ITAT Nagpur held that once the computation of income is approved by the assessee before CIT(A) the same cannot be argued against the Tribunal. Accordingly, computation of income directed by CIT(A) upheld.
Tribunal found that the CIT(A) had dismissed the appeal without issuing a physical notice of hearing to the assessee, which constituted a breach of procedural fairness. In light of these findings, the ITAT determined that the matter required reconsideration and directed that the case be remanded back to the CIT(A) for a fresh adjudication.
Jharkhand HC stresses the duty of government agencies to protect judicial institutions, highlighting grave security lapses affecting High Court Judges’ safety.
ITAT Delhi held that revenue has wrongly proceeded on mis-appreciation of facts of substantive nature as purchase of property wrongly alleged by AO as sale of property. Thus, matter remanded back to the file of AO.
The Allahabad High Court quashed a stamp duty order against Ramvati Rathore, ruling the land was agricultural, and ordered a refund of the amount paid.
SEBI seeks public comments on a proposal to mandate regulated entities to maintain records of mandatory communications for up to eight years.
SEBI seeks feedback on proposals for improving the appointment process of Public Interest Directors (PIDs) on Market Infrastructure Institutions (MIIs) and easing their business operations.
The RBI launches a new scheme for trading and settlement of Sovereign Green Bonds in India IFSC, allowing foreign investors to participate with specific guidelines.
RBI extends Interest Equalization Scheme on Rupee Export Credit for MSME exporters until August 31, 2024, with a cap of ₹1.66 Crore per IEC.
Understand key aspects of advance tax, including compliance, payment due dates, revisions, and liabilities. Learn who is exempt from paying advance tax.
