Judgement

The SC has ruled that income tax reassessment proceedings are invalid in the absence of a mandatory notice under Section 143(2), clarifying that taxpayer participation cannot cure the complete non-issuance of such notice.

Supreme Court: Income Tax Reassessment Invalid Without Mandatory Section 143(2) Notice Issuance Even If Taxpayer Participates

The ITAT Delhi held that repayment of Rs 1 Crore loan before reassessment notice supports genuineness.

ITAT Holds Repaid Loan Cannot Be Treated as Bogus Accommodation Entry Merely on Suspicion

The ITAT condones 349-Day Delay in Appeal by Small Farmer and directs AO to reconsider penalty proceedings.


ITAT Remands Case for Fresh Decision After Granting Hearing Opportunity

Articles

A former National Archives archivist has been sentenced to three years in jail by an Ahmedabad CBI court for accepting a Rs 15,000 bribe.


Former National Archives Archivist Sentenced to Three Years in Jail by Ahmedabad CBI Court for Accepting Rs 15,000 Bribe

News

Customers of PNB’s Greater Noida branch have alleged unauthorised withdrawals of around Rs 35 crore from savings accounts and fixed deposits, prompting police action. 

PNB Fraud Unveiled in Greater Noida: Rs 35 Crore Allegedly Missing From Customers’ Savings Accounts and FDs

Notifications – Central Tax (Rate)

The Central Government has amended the GST rate notification to align the definition of “Nominated Agency” with DGFT’s Appendix 4B, effective November 1, 2026.

Government Amends GST Rate Notification Under Section 11(1) of the CGST Act, 2017, to Update The Definition of Nominated Agency

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News