AO is under an obligation to duly consider the explanation furnished by the assessee and assign reasons for rejecting the same – High Court In a recent judgment, Hon’ble High Court has held that Assessing Officer (AO) is under an obligation to duly consider the explanation furnished by …

CBIC issues SoP for clearance of imported goods through Foreign Post Offices under Postal Import Regulations, 2025.  Standard Operating Procedure (SOP) for clearance of imported goods through Foreign Post Offices under the Postal Import Regulations, 2025 – CBIC CIrcular No. 35/2016-Customs   CBIC developed the FPO Import Application …

Sale deed executed with full knowledge of only part consideration paid, cannot be rendered void or inoperative merely for non payment of full consideration In a recent judgment, Hon’ble Supreme Court has held that sale deed executed with full knowledge of only part consideration paid, cannot be rendered …

No fault in serving notice u/s 148 to last known address when assessee had not updated change of address in PAN data. In a recent judgment, ITAT has held that when assessee had not updated change of address in PAN data, there was no fault on the part …

Investment made by firm through capital introduced by partners cannot be treated as unexplained investment in the hands of the partnership firm. In a recent judgment, ITAT has held that investment made through capital introduced by the partners of the firm cannot be treated as unexplained investment in …

CBIC has issued GST Instruction No. 01/2026-GST dated 03 August 2026 to ensure coordination between the CGST Department and State Mining Authorities for sharing information relating to illegal mining and its transportation. The Instruction refers to the Draft Performance Audit Report of the Comptroller and Auditor General of …