Judgement

The ITAT examined whether a Rs 10 lakh penalty under Section 43 of the Black Money Act was justified for omitting foreign ESOP shares from Schedule FA despite disclosure of their value elsewhere in the income-tax returns.

ITAT Deletes Section 43 Penalty for Non-Disclosure of Foreign Assets in Schedule FA

Articles

eMudhra announces plans to shut its global SSL/TLS certificate business after eight compromised cryptographic keys trigger worldwide security concerns and scrutiny from major technology companies.

eMudhra Announces Exit From Global Digital Certificate Business After Major Security Flaw Raises Internet Safety Concerns

News

CBDT clarifies that compensation received under the BSNL and MTNL VRS-2019 falls under Section 10(10C) of the Income-tax Act, 1961, and cannot be claimed as exempt under Section 10(10B).

CBDT Clarifies BSNL, MTNL VRS-2019 Compensation Taxable Under Section 10(10C), Not 10(10B)

The ITAT Mumbai deleted a Rs 10 lakh penalty under the Black Money Act, ruling that the inadvertent omission of foreign ESOP investments from Schedule FA did not amount to deliberate concealment.

ITAT Deletes Rs 10 Lakh Penalty Under Black Money Act, Holds Omission of Foreign ESOPs in Schedule FA Was Inadvertent

Notifications

The Central Government has notified an extension of the raw sugar customs duty exemption deadline from October 31, 2026, to December 31, 2026.

Govt Extends Deadline for Raw Sugar Customs Duty Exemption upto December 31

SEBI warns investors against fake WhatsApp stock tip groups using misleading profit claims and unauthorised trading advice to scam investors.

Explore Our Blogs

ITAT Deletes Section 43 Penalty for Non-Disclosure of Foreign Assets in Schedule FA

eMudhra Announces Exit From Global Digital Certificate Business After Major Security Flaw Raises Internet Safety Concerns

CBDT Clarifies BSNL, MTNL VRS-2019 Compensation Taxable Under Section 10(10C), Not 10(10B)

ITAT Deletes Rs 10 Lakh Penalty Under Black Money Act, Holds Omission of Foreign ESOPs in Schedule FA Was Inadvertent

Govt Extends Deadline for Raw Sugar Customs Duty Exemption upto December 31

SEBI Warns Investors Against Fake WhatsApp Groups Offering Stock Tips, Trading Advice and False Profit Claims