Kerala HC dismisses co-op bank appeals, affirming Income Tax Officer (Intelligence)’s authority to seek information under Section 133(6) before 2014 CBDT notification.
CBIC sets up interim boards for settlement across Delhi, Kolkata, Mumbai, and Chennai, appointing principal chief commissioners and chief commissioners as members.
Madhya Pradesh HC upholds CIT’s Section 263 revision citing lack of enquiry by AO. Tribunal ruling supported by Supreme Court precedents.
SEBI launches official X (formerly Twitter) handle @SEBI_updates for sharing press releases, circulars, and notifications. Active from April 4, 2025.
ITAT Ahmedabad cancels penalty on I-Serve Systems as disallowance was based on estimation without proof of concealment or inaccurate income details.
Delhi High Court held that application of funds by Indian Broadcasting Foundation in BARC doesn’t qualify as deployment was not intended to yield income/profit hence denial of exemption u/s. 11 and 12 of the Income Tax Act not justified.
Understand SME IPOs in India: eligibility, listing platforms (BSE SME, NSE Emerge), process, and benefits for small and medium enterprises.
India’s new aviation law simplifies aircraft repossession for international lessors, complying with Cape Town Convention and aiming to lower leasing costs.
ITAT Delhi held that once the books of accounts are rejected, it doesn’t warrant any adhoc addition. Thus, CIT(A) rightly restricted GP @ 1% instead of 1.5% as estimated by AO. Appeal dismissed, accordingly.
CESTAT Delhi held that duty demand on Student Almanac and teacher planner is uphold, however, extended period of limitation is not invocable since there was no evidence of intention to evade payment of duty and suppression of facts.
