News

The Madras HC has upheld Mahindra Holidays & Resorts' revenue deferral accounting methodology for AY 2006-07 and 2007-08, resulting in a Rs 106 crore reduction in the company's contingent liability.

Madras HC Upholds Mahindra Holidays’ Revenue Deferral Methodology, Cuts Contingent Liability by Rs 106 Crore

A Bengaluru-based fintech firm has reported a Rs 31.43 crore cyber fraud involving 301 unauthorised debit transactions from its escrow account, with the funds allegedly transferred to 127 beneficiary bank accounts.

Bengaluru Fintech Firm Reports Rs 31.43 Crore Cyber Fraud Involving 301 Unauthorised Transactions

Sapphire Foods India Limited has received a GST rectification order from Karnataka tax authorities confirming a demand of Rs 4.39 crore.

Sapphire Foods India Faces Rs 4.39 Crore GST Demand After Karnataka Tax Authorities Issue Rectification Order

Judgement

The ITAT Delhi has condoned delay in filing appeals by senior citizen and remands assessment and penalty proceedings for fresh adjudication.

ITAT Holds Change of Mobile Number, Email ID and Relocation Constituted Sufficient Cause for Condoning Delay

The CBI Academy concluded a week-long ITEC training program for 24 law enforcement officers from 16 countries, covering anti-corruption investigations, digital evidence, cryptocurrency detection and asset recovery.

CBI Academy Concludes Anti-Corruption Investigation and Asset Recovery Training for 24 Officers from 16 Countries

The ITAT holds Substantial Justice must prevail over procedural technicalities and directs CIT(A) to Provide effective opportunities to Assessee.

ITAT Remands Rs. 73.99 Lakh Additions to CIT(A) for Fresh Adjudication

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