The ITAT Delhi set aside an addition of Rs.44.50 lakh, alleged as commission income on fund routing transactions, due to the CIT(A)'s failure to pass a speaking order. The Tribunal remanded the case ...

The Tribunal reversed the lower authorities' action of treating the ₹2.55 lakh returned income as under-reported, as the return was filed in response to a Section 142(1) notice issued before the ...

Summarizing RBI's New OI Regime (FEMA 2022) for Overseas Direct Investment. Key limits, mandatory reporting (UIN, APR, FLA), and when to use the Automatic or Approval ...

Learn how academic and vocational training programs in Indian prisons help transform offenders, reduce recidivism, and facilitate their reintegration into society after ...

CBIC allows voluntary post-clearance revision of Bill of Entry/Shipping Bills via new regulations (Sec 18A). Importers and exporters can correct errors; Rs.1,000 fee ...

The Appellate Tribunal upheld the ED's attachment of a resort property, ruling it a benami transaction designed to circumvent the law, especially after media scrutiny over CRZ violations. The court ...

The ITAT Delhi invalidated reassessment proceedings because the Section 148 notice was issued two days prior to obtaining the mandatory statutory sanction under Section 151 from the Additional ...

The ITAT Rajkot significantly reduced an addition made under Section 69, ruling that in cases of alleged "on-money" payments found during a search, only the embedded profit component is taxable.

The ITAT Delhi ruled that External Development Charges (EDC) paid by a real estate developer to HUDA are statutory government levies, not payments for the use of land. Following High Court and Supreme ...

Tax notices lacking a mandatory DIN were deemed void by courts, citing CBIC/CBDT circulars. The Supreme Court has stayed these rulings, creating uncertainty over DIN ...

The ITAT Panaji sent the disallowance of agricultural income back to the AO for fresh review, finding that the lower authorities ignored substantial documents and confirmations provided by the ...

Groww's IPO (Nov 4-7, 2025) will unlock ₹2,500 crore in employee ESOP wealth. The event signals the maturation of the ESOP ecosystem, driving talent retention and wealth creation in Indian ...