Calcutta High Court overturns GST registration cancellation for ED And F Man Commodities, citing defective show cause notice and natural justice violation. Case remanded for fresh proceedings.
The Allahabad High Court set aside a GST demand issued against a deceased proprietor, ruling that proceedings must be initiated against legal heirs with proper notice.
Allahabad High Court quashes penalty under Section 129(3) of UP GST Act for unfilled E-Way Bill Part B, ruling that technical breach alone, without tax evasion intent, does not warrant penalty.
Stay informed on India’s dynamic tax, GST, customs, and regulatory landscape. This weekly summary for June 9-15, 2025, covers key updates, court rulings, and policy changes from IT, DGFT, SEBI, MCA, IBBI, and RBI.
ITAT Chandigarh held that every error is not required to be corrected under Section 263 of the Income Tax Act. Revisionary proceedings u/s. 263 quashed as plausible view taken by the Assessing Officer.
Mumbai ITAT rules that notional rent on unsold flats held as stock-in-trade is taxable as ‘Income from House Property’ for periods even prior to AY 2018-19, affirming previous Delhi High Court judgments.
Understand India’s E-Way Bill regulations, including statutory provisions, covered movements, exemptions, and required documentation. Learn about applicable penalties for non-compliance and review significant judicial interpretations influencing e-way bill enforcement.
In India, valuation of shares plays a crucial role in corporate transactions such as fundraising, mergers, employee stock options, and foreign investments. Two major legal frameworks govern share valuation: the FEMA and Companies Act, 2013.
DGFT Notification 18/2025-26 restricts import of Palladium, Rhodium, and Iridium alloys with over 1% gold content under ITC (HS) 2022, Chapter 71.
Income Tax Notification 61/2025 grants tax exemption to Puducherry Planning Authority from AY 2024-25 under Section 10(46A) of Income-tax Act, 1961.
