News

The Reserve Bank of India penalised Bandhan Bank Limited for KYC non-compliance and regulatory violations, including failure to review risk categories and sanctioning director-related loans, following supervisory inspection and due process.

RBI imposes monetary penalty on Bandhan Bank for violation of Banking Regulations

Judgement

A routine tax filing turned into a dispute when the appellant, despite eligible income, was denied the Section 87A rebate by CPC. Rectification and first appeal failed, pushing the matter to the ITAT.

Rebate under Sec 87A cannot be denied just because income includes STCG (Sec 111A), if total income is below Rs. 7 lakh: ITAT

Admit Card

The NTA has released the admit cards for NEET UG 2026 examinations. Registered candidates can download at neet.nta.nic.in, using required login credentials.

NEET UG 2026 Admit Cards Released: Check Step-by-Step Procedure to Download

The tribunal condones the delay, accepts the sale documents, and deletes the addition on unexplained cash deposits.

Delay Condoned and Addition Deleted on Agricultural Land Sale: ITAT

Tribunal accepts land sale explanation, condones delay, deletes addition for unexplained cash deposits.

ITAT Deletes Rs. 55.55 Lakh Addition; Delay Condoned for Agriculturist

The AO added ₹26.56 lakh as unexplained income based on alleged bogus share transactions. The ITAT found no direct evidence or nexus with the assessee and deleted the addition.

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RBI imposes monetary penalty on Bandhan Bank for violation of Banking Regulations

Rebate under Sec 87A cannot be denied just because income includes STCG (Sec 111A), if total income is below Rs. 7 lakh: ITAT

NEET UG 2026 Admit Cards Released: Check Step-by-Step Procedure to Download

Delay Condoned and Addition Deleted on Agricultural Land Sale: ITAT

ITAT Deletes Rs. 55.55 Lakh Addition; Delay Condoned for Agriculturist

ITAT Ahmedabad Deletes Rs 26.56 Lakh Addition under Section 69A for Lack of Evidence