Judgement

ITAT upheld the Section 11 exemption, holding that the delay in filing Form 10B is only a procedural lapse when the audit report is submitted before assessment completion.

ITAT Clarifies Form 10B Filing Is Directory, Not Mandatory for Section 11 Exemption; Favours Assessee

Since the reason was genuine and unintentional, the tribunal quashed the CIT(A)'s order.

ITAT Sets Aside Penalty Levied for Non-Compliance with Notices

Service Tax proceedings under the Finance Act, 1994 cannot be continued against legal heirs in the absence of an express statutory provision

Orissa HC Quashes Service Tax Demand Raised Against Deceased Assessee

ITAT deleted Rs.1.08 crore cash deposit addition after holding that an assessment framed as an AOP cannot stand when reopening was initiated in the name of an individual.

ITAT Holds Reassessment Invalid for Changing Status from Individual to AOP; Quashes Rs. 1.08 Crore Addition

Circulars

These new rules, effective from 6th October 2026, aim to make business easier, especially for small exporters and importers.

RBI Issues New Regulations for Export and Import of Goods and Services: Know Key Guidelines for Authorised Dealers

Penalties under Sections 270A and 271AAC cannot survive independently when the underlying reassessment itself has been remanded to the AO

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ITAT Clarifies Form 10B Filing Is Directory, Not Mandatory for Section 11 Exemption; Favours Assessee

ITAT Sets Aside Penalty Levied for Non-Compliance with Notices

Orissa HC Quashes Service Tax Demand Raised Against Deceased Assessee

ITAT Holds Reassessment Invalid for Changing Status from Individual to AOP; Quashes Rs. 1.08 Crore Addition

RBI Issues New Regulations for Export and Import of Goods and Services: Know Key Guidelines for Authorised Dealers

ITAT Sends Back Penalty Proceedings After Quantum Assessment Is Set Aside