Judgement

The Gujarat High Court upholds the retrospective benefit of CBEC Circular No. 35/2010

High Court Holds Merchant Exporters Entitled to 1% AIR Customs Duty Drawback

The Central Government has notified an extension of the raw sugar customs duty exemption deadline from October 31, 2026, to December 31, 2026.

Govt Extends Deadline for Raw Sugar Customs Duty Exemption upto December 31

Indo Amines Limited reports a Maharashtra GST Department inspection at its registered office, stating that operations remain unaffected and no material financial or operational impact has been identified so far.

Indo Amines Limited Under GST Department Scrutiny as Maharashtra Tax Officials Initiate Search and Inspection at Registered Office

The ITAT deleted a Section 69A read with Section 115BBE addition after finding that the assessee’s explanation for cash deposits from his business activities was supported by his income tax computation.

ITAT Deletes Section 69A Addition as Income Computation Supports Source of Cash Deposits

The ITAT Patna holds that the assessee must be given an opportunity to present her case before Fresh Assessment.

ITAT Restores Ex-Parte Assessment for Fresh Adjudication After Condoning 1,131-Day Delay

Park Medi World informed the stock exchanges that the Income Tax Department’s verification at company-linked premises had no impact on its operations, commitments or expansion plans.

Park Medi World Says Income Tax Department’s Verification at Company-Linked Premises Had No Impact on Operations or Expansion Plans

The ITAT directed the AO to examine additional evidence and verify the identity, genuineness, and creditworthiness of unsecured loan creditors before passing a fresh order in the Section 68 addition case.

Short Compliance Window Prompts ITAT to Allow Additional Evidence in Unsecured Loan Case

The ITAT Ahmedabad holds that claiming an inadmissible deduction does not automatically amount to Misreporting Under Section 270A .

ITAT Deletes Penalty for Misreporting Income on Political Donation Deduction Under Section 80GGC

The ITAT Ahmedabad relies on Investigation findings and earlier decisions involving alleged bogus political donations.


ITAT Upholds Disallowance of Rs 8.50 Lakh Political Donation Deduction Under Section 80GGC

The ITAT Patna directs fresh assessment after AO failed to verify assessee’s explanation and supporting evidence.


ITAT Remands Assessment for Fresh Verification of Property Investment and Section 80C Deduction

The ITAT Kolkata held assessment as invalid where mandatory scrutiny notice remains unserved and pecuniary jurisdiction is violated.

ITAT Quashes Assessment for Non-Service of Section 143(2) Notice 

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

SEBI warns investors against fake WhatsApp stock tip groups using misleading profit claims and unauthorised trading advice to scam investors.

SEBI Warns Investors Against Fake WhatsApp Groups Offering Stock Tips, Trading Advice and False Profit Claims

CBDT clarifies that compensation received under the BSNL and MTNL VRS-2019 falls under Section 10(10C) of the Income-tax Act, 1961, and cannot be claimed as exempt under Section 10(10B).

High Court Holds Merchant Exporters Entitled to 1% AIR Customs Duty Drawback:

High Court Holds Merchant Exporters Entitled to 1% AIR Customs Duty Drawback

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