News

The CBI has arrested  the Executive Director of Munition India Ltd. (MIL) and two other private persons in a bribery case in exchange for extending official favours.

CBI Apprehends MIL Executive Director for Demanding Bribe in Exchange for Extending Official Favours 

BCCL plans to file a review petition after the Supreme Court upheld a Rs 46.20 crore payment decree in a contract dispute with ATLibra BPL.

Supreme Court Rejects BCCL’s Appeal in Overburden Removal Contract Case; Company Plans Review Petition

The CBI Court, Shimla, sentenced 11 accused, including two former Canara Bank officials and Colour Camp Industries, to four years of rigorous imprisonment.

Canara Bank Fraud Case: CBI Court Sentences 11 Accused to 4 Years’ Rigorous Imprisonment, Imposes Rs. 19.75 Lakh Penalty

Notifications

The Ministry of Finance has notified amendments to the India-Mauritius tax treaty, introducing Article 27B to deny treaty benefits in certain arrangements where obtaining such benefits was one of the principal purposes.

India-Mauritius DTAA Amended to Prevent Tax Avoidance and Treaty Abuse: New Article 27B Introduces Anti-Abuse Rules

CBDT has revised Income Tax Form 161 for penalty waiver applications, introducing new tax calculation requirements and declarations for taxpayers under the Income-tax Act, 2025.

CBDT Revises Form 161 For Penalty Waiver on October 8: Key Changes Taxpayers Should Know

Judgement

The ITAT Chennai holds That AO can consider other incriminating material found during assessment proceedings.

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CBI Apprehends MIL Executive Director for Demanding Bribe in Exchange for Extending Official Favours

Supreme Court Rejects BCCL’s Appeal in Overburden Removal Contract Case; Company Plans Review Petition

Canara Bank Fraud Case: CBI Court Sentences 11 Accused to 4 Years’ Rigorous Imprisonment, Imposes Rs. 19.75 Lakh Penalty

India-Mauritius DTAA Amended to Prevent Tax Avoidance and Treaty Abuse: New Article 27B Introduces Anti-Abuse Rules

CBDT Revises Form 161 For Penalty Waiver on October 8: Key Changes Taxpayers Should Know

ITAT Upholds Section 153C Jurisdiction Based on Seized Material