📢 CBI Chargesheets 17 More in Rs 9,280-Crore Reliance Finance Case

CBI files a fresh chargesheet against 17 accused in the Rs 9,280-crore Reliance finance case.

🔗 Read the full article

📢 Mann, Kejriwal Visit Bhondsi Jail, Meet Minister in Rs 100-Crore GST Case

Punjab CM Bhagwant Mann and AAP chief Arvind Kejriwal visited Bhondsi jail to meet jailed minister Sanjeev Arora, who is facing an alleged Rs 100-crore GST fraud and money-laundering case.

🔗 Read the full article

📢 MCA Issues Major AOC-4 Filing Update for OPCs; Deadline Set for September 27

MCA has issued an AOC-4 filing update know who must file the form and the applicable deadline for FY 2025-26 compliance.

🔗 Read the full article

📢 Sintercom India Faces Rs 2.55 Crore GST Demand Over ITC Disallowance for FY 2022-23

Sintercom India faces an aggregate Rs 2.55 crore GST demand over proposed ITC disallowance for FY 2022-23 and plans to respond within the prescribed timeline.

🔗 Read the full article

📢 Prism Johnson Wins Relief in Rs 22.70 Crore GST Dispute

Prism Johnson gets full relief as the Rs 22.70 crore GST demand and related penalties are set aside by the appellate authority.

🔗 Read the full article

📢 ITAT Holds Third-Party Ledger Alone Cannot Prove Unaccounted Cash Purchases

The ITAT Chennai rules revenue must establish actual incurrence of expenditure and provide effective opportunity.

🔗 Read the full article

📢 CBI Court Convicts Accused, Awards Four Years’ RI with Rs. 14.05 Lakh Fine in Deposit Fraud Case

CBI Court Guwahati convicts Md. Shakir in a deposit fraud case, sentencing him to four years’ rigorous imprisonment and imposing a Rs. 14.05 lakh fine.

🔗 Read the full article

📢 ITAT Remands Rs 1.18 Crore LIC Maturity Tax Dispute Over Alleged Double Taxation

ITAT remanded the Rs 1.18 crore LIC maturity proceeds tax dispute to the AO for fresh verification after the assessee claimed the income had already been taxed as salary.

🔗 Read the full article

📢 Rajasthan Tax Crackdown: 44 Vehicles Seized in Three Weeks Over Suspected GST Evasion

Rajasthan’s Commercial Tax Department seized 44 vehicles in three weeks over suspected GST evasion involving undeclared quantities of goods.

🔗 Read the full article

📢 Harpal Singh Cheema Exposes Major GST Evasion Racket in Punjab, Rs 9.50 Crore Recovered

Punjab Tax Department uncovers a Rs 22 crore GST evasion case, with Rs 9.50 crore recovered from a Mandi Gobindgarh firm.

🔗 Read the full article

📢 ITAT Holds Third-Party Statement and Unauthenticated WhatsApp Chats Insufficient to Prove Cash Payment

The ITAT Mumbai held no addition for alleged On-Money payment without corroborative evidence.

🔗 Read the full article

📢 ITAT Quashes Rs 1.30 Crore Section 68 Unexplained Credits Addition, Holds Investigation Wing Input Alone Cannot Justify Reassessment

ITAT quashes reassessment proceedings, holding that the AO relied on Investigation Wing information without independent application of mind.

🔗 Read the full article

📢 Kerala Must Boost IGST Collection Along With GST Revenue: Minister C P John

Kerala Transport Minister C P John calls for stronger measures to boost IGST collection and curb tax evasion.

🔗 Read the full article

📢 ITAT Sets Aside Section 263 Revision Where AO Had Examined Deduction Claim Under Section 57

The ITAT Ahmedabad held that PCIT Cannot Invoke Section 263 Merely Because Assessment Order Is Silent.

🔗 Read the full article

📢 RTCA Urges Government to Extend Due Date for Filing Tax Audit Reports and Forms 10B/10BB for AY 2026-27 Until Oct 31

RTCA requests income tax authorities to extend the due date for furnishing Tax Audit Reports and Forms 10B/10BB for Assessment Year (AY) 2026-27 to October 31, 2026.

🔗 Read the full article

📢 CBI Court Convicts Private Company and Two Directors in Criminal Conspiracy and Cheating Case

The CBI Court in Ahmedabad has convicted Kushal Diamonds Ltd. and two of its directors in a criminal conspiracy and cheating case involving financial assistance from NSIC.

🔗 Read the full article

📢 ITAT Holds Interest-Free Advances to Sister Concern Cannot Automatically Be Treated as Diversion

The ITAT Chennai deleted an interest disallowance under Section 36(1)(iii) made against Sei Aditi Power Private Limited.

🔗 Read the full article

📢 ITAT Gives Second Chance for Section 12A Registration After Tax Notices Were Sent to Outdated Email Address

ITAT Pune has set aside the Section 12A registration rejection and directed the CIT (Exemption) to reconsider the application after giving the trust a fresh opportunity to be heard.

🔗 Read the full article

📢 ITAT Condones 1,008-Day Delay, Remands Unexplained Immovable Property Investment Case to CIT(A)

ITAT condoned a 1,008-day delay and directed the CIT(A) to decide the Rs 87.14 lakh tax additions dispute on merits instead of dismissing the appeal on limitation grounds.

🔗 Read the full article

📢 ITAT Gives Taxpayer Another Opportunity in Rs 62.96 Lakh Tax Dispute, Sets Aside CIT(A) Order for Fresh Adjudication

ITAT Pune has set aside the CIT(A) order and remanded the Rs 62.96 lakh tax dispute for fresh adjudication, giving the taxpayer another opportunity to present evidence.

🔗 Read the full article

📢 ITAT Remands Cash Deposit Addition to AO for Fresh Examination Under Section 69A

The ITAT Bangalore gives opportunity to co-operative society to explain cash deposits claimed as member loan repayment.

🔗 Read the full article