Judgement

The ITAT Ahmedabad decided in favour of Hiralben Jineshbhai Bavisi, holding that cash deposits in her bank account constituted business receipts and not unexplained income, deleting the prior addition.

Unexplained Cash Deposits: ITAT Ahmedabad Grants Relief to Small Homemade Food Business

The Income Tax Department has released the ITR-6 Excel Utility for AY 2026-27, enabling eligible companies to prepare and file their income tax returns through the e-filing portal.

Income Tax Dept Releases ITR-6 Excel Utility for AY 2026-27 on E-Filing Portal; Check Step-by-Step Download Guide

Everest Industries has received a GST show cause notice proposing a tax demand of Rs 3.17 crore for FY 2022-23 over alleged GST, ITC and compliance-related discrepancies.

Everest Industries Receives Rs 3.17 Crore GST Show Cause Notice; Company to Contest Allegations

Know whether you can have multiple Savings Accounts in India, their benefits, and when opening another account makes financial sense.

How Many Savings Accounts Can You Have - and Should You?

The Pune ITAT restored a taxpayer's appeal to the CIT(A) for fresh adjudication after it was dismissed for non-prosecution, granting another opportunity to contest the reassessment.

ITAT Says Appeal Cannot Be Dismissed Without Examining Merits, Orders Fresh Decision

The JPC has proposed major amendments to corporate laws, including higher small company limits, CSR relaxations, audit reforms, and LLP changes, though the Bill is yet to become law.

Corporate Laws (Amendment) Bill, 2026 Proposes Major Changes in Company Compliance Rules

The High Court holds that where the case rests on documentary evidence already seized, prolonged pre-trial detention is unjustified.


High Court Holds That Continued Custody Not Warranted After Filing of Complaint

The Union Cabinet has approved a new Bill to increase the number of Supreme Court judges from 33 to 37, excluding the Chief Justice, aiming for faster justice and better case handling.

Supreme Court Judge Strength to Increase from 33 to 37 for Faster Justice

The Tribunal examined the DGAP report; found that ITC benefits were already passed to buyers; held no profiteering occurred; accepted the closure report; and dismissed the proceedings against the respondent company.

Builder Cleared of Profiteering Charges After Passing Excess ITC Benefit to Homebuyers: GSTAT

Jubilant Ingrevia Limited received a GST penalty order confirming demand for FY 2017-18, alleging wrongful ITC use, and stated it planned to file an appeal before GSTAT.

Jubilant Ingrevia to Challenge Rs 2.03 Crore GST Demand Before GSTAT

Gobind Jain filed a Rs 70 crore lawsuit against IndusInd Bank, alleging wrongful termination without due process, seeking reinstatement, unpaid dues, and reputational damages in the Bombay High Court.

Rs 70 Crore Claim Row: Ex-CFO Gobind Jain Moves Bombay High Court Against IndusInd Bank Over Alleged Wrongful Dismissal

Dream Sports launched DreamStreet, its new retail broking platform, marking entry into financial services. The platform offered equity and ETF trading with AI tools to simplify investing for users.

Dream Sports Launches Dream Street: AI-Powered Entry into India’s Retail Broking Market

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The ITAT set aside an ex-parte income tax assessment and directed the AO to conduct a fresh hearing after providing a fair opportunity to the taxpayer.

ITAT Sets Aside Ex-Parte Income Tax Assessment for Breach of Natural Justice

Police rescued a GST audit team after hundreds of traders allegedly blocked them inside a Sowcarpet shop, sparking a major protest.

GST Officials Rescued After Traders Block Audit Team in Chennai

The ITAT Ahmedabad Directs AO to Grant Foreign Tax Credit Despite Delay in Filing Form 67


Unexplained Cash Deposits: ITAT Ahmedabad Grants Relief to Small Homemade Food Business:

Unexplained Cash Deposits: ITAT Ahmedabad Grants Relief to Small Homemade Food Business

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