The Tribunal ruled that a bona fide technical mistake in selecting the wrong section code while applying for registration ...

The Tribunal confirmed the addition of ₹19.27 lakh under Section 69A after finding that the assessee failed to produce ...

Courts have held that reassessment proceedings must be based on the reasons recorded before issuing notice under Section 148. If no addition is made on the issue forming the basis of reopening, the ...

The Central Government, in the Union Budget 2026, has proposed an important amendment concerning employee welfare funds. The objective of this change is to rationalize the provisions relating to the ...

The UAE isn’t a place where you can simply launch a token or crypto platform overnight and operate freely. If anything, the opposite is true. The country has built one of the more structured ...

CESTAT Bangalore held that revocation of a Customs Broker license is a harsh penalty that requires clear proof of involvement in fraud. In the absence of such evidence, the tribunal set aside the ...

ITAT Delhi held that a trust registered under Section 10(23C)(iv) was required to file Form 10BB instead of Form 10B. The Tribunal restored exemption after finding that denial by CPC under Section 143 ...

This article explains the five most frequent issues arising in modern income tax assessments, including unexplained cash deposits, Section 68 credits, data mismatches, cash transaction penalties, and ...

The Income Tax Department conducted a nationwide verification exercise targeting tax evasion patterns in the Food and Beverage (F&B) sector. An investigation carried out in November 2025 revealed that ...

ITAT Panaji refused to condone an 803-day delay in filing appeals against TDS default orders. The Tribunal held that the appellant failed to provide a credible explanation and therefore dismissed the ...

RBI reported that 98.44% of ₹2000 banknotes in circulation have been returned since the withdrawal announcement in May 2023. However, ₹2000 notes continue to remain legal ...

The Court refused to review its earlier ruling that retrospective GST cancellation was invalid due to lack of reasons in the show cause notice and absence of prior notice to the ...