Explore how global bullion banks like JPM and HSBC generate revenue. Key streams include trading, custody fees, leasing, and derivatives. Learn about their profit strategies.
The ICAI President’s September 2025 message highlights sustainability, new tax laws, and the Institute’s role in nation-building, with a focus on green finance and technological advances.
The DGGI Belagavi Zonal Unit has uncovered a ₹145 crore fake invoice scam, leading to a ₹43 crore tax evasion. One individual has been arrested in connection with the case.
Supreme Court ruled that documents like a GPA and an unproven Will cannot transfer property title. The case reinforces principle that a registered sale deed is mandatory.
Andhra Pradesh High Court held that non-mentioning of Document Identification Number [DIN] in show cause notice uploaded on GST portal requires quashing of show cause notice. Accordingly, writ disposed of.
Assesee registered under the provisions of the Central Goods and Services Tax (CGST) Act, 2017/Assam Goods and Services Tax (AGST) Act, 2017. Present petition is preferred by the petitioner/ assessee mainly contesting cancellation of GST registration.
Delhi High Court directs Centre to fill 20 vacant IAF flying posts after NDA 2023 exam, ruling women candidates cannot be denied on gender grounds.
The Delhi High Court upheld the quashing of a penalty imposed under Section 271(1)(c) of the Income Tax Act. The court ruled that the penalty notice was invalid because it failed to specify whether the penalty was for ‘concealment of income’ or ‘furnishing inaccurate particulars’.
It is settled proposition of law that CBDT circulars are binding on department and it has to be strictly followed by officers of department. AO cannot be permitted to travel beyond the issues for which case was selected for limited scrutiny without taking mandatory permission from concerned PCIT or Pr.CCIT.
CBDT modifies Circular No. 9 of 2022, extending the deadline for investments under clause 23FE of the Income-tax Act from March 2025 to March 2030.
