Judgement

The SC held that the transactions were fraudulent and that the bank had advanced technology, using which it should have detected and prevented such transactions.

Banks Responsible for Fraudulent Transactions if Customer Reports Promptly: Supreme Court

Press Release

RBI issued a penalty order on HDFC Bank Limited for breach of provisions of section 19 (1)(a) and 6(1) of Banking Regulation Act, 1949.

HDFC Bank Penalised by RBI for Irregular Benchmarking, Subsidiary Operations, and KYC Lapses

ITAT Delhi held that a missing audit report is a curable defect, and directed the tax department to reassess the case after giving the taxpayer a fair opportunity of hearing.

ITAT Rules in Favour of Education Society; Says Missing Form 10B Is a Curable Defect

ITAT Mumbai set aside the Rs. 62 lakh addition and deleted related penalties after accepting the NRI assessee’s genuine non-receipt of tax notices.

ITAT Sets Aside Rs. 62 Lakh Addition; NRI Not Liable for Missing Tax Notices

Articles

From fake rent claims to missed job-change income, here are 10 salary red flags that can trigger IT scrutiny. Learn how to avoid notices and file a clean return.

10 Salary Income Red Flags That Can Trigger Tax Scrutiny: Avoid These Costly Mistakes

A step-by-step explanation to help taxpayers apply for Form 13 and prevent extra TDS deductions.

Facing Refund Delays? Lower TDS Certificate Might Be a Solution

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