Petitioner was not disqualified in tender for submitting EMD by way of Fixed Deposit in place of Demand Draft – SC  In a recent judgment, the Hon’ble Supreme Court has held that Petitioner was not disqualified in tender for submitting EMD by way of Fixed Deposit in place …

State Bank of India in its General Meeting of the Shareholders elected four Directors to the Central Board. The meeting was held in terms of Regulation 40(4) of the State Bank of India General Regulations, 1955. As the number of valid nominations was 7 against the 4 notified …

Voluntary declaration of additional income by increasing WIP was not proper, as assessee will take the additional benefit in the subsequent year – ITAT In a recent judgment, ITAT has held that voluntary declaration/surrender of additional income by the assessee during the survey should not have been made …

Cash payment for purchase of land or property cannot be treated as violation of provisions of section 269SS or 269T of the Income Tax Act – ITAT In a recent judgment, ITAT has held that cash is the legal tender for purchase of land or property when the …

Income Tax Department has released Excel Utility for e-filing ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5for AY 2026-27 and Common Offline Utility for ITR-1 to 4 Excel utilities of ITR-1 and ITR-4 are now available at e-filing portal. Rest of the ITR Forms can be expected shortly. It may …

Amount of money received as Mediclaim not deductible from an award passed by MACT under the head of medical expenses. Amount of money received as Mediclaim under Mediclaim policy is not deductible from an award passed by Motor Accidents Claims Tribunal (the MACT) which may also include compensation …