ICAI SIRC releases E‑Book with Practical Tips for Bank Branch Audits
The Southern IndiaRegional Council (SIRC) of the Institute of Chartered Accountants of India (ICAI) has published a comprehensive e-book titled...
![Delhi HC Flags Absence of ‘Complexity’ in Ordering Special Audit Against Huawei under Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2026/04/02/2131360-delhi-hc-flags-absence-of-complexity-in-ordering-speciajpg.webp "Delhi HC Flags Absence of ‘Complexity’ in Ordering Special Audit Against Huawei under Income Tax Act [Read Order]")
Service Tax cannot be Demanded on mere Difference in Form 26AS/ITR and ST-3 Returns without Independent Evidence: CESTAT [Read Order]
The Customs, Excise and Service Tax AppellteTribunal (CESTAT), Kolkata Bench, held that the sole basis for demanding service tax cannot be the difference in Form 26AS/ITR and ST-3 Returns without ...
![Service Tax cannot be Demanded on mere Difference in Form 26AS/ITR and ST-3 Returns without Independent Evidence: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/04/02/2131321-service-tax-cannot-be-demanded-on-mere-differencejpg-1.webp "Service Tax cannot be Demanded on mere Difference in Form 26AS/ITR and ST-3 Returns without Independent Evidence: CESTAT [Read Order]")
ITAT Upholds ₹5.31 Crore Disallowance on Dividend Stripping u/s 94(7), Holds Provision Extends to Full Dividend, Not Merely Exempt Portion [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld a disallowance of ₹5.31 crore under Section 94(7) of the Income Tax Act, 1961, holding that the provision...
![ITAT Upholds ₹5.31 Crore Disallowance on Dividend Stripping u/s 94(7), Holds Provision Extends to Full Dividend, Not Merely Exempt Portion [Read Order]](https://images.taxscan.in/h-upload/2026/04/02/2131316-itat-upholds-531-crore-disallowance-on-dividend-stripping-u-s-947-holds-provision-extends-to-full-dividend-not-merely-exempt-portion-site-imagejpg.webp "ITAT Upholds ₹5.31 Crore Disallowance on Dividend Stripping u/s 94(7), Holds Provision Extends to Full Dividend, Not Merely Exempt Portion [Read Order]")
GST ITC Reversal During Inspection Not Voluntary: Karnataka HC Allows GST Proceedings to be Revived Despite Setting Aside Closure [Read Order]
In a recent ruling, the Karnataka High Court held that reversal of Goods and Services Tax (GST) Input Tax Credit (ITC) made during inspection cannot be treated as voluntary in certain circumstances,...
![GST ITC Reversal During Inspection Not Voluntary: Karnataka HC Allows GST Proceedings to be Revived Despite Setting Aside Closure [Read Order]](https://images.taxscan.in/h-upload/2026/04/02/2131329-gst-itc-reversal-during-inspection-karnataka-hc-gst-proceedings-revived-despite-setting-closure-taxscan.webp "GST ITC Reversal During Inspection Not Voluntary: Karnataka HC Allows GST Proceedings to be Revived Despite Setting Aside Closure [Read Order]")
Payment Towards Corporate Guarantee Settlement Allowable as Deductible Business Expenditure u/s 37(1): ITAT [Read Order]
In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that a payment made towards the settlement of a corporate guarantee qualifies as a deductible business...
![Payment Towards Corporate Guarantee Settlement Allowable as Deductible Business Expenditure u/s 37(1): ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/04/02/2131310-payment-towards-corporate-guarantee-settlement-allowable-as-deductible-business-expenditure-itat-.webp "Payment Towards Corporate Guarantee Settlement Allowable as Deductible Business Expenditure u/s 37(1): ITAT [Read Order]")