ITAT Ahmedabad Quashes Penny Stock Additions Due to Lack of Evidence

ITAT Ahmedabad Quashes Penny Stock Additions Due to Lack of Evidence The Income Tax Appellate Tribunal (ITAT), Ahmedabad, set aside an addition of Rs 15,911,628 made on alleged bogus capital gains from penny stock transactions. The ITAT ruled that the reopening of assessment and the additions made by the Assessing Officer in the absence of information that the assessee was engaged...

ROC Imposes Rs 3 Lakh Penalty for non-mention of DIN on financial statements

ROC Imposes Rs 3 Lakh Penalty for non-mention of DIN on financial statements The Registrar of Companies (ROC), Uttar Pradesh, recently imposed a penalty on...

New Income Tax Rules Implemented; Know These Tips to Save Time

New Income Tax Rules Implemented; Know These Tips to Save Time The Income Tax Act, 2025, has come into effect as of April 1, 2026,...

Info Edge India Ltd Files Appeal Against Rs 3.64 Crore Tax Demand for AY 2024-25

Info Edge India Ltd Files Appeal Against Rs 3.64 Crore Tax Demand for AY 2024-25 Info Edge, a leading Indian technology holding company that owns...

IPO

Stock Market

ITAT Remands Case for Reconsideration, Cites Faulty Examination by Tax Department

ITAT Remands Case for Reconsideration, Cites Faulty Examination by Tax Department The ITAT Ahmedabad allowed the appeal for statistical purposes, considering the tax authorities' negligence....

ITAT Dismisses Multiple Appeals Over Assessee’s Non-Compliance and Repeated Absence

ITAT Dismisses Multiple Appeals Over Assessee’s Non-Compliance and Repeated Absence The ITAT Mumbai quashed multiple appeals simultaneously based on a similar issue, flagging the assessee's...

Finance

Business

GST

Personal Finance

Retirement Planning in Focus: NPS Equity Funds Outshine Large-Cap Mutual Funds in 2025

Retirement Planning in Focus: NPS Equity Funds Outshine Large-Cap Mutual Funds in 2025 With inflation on the rise and life expectancy growing, retirement planning has emerged as an important aspect of financial planning for Indian investors. Amongst the...

Top Investment Options for Your Child to Ensure His Future

Top Investment Options for Your Child to Ensure His Future Financial security for a child is a key responsibility of parents. Financial help is needed...

Smart Tax-Saving Strategies: 7 Investment Options for Maximum Benefits

Smart Tax-Saving Strategies: 7 Investment Options for Maximum Benefits Tax planning is an important aspect of financial management, enabling individuals to lower their taxable income...

NSC vs. Bank FDs: Which Offers Better Tax Savings and Greater Returns?

NSC vs. Bank FDs: Which Offers Better Tax Savings and Greater Returns? In seeking secure investment options that are additionally tax deductible, the National Savings...

Tax-Saving for ITR Filing in AY 2025-26: Tax Loss Harvesting a Smart Strategy to Reduce Tax Liability in a Falling Market

Tax-Saving for ITR Filing in AY 2025-26: Tax Loss Harvesting a Smart Strategy to Reduce Tax Liability in a Falling Market With the end of...

Income Tax Officers can Gain Access to your Emails and Social Media Profiles From April 2026

Income Tax Officers can Gain Access to your Emails and Social Media Profiles From April 2026 The new bill is allowing tax officers to gain...

IRDAI released Claim Settlement Ratios for all Indian Life Insurance Companies in 2025

IRDAI released Claim Settlement Ratios for all Indian Life Insurance Companies in 2025 The Insurance Regulatory and Development Authority of India (IRDAI) has released the...

Special-Tenure FD Schemes That Offer Rates up to 8.05%; Invest before March 31, 2025

Special-Tenure FD Schemes That Offer Rates up to 8.05%; Invest before March 31, 2025 Several banks have introduced special fixed deposit (FD) schemes that offer...

5 Changes in March Will Affect Your Wallet; Know How?

5 Changes in March Will Affect Your Wallet; Know How? As the financial year is about to end, it is time to finish a number...

Income Tax

Unifi Mutual Introduces Flexi Cap Fund with Growth and Diversification Orientation

Unifi Mutual Introduces Flexi Cap Fund with Growth and Diversification Orientation Unifi Mutual Fund launched its second scheme, the Unifi Flexi Cap Fund. The New Fund Offer (NFO) for investment was opened till May 30, 2025. This is an open-ended equity...

Cryptocurrency

CBI Arrests Co-Founder of Darwin Labs for Role in Rs 20,000 Crore GainBitcoin Scam

CBI Arrests Co-Founder of Darwin Labs for Role in Rs 20,000 Crore GainBitcoin Scam The Central Bureau of Investigation (CBI) arrested Darwin Labs co-founder Ayush...

Audit Firm Director Arrested for Stealing Seized Digital Assets of Rs 30 Crore

Audit Firm Director Arrested for Stealing Seized Digital Assets of Rs 30 Crore Mumbai Police, on Friday, arrested a key official in a forensic audit...

Government Mandates Cybersecurity Audits for Crypto Exchanges to Prevent Cyber Theft

Government Mandates Cybersecurity Audits for Crypto Exchanges to Prevent Cyber Theft In an effort to control the rising cyber thefts in the country, the government...