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AI Data Analysis Triggers Nationwide Survey on Restaurants for Suppression of Sales

Taxguru16 Mar, 2026News

The Income Tax Department conducted a nationwide verification exercise targeting tax evasion patterns in the Food and Beverage (F&B) sector. An investigation carried out in November 2025 revealed that several restaurants were suppressing sales by deleting bulk bills and modifying transaction records.

6 Landmark GST HC Rulings on Section 74, ITC Denial, Penalties, Recovery & Natural Justice

Taxguru12 Feb, 2026News

The Goods and Services Tax law is now maturing into a litigation-rich regime where courts are increasingly called upon to balance revenue protection with taxpayer rights and ease of doing business. Over the past year, several High Court rulings have laid down important guardrails on the exercise of powers under GST, especially in relation to Section 74 proceedings, denial ofInput Tax Credit (ITC), penalties, tax recoveries, e-invoicing lapses, and procedural fairness.

ICAI Extends CPE Hours Submission for Calendar Year 2024 to 31st May 2025

Taxguru12 Jan, 2026News

The Institute of Chartered Accountants of India has announced an extension of the deadline for compliance with Continuing Professional Education (CPE) hours for the Calendar Year 2025. The last date for completing the prescribed CPE hours has been extended from 31 December 2025 to 31 March 2026, following a review of member compliance data, to provide relief and avoid hardship arising from non-compliance.

Section 158BD Assessment Valid for Wife Based on Diary Seized from Husband’s Premises

Taxguru21 Dec, 2025News

The appeal was filed by Smt. B. Renuka before the Telangana High Court under Section 260A of the Income Tax Act, 1961, challenging the ITAT Hyderabad Bench ‘A’ order in I.T. (S.S.) A.No.148/Hyd/2002, which pertained to the block period 1989-90 to 1998-99 and 01.04.1999 to 27.07.1999. The ITAT had partly allowed the appellant’s appeal only regarding the levy of surcharge under the proviso to Section 113, which could not be applied retroactively before 01.06.2002. However, the Tribunal upheld the Assessin

Blocking Beyond ITC Available in credit ledgers is Illegal P&H HC

Taxguru12 Nov, 2025News

The Punjab and Haryana High Court decided three connected writ petitions — M/s Shyam Sunder Strips v. Union of India and Others, M/s Shyam Trading Co. v. Union of India and Others, and M/s Kamaldeep Metalics Pvt. Ltd. v. Union of India and Others - concerning the blocking of Electronic Credit Ledgers (ECLs) under Rule 86-A of the Goods and Services Tax (GST) Rules, 2017. The key issue was whether the Commissioner or an authorized officer could