News

RBI has imposed an Rs 8.10 lakh penalty on Shri Ram Finance Corporation for regulatory lapses involving director appointment approvals, customer risk classification and timely uploading of KYC records.

RBI Imposes Rs 8.10 Lakh Penalty on Finance Firm Over KYC, Governance Lapses

Judgement

ITAT condoned a 393-day delay by a lorry owner-cum-driver, set aside the CIT(A) order, and remanded the Rs 1.18 crore Section 69A cash deposit dispute for fresh consideration.

ITAT Condones 393-Day Delay, Gives Lorry Owner Fresh Chance to Explain in Rs 1.18 Crore Unexplained Cash Deposit Case

Articles

ICAI issues new Guidance Note outlining accountants’ responsibilities and verification requirements for Section 92E transfer pricing reports.

ICAI Releases New Guidance Note on Section 92E Transfer Pricing Report

DGGI busts an illegal pan masala and tobacco manufacturing network in UP, uncovering suspected tax evasion of Rs 185 crore.

DGGI Busts Illegal Pan Masala, Tobacco Manufacturing Network in UP; Detects Suspected Tax Evasion of Rs 185 Crore

ITAT condoned a 2,273-day delay in an NRI assessee’s appeal and remanded the Rs 25.44 lakh income addition to the AO for fresh adjudication.

ITAT Condones Nearly 6-Year Delayed Appeal of NRI, Remands Rs 25.44 Lakh Addition to AO for Fresh Consideration

ITAT condoned a 3558-day delay, citing genuine hardship, and remanded the Rs 3 lakh Section 68 unexplained loan addition to the AO for fresh adjudication.

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RBI Imposes Rs 8.10 Lakh Penalty on Finance Firm Over KYC, Governance Lapses

ITAT Condones 393-Day Delay, Gives Lorry Owner Fresh Chance to Explain in Rs 1.18 Crore Unexplained Cash Deposit Case

ICAI Releases New Guidance Note on Section 92E Transfer Pricing Report

DGGI Busts Illegal Pan Masala, Tobacco Manufacturing Network in UP; Detects Suspected Tax Evasion of Rs 185 Crore

ITAT Condones Nearly 6-Year Delayed Appeal of NRI, Remands Rs 25.44 Lakh Addition to AO for Fresh Consideration

ITAT Orders Fresh Adjudication in Rs 3 Lakh Unexplained Unsecured Loan Case After Condonation of 3558-Day Delay