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Taxscan Team

GST Portal Defers Implementation of Time Limit on Reporting Old E-Invoices
In a recent advisory, the Goods and Services Tax (GST) Portal has informed the taxpayers that the implementation of time limit on reporting old...
Mere Waiver of Interest on Loan b/w Parties will not Vitiate Genuineness of Loan Transaction Until Dept has Cogent Material to Prove Otherwise: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that mere waiver of interest on a loan between parties will not vitiate the genuineness of the loan transaction unless and until the...
ED Attaches 12 Immovable Assets of Late Shrikant Sawaikar and his family worth Rs. 12.80 Crore in Bank loan fraud case of M/s Varron Group of Companies
The Directorate of Enforcement (ED) has provisionally attached 12 immovable properties, located at Nagpur, Pune, Ratnagiri and Goa worth ₹12.80 Crore under PMLA 2002 in the money laundering...