News

The CBI has apprehended a proclaimed offender who had been absconding for over 25 years in connection with a fodder scam case, while travelling from Guna (M.P.) to Lucknow (U.P.).

CBI Arrests Proclaimed Offender in Fodder Scam Case Absconding for Over 25 Years

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).

CBDT Clarifies BSNL, MTNL VRS-2019 Compensation Taxable Under Section 10(10C), Not 10(10B)

Judgement

The ITAT Mumbai deleted a Rs 10 lakh penalty under the Black Money Act, ruling that the inadvertent omission of foreign ESOP investments from Schedule FA did not amount to deliberate concealment.

ITAT Deletes Rs 10 Lakh Penalty Under Black Money Act, Holds Omission of Foreign ESOPs in Schedule FA Was Inadvertent

Notifications

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

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

The ITAT allows appeal for AY 2014-15, subject to the AO verifying the settlement payment under the Direct Tax Vivad Se Vishwas Scheme, 2024, and issuing Forms 4 and 5.

ITAT Allows Appeal Over Rs 26.03 Lakh Addition After Assessee Settles Tax Dispute Under Vivad Se Vishwas Scheme 2024

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