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CADILA HEALTHCARE TAX CASE
Product's form at sale, not end use, will determine tax rate: Supreme CourtThe Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its ...- India to widen services production index to include education, health and defenceThe statistics ministry plans to expand the monthly Index of Services Production to cover education, healthcare, public administration and ...
- Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interfaceThe Centre plans to launch a pilot faceless scheme under the Central Goods and Services Tax. The aim of the scheme is to reduce direct inte...
- Hospital pricing part of wider value chain: Max MDAbhay Soi, chairman of Max Healthcare, commented on scrutiny regarding hospital pricing in India. He stated that hospitals should be evalua...
- Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...
- Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these groundsMrs Chudamasa’s counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submit...
- GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleg...
- Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT ChennaiMr Amirtharaj from Thygarayanagar, got Rs 85.03 lakh cash gifts from his sister’s husband, uncle and other relatives, he deposited this cas...
- Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know whyA family from Panchkula owned some ancestral land in a village. A member of this family sold his share of the the said land for Rs 8 crore ...
- GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payoutThe upcoming 57th GST Council meeting on October 7 is set to unveil transformative proposals that could reshape GST regulations. Key sugges...
- Wall Street’s $10 billion India hospital bet sparks a fight over billsWall Street has poured about $10 billion into Indian hospital chains over the past five years, with investors including Blackstone, KKR, TP...
- GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get reliefThe GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabli...
- GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
- Google cofounder Sergey Brin has spent over $100M to oppose California's billionaire tax. Here's how much he could lose if the proposal is passedBrin has contributed over $100 million to oppose California's proposed wealth tax on billionaires. Proposition 40 would impose a one-time 5...
- Jefferies is bullish on 6 healthcare stocks with upside potential of up to 46%. Own any?Hospital stocks extended losses amid regulatory scrutiny over cancer-drug markups and pharmacy practices. Despite the selloff, Jefferies ma...
- ACKO launches three products across motor, health and travelDigital insurer ACKO has rolled out three innovative offerings designed for motor insurance, healthcare, and travel needs. The DriveCam is ...
- Rs 9.91 lakh income tax refund for senior citizen after proving that he mistakenly paid income tax on tax-free bonds; ITAT Delhi order explainedMr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free b...
- SC upholds HC order, clarifies scope of Fortis forensic auditThe Supreme Court maintained the Delhi HC's directive for a forensic audit of certain banking transactions. This audit specifically concern...
- In Iowa, soaring cancer rates emerge as a key midterms issueCancer has emerged as an unusual bipartisan campaign issue in Iowa’s midterm races as the state confronts the second-highest cancer rate in...
- Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these datesThe Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit ...
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