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 …

Assessee is eligible for claiming deduction under Chapter VIA under Section 80IE of the Income Tax Act 1961 on the increased income. In a recent judgment, ITAT has held that assessee is eligible for deduction under Chapter VIA under Section 80IE of the Act on the increased income …

Assessee could not be faulted for showing only cash in hand and bank balance as capital following presumptive taxation when there was no mandate to provide particular set of information in ITR In a recent judgment, ITAT has held that when assesse had taken a recourse to filing …

Sale of flats in a real estate project held capital gains as intention of the assesee was to hold that land to construct the flats, and lease them out. In a recent judgment, Hon’ble High Court has upheld that sale of apartments in a real estate project was …

Merely because interest liability was recognised by journal entries at the close of the year, it does not make expenditure fictitious or non-genuine. In a recent judgment, ITAT has held that merely because the interest liability has been recognised through journal entries at the close of the accounting …

Addition for cash deposits in bank account which were immediately transferred to other accounts deleted in absence any enquiry by AO In a recent judgment, ITAT deleted the addition towards cash deposits in bank account of the assessee during demonetisation window which were immediately transferred to other accounts …