News

CBI’s Operation Chakra-VI targets digital arrest scam syndicates, with raids across 20 states and three arrests over crores in cyber fraud.

CBI Launches Nationwide Crackdown on Digital Arrest Scam Syndicates Under Operation Chakra-VI

Notifications

UCO Bank has invited eligible practising CA firms to apply for concurrent auditor engagement, with online applications open from September 7 to September 15, 2026.

UCO Bank Invites Applications from CA Firms for Concurrent Audit Engagements; Apply by Sept 15

Judgement

ITAT Pune restored the Rs 1.73 crore penalty after ruling that the Rs 5.60 crore payment to a retiring partner was capital expenditure and not a revenue expense.

ITAT Restores Rs 1.73 Crore Penalty Under Section 271(1)(c) Over Rs 5.60 Crore Development Expense Claim

ITAT remands Rs 25 lakh unexplained credit case for fresh hearing after finding that appellate notices were sent to the wrong email ID, violating natural justice.

ITAT Sets Aside Unexplained Credit Addition Over Wrong Email Notices, Remands Case for Fresh Adjudication

Andheri Police arrest six accused for allegedly posing as Income Tax and Crime Branch officers and demanding Rs 1 crore from a businessman.

Gang Posed as Income Tax Officials, Took Businessman to Andheri Office and Demanded Rs 1 Crore; Police Arrest Six After Detailed Tracking Operation

ITAT deletes Rs 87.67 lakh PF-ESI disallowance against Dell International, holding that Section 154 cannot be used to rectify a debatable issue based on a later Supreme Court ruling.

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CBI Launches Nationwide Crackdown on Digital Arrest Scam Syndicates Under Operation Chakra-VI

UCO Bank Invites Applications from CA Firms for Concurrent Audit Engagements; Apply by Sept 15

ITAT Restores Rs 1.73 Crore Penalty Under Section 271(1)(c) Over Rs 5.60 Crore Development Expense Claim

ITAT Sets Aside Unexplained Credit Addition Over Wrong Email Notices, Remands Case for Fresh Adjudication

Gang Posed as Income Tax Officials, Took Businessman to Andheri Office and Demanded Rs 1 Crore; Police Arrest Six After Detailed Tracking Operation

ITAT Deletes Rs 87.67 Lakh PF-ESI Disallowance in Dell International Services Case; Says Section 154 Cannot Rectify Debatable Issues