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ITAT Holds Reassessment Invalid for Changing Status from Individual to AOP; Quashes Rs. 1.08 Crore Addition

ITAT Holds Reassessment Invalid for Changing Status from Individual to AOP; Quashes Rs. 1.08 Crore Addition The current appeal has been filed by Late Shri...

ITAT Delhi Upholds Deletion of Rs. 2.13 Crore Section 14A Disallowance on Mutual Fund Investments

ITAT Delhi Upholds Deletion of Rs. 2.13 Crore Section 14A Disallowance on Mutual Fund Investments ITAT Delhi dismissed the tax department's appeal for AY 2018-19,...

ROC Levies Rs. 4 Lakh Penalty on Company and Directors for Address Non-Compliance in Form InC-22A

ROC Levies Rs. 4 Lakh Penalty on Company and Directors for Address Non-Compliance in Form InC-22A ROC (Registrar of Companies) Kanpur has released an order...

RBI Notifies New Export and Import Rules Under FEMA to Ease Trade Compliance; Effective October 2026

RBI Notifies New Export and Import Rules Under FEMA to Ease Trade Compliance; Effective October 2026 The Reserve Bank of India (RBI) has released an...

RBI Notifies New FEMA Rules 2026 for Export and Import of Goods and Services: Effective October 1

RBI Notifies New FEMA Rules 2026 for Export and Import of Goods and Services: Effective October 1 The Central Office of the Foreign Exchange Department,...

ITAT Deletes Entire 4.11 Crore Addition Due to Incompetent Reopening Approval

ITAT Deletes Entire 4.11 Crore Addition Due to Incompetent Reopening Approval The ITAT Delhi quashed the reassessment against the company as the reopening approval was...

Genuine Loan Transactions Cannot Be Treated as Bogus: ITAT Deletes Rs. 2.07 Crore Addition 

Genuine Loan Transactions Cannot Be Treated as Bogus: ITAT Deletes Rs. 2.07 Crore Addition  The Income Tax Department has filed the present appeal in the...

Union Budget 2026: Nirmala Sitharaman to Present Ninth Consecutive Budget on Feb 1; A Record-Breaking Moment

Union Budget 2026: Nirmala Sitharaman to Present Ninth Consecutive Budget on Feb 1; A Record-Breaking Moment The Union Budget 2026 is likely to be presented...

CA Certificate Alone Not Sufficient for Private Institutional Sales Bid: HC

CA Certificate Alone Not Sufficient for Private Institutional Sales Bid: HC Bothra Shipping Services Private Limited has filed the present writ petition in the Delhi...

Shahjahanpur Police Unearths Rs. 10.77 Crore GST Fraud Racket; Private Bank Manager Among Two Arrested

Shahjahanpur Police Unearths Rs. 10.77 Crore GST Fraud Racket; Private Bank Manager Among Two Arrested On Tuesday, Shahjahanpur police unearthed a major GST fraud racket,...

ICAI Penalises CA for Accepting Tax Audit Without Obtaining NOC from Previous Auditor

ICAI Penalises CA for Accepting Tax Audit Without Obtaining NOC from Previous Auditor The Institute of Chartered Accountants of India (ICAI) Board of Discipline has...

ITAT Upholds Allowability of Prior-Period Expenses and Capital Subsidies; Favours Assessee

ITAT Upholds Allowability of Prior-Period Expenses and Capital Subsidies; Favours Assessee ITAT Delhi dismissed Revenue appeals for AYs 2013-14 and 2018-19, upholding CIT(A). Prior-period discounts...

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