DOP internet banking users can now download Post Office Savings Bank interest certificates for current and previous financial years online via the portal.
Supreme Court rules tax assessing officers not required to entertain new deduction claims made via letter without a revised return.
Letter to CBIC alleges Delhi CGST offices misuse Section 74 (fraud) for all SCNs. RTI data shows 100% use, causing taxpayer distress and business harm.
Delhi High Court held that the authorities are legally obligated to conclude the adjudication with due expedition, thus an inordinate and unexplained delay on behalf of the authorities would constitute sufficient grounds to quash the proceedings. Accordingly, petition allowed.
ITAT Hyderabad held that reopening of assessment under section 147 of the Income Tax Act on the basis of invalid reasons recorded by AO cannot be sustained in law. Accordingly, notice issued u/s. 148 and final assessment order is quashed.
ITAT Delhi held that addition made under section 153A of the Income Tax Act are bad-in-law in absence of any incriminating material found during the course of search. Accordingly, assessment order quashed.
Bombay High Court allows taxpayer’s Vivad Se Vishwas scheme application, ruling disputed interest is covered and appeal was ‘pending’ despite delay.
SEBI seeks public comments on a separate delisting route for PSUs with 90% promoter holding, proposing relaxed norms and fixed price exits for shareholders.
CCI dismisses complaint against J&K Bank over alleged anti-competitive agreements and tie-in services, finding no prima facie violation of competition law.
CCI finds no evidence of cartelisation or bid rigging by two firms in supplying Motor Suspension Units to Indian Railways after examining tender data. Case closed.
