Press Release

RBI has released its 2025 list of Domestic Systemically Important Banks, naming SBI, HDFC Bank, and ICICI Bank as the most critical to India’s financial stability.

RBI Releases 2025 List of Domestic Systemically Important Banks (D-SIBs)

Judgement

The addition made by AO and sustained by the CIT(A) was deleted, and the AO was ordered to provide the necessary relief to the assessee company.

ITAT Holds Payment to Labour Union for Resolving Labour Issues as Allowable Business Expenditure

Tribunal holds that reassessment issued by Jurisdictional AO, without Faceless procedure and without approval of the Competent Authority under Section 151, was invalid.

ITAT Hyderabad Quashes Reassessment for Lack of Proper Section 148 Approval and Non-Faceless Notice; Allows Assessee’s Appeal

ITAT Quashes Reassessment for Lack of Proper Section 148 Approval and Non-Faceless Notice; Allows Assessee’s Appeal

Tribunal holds that Section 68 cannot apply when no books of account exist and cash deposits were admitted by a third party.

ITAT Deletes Cash Deposit Additions; Holds Section 68 Cannot Apply Without Books of Account

Tribunal held that the AO violated Section 144C by finalising assessment before expiry of the statutory 30-day period for filing objections, rendering the assessment order invalid

ITAT Bangalore Quashes Assessment for Non-Issuance of Draft Order Under Section 144C

Tribunal upholds multiple TP inclusions/exclusions,directs fresh ALP computation in Software Development segment.

Explore Our Blogs

RBI Releases 2025 List of Domestic Systemically Important Banks (D-SIBs)

ITAT Holds Payment to Labour Union for Resolving Labour Issues as Allowable Business Expenditure

ITAT Quashes Reassessment for Lack of Proper Section 148 Approval and Non-Faceless Notice; Allows Assessee’s Appeal

ITAT Deletes Cash Deposit Additions; Holds Section 68 Cannot Apply Without Books of Account

ITAT Bangalore Quashes Assessment for Non-Issuance of Draft Order Under Section 144C

ITAT Bangalore Partly Allows Cross Appeals in Mercedes-Benz R&D India TP Case