Judgement

ITAT Bangalore held that excess stock found during a survey in a jewellery firm should be taxed as regular business income, not as unexplained investment under Section 69B.

ITAT Rules Excess Stock in Jewellery Business to Be Taxed as Regular Business Income, Not Unexplained Investment

Court affirms conviction of three accused who facilitated and participated in a premeditated group assault ju8leading to a fatal stabbing during a family wedding in Pune

SC Upholds Life Imprisonment for Pune Wedding Murder; Common Object Under Section 149 IPC Fully Proven

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.

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ITAT Rules Excess Stock in Jewellery Business to Be Taxed as Regular Business Income, Not Unexplained Investment

SC Upholds Life Imprisonment for Pune Wedding Murder; Common Object Under Section 149 IPC Fully Proven

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

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

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

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