• Income Tax

Once assessee discharges primary onus, it shifts to AO to bring evidence to contrary – ITAT

2 months ago

Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…

  • Income Tax

Cost Inflation Index for FY/Tax Year 2026-27 notified by CBDT. See Up-to-date Table of CII

2 months ago

CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…

  • Income Tax

Power of CIT(A) u/s 251(1)(a) to remand case can be exercised only in best judgment assessment

2 months ago

Power of CIT(A) under section 251(1)(a) to remand case could be exercised only when the assessment is passed u/s 144…

  • ICAI

ICAI (Global Networking) Guidelines, 2025 kept in abeyance

2 months ago

ICAI (Global Networking) Guidelines, 2025 kept in abeyance In February 2026, ICAI had issued ICAI (Global Networking) Guidelines 2025 to…

  • Empanelment

Bank of India-Online Concurrent Audit Empanelment FY 2026-27. Last Date : 15.07.2026

2 months ago

Bank of India-Online Concurrent Audit Empanelment  FY 2026-27. Last Date to apply is 15.07.2026 Notice for CA firms applying for…

  • Income Tax

Assessing Officer not an expert to do the job of share premium valuation – ITAT

2 months ago

  AO was not competent in valuing the share premium amount as he is not an expert to do the…

  • Income Tax

No law prevents Bengali’s right to be in Hindu Joint Family (HUF) – ITAT

2 months ago

Under Dayabhag law there is nothing to prevent Bengalis to be in Hindu Joint Family (HUF) In a recent judgment,…

  • Income Tax

Presumption u/s 132(4A) r.w.s. 292C applicable only to searched person not to third person – ITAT

2 months ago

There is no presumption of accuracy or truthfulness of any loose sheet found in search premises of a third party…

  • Income Tax

CBDT issues 23 FAQs on transition provisions under Section 536 of the Income-tax Act, 2025 

3 months ago

CBDT has issued 23 FAQs on transition provisions under Section 536 of the Income-tax Act, 2025  CBDT has issued 23…

  • Income Tax

Respondent assessee, under Rule 27 can’t raise a ground which is adverse to appellant Revenue

3 months ago

Respondent assesse, under Rule 27 not entitled to raise a ground which would work adversely to the appellant Revenue -…