Judgement

Approval by PCIT instead of PCCIT after three-year period held fatal to jurisdiction; assessment annulled

ITAT Quashes Reopening of Assessment Due to Invalid Sanction Under Section 151

News

CCI imposes Rs. 27.38 crore penalty on Intel for violating Section 4 through a discriminatory India-specific warranty policy.

CCI Orders Intel to Pay Rs 27.38 Crore for Violating Competition Act

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.

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ITAT Quashes Reopening of Assessment Due to Invalid Sanction Under Section 151

CCI Orders Intel to Pay Rs 27.38 Crore for Violating Competition Act

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