Day: November 3, 2025

ITAT deleted addition of amount borrowed for treatment of father and deposited in bank account considering cost of medical treatment in the present day. In a recent judgment, ITAT Lucknow deleted addition for cash deposit of Rs. 10 Lakhs claimed to have borrowed for treatment of his father …

When the income determined as taxable is below exemption limit, provisions of section 115BBE can not be invoked. In a recent case, ITAT Lucknow deleted the addition made by the Assessing Officer (AO) by invoking provisions of section 115BBE of the Income Tax Act, 1961 (the Act) merely …

CBIC issues guidelines regarding Revision of Entries post Clearance under section 18A of the Customs Act 1962 Under Section 18A, inserted vide the Section 93 Finance Act, 2025 providing a facility of revision of entry(ies) already made in relation to the goods, after customs clearance has been given. …

Simplified GST Registration Scheme – GSTN issues advisory for amended GST electronic Registration Scheme to grant GST registration in three working days.  CBIC has amended Rule 14A of the Central Goods and Services Tax (CGST) Rules, 2017, to introduce a Simplified electronic GST Registration Scheme  to reduce the compliance …