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Husband’s income details can not be disclosed to wife under RTI Act being his personal information – High Court In a recent judgment, High Court has held that husband’s income details can not be disclosed to wife under the provisions of RTI Act being personal information not warranted …
ABCAUS Excel Depreciation Calculator FY 2025-26 under Companies Act 2013 as per Schedule-II Version 05.05 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2025-26 has also been formulated and styled the same way as its …
Distribution of portfolios of RBI Deputy Governors w.e.f. 04.05.2026 on assumption of charge by Shri Rohit Jain Shri Rohit Jain has assumed charge as Deputy Governor of Reserve Bank of India on May 04, 2026 for a period of three years. He was an Executive Director of the …
Merely because share prices doubled, it may not have given rise to any doubt to disbelieve the transaction – High Court In a recent judgment, Hon’ble High Court held that merely because the share prices have more than doubled that too over a long period of two years, …
It is the bounden duty of income tax authority to comply with the decision of the Supreme Court – High Court In a recent judgment, Hon’ble High Court while deleting penalty u/s 271D held that it is the bounden duty of income tax authority to comply with the …
ITAT allows withdrawal of appeal against rejection of registration u/s 12AB as assessee had been availing benefit of blanket exemption u/s 10(23C)(iiiad) In a recent judgment, ITAT Jodhpur allowed withdrawal of appeal against rejection of applications filed for registration u/s 12AB as assessee had been availing benefit of …
When explanation for delay does not smack of mala fide, right of hearing of appeal on merit ought not to be rejected – ITAT In a recent judgment, ITAT Delhi has held that when the explanation for delay does not smack of mala fide or it is not …
ITAT allows exemption u/s 54 allowed despite failure to deposit the amount in Capital Gains Accounts Scheme and new asset having a shop In a recent judgment, ITAT Lucknow has allowed exemption u/s 54F holding that the requirement to invest in Capital Gains Accounts Scheme is merely procedural …
Addition cannot be made in the hands of the assessee solely on the basis of uncorroborated loose-sheet – ITAT In a recent judgment, ITAT Surat has held that addition cannot be made in the hands of the assessee solely on the basis of uncorroborated loose-sheet. ABCAUS Case Law …
ITAT dismisses claim of Leave Encashment exemption u/s 10(10AA)(ii) beyond Rs. 3 lakhs In a recent judgment, ITAT Ahmedabad has dismisses claim of Leave Encashment exemption u/s 10(10AA)(ii) beyond Rs. 3 lakhs for prior to AY 2023-24 ABCAUS Case Law Citation:5132 (2026) (04) abacus.in ITAT In the instant …
