News

CBI has arrested Harnek Singh at Delhi Airport after securing his deportation from the USA in connection with a 2013 Singapore scam involving spoofed calls and fraudulent money transfers.

CBI Arrests Harnek Singh After 13-Year Abscondence in Singapore Scam Case

Articles

ICAI has released a new handbook simplifying residential status, tax and FEMA rules for NRIs under the Income-tax Act, 2025.

ICAI Releases New Handbook on NRI Residential Status, Tax and FEMA Rules

ICICI Prudential Life’s appeal against a Rs 3.75 crore GST demand has been dismissed, with the company planning to further challenge the order.

Commissioner (Appeals) Upholds Rs 3.75 Crore GST Demand Against ICICI Prudential Life; Further Challenge Planned

Judgement

ITAT deleted a Rs 20.65 lakh ad hoc commission disallowance, holding that estimation alone cannot justify an addition without identifying any bogus or non-business payment.

ITAT Deletes Rs 20.65 Lakh Commission Disallowance, Rules AO Cannot Disallow Commission Expenses Merely on Estimation

ITAT deletes Section 56(2)(vii)(b) addition, holding that the 6.2% difference between the stamp duty value and actual property purchase price falls within the permissible 10% tolerance limit.

ITAT Deletes Section 56(2)(vii)(b) Addition on Property Purchase, Holds Property Price Difference Within 10% Tolerance Limit

ITAT set aside the CIT(A) order, giving the taxpayer a fresh opportunity to explain the source of the Rs 20.90 lakh property investment.

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CBI Arrests Harnek Singh After 13-Year Abscondence in Singapore Scam Case

ICAI Releases New Handbook on NRI Residential Status, Tax and FEMA Rules

Commissioner (Appeals) Upholds Rs 3.75 Crore GST Demand Against ICICI Prudential Life; Further Challenge Planned

ITAT Deletes Rs 20.65 Lakh Commission Disallowance, Rules AO Cannot Disallow Commission Expenses Merely on Estimation

ITAT Deletes Section 56(2)(vii)(b) Addition on Property Purchase, Holds Property Price Difference Within 10% Tolerance Limit

Rs 20.90 Lakh Property Investment Dispute: ITAT Pune Sets Aside CIT(A) Order, Gives Taxpayer Fresh Chance to Prove Source