Judgement

Tribunal holds rough electronic notings alone cannot support undisclosed income addition without corroboration.

ITAT Rejects Tax Addition Based on Unverified Search Data

Tribunal allows Section 80G deduction on eligible CSR donations and deletes Section 14A disallowance.

ITAT Allows Section 80G Deduction on Eligible CSR Donations

The Income Tax Appellate Tribunal (ITAT) Bangalore, has granted relief to Navi General Insurance Ltd. by deleting disallowances relating to amortisation of preliminary expenses under Section 35D and ESOP expenses claimed under Section 37(1).

ITAT Bangalore Allows Section 35D and Rejects Disallowance Without Disturbing Earlier Assessments

News

Punjab Finance Minister Harpal Singh Cheema warned tax evaders after a GST enforcement drive in Mandi Gobindgarh.

Cheema Warns Tax Evaders; GST Crackdown Seizes Rs 7 Crore Goods, Rs 3.5 Crore Penalty Levied

Notifications

The Finance Ministry has fixed the interest rate on Senior Citizens Welfare Fund (SCWF) deposits at 6.85% for the period from April 1, 2025, to March 31, 2026.

Finance Ministry Notifies 6.85% Interest Rate for Senior Citizens Welfare Fund Deposits

Court grants interim protection against coercive action while constitutional challenge to Black Money Act continues.

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ITAT Rejects Tax Addition Based on Unverified Search Data

ITAT Allows Section 80G Deduction on Eligible CSR Donations

ITAT Bangalore Allows Section 35D and Rejects Disallowance Without Disturbing Earlier Assessments

Cheema Warns Tax Evaders; GST Crackdown Seizes Rs 7 Crore Goods, Rs 3.5 Crore Penalty Levied

Finance Ministry Notifies 6.85% Interest Rate for Senior Citizens Welfare Fund Deposits

Bombay High Court Grants Interim Protection to Anil Ambani in Black Money Act Challenge, Bars Coercive Action