The key point emphasized by the RBI is that this Master Circular does not introduce any new instructions or guidelines. Instead, it acts as a compilation of previously released directives, providing a ...

Allahabad High Court ruled in favor of Osr Creation, overturning the penalty imposed by state tax authorities for alleged non-compliance with e-way bill regulations. The case arose when Osr Creation ...

Patna High Court quashed the GST assessment order against M.D. International, citing a violation of Section 75(4) of the GST Act, which mandates a personal hearing before passing such orders. The ...

Jharkhand High Court ruled that tax authorities must follow the due process before passing adjudication orders under the Jharkhand Goods and Services Tax Act, 2017 (JGST Act). The petitioners, Limra ...

Sarajdeep Logistics Pvt Ltd Vs Principal Commissioner of Customs (General) (CESTAT Mumbai) Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, has overturned an o ...

Andhra Pradesh High Court ruled that assessment orders issued without first serving a notice under Rule 142(1)(A) of the CGST Rules, 2017, are invalid. The petitioners, dealers in granite products, ...

1. Mr. Padhi, learned advocate appears on behalf of petitioner and submits, his client is a trust duly registered under the provisions in Income Tax Act, 1961. It is exempted from paying income tax.

The Reserve Bank of India (RBI) has released the updated Master Circular on Housing Finance for the financial year 2025-26. The circular, identified as RBI/2025-26/16 ...

Delhi partly allowed an appeal filed by the Accounts Officer of Bharat Sanchar Nigam Limited (BSNL) against an order by the Commissioner of Income Tax (Appeals) [CIT(A)], Noida. The CIT(A) had upheld ...

The Delhi High Court relied on the Grindlays Bank Plc v. CIT precedent, which establishes that reassessment must be based on properly communicated material. Since Vivo was not informed about the claim ...

Delhi High Court ruled that a discrepancy between the numerical and written amounts on a cheque does not automatically render it invalid and must be examined during trial. In the case of Nitesh Yadav ...

Ahmedabad ruled that penalty under Section 271(1)(c) of the Income Tax Act cannot be levied when income addition is based on estimation. The case involved Maruti Infrastructure Ltd., a real estate ...