CAclubindia News

ITAT Delhi Favors Taxpayer in Rs 8.68 Lakh Cash Deposit Case

03 November 2025 at 06:27

The ITAT Delhi has ruled in favour of a taxpayer whose Rs 8.68 lakh cash deposit was wrongly treated as business income under Section 44AD, holding that the Assessing Officer exceeded his jurisdiction in a limited scrutiny case.

Posted in Income Tax | 3525 Views

PMLA Court Denies Bail to IPS Officer's Husband in Rs 263 Crore IT Refund Scam

03 November 2025 at 06:26

A special PMLA court has rejected the bail plea of Purushottam Chavan, husband of an IPS officer, in a ₹263 crore income tax refund scam, citing the gravity of the economic offence and lack of medical urgency.

Posted in Income Tax | 480 Views

Tax Community Shocked as ITAT Endorses 22% Tax on LTCG Under Section 115BAA

03 November 2025 at 06:26

In a controversial ruling, the ITAT has upheld a 22% tax on long-term capital gains, equating it with the corporate tax rate u/s 115BAA, a decision tax experts say ignores legislative intent and could invite arbitrary tax demands.

Posted in Income Tax | 1854 Views

Gross GST Revenue Rises 4.6% YoY to Rs 1.96 Lakh Crore in October 2025

03 November 2025 at 06:26

India's gross GST revenue rose 4.6% year-on-year to Rs 1.96 lakh crore in October 2025, driven by strong import collections and higher compliance. Cumulative FY26 GST collections up 9% to Rs 13.89 lakh crore.

Posted in GST | 696 Views

GST Registration to Be Auto-Approved Within 3 Days Under New CBIC Rules, Effective 1st Nov 2025

03 November 2025 at 06:26

CBIC dated Oct 31, 2025, has introduced new Rules 9A and 14A under the CGST Rules, enabling electronic auto-approval of GST registration and simplified registration for small taxpayers with monthly tax liability below Rs 2.5 lakh, effective Nov 1, 2025.

Posted in GST | 3765 Views

CBIC Extends Online Application Facility for MOOWR Scheme on Invest India Portal Till 15th Nov 2025

03 November 2025 at 06:26

CBIC extends the online application facility for the MOOWR Scheme on the Invest India portal till November 15, 2025. A new CBIC-hosted digital module for MOOWR/MOOSWR applications is under final testing and will be deployed soon.

Posted in Custom | 531 Views

SC Halts GST Demand on JDA Project, Sparks Debate on Taxability of Land Transfers

03 November 2025 at 06:26

The Supreme Court has stayed a GST demand on a real estate project under a Joint Development Agreement (JDA), reigniting debate on whether development rights constitute a taxable service or transfer of land.

Posted in GST | 795 Views

GSTN Issues Advisory on Simplified GST Registration Scheme under Rule 14A Effective 1st November 2025

01 November 2025 at 15:53

The GSTN, on November 1, 2025, issued an advisory introducing the Simplified GST Registration Scheme under Rule 14A of the CGST Rules, 2017.

Posted in GST | 5190 Views

CGST Delhi South Commissionerate Busts Rs 31.95 Crore Fake ITC Racket

01 November 2025 at 09:33

The CGST Delhi South Commissionerate has busted a Rs 31.95 crore fake Input Tax Credit (ITC) racket and arrested a company director for availing fraudulent ITC through fake invoices without actual supply of goods or services.

Posted in GST | 342 Views

Customs Act Amended: CBIC Inserts Reference to Section 18A via Notification 68/2025

01 November 2025 at 06:41

The Central Board of Indirect Taxes and Customs (CBIC) has notified Customs (N.T.) Notification No. 68/2025, amending Notification No. 26/2022–Customs (N.T.) to insert a reference to Section 18A under the Customs Act, 1962.

Posted in Custom | 1347 Views