Judgement

The Tribunal ruled that no penalty should be imposed for a technical delay in filing a tax audit report if the audit itself was completed on time.

Income Tax: No Penalty for delay due to IT-Portal Technical glitches

ITAT Delhi held that payments for project-specific bridge design services cannot be taxed in India as “royalty” under the Act or the India-UAE DTAA.

Big Win for UAE Assessee: ITAT Holds Design Fees Not Taxable as "Royalty" Under India-UAE DTAA

Circulars

The CBDT clarified that only the jurisdictional Principal Commissioner/Commissioner can condone delays in filing Form 10A under Section 12A.

Income Tax clarification on Authority to Condone Delay in Filing Form 10A under Section 12A

News

Music Broadcast Limited received a rectification order that reduced a tax demand of Rs 89.6 lakh, including penalties, to zero.

GST Demand of Radio City FM reduced to zero via rectification order

A CA allegedly forged trustee signatures to siphon Rs 6.85 crore from ERDC, prompting the ED to file a PMLA prosecution complaint and attach equivalent assets.

ED Files PMLA Complaint Against Chartered Accountant in Rs 6.85 Crore ERDC Fraud Case

Articles

The ICAI revised its CPE requirements from 2026, reducing annual learning hours based on age brackets to provide flexibility for senior members.

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Income Tax: No Penalty for delay due to IT-Portal Technical glitches

Big Win for UAE Assessee: ITAT Holds Design Fees Not Taxable as "Royalty" Under India-UAE DTAA

Income Tax clarification on Authority to Condone Delay in Filing Form 10A under Section 12A

GST Demand of Radio City FM reduced to zero via rectification order

ED Files PMLA Complaint Against Chartered Accountant in Rs 6.85 Crore ERDC Fraud Case

New CPE Guidelines by ICAI: Revised CPE Hour Requirements for Calendar Year 2026 Onwards