News

CBIC is examining a centralised GST audit and investigation mechanism that could enable multi-state businesses to undergo a unified PAN-based review, reducing duplicate proceedings and compliance costs.

One PAN, One GST Audit? CBIC Examines Centralised Mechanism for Multi-State Firms, Likely to Enforce in 6 Months

The CBI arrests two proclaimed offenders in separate bank fraud cases after years of evading arrest and court proceedings.

CBI Cracks Down on Long-Absconding Bank Fraud Accused, Arrests Two Proclaimed Offenders From Delhi and Punjab

Judgement

The ITAT Bangalore has dismissed an appeal filed by S A Gadagi against the reassessment proceedings for Assessment Year 2018-19.

ITAT Allows Withdrawal of Appeal Challenging Reassessment and Rs 1.04 Crore Business Income Addition

ITAT directs AO to verify the Rs 10.58 lakh payment and delete Section 43B disallowance if the amount was paid before the ITR filing due date.

Genuine Tax Claims Cannot Be Denied Due to Bona Fide Form 3CD Error, ITAT Sets Aside Section 43B Disallowance

ITAT remands Rs 12.50 lakh Section 69B ‘on-money’ addition to CIT(A) for fresh adjudication after finding inadequate opportunity was given to the assessee.

ITAT Remands Rs 12.50 Lakh Section 69B ‘On-Money’ Addition to CIT(A) for Fresh Adjudication

ITAT condoned a 453-day delay, set aside the CIT(A) order and remanded the tax appeal for fresh hearing on merits.

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One PAN, One GST Audit? CBIC Examines Centralised Mechanism for Multi-State Firms, Likely to Enforce in 6 Months

CBI Cracks Down on Long-Absconding Bank Fraud Accused, Arrests Two Proclaimed Offenders From Delhi and Punjab

ITAT Allows Withdrawal of Appeal Challenging Reassessment and Rs 1.04 Crore Business Income Addition

Genuine Tax Claims Cannot Be Denied Due to Bona Fide Form 3CD Error, ITAT Sets Aside Section 43B Disallowance

ITAT Remands Rs 12.50 Lakh Section 69B ‘On-Money’ Addition to CIT(A) for Fresh Adjudication

ITAT Finds Sufficient Cause for 453-Day Delay, Remands Tax Appeal to CIT(A) for Fresh Hearing