Judgement

ITAT held that not mentioning proper reasons for reassessment proceedings is bad in law; therefore, it quashed the reassessment proceedings made by the AO.

ITAT Delhi Quashes Reassessment Proceedings Based on Suspicion

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A whistleblower was nominated by the Enforcement Directorate as an alleged in its charge sheet for Rs 177 crore in money laundering case related to Torres Jewellers.

PMLA Court Grants Release to Chartered Accountant in Torres Jewellers Matter

The Government of India clarifies in Rajya Sabha that no force-wise tax tracking or policy review exists for defence and security personnel, citing limitations in current ITR data.

ITR Filing: Few Specially Designed Exemptions, Deductions for Defence Personnel

TAT rules surcharge on AOP taxable income must follow slab rates of Finance Act; sets aside 37% levy under maximum marginal rate

ITAT Rules Surcharge on AOP Income Limited to 10%, Not 37%

The Allahabad High Court has quashed both the GST orders and remanded the case back to the AO for fresh consideration.

Writ Petition Allowed: Allahabad High Court Quashes GST Orders for Denial of Fair Hearing

ICAI has recently issued the Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961. These notes are being revised/updated as of 2025.

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ITAT Delhi Quashes Reassessment Proceedings Based on Suspicion

PMLA Court Grants Release to Chartered Accountant in Torres Jewellers Matter

ITR Filing: Few Specially Designed Exemptions, Deductions for Defence Personnel

ITAT Rules Surcharge on AOP Income Limited to 10%, Not 37%

Writ Petition Allowed: Allahabad High Court Quashes GST Orders for Denial of Fair Hearing

ICAI Guidance Note 2025: ICAI Releases Guidance Note on Tax Audit Under Section 44AB of Income Tax Act