Diwali 2023 Sees an 18% Jump in Credit Card Spending, E-commerce Soars by 25%, says VISA
The five-day Diwali period in 2023 witnessed a substantial 18% surge in credit card expenditures, according to Visa's payment data analysis. This...
![ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-cost-of-Acquisition-cost-of-Acquisition-and-improvement-on-Failure-taxscan.jpg "ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]")
![Cancellation of GST Registration with Retrospective Effect Cannot be Ground to Deny ITC from Supplier to Purchaser: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cancellation-of-GST-Registration-with-Retrospective-Effect-GST-Registration-GST-Calcutta-High-Court-ITC-Taxscan.jpg "Cancellation of GST Registration with Retrospective Effect Cannot be Ground to Deny ITC from Supplier to Purchaser: Calcutta HC [Read Order]")
Tax Evasion of Rs 2,250 Crore: DGGI sends SCNs for issuing Fake Invoices to Claim ITC without Providing any Service
The Directorate General of GST Intelligence (DGGI) has sent show cause notices to various Insurance intermediaries and aggregators across the country for issuing fake invoices to claim input tax...
![Addition has No Connection with Escaped Income: ITAT deletes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Escaped-Income-Income-ITAT-Re-Assessment-Income-Tax-Tax-taxscan.jpg "Addition has No Connection with Escaped Income: ITAT deletes Re-Assessment [Read Order]")
Contravention of Prohibition Order by Assessee with Assistance of Bank Officials: Patna HC upholds FIR against HDFC Bank [Read Order]
In a recent ruling, the Patna High Court has refused to quash an FIR against HDFC Bank for allegedly assisting an assessee-in-default violating prohibition order passed under section 132(3) of...
![Contravention of Prohibition Order by Assessee with Assistance of Bank Officials: Patna HC upholds FIR against HDFC Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Prohibition-Order-Assessee-Bank-Officials-Patna-HC-FIR-HDFC-Bank-Taxscan.jpeg "Contravention of Prohibition Order by Assessee with Assistance of Bank Officials: Patna HC upholds FIR against HDFC Bank [Read Order]")
Setback to HDFC Bank: Delhi High Court refuses to issue Form ‘F’ on Inter-State Stock Transfers due to default in paying Central Sales Tax [Read Order]
In a major setback to the HDFC Bank, the Delhi High Court refused to issue Form ‘F’ in respect of inter-state stock transfers due to default in paying Central Sales Tax. a petitioner that as a...
![Setback to HDFC Bank: Delhi High Court refuses to issue Form ‘F’ on Inter-State Stock Transfers due to default in paying Central Sales Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/HDFC-Bank-Delhi-High-Form-F-inter-state-stock-transfers-Central-Sales-Tax-Taxscan.jpg "Setback to HDFC Bank: Delhi High Court refuses to issue Form ‘F’ on Inter-State Stock Transfers due to default in paying Central Sales Tax [Read Order]")
Relief to HDFC Bank: Patna HC quashes Provisional Attachment as No direct Nexus established between property forfeited with Income [Read Order]
In a major relief to the HDFC Bank, the Patna High Court quashed Provisional Attachment as no direct nexus established between property forfeited with income. The respondent, Rajesh Kumar Agrawal,...
ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench upheld the addition on the ground that the assessee failed to explain the source of cash deposit in her bank account during the demonetization...
![ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-source-of-cash-deposit-bank-account-demonetization-Taxscan.jpg "ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]")