Indian Overseas Bank invites applications from eligible CA firms for concurrent audit empanelment for 2026-27. Apply online by June 10, 2026.
The Court held that an advocate filing GST appeals and adopting a legal interpretation on behalf of a client cannot be prosecuted for conspiracy merely for performing professional duties.
The Supreme Court refused to interfere with the Delhi High Court order quashing a GST demand passed under Section 73 due to violation of natural justice. The High Court held that granting less than one effective working day to respond to voluminous documents was not a meaningful hearing.
The Kolkata ITAT held that reassessment proceedings were invalid where the reasons initially supplied related to a different company and the reopening was based on mechanical satisfaction. The Tribunal ruled that borrowed satisfaction without independent application of mind cannot justify reopening under Sections 147 and 148.
Filing Income Tax Returns before AIS, TIS, and Form 26AS are fully updated can lead to mismatches, defective returns, and delayed refunds. The article explains why proper reconciliation before filing is essential.
The next phase of GST administration focuses on system validations, invoice matching and data analytics instead of traditional manual assessments. Companies with weak reconciliation and compliance processes may face increased notices and litigation exposure.
The article explains that HRA exemption is unavailable under the new tax regime, which is why the HRA field may not appear in the ITR utility. Taxpayers must select the old regime to claim HRA benefits.
The CCI held that allegations relating to vehicle permits, GST remittance, and transport rule violations fall outside the scope of competition law. The Commission found no prima facie abuse of dominance under Section 4 of the Competition Act.
Courts have repeatedly held that bona fide purchasers cannot lose Input Tax Credit merely because suppliers failed to deposit GST or later became non-compliant. Genuine transactions supported by invoices and banking records remain protected.
The Tribunal held that joint ownership alone cannot restrict Section 54 deduction where the entire source of investment for the new residential property originated from the assessee.
