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		<title>ITAT Grants Major Relief to Viraj Group, Rules Seized Cash Transactions Cannot Be Taxed Separately</title>
		<link>https://studycafe.in/itat-grants-major-relief-to-viraj-group-rules-seized-cash-transactions-cannot-be-taxed-separately-422479.html</link>
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		<dc:creator><![CDATA[Saloni Kumari]]></dc:creator>
		<pubDate>Mon, 01 Jun 2026 09:07:09 +0000</pubDate>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[ITAT Pune]]></category>
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					<description><![CDATA[ITAT Grants Major Relief to Viraj Group, Rules Seized Cash Transactions Cannot Be Taxed Separately The ITAT Pune has granted major relief to members of the Viraj Group by holding that alleged unaccounted cash transactions recorded in seized handwritten and digital cash books cannot be taxed separately in the hands of individual directors and group [&#8230;]]]></description>
		
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		<title>FSSAI Seeks Explanation From IRCTC Over Utensil Washing in Train Toilet</title>
		<link>https://studycafe.in/fssai-seeks-explanation-from-irctc-over-utensil-washing-in-train-toilet-422450.html</link>
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		<dc:creator><![CDATA[Meetu Kumari]]></dc:creator>
		<pubDate>Mon, 01 Jun 2026 08:22:05 +0000</pubDate>
				<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[FSSAI]]></category>
		<category><![CDATA[IRCTC]]></category>
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					<description><![CDATA[FSSAI Seeks Explanation From IRCTC Over Utensil Washing in Train Toilet The Food Safety and Standards Authority of India (FSSAI) has issued a notice to the Indian Railway Catering and Tourism Corporation (IRCTC) over an alleged food safety lapse onboard Train No. 12223 (LTT–ERS Duronto Express) after a video circulating on social media purportedly showed [&#8230;]]]></description>
		
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		<title>RBI Imposes Rs 3.10 Lakh Penalty on Credit Access Grameen for KYC Lapses.</title>
		<link>https://studycafe.in/rbi-imposes-rs-3-10-lakh-penalty-on-credit-access-grameen-for-kyc-lapses-422446.html</link>
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		<dc:creator><![CDATA[Meetu Kumari]]></dc:creator>
		<pubDate>Mon, 01 Jun 2026 07:48:55 +0000</pubDate>
				<category><![CDATA[RBI]]></category>
		<category><![CDATA[Monetary Penalty]]></category>
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					<description><![CDATA[RBI Imposes Rs 3.10 Lakh Penalty on Credit Access Grameen for KYC Lapses The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 3.10 lakh on CreditAccess Grameen Limited for non-compliance with certain provisions of the Reserve Bank of India (RBI) directions. The penalty was imposed through an order dated 25 May [&#8230;]]]></description>
		
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		<title>ITAT Condones 2157-Days Delay, Criticises CIT(A) For Not Hearing Case on Merits and Dismissing Appeal Ex-parte</title>
		<link>https://studycafe.in/itat-condones-2157-days-delay-criticises-cita-for-not-hearing-case-on-merits-and-dismissing-appeal-ex-parte-422488.html</link>
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		<dc:creator><![CDATA[Saloni Kumari]]></dc:creator>
		<pubDate>Mon, 01 Jun 2026 07:17:19 +0000</pubDate>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[ITAT Kolkata]]></category>
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					<description><![CDATA[ITAT Condones 2157-Days Delay, Criticises CIT(A) For Not Hearing Case on Merits and Dismissing Appeal Ex-parte The ITAT Kolkata, in a recent significant case, held in favour of the taxpayer and criticised the CIT(A) for not hearing the case on its merits, not properly examining the reason behind the delay and simply dismissing the appeal [&#8230;]]]></description>
		
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		<title>ITAT Grants Relief of Rs. 2 Lakh Despite Lack of Complete Supporting Evidence</title>
		<link>https://studycafe.in/itat-grants-relief-of-rs-2-lakh-despite-lack-of-complete-supporting-evidence-422428.html</link>
					<comments>https://studycafe.in/itat-grants-relief-of-rs-2-lakh-despite-lack-of-complete-supporting-evidence-422428.html#respond</comments>
		
		<dc:creator><![CDATA[Saloni Kumari]]></dc:creator>
		<pubDate>Mon, 01 Jun 2026 03:12:23 +0000</pubDate>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[ITAT Mumbai]]></category>
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					<description><![CDATA[ITAT Grants Relief of Rs. 2 Lakh Despite Lack of Complete Supporting Evidence The assessee filed his return of income for Assessment Year 2018-19 and declared a total income of Rs 5.65 lakh but during the assessment proceedings, the Assessing Officer noticed that the assessee and three other co-purchasers had jointly acquired the property and [&#8230;]]]></description>
		
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		<title>ITAT Mumbai Treats Share Buyback Receipts as Exempt Deemed Dividend</title>
		<link>https://studycafe.in/itat-mumbai-treats-share-buyback-receipts-as-exempt-deemed-dividend-422281.html</link>
					<comments>https://studycafe.in/itat-mumbai-treats-share-buyback-receipts-as-exempt-deemed-dividend-422281.html#respond</comments>
		
