Judgement

The ITAT held that once the AO had made an addition based on estimation of sales turnover, he cannot revisit his own order for taxing the assessee on sales turnover.

Second Reopening Invalid if Based on Change of Opinion: ITAT

News

The Reserve Bank of India imposed a penalty on Himachal Pradesh State Co-operative Bank after finding KYC rule violations and lapses in periodic risk review during NABARD inspection.

RBI Imposes Rs 7.5 Lakh Penalty on Himachal Pradesh State Co-operative Bank for KYC Violations

Supreme Court dismisses Revenue SLP, upholding High Court relief in CIRP-linked Income tax proceedings dispute case

SC Upholds CIRP Relief; Refuses to Interfere in Tax Dispute of Reliance Projects and Property Management Services

SC upholds cancellation of Income Tax proceedings against Reliance Projects and Property Management Services

Result

The CBSE is soon anticipated to release the results for the Board Class 10 and 12 Examinations 2026, at cbse.gov.in/cbse.nic.in, check steps to download.

CBSE Board Class 10 and 12 Results 2026 Likely to be Announced on This Date; Know How to Check 

LIC announced a 1:1 bonus share issue, doubling shareholders’ holdings. The company detailed share count, capital changes, and financial sources while maintaining overall investment value through proportional price adjustments.

 LIC Approves 1:1 Bonus Shares for Investors; Every Investor Should Know Details 

Notifications

The amendment corrects a formatting Issue in part A (General Information) of Form ITR-U (Updated Income Tax Return).

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Second Reopening Invalid if Based on Change of Opinion: ITAT

RBI Imposes Rs 7.5 Lakh Penalty on Himachal Pradesh State Co-operative Bank for KYC Violations

SC upholds cancellation of Income Tax proceedings against Reliance Projects and Property Management Services

CBSE Board Class 10 and 12 Results 2026 Likely to be Announced on This Date; Know How to Check

LIC Approves 1:1 Bonus Shares for Investors; Every Investor Should Know Details

CBDT notifies new changes in Form ITR-U [Read Notification]