ITAT Ahmedabad deletes ₹25.66 Lakh addition u/s 68, holding cash deposits explained as regular collections from trade debtors cannot be treated as unexplained credits when AO presents no contrary ...
ITAT Ahmedabad upheld the deletion of a ₹1.42 lakh penny stock addition. The Revenue failed to produce evidence (contract notes, demat statements) linking the assessee to the bogus ...
Delhi ITAT ruled that a Rs. 3.74 Cr tax addition on suppressed profit was illegal. Extrapolating income beyond the search date without evidence is ...
Understand the tax rules for Diwali gifts under Section 56(2)(x). Learn which gifts from relatives are exempt and when gifts from non-relatives become ...
Pune ITAT set aside a PCIT's Section 263 revisionary order against Ravindra Chavan, ruling the “Hear the Other Side” rule was breached by relying on un-confronted ...
Madras High Court modified conditions for provisional release of PVC Coated Fabric [goods involved in misclassified and undervalued] and directed payment of duty; payment of 50% of differential duty ...
Assessee, Kajal Co-operative Housing Society Ltd, engaged in development & sale of residential plots, filed an appeal against the order of the National Faceless Appeal Centre (NFAC), Delhi for AY 2013 ...
IFSCA launched the Foreign Currency Settlement System (FCSS), operated by CCIL IFSC Ltd. The system settles USD transactions ...
RBI includes State and Central Co-operative Banks under the Integrated Ombudsman Scheme, 2021, effective November 1, 2025, for customer grievance ...
ICAI opens empanelment for CA members to serve as January 2026 exam observers. Criteria include age limit (65), no relative appearing, and non-involvement in ...
Kerala High Court dismisses RTI appeal by Dhananjay Gaikwad; IBBI provided all information under its control, no new data required under RTI ...
CBIC introduced system-based auto-approval for IFSC code registration, ending manual port-level checks. This streamlines the process for exporters to get incentives faster and enhances Ease of Doing ...
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