The Delhi High Court has dismissed a petition filed challenging an order that rejected his request to condone a significant delay in filing a revised income tax return. The bench…
The country has suffered a huge ₹8.8 lakh crore revenue loss over the last five financial years due to GST ( Goods and Services Tax ) evasion cases and fraudulent…
In the recent case, the Calcutta High Court quashed the Goods and Services Tax (GST) appellate authority’s order, holding that the authority failed to verify the actual date of uploading the order…
The Reserve Bank of India (RBI) has proposed a major enhancement for India’s credit ecosystem, issuing draft guidelines mandating weekly updates of credit information by all Credit Information Companies (CICs),…
The National Financial Reporting Authority (NFRA) has raised concerns over persistent weaknesses in corporate governance practices across Indian companies and called for improved audit disclosures, enhanced risk oversight, and long-term…
In a recent ruling, the Allahabad High Court has held that proceedings under Section130 of the Central Goods and Services Tax Act, 2017 which deal with confiscation of goods cannot be…
The Allahabad High Court has held that a seizure of goods under the Goods and Services Tax (GST) Act on the allegation of reusing an e-way bill cannot be sustained…
The Debts Recovery Appellate Tribunal ( DRAT ) in Chennai has dismissed two appeals filed by a borrower against Punjab National Bank on citing failure to prove the property as…
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) provided partial relief to a real estate firm facing significant disallowance on cash payments and remitted government cess payment for verification while…
In a recent case, the Punjab & Haryana High Court held that since the taxpayer had not filed a reply, it refused to hear a writ against a GST ( Goods and…