The dispute centered on a statutory obligation to maintain books of account. The tribunal confirmed that non-compliance ...

The issue was whether reassessment survives when no addition is made on the reasons recorded for reopening. The Tribunal held ...

The appellate authority held that underground natural gas pipelines are immovable property. ITC on goods and works contract ...

A tax bar body has sought reduction of GSTAT appeal and application fees, citing affordability concerns. The key takeaway is ...

The tribunal ruled that penalty under Section 270A cannot survive when income is assessed purely on estimated gross profit after rejecting books. Additions based on estimation do not amount to ...

The case examined rejection of books under Section 145(3) and estimation of profits in a cold storage business. While rejection was upheld, arbitrary enhancement of rates and quantities was struck ...

The High Court held that once a company undergoes CIRP and new management is installed, GST authorities must recognize this legal shift and cannot act as if the old management ...

The case addressed overlapping taxation of seized cash and disclosed unaccounted profits. The final ruling emphasized substance over form and deleted the addition by extending telescoping benefits to ...

Finished umbrella imports are now restricted unless the CIF value is ₹100 or above per piece. Export-linked units such as EOUs and SEZs remain exempt from the MIP ...

The regulator proposes lowering the Z-Score used in historical stress testing from 10 to 5 for commodity derivatives. The move aims to balance robust risk management with realistic market scenarios ...

The filing timeline for Annual RoDTEP Returns has been extended to 31 March 2026. Exporters must pay a ₹15,000 composition fee to avail the extended window and retain ...

The regulator has standardized margin treatment by denying expiry-day calendar spread benefits for single stocks. This provides time for clients to arrange margins or close ...