News

A CA was arrested at Delhi Airport for masterminding a Rs. 750 crore fake loan app scam involving Chinese nationals, data theft, and cyber extortion.

CA Caught Running Rs. 750 Cr Fake Loan App Scam with Chinese Partners

Judgement

ITAT: Regional Rural Bank Entitled to Section 80P Deduction; Reassessment Objections Partly Allowed

Regional Rural Bank Wins: ITAT Allows 80P Deduction, Declines to Uphold Reassessment

The user filed ITR for his retired mother and father around 1 PM, and by 4 PM the same day, both returns were processed, and the refund amounts were also credited to their bank accounts.

Parents Got ITR Refund in Just 3 Hours: Son’s Post Praising Income Tax Department Goes Viral

ITAT quashes reassessment; holds absence of valid satisfaction, incriminating material, and limitation bar fatal under Section 153C

ITAT: Reassessment Under Section 153C Can’t Be Based on Diary Alone

Income Tax: ITAT Crushes Section 153C Reassessments Based on Dead Man’s Diary

Three TDS refund frauds in Maharashtra exposed misuse of PAN details and tax laws to illegally claim income tax refunds in Gondia and Nagpur.

Fake PANs and Bogus Returns: Inside Maharashtra’s Growing TDS Refund Scam

Tribunal partially allows the appeal; holds the 10% ad hoc disallowance arbitrary and unsupported.

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CA Caught Running Rs. 750 Cr Fake Loan App Scam with Chinese Partners

Regional Rural Bank Wins: ITAT Allows 80P Deduction, Declines to Uphold Reassessment

Parents Got ITR Refund in Just 3 Hours: Son’s Post Praising Income Tax Department Goes Viral

Income Tax: ITAT Crushes Section 153C Reassessments Based on Dead Man’s Diary

Fake PANs and Bogus Returns: Inside Maharashtra’s Growing TDS Refund Scam

ITAT Slashes Baseless 10% Expense Disallowance to 4%