Judgement

ITAT Delhi held that an NRI seller is entitled to TDS credit in the correct assessment year even if the buyer deposits the tax late.

Tribunal Rules Seller Cannot Be Denied TDS Credit Due to Buyer’s Late Payment

ITAT Delhi rules that the Section 69C addition is invalid as the Assessing Officer acted beyond the show cause notice, violating natural justice and procedural fairness, allowing the assessee’s appeal.

Income Tax assessment order cannot travel beyond the scope of the show cause notice

Notifications

The RBI has updated its Repo Directions, 2025, to include municipal debt securities as eligible instruments for repo and reverse repo transactions.

RBI Notifies Updated Repo Directions, 2025, Including Municipal Debt Securities

Circulars

SEBI warns investors that digital gold products are unregulated and not covered by investor protection mechanisms.

SEBI Warns Investors Against Unregulated Digital Gold Platforms

The ITAT observed that there was a complete shift in the pattern of sales as compared to the previous FY, and both the AO and CIT(A) did not consider the nature of transactions.

ITAT Deletes Addition of Unexplained Cash Deposits Due to Change in Sales Pattern

Press Release

The MoU enables real-time verification of Chartered Accountant–certified financial documents within the Indian Army’s vendor registration system.

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Tribunal Rules Seller Cannot Be Denied TDS Credit Due to Buyer’s Late Payment

Income Tax assessment order cannot travel beyond the scope of the show cause notice

RBI Notifies Updated Repo Directions, 2025, Including Municipal Debt Securities

SEBI Warns Investors Against Unregulated Digital Gold Platforms

ITAT Deletes Addition of Unexplained Cash Deposits Due to Change in Sales Pattern

ICAI and Indian Army Collaborate for Technology-Driven Document Authentication