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NFRA Cracks Down on Audit File Lapses: 60-Day Completion Rule, 7-Day Submission Deadline, Many More

NFRA Cracks Down on Audit File Lapses: 60-Day Completion Rule, 7-Day Submission Deadline, Many More The National Financial Reporting Authority (NFRA) has issued a circular...

HC Dismisses Writ in Bogus CENVAT Credit Case, Grants Taxpayer Final Chance to File Statutory Appeal

HC Dismisses Writ in Bogus CENVAT Credit Case, Grants Taxpayer Final Chance to File Statutory Appeal Navneet Bansal filed the present appeal in the Delhi...

ITAT Allows Charitable Trust Appeal: Donations Held Religious, Not Business Income

ITAT Allows Charitable Trust Appeal: Donations Held Religious, Not Business Income ITAT held that donations received by the charitable trust were used for religious and...

CBI Catches Superintendent, CGST Red-handed While Accepting Bribe of Rs. 5 lakh

CBI Catches Superintendent, CGST Red-handed While Accepting Bribe of Rs. 5 lakh The Central Bureau of Investigation (CBI) has caught Superintendent, CGST Audit-I, Mumbai red-handed...

CBDT Flags Discrepancies in Refund Claims via SMS Alerts; Reminds Revised Return Deadline Approaching

CBDT Flags Discrepancies in Refund Claims via SMS Alerts; Reminds Revised Return Deadline Approaching The Central Board of Direct Taxes (CBDT) is sending SMS to...

India-New Zealand Conclude Financial Services Annex Under FTA, Going Beyond WTO Commitments

India-New Zealand Conclude Financial Services Annex Under FTA, Going Beyond WTO Commitments On December 22, 2025, India and New Zealand finished their discussion on the...

ICAI Board of Discipline Dismisses Allegations of Election Misconduct Against Chartered Accountant

ICAI Board of Discipline Dismisses Allegations of Election Misconduct Against Chartered Accountant The ICAI Board of Discipline, constituted under Section 21A of the Chartered Accountants...

ITAT Upholds 8% Profit Estimation for AY 2015-16; Grants Partial Relief for AY 2020-21

ITAT Upholds 8% Profit Estimation for AY 2015-16; Grants Partial Relief for AY 2020-21 ITAT Chennai dismissed the appeal for AY 2015-16, upholding 8% profit...

IT Dept Intensifies Data-Driven Tax Scrutiny; Issues Bulk Notices After AIS, TIS and Form 26AS Mismatch Detection

IT Dept Intensifies Data-Driven Tax Scrutiny; Issues Bulk Notices After AIS, TIS and Form 26AS Mismatch Detection The Income Tax Department has reinforced its data-driven...

Section 263 Valid Only for Unexamined Issues, Cannot Reopen Matters Already Settled in Appeal: ITAT

Section 263 Valid Only for Unexamined Issues, Cannot Reopen Matters Already Settled in Appeal: ITAT ITAT Jabalpur, in a recent case, ruled that Section 263...

Hidden Cost of Non-Compliance: A Rs. 63.9 Lakh Lesson in DIN Reporting

Hidden Cost of Non-Compliance: A Rs. 63.9 Lakh Lesson in DIN Reporting One needs to pay a cost of around Rs. 5000 to apply for...

ITAT Rules Late Form 10B Filing Cannot Deny Section 11 Exemption; Tribunal Favours Assessee

ITAT Rules Late Form 10B Filing Cannot Deny Section 11 Exemption; Tribunal Favours Assessee Father Leblond Trust filed the present appeal before the ITAT Kolkata,...

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