on merits after allowing deposit.
India’s DGFT invites applications for Pharma Grade Sugar exports (25,000 MT quota) until July 20, 2025. Requirements include a drug manufacturing license and NABL reports.
SEBI’s 210th Board meeting on June 18, 2025, approved regulatory amendments to simplify public issues, mandate dematerialization, streamline QIPs, ease PSU delisting, and enhance operations for AIFs, REITs, InvITs, Merchant Bankers, and Debenture Trustees.
