Madras High Court held that denial of benefit of Notification No. 153/93-Cus dated 13.08.1993 to Software Technology Park on imports undertaken prior to CMDA approval not justified as substantial requirement of notification satisfied.
SEBI permits intermediaries to use NPCI’s e-KYC Setu System for Aadhaar-based digital KYC, adding to existing UIDAI and Digilocker options.
Interest rates for Small Savings Schemes remain unchanged for July–Sept 2025 quarter, as per SB Order No. 09/2025 from the Department of Posts.
Explore bond ladder strategies for resilient portfolios in India, managing interest rate risk and ensuring steady income with government and corporate bonds, influenced by RBI policies.
Mumbai ITAT set aside an income addition for property purchase, citing non-service of notices. The Tribunal accepted documented evidence of property funds from the assessee’s son, husband, and bank loan.
ITAT Bangalore ruled cash and gold found during a search, unrecorded in books and undisclosed in the original return, are taxable as undisclosed income under Section 115BBE.
ITAT Delhi set aside a reassessment where the AO failed to dispose of assessee objections before completing the assessment, citing a violation of mandatory procedure.
Delhi ITAT voids reassessments for Arpit Goel (AY 2009-12) due to undated reopening reasons and lack of mandatory Section 151 sanction, deeming orders void ab initio.
Chennai ITAT ruled a time gap between cash withdrawals and deposits doesn’t justify income addition under Section 69. Assessee proved source from prior withdrawals, overturning unexplained income assessment.
Tax professionals express concerns to the Finance Minister regarding the CBDT’s delayed release of ITR forms for AY 2025-26, impacting citizens, businesses, and audit timelines.
