NRI Taxation in India: Here's What You Must Know in 2025
For millions of Indians living and working abroad, staying connected to home isn’t just about family and festivals; it’s also about managing money,...
Confession of Co-Accused shall be Considered in Economic Offences: Allahabad HC rejects Bail to GST Fraud Accused [Read Order]
In a recent ruling, the Allahabad High Court refused to grant bail to an accused in the GST (Goods and Services Tax) fraud. The court noted the apex court ruling that the confession of a co-accused...
![Confession of Co-Accused shall be Considered in Economic Offences: Allahabad HC rejects Bail to GST Fraud Accused [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Allahabad-High-court-Allahabad-HC-rejects-Bail-to-GST-Fraud-Accused-TAXSCAN.jpg "Confession of Co-Accused shall be Considered in Economic Offences: Allahabad HC rejects Bail to GST Fraud Accused [Read Order]")
No Income Tax Payable on New Flat Received in Exchange for Old One: ITAT deletes Addition u/s 56(2)(x)Â [Read Order]
In a recent ruling, The Income Tax Appellate Tribunal ( ITAT ) of Mumbai ruled that income tax is not applicable under Section 56(2)(x) of the Income Tax Act, 1961, where a new flat is received in...
![No Income Tax Payable on New Flat Received in Exchange for Old One: ITAT deletes Addition u/s 56(2)(x)Â [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/No-Income-Tax-New-Flat-Received-Exchange-Old-One-ITAT-taxscan.jpg "No Income Tax Payable on New Flat Received in Exchange for Old One: ITAT deletes Addition u/s 56(2)(x)Â [Read Order]")
GST on Services provided by Electricity Transmission or Distribution Utility: Allahabad HC stays Recovery Proceedings [Read Order]
In a recent case, with regards to the GST on services provided by the electricity transmission or distribution utility, the Allahabad HC granted interim relief. The court stayed the recovery...
![GST on Services provided by Electricity Transmission or Distribution Utility: Allahabad HC stays Recovery Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/electricity-transmission-site-img.jpg "GST on Services provided by Electricity Transmission or Distribution Utility: Allahabad HC stays Recovery Proceedings [Read Order]")
![Refund Recovery Proceedings Invalid Without Review of Sanction Order: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/CESTAT-CESTAT-Chandigarh-Refund-Recovery-Proceedings-TAXSCAN.jpg "Refund Recovery Proceedings Invalid Without Review of Sanction Order: CESTAT [Read Order]")
![ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Rules-ITAT-Rules-in-Favor-of-NSE-NSE-taxscan.jpg "ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]")
![Geometry Compass Box Classified as Mixed Supply, Attracts 18% GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Geometry-Compass-Box-Classified-Mixed-Supply-Attracts-gst-aar-taxscan-.jpg "Geometry Compass Box Classified as Mixed Supply, Attracts 18% GST: AAR [Read Order]")