Bangalore ITAT in Suthakar Selvaraj vs. ITO deletes unexplained cash addition for a salaried employee, ruling that mere presumptions about cash withdrawal and re-deposit habits cannot be a basis for addition under the Income-tax Act when bank statements show sufficient withdrawals.
Bangalore ITAT cancelled a penalty u/s 271D on an 82-year-old for receiving Rs.10 lakh cash from a property sale, finding “reasonable cause” u/s 273B due to his bona fide belief and the transaction’s genuineness.
Effective Sept 22, 2025, GST on hotel rooms Rs.7,500 drops to 5% (without ITC), and beauty services to 5% (without ITC), compelling hotels to adjust pricing and ITC compliance.
ROC Chhattisgarh fines Bhilai Investments Ltd ₹2 lakh and directors ₹50,000 each for delayed filing of PAS-6 for Sep 2022 under Companies Act rules.
ROC Goa imposed a ₹6,00,000 penalty on Mega Structures Realestate Ltd. and its director for violating Section 197 by paying managerial remuneration over the prescribed limit without shareholder approval.
ROC Delhi adjudicated penalties, on a company and its officers for failing to disclose justification for reappointing a Managing Director over 70 years old.
Analysis of gold and silver price trends (Sept 2024–Sept 2025), noting silver’s 57% rise driven by industrial and safe-haven demand. Discusses factors and investment options.
Comparative analysis of Hindu (HSA, 2005 Amendment) and Muslim (Faraid) laws on inheritance, succession, and maintenance, detailing structural differences, judicial impacts, and practical implications.
An exposé claims a major retail chain exploited a GST rate cut (28% to 18%) by adjusting discounts to keep the final price fixed, systematically diverting consumer savings into corporate profit.
The GST Council has recommended removing the contentious ‘intermediary’ service provision, aiming to restore zero-rating for genuine service exports and resolve years of tax disputes.
