Delhi High Court held that Petitioner was clearly hand-in-glove with M/s. Balaji [non-existing supplier] and has enabled loss to the exchequer by fraudulently availing ITC without actual supply of goods or services. Accordingly, writ dismissed and order blocking of ITC in electronic cash ledger upheld.
The NCH received 3,981 GST-related calls post-2025 reforms. Grievances mainly concerned milk, electronics, LPG, and petrol prices due to common tax misperceptions.
ESIC launched a one-time Amnesty Scheme (Oct 2025-Sept 2026) to settle pending court cases on ESI contribution, coverage, and damages, promoting compliance.
FSSAI issues draft rules banning PFAs and BPA in food contact materials; stakeholders can submit objections within 60 days of Gazette publication.
ITAT Delhi held that addition towards undisclosed source of income cannot be sustained merely because this amount is not reported in Tax Audit Report since transaction is duly recorded in books of accounts.
Delhi High Court held that retention of seized property without adhering to section 20 of Prevention of Money Laundering Act, 2002 [PMLA] is contrary to statutory framework and accordingly unsustainable in law. Hence, present appeal is allowed and order set aside.
Delhi High Court held that in terms of section 35L of the Central Excise Act, 1944 when issues of determining taxability or valuation are involved, the appeal would lie to the Supreme Court. Accordingly, appeals are disposed of.
GST reforms lower costs across AP, making dairy, cars, and medicine cheaper. Cuts also boost fisheries, pharma, and handicrafts, strengthening state competitiveness.
Delhi High Court held that under Section 148A of the Income Tax Act, both the Jurisdictional Assessing Officer and Faceless Assessing Officer possess concurrent jurisdiction to issue reassessment notices, reaffirming its earlier ruling in TKS Builders Pvt. Ltd.
Reiterating its view from K.S. Builders Pvt. Ltd., the Delhi HC held that both Jurisdictional and Faceless Assessing Officers have concurrent powers to issue reassessment notices under Section 148 of the Income Tax Act.
