News

The CBI has arrested a CGST Superintendent and a consultant acting as an intermediary for an alleged demand of Rs 1 crore bribe. 

CBI Arrests CGST Superintendent and a Consultant in Rs 1 Crore Bribery Case 

Mumbai Police arrested three accused for allegedly supplying mule bank accounts and SIM cards to a cyber fraud network involved in transactions linked to around Rs 24 crore.

Rs 24 Crore Cyber Fraud: Mumbai Police Arrest 3 for Supplying Mule Bank Accounts, 2,898 SIMs

Judgement

The Mumbai ITAT gave the taxpayer another opportunity to substantiate professional, commission expenses and Section 80GG deduction claims before the CIT(A).

ITAT Gives Taxpayer Another Chance to Prove Professional, Commission Expenses and Section 80GG Deduction Claims

ITAT deleted Rs 30,108 in TDS and TCS penalties, holding that its bona fide beliefs constituted reasonable cause under Section 273B of the Income Tax Act.

ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief

ITAT remands the tax dispute to the Assessing Officer for fresh review after finding that the assessee was not given proper opportunity or relevant documents.

ITAT Remands Tax Dispute to Assessing Officer, Directs Fresh Review After Assessee Cites Lack of Proper Opportunity and Non-Supply of Documents

ITAT deleted the Rs 1.13 crore transfer pricing adjustment after finding that depreciation was treated inconsistently while comparing the assessee’s operating margin with comparable companies.

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CBI Arrests CGST Superintendent and a Consultant in Rs 1 Crore Bribery Case

Rs 24 Crore Cyber Fraud: Mumbai Police Arrest 3 for Supplying Mule Bank Accounts, 2,898 SIMs

ITAT Gives Taxpayer Another Chance to Prove Professional, Commission Expenses and Section 80GG Deduction Claims

ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief

ITAT Remands Tax Dispute to Assessing Officer, Directs Fresh Review After Assessee Cites Lack of Proper Opportunity and Non-Supply of Documents

ITAT Deletes Rs 1.13 Crore Transfer Pricing Adjustment, Flags Inconsistent Depreciation Treatment