• Income Tax

Once ITR is filled in response to notice u/s 148 though late, notice u/s 143(2) is must – ITAT

2 days ago

Once assessee filed ITR, in response to the notice u/s 148 of the Act, even beyond time prescribed, Assessing Officer…

  • tender

Petitioner was not disqualified in tender for giving EMD by way of FD not DD

2 days ago

Petitioner was not disqualified in tender for submitting EMD by way of Fixed Deposit in place of Demand Draft -…

  • Bank

State Bank of India elects four Directors in its Central Board

3 days ago

State Bank of India in its General Meeting of the Shareholders elected four Directors to the Central Board. The meeting…

  • Income Tax

Declaration of additional income by increasing the WIP was not proper – ITAT

4 days ago

Voluntary declaration of additional income by increasing WIP was not proper, as assessee will take the additional benefit in the…

  • Income Tax

Cash payment for purchase of land or property not violation of 269SS or 269T

5 days ago

Cash payment for purchase of land or property cannot be treated as violation of provisions of section 269SS or 269T…

  • Income Tax

Excel Utility for ITR-1 and ITR-4 available for e-filing for AY 2026-27

6 days ago

Income Tax Department has released excel Utility for e-filing ITR-1 and ITR-4 for AY 2026-27 Excel utilities of ITR-1 and…

  • Insurance

Mediclaim amount not deductible from MACT award under medical expenses – SC

1 week ago

Amount of money received as Mediclaim not deductible from an award passed by MACT under the head of medical expenses.…

  • Income Tax

ITAT jurisdiction is decided by location of AO passing the impugned order

1 week ago

Location of the assessing officer who passed the order shall decide the jurisdiction of the Bench of the Tribunal In…

  • Income Tax

SC explains meaning/scope of reason to believe u/s 147 and change of opinion by AO

1 week ago

Supreme Court explains meaning and scope of “reason to believe” u/s 147 and when reopening can be said to be…

  • Income Tax

Registration u/s 12AB granted as activities fall under general public utility, if not education as claimed

2 weeks ago

ITAT directed registration u/s 12AB as activities of the trust fall under general public utility services if not falling fall…