News & Updates Latest Tax newsDouble GST Demand Allegation in Highway Project: Gauhati HC Grants 45 Days to File Appeal without Limitation Bar [Read Order] November 1, 2025The Court noted that the dispute involved technical aspects requiring specialized adjudication and, therefore, directed the petitioner to file an appeal under the prescribed mechanism Haripriya₹792 Cr Falcon Invoice Discounting Scam: Supreme Court Issues Notice on CA’s Plea to Consolidate FIRs, Denies Interim Protection [Read Judgement] November 1, 2025The petitioner was arrested by the Enforcement Directorate in August 2025 for crimes under the Prevention of Money Laundering Act, 2002 HaripriyaAO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBI's Calculation [Read Order] November 1, 2025The Tribunal noted the AO's failure to provide any specific finding regarding the assessee's accounts to justify rejecting the suo-motu disallowance, making the mechanical application of Rule 8D untenable HaripriyaNo Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order] November 1, 2025The Tribunal ruled in favour of the assessee, Small Industries Development Bank of India , finding no duplication in the claim for bad debts and the provision for bad and doubtful debts under Section 36(1)(viia)(c) of the Act HaripriyaCircular Restricting Inverted Duty Refund Claims Struck Down as Ultra Vires: Gujarat HC Accepts Plea of Kush Proteins [Read Order] November 1, 2025The Court placed reliance on its earlier judgment in Patanjali Foods Ltd. v. Union of India, where a similar restriction on inverted duty refunds was held to be invalid HaripriyaHow to Choose the Best Used Car Under ₹5 Lakh – A Step-by-Step Guide November 1, 2025Purchasing a pre-owned car under ₹5 lakh gives access to a range of reliable options while keeping overall costs within reach. By determining the main factors like features, mileage, and ownership history, buyers can make informed decisions that match their requirements. Considering these aspects together helps ensure the car meets daily needs without exceeding the […] NafilaSpotting Real Trends: How to Identify Mutual Funds That Actually Deliver November 1, 2025Investing in Mutual Funds can often feel overwhelming, given the sheer number of options, each promising attractive returns. However, not every fund sustains its performance over time, and chasing short-term gains can lead to disappointment. The real challenge lies in identifying genuine trends that indicate long-term reliability rather than following temporary market hype. By taking […] NafilaRefund Cannot be Denied for Pre-18.07.2022 Period Merely Due to Later Filing: Gujarat HC Set Aside Rejection of Refund Claim [Read Order] November 1, 2025The Court relied on the decision in Patanjali Foods Ltd. v. Union of India (2025), wherein identical issues on inverted duty refunds and prospective effect of the notification were adjudicated HaripriyaGSTN rolls out 3 Day GST Registration November 1, 2025The new feature is legally implemented through Goods and Services Tax Rule 14A. HaripriyaPending Adjudication Not a Bar to Revised TRAN Filing: Andhra Pradesh HC allows Transitional Credit [Read Order] November 1, 2025The Court examined the application of Circular No. 190/12/2022-GST. Haripriya
