Judgement

ITAT Ahmedabad invalidated the entire reassessment proceedings as section 148 notice was issued after the statutory time limit as prescribed by the law. 

ITAT Invalidates Entire Reassessment Proceedings After Issuance of Section 148 Notice After Statutory Time Limit Prescribed Under Law

News

RBI clarifies that eligible freelancers serving overseas clients need not report under the new EDF framework, while exporters can use self-declaration for bills up to Rs 10 lakh each.

RBI Eases Foreign Exchange Compliance for Small Exporters and Freelancers

The 57th GST Council meeting may bring key reforms on arrest powers, ITC protection, faster refunds, registration and compliance rules.

GST Council Meeting Today: Centre May Consider Changes to Arrest Powers, ITC Protection, Refund Processing and GST Registration Rules

ITAT holds that suspicion regarding a buyer’s alleged accommodation entries cannot by itself establish that the assessee’s recorded sales were unexplained income.

ITAT Remands Rs 1.80 Crore Tax Dispute, Says Buyer’s Alleged Accommodation Entries Cannot Alone Trigger Section 68 Addition

The ITAT Ahmedabad grants one more opportunity to assessee despite six earlier non-compliances.

ITAT Remits Rs.49.55 Lakh Agricultural Income Addition to CIT(A) 

The ED searched 20 locations across Kerala in three cooperative society fraud cases involving alleged fake loans, depositor fraud and illegal property transfers.

ED Conducts Searches at 20 Locations Across Kerala in Three Cooperative Society Fraud Cases Involving Alleged Fake Loans and Illegal Property Transfers