Central Bank of India Concurrent audit online empanelment for financial year 2026-27. Last Date for filing Online Applications is 15.03.2026 Central Bank of India Concurrent audit online empanelment 2026-27 Central Bank of India invites online applications from practicing CA Firms and Ex-Staff for assigning concurrent audit of its …

Income tax Department carries out nation-wide verification exercise on Restaurants suppressing turnover As per Press Release issued by CBDT, Income tax Department carried out investigation relating to tax evasion pattern in Food & Beverage sector in November 2025. During the exercise, it was found that several restaurants were …

Merely because loan creditor existed in the premises wherein accommodation entry providers had their offices, AO cannot come to the conclusion that loan creditor was also an accommodation entry provider. In a recent judgment, ITAT Delhi has held that merely because loan creditor was existed in the premises …

CBDT amends Income Tax Rules 114F 114G and 114H related to reporting financial institutions and their obligations CBDT has by notification no. 19/2026 dated 05.03.2026 notified Income-tax _________ (Amendment) Rules, 2026 amending Rule 114F, Rule 114G and Rule 114H of Income Tax Rules, 1962. A Reporting Financial Institution …

AO stating that material forming basis of reopening shall be disclosed at the stage of assessment/re-assessment, indicates that the AO had prejudged the issue. In a recent judgment, Hon’ble High Court has set aside order u/s 148A(d) holding that non making available material forming basis of initiation of …

Reopening conclusion that assessee was “Non-Filer” despite assessee clearly stating in reply that he had filed ITR was non-application of mind – High Court In a recent judgment, Hon’ble High Court set aside reopening notice holding that conclusion arrived by the Assessing Officer that the assessee was a …