Judgement

HC directs fresh sampling of seized cashews and referral to CRCL, New Delhi, holding that denial of re-testing is inconsistent with trade facilitation guidelines under Public Notice No.97/2017

Bombay High Court Orders Re-Testing of Seized Cashew Consignment at CRCL, New Delhi

Court finds valid “reasons to believe” under Section 132 of the Income Tax Act; rejects challenge to search and seizure of jewellery and bullion.

High Court Rejects Writ Against IT Dept.; Search on Lockers Worth Rs. 4.6 Cr Upheld

Tribunal follows jurisdictional High Court rulings and family members’ cases; holds transactions genuine, exempts capital gains under Section 10(38)

ITAT Mumbai: Assessee Gets Relief; Bogus LTCG Addition on Penny Stock Deleted

Court finds no merit in challenge to reassessment; holds that AO is entitled to scrutinize suspected bogus insurance commission transaction.

Delhi HC: AO Free to Scrutinize Genuineness of Rs. 82 Lakh Brokerage Transaction under Section 148

News

RBI Governor Sanjay Malhotra rules out UPI charges and says digital phone locking on EMI defaults is under review.

RBI Governor Clarifies: No UPI Charges, EMI Phone Locking Under Review

ICAI members who missed paying 2025-26 annual fees can now restore their membership by filing Form 9 and paying dues with restoration fees.

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Bombay High Court Orders Re-Testing of Seized Cashew Consignment at CRCL, New Delhi

High Court Rejects Writ Against IT Dept.; Search on Lockers Worth Rs. 4.6 Cr Upheld

ITAT Mumbai: Assessee Gets Relief; Bogus LTCG Addition on Penny Stock Deleted

Delhi HC: AO Free to Scrutinize Genuineness of Rs. 82 Lakh Brokerage Transaction under Section 148

RBI Governor Clarifies: No UPI Charges, EMI Phone Locking Under Review

ICAI Membership Fees and Restoration Update 2025-26