Judgement

The ITAT Bangalore deletes major additions on unsecured loans, interest, and salary expenses while remanding Rs. 44.71 lakh for fresh verification.

ITAT Faults CIT(A)/NFAC for Lack of Reasoning; Deletes Major Additions, Remands Rs. 44.71 Lakh Loan Issue

The ITAT ruled that only the Rs. 3.34 lakh trading profit of the company is taxable, rejecting the Rs. 3.90 crore unexplained cash credit addition under Section 68.

ITAT Quashes Rs. 3.90 Crore Section 68 Addition; Holds Only Trading Profit Taxable

The Supreme Court of India criticised NCERT and ordered a ban on a Class 8 textbook over references to judicial corruption.

Supreme Court of India Slams NCERT Textbook Over 'Judicial Corruption' Claim; Bench Orders Ban

The ITAT held that Section 54F deduction must strictly follow the statutory formula and cannot exceed the computed exemption merely due to higher deposits in the CGAS.

Section 54F Deduction Must Follow Statutory Formula, Not CGAS Deposit: ITAT

The Kerala High Court ruled that an employer cannot force an employee to continue in service due to financial difficulties, affirming that the right to resign is a fundamental aspect of personal liberty.

High Court: Company Cannot Force Company Secretary to Continue After Resignation

Result

The ICAI is likely to announce the PQC (INTT-AT &amp; IRM), ISA Assessment Test, and CA Final January 2026 examination results simultaneously; check the date for result release.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Faults CIT(A)/NFAC for Lack of Reasoning; Deletes Major Additions, Remands Rs. 44.71 Lakh Loan Issue

ITAT Quashes Rs. 3.90 Crore Section 68 Addition; Holds Only Trading Profit Taxable

Supreme Court of India Slams NCERT Textbook Over 'Judicial Corruption' Claim; Bench Orders Ban

Section 54F Deduction Must Follow Statutory Formula, Not CGAS Deposit: ITAT

High Court: Company Cannot Force Company Secretary to Continue After Resignation

ICAI Plans to Announce PQC, ISA and CA Final Jan 2026 Results Together; Check Expected Release Date