Real-Life ‘Special 26’: Posing as Income Tax Officials, Robbers Loot Rs 4 Lakh Cash and Gold
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Real-Life ‘Special 26’: Posing as Income Tax Officials, Robbers Loot Rs 4 Lakh Cash and Gold In a recent incident, five men pretending to be officials of the Income Tax Department robbed the residence of a contractor named Rajkumar Malvi in Madhya Pradesh’s Dhar district on Friday. The robber arrived at the location of the […]

Income Tax Department Fixing Errors in Advance Tax e-Campaign Emails
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Income Tax Department Fixing Errors in Advance Tax e-Campaign Emails The Income Tax Department has recently issued clarification regarding the ‘significant transactions’ communication. As a part of its ongoing Advance Tax e-Campaign for AY 2026-27 (FY 2025-26), the taxpayers are being sent emails to remind them of the upcoming due date of the advance tax […]

GST BREAKING: Advisory on Payment of pre-deposit while filing of appeal before First Appellate authority
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GST BREAKING: Advisory on Payment of pre-deposit while filing of appeal before First Appellate authority GSTN has issued an advisory regarding the payment of pre-deposit while filing an appeal before the First Appellate Authority under GST. The clarification addresses issues faced by taxpayers who had already made voluntary payments during the investigation stage through Form […]

ED Uncovers Rs 597 Crore Fraud; 90 Bank Accounts Frozen Across 4 Cities
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ED Uncovers Rs 597 Crore Fraud; 90 Bank Accounts Frozen Across 4 Cities On Friday, the Enforcement Directorate froze 90 bank accounts and confiscated digital and documentary proof in the raids conducted at 19 locations across Chandigarh, Haryana, Punjab, and Bengaluru. The raid has allegedly discovered an Rs 597 crore fraud scheme. The fraud targeted […]

Advance Tax: Income Tax Department’s Bulk Messages Create Confusion Among Taxpayers
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Advance Tax: Income Tax Department’s Bulk Messages Create Confusion Among Taxpayers The Income Tax Department has once again started sending bulk emails and messages to taxpayers. The aim is to remind the taxpayers about advance tax compliance. However, there have been some issues with these bulk emails. Many taxpayers are receiving messages that contain the […]

Income Tax Dept Sending Emails Having Similar Amounts to Several Taxpayers
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Income Tax Dept Sending Emails Having Similar Figures to Several Taxpayers The Income Tax Department recently sent reminders to the taxpayers about their advance tax liability payable on March 15. Even though these emails are meant to ensure timely compliance, these emails mention the same large figures, like Rs 1.75 crore in business receipts, for […]

GST Cut but Premium Same? Petition in Kerala HC Questions Insurer Over Health Policy Charges
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GST Cut but Premium Same? Petition in Kerala HC Questions Insurer Over Health Policy Charges A writ petition has been recently furnished in the Kerala High Court, raising the key issue of whether the Central government’s recent decision to exempt individual health insurance policies from GST is actually being implemented. The petition was filed by […]

ROC Chennai Imposes Zero Penalty on Company for Delayed MGT-7A Filing
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ROC Chennai Imposes Zero Penalty on Company for Delayed MGT-7A Filing The Registrar of Companies (ROC), Chennai, imposed zero penalties on the company named M/s Bellani Workforce Private Limited and its officers in default, even after it held its Annual General Meeting (AGM) late. The company conducted its Annual General Meeting for FY 2023-2024 on […]

Delhi High Court Gives Relief to Taxpayer by Deleting 20% Deposit Condition in TDS Issue
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Delhi High Court Gives Relief to Taxpayer by Deleting 20% Deposit Condition in TDS Issue The Delhi High Court has set aside an order that required the assessee to deposit 20% of the tax demand as a condition for granting a stay during the appeal process. The tax department had earlier passed an order against […]

ROC Gwalior Imposes Penalty for Non-Filing of Consolidated Financial Statements
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ROC Gwalior Imposes Penalty for Non-Filing of Consolidated Financial Statements The Registrar of Companies (ROC), Gwalior, imposed a penalty on Xtranet Technologies Limited and its officer in default for violation of section 137 of the Companies Act 2013. Background of the case The company Xtranet Technologies Limited filed a suo-motu application for adjudication of penalty […]

HC Holds Reassessment Notice Valid Where Delay Resulted From Assessee Seeking Repeated Adjournments
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HC Holds Reassessment Notice Valid Where Delay Resulted From Assessee Seeking Repeated Adjournments Two companies challenged reassessment notices issued for AY 2017-18 before the Delhi High Court under the Income Tax Act, 1961. The Assessing Officer issued a show-cause notice under Section 148A(b) on 21 March 2024 asking the assessee to respond by 28 March […]

ITAT Deletes Rs. 444.93 Cr TP Adjustment Against Netflix India, Rejects DAPE Claim
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ITAT Deletes Rs. 444.93 Cr TP Adjustment Against Netflix India, Rejects DAPE Claim An Indian entity providing marketing, logistics and infrastructure support to its overseas affiliate challenged tax adjustments for Assessment Year 2021-22 before the Income Tax Appellate Tribunal. The tax department argued that the Indian company’s activities went beyond routine support and effectively created […]