Every provision invoked casts a different sort of onus on the assessee – ITAT deleted addition u/s 69 towards bogus purchases – ITAT In a recent judgment, ITAT Delhi has held that every provision invoked casts a different sort of onus on the assessee and assertion that merely …
Liability under the Motor Vehicles Act can’t be decided on the grounds of sympathy alone but must be established by credible evidence – SC In a recent judgment, Hon’ble Supreme Court has stated that the principles of law cannot be set aside on the grounds of sympathy alone. …
ICAI notifies Dates of CA Foundation, Intermediate and Final Exams May 2026 The Institute of Chartered Accountants of India has announced the dates of next Chartered Accountants Foundation, Intermediate and Final Examinations to be held in May 2026 Dates of CA Exams May 2026 Schedule FOUNDATION COURSE EXAMINATION …
Interest under section 234A cannot be levied on self-assessment tax paid before the due date of filing of return of income. In a recent judgment, Chennai ITAT has held that once the self assessment tax has been fully paid before the due date for filing return, no interest …
SEBI defers timeline for implementation of Phase III of Nomination SEBI had issued a circular on “Revise and Revamp Nomination Facilities in the Indian Securities Market” on January 10, 2025. Pursuant to the representations received from various stakeholders, SEBI had decided to implement the circular in three (3) …
RBI revises directions on opening & Maintenance of Cash Credit accounts, Current Accounts and Overdraft Accounts by all Banks Reserve Bank of India had, on October 1 2025, issued seven draft Directions on Transaction Accounts seeking feedback from stakeholders. The draft directions were aimed primarily at rationalising the …
