Saloni

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CBI Sentences Former Superintendent of Central Excise to Four Years’ Rigorous Imprisonment in Bribery Case

CBI Sentences Former Superintendent of Central Excise to Four Years’ Rigorous Imprisonment in Bribery Case On February 26, 2026, the Central Bureau of Investigation (CBI)...

RBI Slaps Penalty on Mahindra & Mahindra Financial Services Limited for Fair Practices and Ombudsman Norm Violations

RBI Slaps Penalty on Mahindra & Mahindra Financial Services Limited for Fair Practices and Ombudsman Norm Violations The Reserve Bank of India (RBI) has issued...

Think Your Big Transactions Go Unnoticed? Income Tax Department Is Already Watching

Think Your Big Transactions Go Unnoticed? Income Tax Department Is Already Watching Several taxpayers think non-disclosure of high-valued transactions in income tax returns (ITRs) is...

ITAT Faults CIT(A)/NFAC for Lack of Reasoning; Deletes Major Additions, Remands Rs. 44.71 Lakh Loan Issue

ITAT Faults CIT(A)/NFAC for Lack of Reasoning; Deletes Major Additions, Remands Rs. 44.71 Lakh Loan Issue The ITAT Bangalore has delivered its judgement on an...

Section 54F Deduction Must Follow Statutory Formula, Not CGAS Deposit: ITAT

Section 54F Deduction Must Follow Statutory Formula, Not CGAS Deposit: ITAT The ITAT upheld the Rs. 3.91 lakh addition, ruling that the Section 54F deduction...

ITAT Quashes Rs. 3.90 Crore Section 68 Addition; Holds Only Trading Profit Taxable

ITAT Quashes Rs. 3.90 Crore Section 68 Addition; Holds Only Trading Profit Taxable The ITAT Ahmedabad partly allowed the company's appeal, holding only the trading...

ITAT Ahmedabad Quashes Rs. 90 Lakh Tax Addition for Misidentified Bank Account

ITAT Ahmedabad Quashes Rs. 90 Lakh Tax Addition for Misidentified Bank Account ITAT Ahmedabad quashed a Rs. 90 lakh tax addition against the taxpayer, ruling...

Supreme Court Holds Rooh Afza is Fruit Drink, Not Unclassified Item; Liable to Attract 4% VAT

Supreme Court Holds Rooh Afza is Fruit Drink, Not Unclassified Item; Liable to Attract 4% VAT The Supreme Court of India, in its recent judgement,...

Xiaomi Moves Supreme Court Over Royalty Tax Dispute; Says Ruling Threatens India Manufacturing Plans

Xiaomi Moves Supreme Court Over Royalty Tax Dispute; Says Ruling Threatens India Manufacturing Plans Xiaomi, a Chinese smartphone manufacturer, has recently filed an appeal before...

Punjab Govt Attaches 136 Properties Worth Rs. 91 Crore; Strict Action Against GST Defaulters

Punjab Govt Attaches 136 Properties Worth Rs. 91 Crore; Strict Action Against GST Defaulters The Aam Aadmi Party government in Punjab, led by Chief Minister...

Gujarat High Court Condones 372-Day Delay in Tax Appeal, Accepts Bona Fide Belief of Pending Case

Gujarat High Court Condones 372-Day Delay in Tax Appeal, Accepts Bona Fide Belief of Pending Case The Gujarat High Court condoned a 372-day delay in...

High Court Declines Conversion of Section 74 Proceedings to Section 73 in Absence of Documentary Evidence

High Court Declines Conversion of Section 74 Proceedings to Section 73 in Absence of Documentary Evidence The Gujarat High Court rejects the petitioner's prayer to...

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