		<dc:creator><![CDATA[Meetu Kumari]]></dc:creator>
		<pubDate>Sun, 31 May 2026 12:39:25 +0000</pubDate>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[ITAT Mumbai]]></category>
		<guid isPermaLink="false">https://studycafe.in/?p=422281</guid>

					<description><![CDATA[ITAT Mumbai Treats Share Buyback Receipts as Exempt Deemed Dividend The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that consideration received by a shareholder on buyback of shares pursuant to a court-approved scheme of arrangement was taxable as deemed dividend under Section 2(22)(d) of the Income Tax Act, but remained exempt in [&#8230;]]]></description>
		
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		<title>Bombay High Court Allows Second GST Refund Claim for Omitted Invoice</title>
		<link>https://studycafe.in/bombay-high-court-allows-second-gst-refund-claim-for-omitted-invoice-422367.html</link>
					<comments>https://studycafe.in/bombay-high-court-allows-second-gst-refund-claim-for-omitted-invoice-422367.html#respond</comments>
		
		<dc:creator><![CDATA[Meetu Kumari]]></dc:creator>
		<pubDate>Sun, 31 May 2026 12:08:32 +0000</pubDate>
				<category><![CDATA[GST]]></category>
		<category><![CDATA[Bombay High Court]]></category>
		<category><![CDATA[Custom]]></category>
		<guid isPermaLink="false">https://studycafe.in/?p=422367</guid>

					<description><![CDATA[Bombay High Court Allows Second GST Refund Claim for Omitted Invoice The Bombay High Court has held that a GST refund claim cannot be rejected merely because the taxpayer had earlier filed another refund application covering the same tax period. The Court ruled that Section 54(1) of the CGST Act does not bar the filing [&#8230;]]]></description>
		
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		<title>Gujarat AAR Grants GST Exemption on Raw Isabgol Seeds</title>
		<link>https://studycafe.in/gujarat-aar-grants-gst-exemption-on-raw-isabgol-seeds-422385.html</link>
					<comments>https://studycafe.in/gujarat-aar-grants-gst-exemption-on-raw-isabgol-seeds-422385.html#respond</comments>
		
		<dc:creator><![CDATA[Meetu Kumari]]></dc:creator>
		<pubDate>Sun, 31 May 2026 11:36:56 +0000</pubDate>
				<category><![CDATA[GST]]></category>
		<category><![CDATA[GAAR]]></category>
		<guid isPermaLink="false">https://studycafe.in/?p=422385</guid>

					<description><![CDATA[Gujarat AAR Grants GST Exemption on Raw Isabgol Seeds The Gujarat Authority for Advance Ruling (GAAR), in Advance Ruling No. GUJ/GAAR/R/2026/21 dated 29 May 2026, has held that raw, natural and unprocessed Psyllium Seeds (Isabgol), when procured directly from farmers through APMC auctions, qualify as fresh medicinal plant products under HSN 1211 and are fully [&#8230;]]]></description>
		
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		<title>Director Penalised for Furnishing Incorrect Particulars in E-Form AOC-4 Despite Inadvertant Error</title>
		<link>https://studycafe.in/director-penalised-for-furnishing-incorrect-particulars-in-e-form-aoc-4-despite-inadvertant-error-422406.html</link>
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		<dc:creator><![CDATA[Saloni Kumari]]></dc:creator>
		<pubDate>Sun, 31 May 2026 11:04:56 +0000</pubDate>
				<category><![CDATA[Company Laws]]></category>
		<category><![CDATA[Companies Act]]></category>
		<category><![CDATA[ROC]]></category>
		<guid isPermaLink="false">https://studycafe.in/?p=422406</guid>

					<description><![CDATA[Director Penalised for Furnishing Incorrect Particulars in E-Form AOC-4 Despite Inadvertant Error Shri Vinayaka Products Private Limited is a company incorporated under the Companies Act, 2013 and had filed Form AOC-4 on 25 October 2024. Mr Madhav Babulal Todi, Director of the company, has filed Form AOC-4 and on 5 May 2026, he filed an [&#8230;]]]></description>
		
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		<title>Custom Dept Sanctions Rs 17.69 Crore Refund Claim of Gandhar Oil Refinery (India)</title>
		<link>https://studycafe.in/custom-dept-sanctions-rs-17-69-crore-refund-claim-of-gandhar-oil-refinery-india-422403.html</link>
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		<dc:creator><![CDATA[Saloni Kumari]]></dc:creator>
		<pubDate>Sun, 31 May 2026 10:32:55 +0000</pubDate>
				<category><![CDATA[Custom]]></category>
		<category><![CDATA[Refund]]></category>
		<category><![CDATA[Stock Exchange]]></category>
		<guid isPermaLink="false">https://studycafe.in/?p=422403</guid>

					<description><![CDATA[Custom Dept Sanctions Rs 17.69 Crore Refund Claim of Gandhar Oil Refinery (India) Gandhar Oil Refinery (India) Limited has disclosed to the NSE Limited and BSE Limited that it has received an Order No. 48/MT/DC/CRARS/2026-27, dated May 25, 2026, from the Deputy Commissioner of Customs (Import-II), NCH, Zone -1, Mumbai. Through this order, the tax [&#8230;]]]></description>
		
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