Judgement

Tribunal remands matter after assessee furnishes new evidence to support exemption claim on farmhouse investment.

ITAT Quashes 153C Assessments Across Three Years for Mechanical “Carbon Copy” Satisfaction Note

The SC held that the transactions were fraudulent and that the bank had advanced technology, using which it should have detected and prevented such transactions.

Banks Responsible for Fraudulent Transactions if Customer Reports Promptly: Supreme Court

Press Release

RBI issued a penalty order on HDFC Bank Limited for breach of provisions of section 19 (1)(a) and 6(1) of Banking Regulation Act, 1949.

HDFC Bank Penalised by RBI for Irregular Benchmarking, Subsidiary Operations, and KYC Lapses

ITAT Delhi held that a missing audit report is a curable defect, and directed the tax department to reassess the case after giving the taxpayer a fair opportunity of hearing.

ITAT Rules in Favour of Education Society; Says Missing Form 10B Is a Curable Defect

ITAT Mumbai set aside the Rs. 62 lakh addition and deleted related penalties after accepting the NRI assessee’s genuine non-receipt of tax notices.

ITAT Sets Aside Rs. 62 Lakh Addition; NRI Not Liable for Missing Tax Notices

Articles

From fake rent claims to missed job-change income, here are 10 salary red flags that can trigger IT scrutiny. Learn how to avoid notices and file a clean return.

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ITAT Quashes 153C Assessments Across Three Years for Mechanical “Carbon Copy” Satisfaction Note

Banks Responsible for Fraudulent Transactions if Customer Reports Promptly: Supreme Court

HDFC Bank Penalised by RBI for Irregular Benchmarking, Subsidiary Operations, and KYC Lapses

ITAT Rules in Favour of Education Society; Says Missing Form 10B Is a Curable Defect

ITAT Sets Aside Rs. 62 Lakh Addition; NRI Not Liable for Missing Tax Notices

10 Salary Income Red Flags That Can Trigger Tax Scrutiny: Avoid These Costly Mistakes