ITAT Ahmedabad held that addition, treating share application money as unexplained income, based on surmises and conjectures without making proper verification of facts with relevant materials and evidences is not sustainable in law.
The EC clarifies that duplicate EPIC numbers do not indicate fake voters and will ensure unique EPIC numbers for registered electors via ERONET 2.0.
Learn key tax rulings on Section 54/54F exemptions for property sales, including land size, appurtenant land, property use, and agricultural land considerations.
IFSCA clarifies SGF contributions by Clearing Corporations in IFSC under amended MII Regulations, 2021. Includes net worth calculation and interest accrual.
RBI penalizes Bridge Fintech Solutions (Finzy) ₹10 lakh for violating NBFC-P2P norms, citing loan disbursement issues, risk-taking, and compliance failures.
IFSCA revises fee structure for ITFS operators in IFSC, effective April 1, 2025, with charges based on transaction turnover.
