Judgement

The ITAT Delhi rules that mere inconsistencies in explaining seized cash do not justify sustaining entire addition


ITAT Restricts Section 69A Addition to Rs 3 Lakh 

The ITAT Delhi rules that mere inconsistencies in explaining seized cash do not justify sustaining entire addition

ITAT Restricts Section 69A Addition to Rs 3 Lakh

STA files two cybercrime complaints over fake e-challan payment scams and suspected unauthorised alterations to learner’s licence data on the Sarathi portal.

STA Files Two Cybercrime Complaints Over Fake E-Challan Messages, Sarathi Data Alteration

The Gujarat High Court held that mere allegation of tax evasion cannot justify extended five-year limitation under Section 74.

High Court Quashes GST Section 74 Notice Issued Beyond Limitation 

The 57th GST Council proposes major changes to arrest provisions, prosecution thresholds and penalties to simplify GST compliance and promote a taxpayer-friendly system.

57th GST Council Meeting: Proposed Removal of Arrest Provision Under Section 69 and Changes to Prosecution Rules

Punjab CM’s OSD Rajbir Singh Ghuman challenges the CBI probe and Sangrur raid over alleged lack of prior approval.

Punjab CM Bhagwant Mann’s OSD Rajbir Singh Ghuman Moves High Court Against CBI Probe, Challenges Search of Sangrur Residence Without Prior Approval

The ITAT Kolkata directs CIT(A) to examine all grounds of appeal and relevant documents before deciding deduction claim



 ITAT Remands Rs 4 Lakh Section 80GGC Deduction Dispute to CIT(A) 

The CBI arrested the Kendriya Vidyalaya Itarsi principal and a middleman for allegedly accepting a Rs 3 lakh bribe to clear pending school renovation bills.

CBI Arrests Kendriya Vidyalaya Principal and Middleman for Allegedly Accepting Rs 3 Lakh Bribe

The ITAT Ahmedabad held that Section 115BAB option once exercised cannot be disregarded merely because no tax was computed in first year


ITAT Allows 115BAB Tax Benefit Claim And Remands Eligibility Verification to AO

The ITAT restored Exemption under Section 11 as fee dispute was pending before Odisha High Court


ITAT Holds Section 11 Exemption Cannot Be Denied to Educational Trust Merely for Excess Fee Collection

The ITAT Kolkata sets aside Assessment dispute for fresh proceedings after CIT(A) failed to decide grounds of appeal on merits


ITAT Remands Ex-Parte Assessment for Fresh Adjudication 

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The ITAT allowed Geecee Ventures Limited’s appeal, holding the Section 148 notice invalid due to the absence of approval from the specified authority under Section 151 and declaring the consequential reassessment order void ab initio.

ITAT Quashes Reassessment Order Against Geecee Ventures Over Lack of Section 151 Approval From Specified Authority

India has withdrawn the special tax benefit for banks importing gold, silver and platinum, making them liable to pay 3% IGST to ensure tax parity across different import routes.

ITAT Restricts Section 69A Addition to Rs 3 Lakh :

ITAT Restricts Section 69A Addition to Rs 3 Lakh

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