• Income Tax

Territorial jurisdiction of ITAT is determined on the basis of situs of Assessing Officer

3 weeks ago

Jurisdiction of ITAT is determined not by the place of business or residence of assessee but by the location of…

  • Income Tax

Notice u/s 148 set-aside as assessee’s e-mail was inactive and notices went un-noticed

3 weeks ago

Notice u/s 148 set-aside and remitted back since the assessee’s e-mail was inactive leading to all notices go un-noticed In…

  • Income Tax

AO after dropping an issue for lack of evidence may re-open it on gathering information

3 weeks ago

AO after dropping an issue in assessment u/s 143(3) for lack of evidence is competent to re-open such issue upon…

  • Income Tax

Jewellery converted into solid gold not unexplained or in excess of permissible limit

3 weeks ago

Merely because jewellery is converted into solid gold / gold biscuits, it cannot be presumed to be unexplained or in…

  • Income Tax

A luxury litigant assessee cannot be given a second innings to make good its case – ITAT

3 weeks ago

Assessee cannot be given a second innings to make good its case - ITAT declines to remand the case second…

  • Income Tax

20% profit rate appropriate on cash deposit in bank representing business receipts – ITAT

3 weeks ago

When cash deposits represent business receipts, income to be estimated by applying a reasonable profit rate. In a recent judgment,…

  • bankruptcy

Resolution plan to include a statement of beneficial-ownership of all natural persons

3 weeks ago

Every resolution plan to include a statement of beneficial-ownership of all natural persons who ultimately owns or controls the resolution…

  • bankruptcy

Change in the address of DRAT, Allahabad with effect from 11.12.2025

3 weeks ago

Change in the address of Debts Recovery Appellate Tribunal, Allahabad with effect from 11.12.2025 Ministry of Finance(Department of Financial Service)…

  • DGFT

Banks authorised to import only gold for FY 2025-26 from 01.04.2025 to 31.03.2026

3 weeks ago

Updated list of banks authorised by Reserve Bank of India to import only gold for FY 2025-26 with effect from…

  • Income Tax

Under POCM, selling/Admin costs allowable despite no revenue declared – ITAT

4 weeks ago

Under percentage completion method, selling/Admin costs are allowable despite no revenue declared as per guidance note of ICAI. In a…