• Excise/Custom

Procedure for handling returning export cargo from Strait of Hormuz, Waiver of additional fee

5 months ago

CBIC prescribes procedure for handling of returning export cargo from international waters due to closure of the Strait of Hormuz…

  • Income Tax

Addition u/s 68 for cash deposit entries in bank statement upheld though assessee did not maintain books

5 months ago

Addition u/s 68 of the Income Tax Act towards entries of cash deposit in bank statement upheld even though assessee…

  • Concurrent Audit

Central Bank of India Concurrent audit online empanelment FY 2026-27. Last Date 15.03.2026

5 months ago

Central Bank of India Concurrent audit online empanelment for financial year 2026-27. Last Date for filing Online Applications is 15.03.2026…

  • Income Tax

Income tax nation-wide verification exercise on Restaurants suppressing turnover

5 months ago

Income tax Department carries out nation-wide verification exercise on Restaurants suppressing turnover As per Press Release issued by CBDT, Income…

  • Income Tax

Common business premise not enough to label loan creditor as accommodation entry provider

5 months ago

Merely because loan creditor existed in the premises wherein accommodation entry providers had their offices, AO cannot come to the…

  • Income Tax

CBDT amends IT Rules 114F 114G and 114H related to reporting financial institutions

5 months ago

CBDT amends Income Tax Rules 114F 114G and 114H related to reporting financial institutions and their obligations CBDT has by…

  • Income Tax

Not making available material forming basis of reopening shows AO had prejudged the issue

5 months ago

AO stating that material forming basis of reopening shall be disclosed at the stage of assessment/re-assessment, indicates that the AO…

  • Income Tax

Reopening conclusion that assessee was “Non-Filer” was non-application of mind – High Court

5 months ago

Reopening conclusion that assessee was “Non-Filer” despite assessee clearly stating in reply that he had filed ITR was non-application of…

  • Income Tax

HC declined to allow voluminous documents physically in Faceless Assessment

5 months ago

High Court declined to allow production of physical documents by in Faceless Assessment simply because they were voluminous In a…

  • Income Tax

Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information

5 months ago

The prima facie satisfaction u/s 148 cannot be stretched to a non-existing information or incorrect information - ITAT In a…