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The Goods and Services Tax Appellate Tribunal held that statutory rectification cannot be used to reopen anti-profiteering findings on merits. Rule 31 allows correcting apparent mistakes, but it does not permit reconsidering decided issues or modifying conclusions based on later rulings.
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the festive season vehicle sales are showing a k-shaped trend where high-demand sport utility vehicles face supply shortages. meanwhile, slower-moving passenger vehicles require heavy discounts and rural motorcycles struggle to regain momentum. only half of all auto dealers expect growth for the period.
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the appellate tribunal held that tax officers cannot reject transitional credit claims on vat tax deducted at source grounds when the show cause notice only alleged mismatch issues and form c deficiencies. section 75(7) prohibits confirming demands on unstated grounds.
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the appellate tribunal ruled that tax demands cannot survive when the foundational facts in the show cause notice are incorrect. authorities also cannot introduce new grounds during proceedings without allowing the taxpayer an opportunity to respond.
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ing group is reportedly looking to sell approximately five hundred million dollars across twelve data center loans. this portfolio includes debt financing linked to a starget project site located in new mexico.
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Siemens Limited declared a consolidated net profit of Rs 504 crore for the quarter ending September 30, 2026, marking a 4.78% rise from Rs 481 crore a year earlier. Operating revenue climbed to Rs 5,734 crore alongside a 38% surge in new orders totaling Rs 6,228 crore.
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Nippon India Silver ETF SILVERBEES has generated returns matching the broader category over the past three years. Market analysts and experts have shared their perspectives on whether investors should purchase the fund during the festive season. The scheme tracks the performance of the white metal through exchange-traded instruments.
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Mitti Labs has been issued more than 97,000 rice methane certificates for its initiatives in South India. Rice farming globally generates roughly 1 billion tonnes of carbon dioxide equivalent annually, matching emissions from the worldwide aviation sector. The agricultural sector remains a significant contributor to greenhouse gases through methane releases from flooded paddies.
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Indian stock markets experienced a downturn throughout Samvat 2082 driven by overseas capital withdrawals, international conflicts, and elevated petroleum costs. Despite this broader market decline, sixteen companies within the Nifty 500 index generated returns surpassing 100 percent, with Cupid and Sterlite Technologies pacing the group.
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The Lok Sabha Speaker formally accepted the resignation of Aga Ruhullah, resulting in the Srinagar parliamentary constituency becoming vacant. No further details regarding the circumstances or subsequent by-election schedules were provided in the report.
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The Income Tax Appellate Tribunal Rajkot held that allegations leveled against a Goods and Services Tax supplier cannot automatically justify making a bogus purchase addition in an assessee's income tax assessment. Tax authorities must establish independent proof rather than relying solely on third-party supplier controversies.
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Silver prices registered a decline during the Dhanteras festival trading sessions. Investors and buyers tracking precious metal markets observed lower rates as retail demand unfolded.
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