The Delhi ITAT held that lack of knowledge of the assessment order constituted sufficient cause for delayed filing before the CIT(A). The Tribunal restored the matter for fresh adjudication on merits ...

RBI’s 2026 amendments impose a mandatory three-year cooling-off period after directors complete ten years on co-operative bank boards. The move aims to stop directors from bypassing tenure limits ...

The Bangalore ITAT held that a genuine clerical mistake in Form 10 cannot deprive a charitable trust of exemption under Section 11(2) when the accumulation claim was properly disclosed elsewhere and ...

The Tribunal ruled that a Section 153C notice issued beyond the statutory ten-year period could not survive in law. The assessment order passed pursuant to such notice was therefore annulled as ...

The article explains how smartphones, digital onboarding, and app-based platforms have made investing more accessible across ...

The article explains how Section 186 of the Companies Act regulates loans, guarantees, securities, and investments through ...

The Supreme Court dismissed the SLP against the Allahabad High Court ruling holding that confiscation proceedings under Section 130 cannot be initiated merely because excess stock was found during ...

The Supreme Court dismissed the SLP against the Allahabad High Court ruling holding that mere excess stock found during survey cannot justify confiscation proceedings under Section 130 of the GST ...

The Tribunal set aside the matter to the Assessing Officer for fresh adjudication of the co-operative housing society’s deduction claim under Section 80P(2)(d). The ruling emphasized that the claim ...

The Tribunal ruled that additions under Section 69A cannot survive where ledger accounts, bank statements, and lender confirmations establish genuine banking transactions. Mere suspicion arising from ...

The ITAT Mumbai deleted additions under Section 69 after holding that denial of cross-examination violated principles of natural justice. The Tribunal ruled that third-party statements cannot be ...

The Delhi ITAT held that a reassessment notice digitally signed on 31 March 2021 but served on 1 April 2021 falls under the new Section 148A regime. Failure to follow mandatory reassessment procedures ...