News

The CBI has apprehended a proclaimed offender who had been absconding for over 25 years in connection with a fodder scam case, while travelling from Guna (M.P.) to Lucknow (U.P.).

CBI Arrests Proclaimed Offender in Fodder Scam Case Absconding for Over 25 Years

A Ghaziabad CBI court sentenced former Sub Post Master Ved Prakash Pandey to three years in jail for misappropriating Rs 15.27 lakh in postal funds.

CBI Court in Ghaziabad Sentences Former Sub Post Master to Three Years in Jail for Misappropriating Rs 15.27 Lakh in Postal Funds

Judgement

The ITAT examined whether a Rs 10 lakh penalty under Section 43 of the Black Money Act was justified for omitting foreign ESOP shares from Schedule FA despite disclosure of their value elsewhere in the income-tax returns.

ITAT Deletes Section 43 Penalty for Non-Disclosure of Foreign Assets in Schedule FA

CBDT clarifies that compensation received under the BSNL and MTNL VRS-2019 falls under Section 10(10C) of the Income-tax Act, 1961, and cannot be claimed as exempt under Section 10(10B).

CBDT Clarifies BSNL, MTNL VRS-2019 Compensation Taxable Under Section 10(10C), Not 10(10B)

The ITAT Mumbai deleted a Rs 10 lakh penalty under the Black Money Act, ruling that the inadvertent omission of foreign ESOP investments from Schedule FA did not amount to deliberate concealment.

ITAT Deletes Rs 10 Lakh Penalty Under Black Money Act, Holds Omission of Foreign ESOPs in Schedule FA Was Inadvertent

Notifications

The Central Government has notified an extension of the raw sugar customs duty exemption deadline from October 31, 2026, to December 31, 2026.

Govt Extends Deadline for Raw Sugar Customs Duty Exemption upto December 31

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