News

Two MHA officials were apprehended in Delhi for allegedly demanding bribes from an association to facilitate FCRA registration and renewal, with further investigation underway.

Two MHA Officials Held in Delhi for Allegedly Seeking Bribes From Association to Facilitate FCRA Registration, Renewal

Judgement

The ITAT Delhi held that Investigation Wing Report and SEBI findings alone cannot establish bogus LTCG without independent evidence.


ITAT Deletes Section 68 Addition on LTCG from Penny Stocks for Lack of Direct Evidence

The ITAT Delhi holds CIT(A) failed to properly examine lenders’ creditworthiness and additional evidence.


ITAT Remands Rs 6.50 Crore Section 68 Loan Addition for Fresh Investigation

CBI has arrested alleged Mahadev Betting App kingpin Abhishek Kumar after his arrival from Dubai and secured police custody for further investigation.

CBI Arrests Wanted Accused in Mahadev Betting App Case After His Arrival at Rajiv Gandhi International Airport 

The ITAT Ahmedabad held that mere Investigation Wing Report and Penny Stock Allegation is insufficient to establish assessee’s connection 


ITAT Holds Suspicion Cannot Substitute Evidence 

ITAT deleted Section 69A bogus LTCG addition, holding that suspicion and Investigation Wing findings alone could not establish an accommodation entry.

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Two MHA Officials Held in Delhi for Allegedly Seeking Bribes From Association to Facilitate FCRA Registration, Renewal

ITAT Deletes Section 68 Addition on LTCG from Penny Stocks for Lack of Direct Evidence

ITAT Remands Rs 6.50 Crore Section 68 Loan Addition for Fresh Investigation

CBI Arrests Wanted Accused in Mahadev Betting App Case After His Arrival at Rajiv Gandhi International Airport

ITAT Holds Suspicion Cannot Substitute Evidence

ITAT Deletes Section 69A Bogus LTCG Addition, Holds Suspicion Cannot Replace Evidence