Judgement

ROC has imposed a Rs 1.44 lakh penalty on the company and its directors for delay in the MGT-14 filing and directed compliance within 90 days.

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14

Surat Cybercrime Police have arrested a 26-year-old Haryana man in an alleged Rs 40 lakh WhatsApp ‘Boss Scam’ that involved impersonating a company owner to trick an accountant into transferring funds.

Fake WhatsApp Boss Dupes Company Accountant of Rs 40 Lakh; Surat Police Arrest Haryana Man in Cyber Fraud Case

The ITAT remanded the Rs 3.33 crore demonetisation-period cash deposit case to the Assessing Officer for fresh verification of bank account ownership and the source of deposits.

ITAT Remands Rs 3.33 Crore Demonetisation Cash Deposit Case to AO, Directs Rs 10,000 Relief Fund Payment

The ITAT Chennai remands Egberts India’s Rs 15.43 crore additions under Sections 68 and 69 for Fresh Consideration.

ITAT Admits Additional Evidence Relating to Unexplained Cash Credits 

Uttarakhand’s Tax Department detected alleged Rs 2.5 crore tax evasion at a Ramnagar resort, with management depositing Rs 1 crore following the search.

Uttarakhand Tax Department Detects Rs 2.5 Crore Tax Evasion at Ramnagar Resort

The Income Tax Department has expanded the scope of the Saksham Nudge initiative to further include tax professionals in order to accelerate the filing process for TAR for FY 2025-26.

Income Tax Dept Increases Scope for  Saksham Nudge Initiative to Further Include Professional Insuring Timely Compliance

The ITAT Chennai has set aside the order of the CIT(A) directing the authority to condone a delay of 315 days and decide the assessee’s appeal on merits. 


ITAT Directs CIT(A) to Condonе 315-Day Delay and Decide Income Tax Appeal on Merits

The Union Cabinet has approved a new Bill to increase the number of Supreme Court judges from 33 to 37, excluding the Chief Justice, aiming for faster justice and better case handling.

Supreme Court Judge Strength to Increase from 33 to 37 for Faster Justice

The Tribunal examined the DGAP report; found that ITC benefits were already passed to buyers; held no profiteering occurred; accepted the closure report; and dismissed the proceedings against the respondent company.

Builder Cleared of Profiteering Charges After Passing Excess ITC Benefit to Homebuyers: GSTAT

Jubilant Ingrevia Limited received a GST penalty order confirming demand for FY 2017-18, alleging wrongful ITC use, and stated it planned to file an appeal before GSTAT.

Jubilant Ingrevia to Challenge Rs 2.03 Crore GST Demand Before GSTAT

Gobind Jain filed a Rs 70 crore lawsuit against IndusInd Bank, alleging wrongful termination without due process, seeking reinstatement, unpaid dues, and reputational damages in the Bombay High Court.

Rs 70 Crore Claim Row: Ex-CFO Gobind Jain Moves Bombay High Court Against IndusInd Bank Over Alleged Wrongful Dismissal

Dream Sports launched DreamStreet, its new retail broking platform, marking entry into financial services. The platform offered equity and ETF trading with AI tools to simplify investing for users.

Dream Sports Launches Dream Street: AI-Powered Entry into India’s Retail Broking Market

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

NIIT Limited faces a Rs 1.72 crore tax appeal before Delhi ITAT for AY 2018-19 but expects no adverse impact on its financial position or operations.

NIIT Limited Discloses Income Tax Department’s Appeal Before Delhi ITAT, Says No Adverse Financial Impact Expected

The ITAT Chennai held reassessment beyond three years as invalid without approval from the Competent Authority.


ITAT Quashes Reassessment as Section 148 Approval Was Obtained from PCIT Instead of Pr. CCIT

The ITAT remanded the case to the AO for fresh examination of land-related tax additions, DVO valuation, disclosure of the remand report, and verification of the assessee's claimed 16.21% ownership share.

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14:

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14

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