News

In relation to a bank fraud, the CBI Court has convicted and sentenced three public servants to Rigorous Imprisonment (RI) for a period of seven years. 

CBI Court Sentences Three Public Servants to Rigorous Imprisonment for Seven Years in Bank Fraud Case

Judgement

ITAT deleted a Section 69A addition after the assessee established the source of cash deposits through gifts, bank withdrawals and supporting post office records.

ITAT Sets Aside Section 69A Unexplained Money Addition on Gifts Received from Parents, Accepts Cash Withdrawal and Gift Trail

Articles

The Taxation Bar Association, Ludhiana, has urged the CBDT and Finance Minister Nirmala Sitharaman to extend the AY 2026-27 tax audit deadline to October 31 and the related ITR deadline to November 30.

Tax Audit Deadline: Ludhiana Association Seeks Extension Till October 31, 2026

ICAI has expanded mandatory peer review to PSB branch audit firms from January 2027 and set a 365-day target for disposing of disciplinary cases against CAs.

ICAI Extends Peer Review Deadline for PSB Bank Branch Audit Firms to December 31, 2026

Two Nizamabad Municipal Corporation employees were arrested by the ACB for allegedly accepting a Rs 15,000 bribe to process pension documents.

Two Nizamabad Municipal Corporation Employees Held by ACB for Allegedly Demanding Rs 15,000 to Process Pension Documents

CAIT has urged the Honourable Union Minister of Finance and the chairman of the CBDT to extend the due dates for filing the TAR and ITR for audit cases.

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CBI Court Sentences Three Public Servants to Rigorous Imprisonment for Seven Years in Bank Fraud Case

ITAT Sets Aside Section 69A Unexplained Money Addition on Gifts Received from Parents, Accepts Cash Withdrawal and Gift Trail

Tax Audit Deadline: Ludhiana Association Seeks Extension Till October 31, 2026

ICAI Extends Peer Review Deadline for PSB Bank Branch Audit Firms to December 31, 2026

Two Nizamabad Municipal Corporation Employees Held by ACB for Allegedly Demanding Rs 15,000 to Process Pension Documents

CAIT Requests CBDT and Finance Ministry for Two-Month Extension in TAR and Non-Audit ITR Due Dates