Jurisdictional Principal Commissioner of Income-tax or Commissioner of Income-tax to condone delay in filing Form No. 10A for Registration u/s 12A- CBDT CBDT has clarified the power to condone delay in filing Form No. 10A under sub-clause (1) clause (ac) of sub-section (1) of section 12A of the …

AO was not justified in making addition by adopting method of extrapolation without bringing any material evidence in support – ITAT In a recent judgment, ITAT Delhi has held that AO was not justified in making addition by adopting the method of extrapolation without bringing any material evidence …

Court can not sit over comparative financial attractiveness of rival offers or to substitute its own view for the decision taken by the CoC in IBC In a recent judgment, Hon’ble Supreme Court has held that it cannot be called upon to sit over the comparative financial attractiveness …

When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act for non -payment of the demand. In a recent judgment, Allahabad ITAT has held that when the quantum appeal stands restored to the file of the AO and …

Even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed – ITAT In a recent judgment, ITAT Guwahati has held that even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed. ABCAUS Case Law Citation:5076 (2026) …

Order to stock broker through WhatsApp may be considered as legally verifiable record – SEBI SEBI in an informal guidance has stated that order to stock broker through WhatsApp from the registered mobile number of the clients may be considered as legally verifiable record. SEBI had issued circular …