Judgement

ITAT partly allowed the assessee’s appeal by deleting Rs. 1.6 crore unsecured loan additions and restricting expense disallowance to only 20% of unverified claims.

ITAT Deletes Rs. 1.6 Crore Unsecured Loan Additions; Expense Disallowance Cut To 20%

Articles

One of the key changes proposed is that the banks will now be required to refund the amount to the customers if the mis-selling is proven.

RBI's Issues New Draft Rules to Stop Mis-Selling by Banks

RBI Issues New Draft Rules to Stop Mis-Selling by Banks

The High Court held that summons are meant for inquiry and do not imply arrest, while also clarifying that no seven-day prior notice is mandatory.

GST Summons Are for Inquiry, Not Detention: Bombay High Court

The ITAT upheld CIT(A)'s order stating that there was no unexplained investment.

ITAT Rejects Revenue's Appeal as Income Source Properly Explained

The Income Tax Department reports a 9.4% rise in net direct tax collections, indicating a wider taxpayer base.

India’s Net Direct Tax Collections Rise 9.4% to Rs. 19.44 Lakh Crore, Reflecting a Broader Tax Base

Appellate Authority for Advance Ruling holds that importer cannot claim ITC where Bill of Entry reflects third-party GSTIN

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ITAT Deletes Rs. 1.6 Crore Unsecured Loan Additions; Expense Disallowance Cut To 20%

RBI Issues New Draft Rules to Stop Mis-Selling by Banks

GST Summons Are for Inquiry, Not Detention: Bombay High Court

ITAT Rejects Revenue's Appeal as Income Source Properly Explained

India’s Net Direct Tax Collections Rise 9.4% to Rs. 19.44 Lakh Crore, Reflecting a Broader Tax Base

AAAR Ruling: No ITC on Bill of Entry Issued in the Name of Third-Party Warehouses