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RBI Bans Loans for Buying Gold and Silver, Allows Finance Only for Businesses Using them as Raw Material [Read Order]

The Reserve Bank of India (RBI) issued a notification dated September 29, 2025, announcing the amendment to the Reserve Bank of India (Lending...

GSTAT to begin Functioning with a Staggering 4 Lakh Pending Appeals: Tribunal of Tax Justice to be...

Kerala Govt promises Assured Pension Scheme for State Govt Employees! The End of Contributory...

CBIC Withdraws Circular on Evidence Mechanism under Section 15(3)(b)(ii) of CGST Act by Suppliers...

SEBI Extends Timeline for Retail Algo Trading Framework, Full Implementation from Apr 1, 2026

ITAT Orders Fresh Probe into ₹3.17 Crore Cash Deposits in Egg Trade [Read Order]

Thebench of the Income Tax Appellate Tribunal, Mumbai , has set aside an appeal involving unexplained cash deposits and remanded the matter back to the Assessing Officer for fresh adjudication. The...

Time-Barred Income Tax Notice u/s 148 over Investment Scheme: ITAT quashes Reassessment [Read Order ]

The bench of the Income Tax Appellate Tribunal, Mumbai, has held that the reassessment notice issued under Section 148 of the Income Tax Act, 1961 beyond the permissible period of limitation was...

DRAT disposes of HUDCO appeals citing finality of Recovery Certificate, Directs Recovery Officer to proceed based on Crystallized Debt [Read Order]

In a recent case, the Debt Recovery Appellate Tribunal (DRAT), Kolkata, disposed of two appeals filed by Housing and Urban Development Corporation Ltd. (HUDCO) by upholding the finality of recovery...

12% IGST Applies To All “Diagnostic Kits And Reagents” Under Heading 3822: CESTAT [Read Order]

The bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), CESTAT Mumbai, has held that laboratory reagents imported under Heading 3822 are eligible for the concessional rate of...

Service Tax Demand Based Solely on ITR and Form 26AS Without Independent Verification Unsustainable: CESTAT Quashes Demand [Read Order]

The Allahabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that a service tax demand raised solely on the basis of figures from the Income Tax Return (ITR) and...

Alleged Shell Company Transactions: ITAT deletes ₹15 Lakh Addition u/s 68 [Read Order]

The bench of the Income Tax Appellate Tribunal, Kolkata, set aside the addition of ₹15,00,000 made under Section 68 of the Income Tax Act, 1961, holding that the Assessing Officer (AO) failed to...

Adjudicating and Appellate Authorities Issued Contradictory Findings on GST Refund Claims: Delhi HC Remands Matter [Read Order]

In a recent ruling, the Delhi High Court observed that contradictory findings by the Adjudicating and Appellate Authorities on refund claims under GST cannot be sustained, and directed the ...

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