The Mumbai ITAT has ruled that capital gains tax cannot be levied if a property is sold for the same amount as its purchase cost, overturning a tax officer's assessment in a case involving a Rs 85 lakh transaction.
The Income Tax Appellate Tribunal in Hyderabad has upheld the denial of tax exemption to Hyderabad Golf Association, ruling that its restaurant and bar operations exceeded the statutory commercial threshold.
Income Tax authorities provisionally attach 4.4 acres of agricultural land in Gajularamaram, Hyderabad, suspecting five individuals with modest incomes acted as benamidars in a Rs 23.4 crore cash transaction allegedly funded by an unknown beneficial owner
The Income Tax Appellate Tribunal has ruled in favor of a taxpayer who missed I-T notices due to lack of computer literacy, emphasizing justice over procedural rules in digital tax systems.
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Income tax officials conducted extensive raids at textile and jewellery shops across Coimbatore, Tirupur, and Salem on Friday, with one operation targeting alleged distribution of sarees and dhotis to voters ahead of the April 23 assembly election.
Nearly 7000 VAT assessment cases for petrol and diesel dealers are pending in Madhya Pradesh for FY 2024-25. Tax professionals urge the state government to implement a deemed assessment scheme to clear the backlog by the December 2026 deadline.
The Directorate General of GST Intelligence in Hyderabad has arrested two individuals for allegedly orchestrating fake input tax credit networks through dummy firms, involving fraud of ₹260 crore and ₹13 crore respectively.
Income Tax Department attaches property in Medchal Malkajgiri after probe reveals alleged diversion of institutional funds via fake bills and duplicate accounts from a religious educational institution.
The Karnataka High Court has quashed GST notices, ruling that pigmy agents are bank employees, not intermediaries, exempting their salaries from GST. This landmark decision impacts banking and taxation sectors.
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The Income Tax Department resolved 2.22 lakh appeals in FY 2025-26, a 29% increase from the previous year. This effort reduced disputes and enhanced taxpayer services through data-driven approaches.
The Income Tax Department introduces 'Madhu Kar' as part of an outreach campaign to help taxpayers understand the new, simplified, and improved tax rules framework.
Understand how India's tax residency rules differ from global standards, with a focus on physical presence tests, classifications like ROR and RNOR, and practical case studies for cross-border workers.
The Income Tax Department has introduced four new PAN card application forms—Form 93, 94, 95, and 96—to streamline the process for Indian residents, foreign individuals, and entities. Key changes include mandatory contact details, larger photos, and simpl
MSMEs in Gujarat highlight delayed GST refunds, inverted duty structure, and input tax credit blockages as major liquidity challenges during a forum with tax officials.
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A Vijayawada barber, Paidad Srinivasa Rao, faces a ₹72 lakh GST notice and frozen bank account over a scrap iron business he denies involvement in, causing financial and personal distress.
A Coimbatore court sentenced financial advisor B Fayaz Ahmed to two years of rigorous imprisonment and a Rs 24.8 crore fine for tax evasion in the 2015-16 assessment year.
Thousands in Hyderabad's gated communities are hit by increased maintenance charges and 18% GST, straining budgets with an extra Rs 3,000-4,000 monthly. Over 50,000 more households may now face this tax burden.
Resident welfare associations in Hyderabad have petitioned the GST Council for relief from the 18% tax on maintenance fees, arguing it constitutes double taxation and burdens residents amid rising costs.
The DGGI Hyderabad unit has conducted searches at three tech and fintech firms in Chennai, Mumbai, and Bengaluru as part of a GST irregularities probe linked to a multi-crore online betting case, seizing documents and digital evidence.
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Punjab's taxation department recovered Rs 1,137.8 crore in 2025-26 through a crackdown on evasion, with penalties of Rs 1,383.1 crore imposed. Minister Harpal Singh Cheema highlighted a major enforcement jump, including eight FIRs and 15 arrests.
The Indian government has revised PAN card rules effective April 1, impacting linking with Aadhaar, application processes, and penalties for non-compliance. Stay informed to avoid issues.
A farmer in Uttar Pradesh's Budaun district has alleged identity misuse after receiving GST tax notices totaling Rs 14.66 crore. Authorities have formed a special investigation team to probe the matter.
The DGGI Hyderabad unit has provisionally attached a villa worth Rs 20 crore linked to Wegofin director YS Prabhu Kumar in a GST evasion case involving Rs 6,342 crore and 177 shell companies.
The CGST department uncovered a Rs 10 crore tax evasion scheme in Gurgaon and Mewat, arresting a key accused and seizing unregistered machinery in pan masala manufacturing units.
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Income Tax Department seizes gold worth Rs 1 crore from Yadgiri Chinna Goud, alias Dargah Chinna Pahilwan, in Hyderabad after social profiling reveals unaccounted wealth linked to his flashy public persona built around heavy gold jewelry.
Income Tax authorities in Hyderabad seized unaccounted gold worth ₹1 crore from Yadgiri Chinna Goud, known as 'Dargah Chinna Pahilwan'. This marks the first warrant issued under Section 247 of the new Income Tax Act, 2025, targeting individuals with flash
Punjab's net GST collection increased to Rs 26,601.1 crore in 2025-26, marking a 12.5% rise from the previous year. Finance Minister Harpal Singh Cheema highlighted strong growth despite mid-year disruptions from GST 2.0 changes.
Andhra Pradesh recorded a massive 10% rise in net GST collections in March 2026, with overall growth of about 6% for FY 2025-26. The state outperformed southern peers through compliance and technology-driven monitoring.
DGGI Visakhapatnam has arrested T Venkata Swaroop Kumar for operating a fake Input Tax Credit racket through dummy firms, involving Rs 9.62 crore in fraudulent ITC. This marks the first arrest of FY 2026-27 in a case with earlier arrests.
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Haryana has achieved the highest growth in gross State GST revenues in India for FY 2025-26, recording a 22% increase, far exceeding the national average of 6%. The state's SGST collection rose to Rs 48,289 crore, and it now ranks sixth nationally in GST
