Judgement

HC quashed reassessment notices holding that proceedings can’t be reopened on identical issues already examined in earlier reassessment u/s 147, and remanded the case for fresh hearing

Delhi HC Quashes Reassessment Notice; Identical Issue Already Examined in Earlier 147 Proceedings

The ITAT Cochin cancelled a Rs. 2.2 lakh penalty on a retired employee, ruling that claiming higher gratuity exemption in good faith did not amount to misreporting of income.

ITAT Cochin Deletes Penalty of Rs. 2.20 Lakh for Gratuity Exemption Claim Filed in Good Faith

ITAT Cochin Deletes Penalty for Incorrect Gratuity Exemption Claim Filed in Good Faith

News

A touching viral video captures a father’s tearful reaction as his son becomes a Chartered Accountant, celebrating years of hard work, sacrifice, and family love.

A Father’s Tears of Pride: Viral Video Shows Emotional Moment as Son Becomes a CA

The ITAT ruled in favour of a retired government officer, deleting unjustified additions made for cash deposits during demonetisation, citing valid explanations from gratuity and loan repayments.

ITAT Quashes Income Tax Addition for Cash Deposits During Demonetisation; Retired Officer Wins Relief

Notifications

CBIC has amended 2019 ECTS regulations to revise and expand the transhipment routes for cargo moving from Indian ports to Nepal.

CBIC Notifies Revised Routes for Transhipment of Cargo to Nepal under ECTS

CBDT has notified Karnataka Housing Board for income tax exemption under Section 10(46A) of Income-tax Act, effective from Assessment Year 2024-25.

CBDT Issues Notification Granting Tax Relief to Karnataka Housing Board

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