![Supreme Court to Determine Whether Security Deposits on Real Estate Deals are Genuine or a Means to Evade Tax [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103919-supreme-court-security-deposits-real-estate-evade-tax-taxscan.webp "Supreme Court to Determine Whether Security Deposits on Real Estate Deals are Genuine or a Means to Evade Tax [Read Judgement]")
Supreme Court to Determine Whether Security Deposits on Real Estate Deals are Genuine or a Means to Evade Tax [Read Judgement]
The Supreme Court of India is set to examine whether the security deposit received on a property transaction amounts to taxable income or is a...
![ICAI removes CA from Register for 3 Years Following Karnataka HC’s Order [Read Notification]](https://images.taxscan.in/h-upload/2025/11/10/250x150_2103918-icai-ca-from-karnataka-hcs-order-taxscan.webp "ICAI removes CA from Register for 3 Years Following Karnataka HC’s Order [Read Notification]")
![Taxability of Issuance of Bonus Shares: Supreme Court to Hear Matter [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/10/250x150_2103909-taxability-of-issuance-bonus-shares-supreme-court-taxscan.webp "Taxability of Issuance of Bonus Shares: Supreme Court to Hear Matter [Read Judgement]")
![Builder got no Additional ITC Benefit Despite Occupancy Certificate Issued Post-GST Rollout: GSTAT Clears IREO Victory Valley [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/250x150_2103907-itc-benefit-occupancy-certificate-post-gst-rollout-gstat-ireo-victory-valley-taxscan.webp "Builder got no Additional ITC Benefit Despite Occupancy Certificate Issued Post-GST Rollout: GSTAT Clears IREO Victory Valley [Read Order]")
Out of 56 Buyers, 50 Received GST ITC Benefits: GSTAT Rules Supplier of Dental Equipment Did Not Profiteer ₹1.49 Crore [Read Order]
In a recent ruling, the Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi held that the supplier of dental equipment and accessories did not profiteer Rs....
![Out of 56 Buyers, 50 Received GST ITC Benefits: GSTAT Rules Supplier of Dental Equipment Did Not Profiteer ₹1.49 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103889-gst-itc-gst-itc-benefits-gst-input-tax-credit-gstat-gstat-rules-taxscan.webp "Out of 56 Buyers, 50 Received GST ITC Benefits: GSTAT Rules Supplier of Dental Equipment Did Not Profiteer ₹1.49 Crore [Read Order]")
No Profiteering if Contractor Voluntarily Passed GST ITC Benefit to Indian Oil Corp. after Tax Reduction: GSTAT [Read Order]
The Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi recently held that no anti-profiteering action is warranted when a contractor has voluntarily transferred...
![No Profiteering if Contractor Voluntarily Passed GST ITC Benefit to Indian Oil Corp. after Tax Reduction: GSTAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103893-gst-itc-indian-oil-corp-tax-reduction-gstat-taxscan.webp "No Profiteering if Contractor Voluntarily Passed GST ITC Benefit to Indian Oil Corp. after Tax Reduction: GSTAT [Read Order]")
Failure to Pass on GST Rate Reduction on Movie Tickets Amounts to Profiteering: GSTAT upholds ₹16.50 Lakh Liability [Read Order]
In a recent ruling, the Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi held that Mallikarjuna Cinema Hall profiteered Rs. 16,50,166 by not passing on the ...
![Failure to Pass on GST Rate Reduction on Movie Tickets Amounts to Profiteering: GSTAT upholds ₹16.50 Lakh Liability [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103885-supreme-court-entertainment-tax-supreme-court-on-entertainment-tax-entertainment-tax-on-cinema-tickets-.webp "Failure to Pass on GST Rate Reduction on Movie Tickets Amounts to Profiteering: GSTAT upholds ₹16.50 Lakh Liability [Read Order]")
No ITC Benefit to be Passed by IREO if Flat Fully Constructed & Paid for Pre-GST Rollout: GSTAT Notes Price has Non-Creditable Taxes [Read Order]
The Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi recently held that no Input Tax Credit (ITC) benefit needs to be passed on by a builder when flats were...
![No ITC Benefit to be Passed by IREO if Flat Fully Constructed & Paid for Pre-GST Rollout: GSTAT Notes Price has Non-Creditable Taxes [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103881-whatsapp-image-2025-11-10-at-43025-pm.webp "No ITC Benefit to be Passed by IREO if Flat Fully Constructed & Paid for Pre-GST Rollout: GSTAT Notes Price has Non-Creditable Taxes [Read Order]")
Limitation Act Applies to IBC: NCLT Condones Delay in Kerala Financial Corp's Bankruptcy Applications [Read Order]
While allowing the bankruptcy applications filed by Kerala Financial Corporation against personal guarantors, the Kochi bench of National Company Law Tribunal (NCLT) has held that the provisions of...
![Limitation Act Applies to IBC: NCLT Condones Delay in Kerala Financial Corps Bankruptcy Applications [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103869-limitation-act-ibc-nclt-condones-delay-kerala-financial-corps-bankruptcy-applications-taxscan.webp "Limitation Act Applies to IBC: NCLT Condones Delay in Kerala Financial Corps Bankruptcy Applications [Read Order]")
Conditional GST ITC on Biofuels: AAR Permits Credit on Renewable Diesel Subject to S.16 Compliance [Read Order]
The Chhattisgarh Authority for Advance Ruling (AAR) clarified that Input Tax Credit (ITC) on biofuels, specifically Hydrotreated Vegetable Oil (HVO) or renewable diesel used for providing taxable...
![Conditional GST ITC on Biofuels: AAR Permits Credit on Renewable Diesel Subject to S.16 Compliance [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103796-gst-itc-biofuels-taxscan.webp "Conditional GST ITC on Biofuels: AAR Permits Credit on Renewable Diesel Subject to S.16 Compliance [Read Order]")
MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]
The Ministry of Corporate Affairs (MCA) has notified the Companies (Meetings of Board and its Powers) Amendment Rules, 2025 through a notification dated 3 November 2025. The amended rules...
![MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]](https://images.taxscan.in/h-upload/2025/11/08/500x300_2103349-mca-nbfc-ifsc-finance-companies-financing-industrial-enterprises-taxscan.webp "MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]")