Judgement

ITAT has given the taxpayer another opportunity to explain bank deposits and interest income by remanding the case for a fresh assessment.

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits

The Income Tax Department has flagged 9,144 property documents across Uttar Pradesh, suspecting tax evasion worth Rs 5,121 crore amid missing records, incomplete PAN details and suspicious transactions.

Income Tax Department Suspects Rs 5,121 Crore Tax Evasion in Uttar Pradesh After Examining Over 26,000 Property Registration Documents

The Madhya Pradesh HC has set aside a GST Show Cause Notice (SCN) passed against G R Infraprojects in Form GST DRC-01 under Section 74 of the CGST Act, 2017, and the MPGST Act, 2017.

Madhya Pradesh HC Quashes Section 74 GST Show Cause Notice Passed Against G R Infraprojects

The GSTAT has introduced a Standard Operating Procedure (SOP) to facilitate transfer of cases from one Branch Officer to another (BO-to-BO), here is step by step procedure. 

GSTAT Introduces SOP for Branch Officer-to-Branch Officer (BO-to-BO) Case Transfer Ensuring Seamless Reassignment of Cases

Kalpataru Properties received a Rs 73.85 crore GST demand notice for FY26 but expects no material financial impact.

Kalpataru Properties Gets Rs 73.85 Crore GST Notice, Says No Material Impact Expected

The GSTAT set aside the Section 129 penalty, holding that a genuine bill-to/ship-to transaction supported by valid invoices, e-way bills and movement records could not be penalised merely because the original supplier had not generated the e-way bills.

GSTAT: E-Way Bills Cannot Be Invalidated Merely Because They Were Not Generated by Original Supplier

The ITAT Mumbai holds that primary evidence of loan transactions shifts the onus to the AO.

ITAT Deletes Rs 2.06 Crore Addition Under Section 68 for Unsecured Loans

The ITAT Bangalore has allowed tax exemption on BSNL VRS retrenchment compensation and eligible leave encashment, granting major relief to retired employees.

 ITAT Rules BSNL VRS Compensation Exempt from Tax Under Section 10(10B), Grants Leave Encashment Relief

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

Don't rely on an ITR deadline extension. File early to avoid errors, penalties, and refund delays.

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension

The Income Tax Department has uncovered a Rs 65.5 crore fake tax refund scam involving bogus deduction claims under Section 80GGC. 

Meerut Accountant Accused in Rs 65.5 Crore Income Tax Refund Scam

A professional's viral post about paying nearly Rs 1 crore in taxes but receiving no support after being laid off has reignited the debate on social security and taxpayer benefits in India.

Professional’s Viral Post on Rs 1 Crore Tax Sparks Debate on India’s Social Security

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

In connection with the Rs 843.97 crore bogus political party donation racket, the Income Tax Department has filed a complaint with the CID (Crime) against eight accused in Gujarat.

Rs 843.97 Crore Bogus Political Party Donation Racket Unearthed in Gujarat, Income Tax Dept Files Complaint With CID (Crime)

A retired Central GST Commissioner named Anand Kumar was kidnapped by unknown persons. The police became familiar with the crime following a complaint filed by his wife; assailants were arrested within hours. 

Retired Central GST Commissioner Kidnapped by Unknown Persons, Assailants Nabbed Within Hours

The Delhi High Court holds assessment based solely on Form 26AS data without independent inquiry violates Principles of Natural Justice.

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits:

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits

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