Judgement

ITAT holds that mere allegations without concrete evidence cannot justify addition under Section 69C. Revenue must prove unexplained expenditure before imposing tax liability.

Mere accusations cannot entail Revenue to fasten Income tax liability u/s 69C: ITAT

Articles

A quick look at how ICAI’s latest amendments have transformed statutory audits with stricter rules, deeper disclosures, and stronger compliance requirements.

How Statutory Audits Have Changed After Recent ICAI Amendments

Under the Social Security Code, the minimum eligibility duration to receive gratuity is one year for the fixed-term employees.

New Labour Codes: Fixed-Term Employees Now Eligible for Gratuity After Just 1 Year

News

A complete overhaul of India’s labour system, the new Labour Codes unify existing 29 laws and bring minimum wages, social security, safer workplaces, and clearer rights for all workers.

India Implements New Labour Codes 2025: A Historic Overhaul of Workers’ Rights Effective from Nov 21

The Reserve Bank of India (RBI), in its "State of the Economy" report, has warned that India’s economy is growing faster, even though there are still problems and uncertainties in the global economy.

RBI's State of the Economy Report Signals Strong Growth Amid Global Uncertainty

The ITAT remanded the case after finding that the income was increased without issuing the mandatory show-cause notice.

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Mere accusations cannot entail Revenue to fasten Income tax liability u/s 69C: ITAT

How Statutory Audits Have Changed After Recent ICAI Amendments

New Labour Codes: Fixed-Term Employees Now Eligible for Gratuity After Just 1 Year

India Implements New Labour Codes 2025: A Historic Overhaul of Workers’ Rights Effective from Nov 21

RBI's State of the Economy Report Signals Strong Growth Amid Global Uncertainty

ITAT Kolkata Flags Natural Justice Violation in Rs. 12.77 Crore Income Addition, Case Remands to CIT(A)