Judgement

Penalty cannot be levied where additions are based purely on estimation of profit element in alleged bogus purchases, rules Tribunal

ITAT Deletes Penalty Where Bogus Purchase Addition Based on Estimated Profit

News

GSK Pharma Limited received a Rs. 3.79 crore GST demand from Madhya Pradesh authorities over ITC claims for FY20-FY23.

GSK Pharma Receives Rs. 3.79 Crore GST Demand Notice from MP Authorities

Addition unsustainable where housing loan and spouse’s bank trail accepted in parallel assessment

ITAT  Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

ITAT Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

Know the expected time and date for CA Final, Inter, and Foundation exams held in January 2026

CA Exam January 2026: ICAI Announces Expected Date and Timing for CA Exam January 2026 Result

IDFC FIRST Bank Limited has reported a Rs. 590 crore fraud at its Chandigarh branch involving Haryana government-linked accounts, suspended four employees, and initiated a forensic audit and legal proceedings.

Rs. 590 Crore Fraud Unearthed at IDFC FIRST Bank’s Chandigarh Branch; Four Employees Suspended

Reliance on legal opinion without independent evaluation and failure to qualify audit report held as professional misconduct

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ITAT Deletes Penalty Where Bogus Purchase Addition Based on Estimated Profit

GSK Pharma Receives Rs. 3.79 Crore GST Demand Notice from MP Authorities

ITAT Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

CA Exam January 2026: ICAI Announces Expected Date and Timing for CA Exam January 2026 Result

Rs. 590 Crore Fraud Unearthed at IDFC FIRST Bank’s Chandigarh Branch; Four Employees Suspended

ICAI Reprimands CA for Wrong FCCB Classification and Failure to Qualify Audit