ITAT restored the application for approval u/s 80G observing that CIT(E) did not discuss the objects and activities carried-out by the trust In a recent judgment, ITAT Hyderabad observing that CIT(E) did not discuss the objects and activities carried-out by the trust which showed that he dismissed the …

After a full and final discharge, if claim to arbitration is sustainable or not is clearly within the domain of the arbitral tribunal.  In a recent judgment, Hon’ble Supreme Court has held that notwithstanding receipt against the claim by the insured after giving a full and final discharge …

CBIC issues instruction on non/partial production of records/information for C&AG Audit CBIC has issued Instruction No. 05/2025-GST dated 02.05.2025 to ensure timely production of records/information for C&AG audit. C&AG in its Audit Report – Indirect Taxes – GST (Report No. 7 of 2024) has stated the fact of …

In an accident chain, the liability under MV Act would pass on to the vehicle which was the root cause of the accident – Supreme Court  In a recent judgment, Hon’ble Supreme Court has held that if an insured vehicle hits another vehicle which in turn hits a …

CBDT notified ITR-2 PDF Format for AY 2025-26 CBDT has notified ITR-2 PDF Format for AY 2025-26. The major changes made in ITR-2 for AY 2025-26 as compared to ITR-2 for AY 2024-25 are as under: 1. Schedule-Capital Gain split for gains before/ after 23.07.2024 (post changes in …

Benefit of doubt needs to go in favour of assessee when tested on the touchstone of preponderance of probabilities, the explanation offered appears fairly reasonable.   In a recent judgment, ITAT Delhi deleted addition under section 69A and held that benefit of doubt needs to go in favour of …