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No addition can be made on the basis of the statement recorded during survey u/s 133A from the husband who was also employee of the assessee. In a recent judgment, ITAT Guwahati has held that addition can not be made on the basis of the statement recorded during …
Satisfaction note u/s 153C should be prepared for each Assessment Year mentioning the documents seized in respect of each AY. In a recent judgment, ITAT Bangalore has held that the satisfaction note should be prepared for each Assessment Year mentioning the documents seized in respect of each A.Y. …
A Writ Petition should be filed within a reasonable period, High Court dismissed Petition challenging order passed u/s 119(2)(b) In a recent judgment, Hon’ble High Court while dismissing Writ Petition against order passed u/s 119(2)(b) by the CIT rejecting application for delay in filing return of income observed …
Excel Form 10E-Salary Arrears Relief calculator AY 2026-27 (FY 2025-26) for claiming rebate under section 89(1) of Income Tax Act 1961-Download version 3.15 As per section 89(1) of the Income Tax Act, 1961 relief for income tax has been provided when in a financial year an employee receives …
CBIC prescribes procedure for handling of returning export cargo from international waters due to closure of the Strait of Hormuz and waiver of levy of additional fee CBIC has considered the representations received from field formations indicating that, due to the closure of the Strait of Hormuz and …
Addition u/s 68 of the Income Tax Act towards entries of cash deposit in bank statement upheld even though assessee was not maintaining any books of accounts. In a recent judgment, ITAT Delhi has upheld addition made u/s 68 of the Income Tax Act towards entries of cash …
Central Bank of India Concurrent audit online empanelment for financial year 2026-27. Last Date for filing Online Applications is 15.03.2026 Central Bank of India Concurrent audit online empanelment 2026-27 Central Bank of India invites online applications from practicing CA Firms and Ex-Staff for assigning concurrent audit of its …
Income tax Department carries out nation-wide verification exercise on Restaurants suppressing turnover As per Press Release issued by CBDT, Income tax Department carried out investigation relating to tax evasion pattern in Food & Beverage sector in November 2025. During the exercise, it was found that several restaurants were …
Merely because loan creditor existed in the premises wherein accommodation entry providers had their offices, AO cannot come to the conclusion that loan creditor was also an accommodation entry provider. In a recent judgment, ITAT Delhi has held that merely because loan creditor was existed in the premises …
CBDT amends Income Tax Rules 114F 114G and 114H related to reporting financial institutions and their obligations CBDT has by notification no. 19/2026 dated 05.03.2026 notified Income-tax _________ (Amendment) Rules, 2026 amending Rule 114F, Rule 114G and Rule 114H of Income Tax Rules, 1962. A Reporting Financial Institution …
