CGST uncovers GST Fraud of Rs. 760 crores, Arrests Two for Issuing Bogus Invoices and KYC document Misuse
The Central Goods and Services Tax ( CGST ) department exposed two major GST frauds worth Rs. 760 crore, leading to the arrest of two individuals in...
![ITAT upholds Sun Pharma Labs Ltd.s Deduction for Consultancy fees paid to McKinsey & Company, Classifying it as Revenue Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Ahmedabad-Sun-Pharma-Labs-Ltd-ITAT-tax-decision-TAXSCAN.jpg "ITAT upholds Sun Pharma Labs Ltd.s Deduction for Consultancy fees paid to McKinsey & Company, Classifying it as Revenue Expenditure [Read Order]")
![Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Visakhapatnam-Income-Tax-Appellate-Tribunal-Income-tax-exemption-TAXSCAN.jpeg "Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT [Read Order]")
![Challenge against Genuineness of Transaction not raised before ITAT does not survive before HC: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Karnataka-Income-tax-Genuine-transaction-Karnataka-High-Court-Genuineness-of-Transaction-ITAT-appeal-taxscan.jpeg "Challenge against Genuineness of Transaction not raised before ITAT does not survive before HC: Karnataka HC [Read Order]")
ITAT Grants Interest on Self-Assessment Tax Refund, Rules Adjustment of Tax Liability Affects Character of Tax Payment [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) granted interest on a refund of self-assessment tax .The tribunal ruled that once self-assessment tax is adjusted against a tax demand...
![ITAT Grants Interest on Self-Assessment Tax Refund, Rules Adjustment of Tax Liability Affects Character of Tax Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Self-Assessment-Tax-Refund-Tax-Liability-Tax-Payment-character-of-tax-payment-taxscan.jpg "ITAT Grants Interest on Self-Assessment Tax Refund, Rules Adjustment of Tax Liability Affects Character of Tax Payment [Read Order]")
Service Tax not leviable for Rental Agreements in Name of Individual Partners for Jointly Owned Property: CESTAT [Read Order]
The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has has held that service tax not leviable for the rental agreements in name of individual partners for jointly...
![Service Tax not leviable for Rental Agreements in Name of Individual Partners for Jointly Owned Property: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Delhi-Service-Tax-Rental-Agreements-Tax-on-rental-income-TAXSCAN.jpg "Service Tax not leviable for Rental Agreements in Name of Individual Partners for Jointly Owned Property: CESTAT [Read Order]")
SC grants Bail to Hyderabad Businessman in Money Laundering Case tied to Delhi Excise Policy Scam Today [Read Judgement]
The Supreme Court of India has granted bail to Hyderabad businessman Abhishek Boinpally in connection with the Delhi excise policy money laundering case. The bench comprising Justices MM Sundresh and...
₹54 Crore Fake ITC: Jharkhand HC grants Bail Granted in GST Case due to Lack of Evidence [Read Order]
In a notable decision, the Jharkhand High Court has granted bail to the accused in a case involving an alleged ₹54.33 crore fraudulent Input Tax Credit ( ITC ) scam under the Goods and Services Tax (...
![₹54 Crore Fake ITC: Jharkhand HC grants Bail Granted in GST Case due to Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Jharkhand-High-Court-grants-Bail-Granted-in-GST-Case-Due-GST-Case-Due-to-Lack-of-Evidence-Taxscan.jpg "₹54 Crore Fake ITC: Jharkhand HC grants Bail Granted in GST Case due to Lack of Evidence [Read Order]")
S. 74 of CGST Act invokable if assessee fails to Report Actual Sales to Evade Tax: Kerala HC [Read Order]
The Kerala High Court held that provisions of section 74 of CGST Act can be invoked if assessee fails to report actual sales to evade tax. While dismissing the appeal, the bench opined that the...
![S. 74 of CGST Act invokable if assessee fails to Report Actual Sales to Evade Tax: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Kerala-High-Court-CGST-CGST-Act-Section-74-of-CGST-Act-Evade-Tax-Kerala-HC-on-S.-74-of-CGST-Act-taxscan.jpg "S. 74 of CGST Act invokable if assessee fails to Report Actual Sales to Evade Tax: Kerala HC [Read Order]")