The ITAT Mumbai deleted an addition of ₹46 lakh in the Rekha Rajesh Jogani case, ruling that the Income Tax Department cannot rely solely on general ‘penny stock’ investigation reports to deny Long Term Capital Gains (LTCG).
Manipur GST (Second Amendment) Ordinance, 2025, aligns state law with Central GST changes from the Finance Act, 2025. Key amendments cover tax on penalty appeals, ITC restrictions, and the new Track and Trace mechanism for specified goods.
Building wealth may seem difficult, especially if you are starting small. However, with mutual funds and the discipline of regular investing, even modest beginnings can lead to significant outcomes.
Calcutta High Court ruled that GST registration cannot be cancelled retrospectively if the show cause notice lacks clear allegations or retrospective proposal.
Andhra Pradesh High Court held that recovery or bank account attachment is impermissible after 10% pre-deposit under Section 107 of the GST Act.
Supreme Court held that only up to three adjournments may be granted under GST law and denial beyond this does not violate natural justice principles.
Issuance of a valid notice under section 143(2) was mandatory and non-issuance or belated issuance vitiated the assessment. Accordingly, Tribunal quashed the reassessment order passed under section 147 r.w.s. 144B as being void ab initio.
Former Supreme Court Justice Markandey Katju argues the demand for a Western UP High Court Bench is justified due to the financial and logistical burden on litigants. It’s an overdue step for equitable access to justice.
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Analysis of ITC refund eligibility for traders under inverted duty structure after GST rate reduction from 28% to 18%, and related court rulings.
