Saloni

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Delhi HC Quashes Retrospective Cancellation of GST Registration, Orders Fresh Inspection and Hearing

Delhi HC Quashes Retrospective Cancellation of GST Registration, Orders Fresh Inspection and Hearing The present writ petitioner (W.P.(C) 16845/2025 & CM APPLs. 69232/2025) has been...

Tribunal Rules Seller Cannot Be Denied TDS Credit Due to Buyer’s Late Payment

Tribunal Rules Seller Cannot Be Denied TDS Credit Due to Buyer’s Late Payment A seller sold property in the financial year 2021-22 and paid tax...

ITAT Mumbai Upholds Rs. 8.79 Crore Share Gain as Genuine, Rejects Bogus Penny Stock Allegation

ITAT Mumbai Upholds Rs. 8.79 Crore Share Gain as Genuine, Rejects Bogus Penny Stock Allegation In a recent case of ITAT Mumbai, the tribunal ruled...

Goods Cannot be Confiscated under GST Law if Excess Stock is Found During Survey: HC

Goods Cannot be Confiscated under GST Law if Excess Stock is Found During Survey: HC The present writ petition (WRIT TAX No. 5577 of 2025),...

Allahabad HC Quashes GST Penalty for Technical Lapse in E-Way Bill, Found No Intention to Evade Tax

Allahabad HC Quashes GST Penalty for Technical Lapse in E-Way Bill, Found No Intention to Evade Tax The present writ petition (Neutral Citation No. -...

A Century of Dedication to CA Profession: ICAI President Honours 101-Year-Old CA Shantilal P. Vora

A Century of Dedication to CA Profession: ICAI President Honours 101-Year-Old CA Shantilal P. Vora Charanjot Singh Nanda, President of the Institute of Chartered...

ITAT Slams Revenue: Appeal Dismissed After AO’s Unexplained Truck Business Income Addition Found Baseless

ITAT Slams Revenue: Appeal Dismissed After AO’s Unexplained Truck Business Income Addition Found Baseless The present appeal has been filed by the DCIT, Circle 61(1),...

Allahabad HC Says GST Refund Can Be Claimed by Taxpayer, Not Just Depositor; Ambuja Cement Wins Relief

Allahabad HC Says GST Refund Can Be Claimed by Taxpayer, Not Just Depositor; Ambuja Cement Wins Relief Ambuja Cement cancelled its plant contract after paying...

ITAT Delhi Upholds Foreign Tax Credit Claim Despite Nil Indian Tax Liability Under Section 10A

ITAT Delhi Upholds Foreign Tax Credit Claim Despite Nil Indian Tax Liability Under Section 10A The ITAT Delhi recently held that a taxpayer can claim...

Income Tax Dept Slapped for Using MagicBricks to Inflate Rent: ITAT Orders Fresh ALV Calculation

Income Tax Dept Slapped for Using MagicBricks to Inflate Rent: ITAT Orders Fresh ALV Calculation The present appeal has been filed by a taxpayer named...

Govt. Notifies New Tolerance Range for Arm’s Length Price: 1% for Wholesale Trading, 3% for Others

Govt. Notifies New Tolerance Range for Arm’s Length Price: 1% for Wholesale Trading, 3% for Others The Ministry of Finance (Department of Revenue) has recently...

Bombay High Court Quashes Rs. 22 Crore Tax Notice Based on Fake AI-Generated Judgments

Bombay High Court Quashes Rs. 22 Crore Tax Notice Based on Fake AI-Generated Judgments The use of AI (artificial intelligence) is slowly growing day by...

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