• Income Tax

Addition can’t be made based on statement u/s 133A of husband who was employee of assessee

5 months ago

No addition can be made on the basis of the statement recorded during survey u/s 133A from the husband who…

  • Income Tax

Satisfaction note u/s 153C should be prepared for each AY mentioning documents seized

5 months ago

Satisfaction note u/s 153C should be prepared for each Assessment Year mentioning the documents seized in respect of each AY.…

  • Income Tax

Writ Petition to be filed within reasonable period, challenge to order u/s 119(2)(b) dismissed

5 months ago

A Writ Petition should be filed within a reasonable period, High Court dismissed Petition challenging order passed u/s 119(2)(b) In…

  • Income Tax

Excel Form 10E-Salary Arrears Relief calculator for AY 2026-27 for claiming rebate u/s 89(1)

5 months ago

Excel Form 10E-Salary Arrears Relief calculator AY 2026-27 (FY 2025-26) for claiming rebate under section 89(1) of Income Tax Act…

  • 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…