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RBI Extends Export Proceeds Realisation Timeline to 15 Months Amid Global Disruptions

RBI Extends Export Proceeds Realisation Timeline to 15 Months Amid Global Disruptions The Reserve Bank of India (RBI), in its recent press release, has stated...

CBDT Notifies ITR Forms for AY 2026-27 [Read Notification]

CBDT Notifies ITR Forms for AY 2026-27 The Central Board of Direct Taxes (CBDT) under the Ministry of Finance (Department of Revenue) has issued...

CBDT Revises Tariff Values of Edible Oils, Metals, and Areca Nuts; Effective March 31, 2026

CBDT Revises Tariff Values of Edible Oils, Metals, and Areca Nuts; Effective March 31, 2026 The Central Board of Direct Taxes (CBDT) under the Ministry...

Senior Karnataka GST Officer Caught Red-Handed While Allegedly Accepting Bribe of Rs 6 Lakh

Senior Karnataka GST Officer Caught Red-Handed While Allegedly Accepting Bribe of Rs 6 Lakh In connection with a GST fraud, Karnataka Lokayukta officials have apprehended...

ACME Solar Holdings Limited Hits With Rs 149.73 Crore Demand Over Alleged Short Payment of GST

ACME Solar Holdings Limited Hits With Rs 149.73 Crore Demand Over Alleged Short Payment of GST ACME Solar Holdings Limited has disclosed to the Stock...

ITC Cannot be Blocked If Electronic Credit Ledger Has Negative Balance: Bombay High Court

ITC Cannot be Blocked If Electronic Credit Ledger Has Negative Balance: Bombay High Court The Bombay High Court, in a recent significant ruling, has held...

CBDT Notifies Income Tax Exemption to Uttarakhand Avas and Nagar Vikas Pradhikaran

CBDT Notifies Income Tax Exemption to Uttarakhand Avas and Nagar Vikas Pradhikaran The Central Board of Direct Taxes (CBDT) under the Ministry of Finance (Department...

CBDT Mandates Structured UIN System for Form 121 Declarations: Effective April 01, 2026

CBDT Mandates Structured UIN System for Form 121 Declarations: Effective April 01, 2026 The Directorate of Income-tax (Systems), New Delhi, under the Central Board of...

Orchasp Limited Faces Rs 12.28 Crore GST Demand Over Non-Payment of GST on Services Import

Orchasp Limited Faces Rs 12.28 Crore GST Demand Over Non-Payment of GST on Services Import Orchasp Limited has made a disclosure to the stock exchange,...

Appeal Not Time-Barred: Uttarakhand HC Restores Case Citing COVID Extension and Weekend Rule

Appeal Not Time-Barred: Uttarakhand HC Restores Case Citing COVID Extension and Weekend Rule The High Court held that COVID-related limitation extensions applied uniformly, preventing unfair...

ITAT Quashes Rectification Order, Restores Section 11 Exemption Over Late Form 10B Filing

ITAT Quashes Rectification Order, Restores Section 11 Exemption Over Late Form 10B Filing The ITAT Mumbai set aside a rectification order passed denying the Section...

No Evidence, No Relief: ITAT Upholds Rs 80 Lakh Addition in Unexplained Cash Credits Case

No Evidence, No Relief: ITAT Upholds Rs 80 Lakh Addition in Unexplained Cash Credits Case The ITAT Surat held that mere claims without evidence cannot...

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