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

Judgement

ITAT deletes the TP adjustment on Rs 94.33 crore CCD interest, holding that CCDs retain their debt character until conversion and that the 12.37% effective rate was within the comparable range.

ITAT Deletes Transfer Pricing Adjustment on 14% CCD Interest Paid to Foreign AE, Rejects Equity Recharacterisation of CCDs

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

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 condones a 205-day delay and remands the Section 80G approval matter to the CIT (Exemption) for fresh consideration after a dispute over the application provision.

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

ITAT Deletes Transfer Pricing Adjustment on 14% CCD Interest Paid to Foreign AE, Rejects Equity Recharacterisation of CCDs

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 Sends Section 80G Approval Matter Back to CIT (Exemption) for Fresh Consideration After Finding Application Issue Requires Re-examination