ITAT upheld disallowance of security guard expenses as deduction from capital gain arising from sale of plot In a recent judgment, the ITAT Jaipur has held that security guard expenses to protect the Plot from trespassing by miscreants claimed by the assessee as deduction towards capital gain was …

Penalty u/s 270A @ 200% upheld for claiming fake deductions under Chapter VIA In a recent judgment, ITAT Pune has upheld penalty u/s 270A @ 200% for levied for claiming fake deductions under Chapter VIA which were later withdrawn on notice. ABCAUS Case Law Citation:4813 (2025) (10) abcaus.in …

Government established ten new offices of  Regional Directors MCA under LLP Act 2008/Companies Act 2013 The Central Government, in exercise of the powers under section 68A of the Limited Liability Partnership Act, 2008 and section 396 of the Companies Act 2013 has established Regional Directors offices to discharge …

Non-redemption does not result in preference shareholders becoming creditors or debt of the company – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that non-redemption does not result in preference shareholders becoming creditors or debt of the company. Preference shares can be redeemed only out …

CBDT has issued Notification No. 155/2025 dated 27.10.2025 authorising Commissioner of Income Tax, Centralized Processing Centre, Bengaluru  to pass rectification order u/s 154 of the Income Tax Act, 1961 (the Act) in all the cases where the orders have been passed through the interface between Assessing Officer and …

CBIC assigns proper officer under section 74A, section 75(2) and section 122 of the Central Goods and Services Tax Act, 2017 CBIC has issued Circular No. 254/11/2025-GST dated 27/10/2025 assigning proper officer under section 74A, section 75(2) and section 122 of the CGST Act, 2017. Till now no …