Press Release

The government appoints a senior executive as Deputy Governor of the RBI for a three-year term under the RBI Act, 1934.

Government Appoints New Deputy Governor at Reserve Bank of India for Three-Year Term

News

Arkade Developers Ltd. received an order imposing a ₹1.14 crore tax demand and ₹11.46 lakh penalty due to disallowed ITC for FY 2019-22, though the company notes no material financial impact and is considering an appeal.

Akrade Developers Ltd recieves GST Appeal Order Confirming Tax Demand and Penalty for ITC Claims

Judgement

The ITAT deleted a Rs. 2,696,730 addition under Section 69A, ruling that Sanhati Infocom’s demonetisation-era cash deposits were legitimate business turnover substantiated by consistent sales records and bank statements.

Demonetisation Cash Deposits Accepted as Regular Business Income by ITAT

Delay excused; Tribunal restores the unexplained investment issue for reconsideration on merits by the AO.

Section 69 Addition Remanded After ITAT Condones Filing Delay

Tribunal rules a penalty cannot be imposed merely for rejected claims made on disclosed facts.

ITAT Grants Relief; Unsustainable Claims Do Not Attract Penalty

The Supreme Court dismisses Revenue SLP, affirms the quashing of reassessment for lack of PE evidence.

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Government Appoints New Deputy Governor at Reserve Bank of India for Three-Year Term

Akrade Developers Ltd recieves GST Appeal Order Confirming Tax Demand and Penalty for ITC Claims

Demonetisation Cash Deposits Accepted as Regular Business Income by ITAT

Section 69 Addition Remanded After ITAT Condones Filing Delay

ITAT Grants Relief; Unsustainable Claims Do Not Attract Penalty

SC Upholds Delhi HC; Reopening Against GE Entities Held Invalid