Judgement

The tribunal concluded that neither the AO nor the CIT(A) verified the case in detail. Therefore, the case was remanded to the Assessing Officer for proper verification.

ITAT Remands Case for Proper Verification of Cash Sales and Deposits

SC sets asideHigh Court orders quashing FIR in fake E-Stamp forgery case. Holds Magistrate justified under Section 156(3) CrPC; directs police to complete probe

SC Restores Probe in Fake E-Stamp Forgery Case, Slams High Court for Premature Quashing

News

ICAI has announced schedule for online exam forms and correction window for CA Foundation, Intermediate, and Final exams for the January 2026 session.

ICAI Announces Exam Form Dates for CA Foundation, Intermediate, and Final- January 2026 Session

The ITAT agreed with the CIT(A), ruling that the High Court in the case of Karnataka Bank [2009] 316 ITR 345, already stated that the non-rural debts are not required to be adjusted against such provisions.

ITAT Upholds CIT(A) Decision Allowing Bad Debt Deduction Under Section 36(1)(vii) for Non-Rural Branches

The case of Sri Srinivasa Educational & Charitable Trust (supra) was cited, where it was ruled that relying only on search material without conducting an inquiry appears to be the case of borrowed satisfaction.

ITAT Quashes PCIT's Registration Cancellation Order Due to AO's Borrowed Satisfaction

The ITAT remanded the case back to CIT(A) after imposing a Rs. 10,000 cost on the assessee for non-cooperation, allowing a fresh opportunity to explain unexplained investments and cash deposits.

ITAT Ahmedabad Grants Second Opportunity to Assessee with a Cost; Case Remanded to CIT(A)

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