News

A Jaipur CBI court has sentenced ex-Bank of Maharashtra manager Ram Bharos Meena to 7 years in jail for a Rs 3.61 crore loan fraud.

CBI Court Jails Ex-Bank Manager 7 Years in Rs 3.61 Crore Loan Fraud Case

CBI probes an alleged Rs 93.44 crore PNB loan fraud involving Hanjer Biotech Energies and its directors.

CBI Registers Rs 93.44 Crore PNB Bank Fraud Case, Searches Mumbai Premises Linked to Company Directors

GST authorities have proposed reducing Equitas Small Finance Bank’s demand from Rs 533.81 crore to Rs 23.95 crore following its submissions on exemption of interest income from loans and advances.

Equitas Small Finance Bank Limited Secures Reduction in GST Demand from Rs 533.81 Crore to Rs 23.95 Crore

Judgement

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

ITAT Pune deleted a Rs 11.78 lakh Section 69A addition after accepting retirement benefits, agricultural income and small loans as sufficient sources for the cash deposits.

ITAT Grants Major Relief to Retired Maharashtra Government Employee, Deletes Rs 11.78 Lakh Unexplained Cash Addition Under Section 69A

ITAT remanded the appeal to the CIT(A) for fresh adjudication after noting that evidence submitted against various income tax additions required proper examination.

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CBI Court Jails Ex-Bank Manager 7 Years in Rs 3.61 Crore Loan Fraud Case

CBI Registers Rs 93.44 Crore PNB Bank Fraud Case, Searches Mumbai Premises Linked to Company Directors

Equitas Small Finance Bank Limited Secures Reduction in GST Demand from Rs 533.81 Crore to Rs 23.95 Crore

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

ITAT Grants Major Relief to Retired Maharashtra Government Employee, Deletes Rs 11.78 Lakh Unexplained Cash Addition Under Section 69A

ITAT Remands Appeal of Unexplained Investments and Loans After CIT(A) Allegedly Overlooked Submitted Evidence