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IBA advises public sector banks to revise statutory audit policies following the Banking Laws (Amendment) Act, 2025, including reducing physical branch audit coverage to 50% of total business/advances.

IBA Recommends Public Sector Banks to Reduce Ambit of Physical Branch Audits to 50% of Total Business 

Judgement

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.

ITAT Directs AO to Reconsider Rs 16.44 Lakh Capital Gains and Rs 25.87 Lakh Stamp Duty Value Addition

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

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 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

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.

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IBA Recommends Public Sector Banks to Reduce Ambit of Physical Branch Audits to 50% of Total Business

ITAT Directs AO to Reconsider Rs 16.44 Lakh Capital Gains and Rs 25.87 Lakh Stamp Duty Value Addition

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

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

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

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