📢 ITAT Holds Uncorroborated Excel Data and Selectively Matched Entries Cannot Sustain Additions

The ITAT Mumbai deletes major additions based on unverified excel sheets and restricts unaccounted sales to actual figures.

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📢 CBI Nabs Senior Secretariat Assistant, MCD, Along With Two Others in Rs 15 Lakh Bribery Case

CBI has caught two individuals along with one public servant, an Inspector of MCD in New Delhi, red-handed while accepting a Rs 15 lakh bribe.

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📢 UPI Payments Above Rs 2,000 Face 0.4% MDR and 18% GST From October 15; Government Rejects Rollback Demand

New UPI MDR above Rs 2,000 will attract 18% GST, while the Centre maintains there will be no rollback of the decision.

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📢 ITAT Remits Rs 1.65 Crore Unexplained Investment Case for Fresh Adjudication

The ITAT Mumbai allows final opportunity to assessee after ex parte assessment and appeal.

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📢 GST Authority Appeals Relief Granted to Kalpataru Subsidiary in Rs 1.35 Crore Transitional Credit Dispute

GST Authority has challenged the appellate relief granted to Kalpataru’s wholly-owned subsidiary Abacus Real Estate in a Rs. 1.35 crore transitional credit demand before the GSTAT.

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📢 Burnpur Cement Hit With Rs 30.91 Lakh Combined Fine by NSE and BSE, Says Penalty Could Further Worsen Financial Position

Burnpur Cement faces a combined Rs 30.91 lakh penalty from NSE and BSE, adding to its financial pressure amid zero revenue and ongoing ARC management.

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📢 Pune Army Officer Loses Rs 1.28 Crore in ‘Digital Arrest’ Scam After Fraudsters Pose as Telecom, CBI and Mumbai Crime Branch Officials

A Pune Army Officer lost Rs 1.28 crore after fraudsters posing as CBI and crime branch officers trapped him in a suspected digital arrest scam.

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📢 ITAT Holds Partner Remuneration Allowable Where Partnership Deed Authorises Payment

The ITAT Mumbai finds no reason for Section 154 Rectification and deleted the disallowance.

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📢 H.G. Infra Engineering Faces Rs 94 Crore GST Demand Proposal for FY 2022-23 Over ITC, Turnover Reconciliation

H.G. Infra Engineering has received a GST SCN proposing a demand of approximately Rs 94 crore for FY 2022-23 over input tax credit and turnover reconciliation issues.

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📢 Priority Jewels Receives Favourable Income Tax Order From CIT(A), Gets Relief of Around Rs 3.54 Crore in Tax Demand

Priority Jewels secures Rs 3.54 crore tax relief after CIT(A) deletes additions and directs penalty proceedings to be dropped.

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📢 Is Income Tax Payable on Credit Card Cashback and Reward Points? Know What Experts Say

Credit card cashbacks and reward points are generally treated as discounts, but their taxability may depend on how the benefits are received or used.

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📢 Accountant’s Mistake in Selecting Old Tax Regime Cannot Trigger Extra Tax Burden, ITAT Directs Fresh Computation Under Section 115BAC

Delhi ITAT grants relief after an accountant mistakenly selected the old tax regime in the ITR despite the tax being calculated under the new regime.

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📢 Disabled Fruit Seller Shocked After Learning a Firm Was Registered in His Name in Suspected Rs 83 Crore GST Fraud

A suspected Rs 83 crore GST fraud in Kanpur has surfaced after a disabled fruit seller was allegedly shown as the proprietor of a firm he says he knew nothing about.

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📢 Lokayukta Police Arrests Central GST Official, Agent in Rs 8 Lakh Bribery Case

Lokayukta Police arrested Central GST official and intermediary for allegedly demanding and accepting Rs 8 lakh to close a tax evasion case against a businessman.

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📢 Telangana ACB Arrests Keesara Inspector and SI in Rs 5 Lakh Bribe Case, Sub-Inspector Caught Red-Handed

Telangana ACB arrests Keesara Inspector and Sub-Inspector in an alleged Rs 5 lakh bribe case linked to station bail.

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📢 CBDT Approves IIT Roorkee for Scientific Research Tax Benefits for 5 Years Under Income Tax Act 2025

CBDT has approved IIT Roorkee for scientific research under the Income-tax Act, 2025, for tax years 2026-27 to 2030-31, subject to prescribed compliance conditions.

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📢 Escorts Kubota Faces Rs 10.08 Lakh GST Penalty, Plans to Challenge Order Before Higher Authority

Escorts Kubota faces a Rs 10.08 lakh GST penalty in Jammu & Kashmir and plans to challenge the order before a higher appellate authority.

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📢 High Court Grants Regular Bail to Accused in Rs.1.60 Crore E-Way Bill Forgery Case

The Gujarat High Court granted regular bail to Prabhat Ashokkumar Chhogalal Maheshwari in a case involving alleged forgery and misuse of E-Way Bills worth Rs.1.60 crore.

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📢 CA Association Seeks Extension of Tax Audit, Forms 10B/10BB and Other Audit-Related Report Deadlines for AY 2026-27

The CAs Association has urged the government to extend the TAR, Forms 10B/10BB and related audit deadlines for AY 2026-27.

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📢 High Court Holds GST Assessment Order Deemed Withdrawn After Belated GSTR-3B Filing

The Andhra Pradesh High Court held that GST assessment orders passed under Section 62 are deemed to be withdrawn when the taxpayer later files the required GSTR-3B returns

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📢 Centre Notifies Rs 25,000 Monthly Wage Ceiling for Chapter III of Code on Social Security, 2020

The Ministry of Labour and Employment has notified a Rs 25,000 monthly wage ceiling for Chapter III of the Code on Social Security, 2020, effective from September 17, 2026.

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