Key notifications from Income Tax, GST, RBI, and IBBI covering amendments, clarifications, and updates for the week of 27th January to 2nd February 2025.
CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches in 18 locations across India.
ITAT Chandigarh allows full deduction under Section 54F for Sher Singh’s construction on land owned by his mother, setting aside the A.O.’s capital gain addition.
Explore whether issuing a GST summons qualifies as the initiation of proceedings, affecting parallel actions under Section 6(2)(b) of the CGST/SGST Act.
GST advisory clarifies E-Way Bill rules for goods under Chapter 71, excluding HSN 7117. Mandatory in Kerala; voluntary EWB generation withdrawn elsewhere.
Delhi HC examines NFRA’s jurisdiction in issuing show-cause notices to Engagement Quality Control Reviewers (EQCRs) under Section 132(4)(c) of Companies Act, 2013.
Explore recent court rulings on GST appeal timelines, SCN-related orders, ECL blocking, and refund claims, shedding light on tax procedures.
Government policies discourage savings by reducing tax benefits under the Old Tax Regime, impacting those with housing loans and insurance commitments.
IBBI Disciplinary Committee reviews the case of Insolvency Professional Anil Kumar Mittal for excessive fees during CIRP proceedings of M/s Divineseair Logistics.
Budget 2025 includes changes in direct taxes, GST amendments, and tax compliance measures, focusing on simplified taxation and improved ease of business.
