Courts held that bona fide buyers cannot lose ITC due to supplier non-payment. The key takeaway is that liability cannot shift to the recipient without ...

The Tribunal rejected the refund claim after finding that export proceeds exceeded the declared FOB value. It held that such excess creates a presumption of duty being passed on, barring ...

The issue was whether properties purchased using company funds could escape benami classification. The Tribunal held that ...

The issue involved allegations of assisting in bogus accounting entries. The ruling held that without certification or ...

The Tribunal held that relationship alone is insufficient to reject transaction value without proof of price influence. It ruled that absence of such evidence invalidates demand and ...

GST Registration Cancellation Set Aside for Lack of Proper Reasons, Bank Account Attachment Lapses Automatically Under GST Law after one year: Bombay ...

Karnataka High Court declines writ on pension, arrears and leave claims of retired tax official, holds service matters must first go to CAT; liberty granted to approach appropriate ...

The update prohibits most INR derivative contracts with related entities. Only specific transactions such as cancellations and non-related back-to-back trades are ...

Authorities are targeting buyers based on supplier defaults without proper verification. Courts emphasize that bona fide taxpayers should not be punished without proof of ...

The case involved additions for unexplained bank deposits where the assessee later produced authenticated NRE account evidence. ITAT remanded the matter, directing fresh consideration of documents and ...

IFSCA approved the first foreign family office fund under its 2025 regulations. The move strengthens GIFT IFSC’s position as ...

The Tribunal ruled that payments made during investigation become duty once appropriated in adjudication. It rejected the argument that such payments remain deposits under protest. The decision ...