ITAT Raipur held that addition of commission @1% on bogus sales transacted upheld as no plausible explanation provided by the assessee. Accordingly, appeal dismissed and order of CIT(A) upheld.
ITAT Pune held that delay of 02 seconds in filing income tax return [ITR] is to be condoned and return is to be treated as filed in time as delay was caused due to technical glitch and last hour rush in website. Accordingly, claim of carry forward business loss allowed.
SEBI proposes amendments to InvIT and REIT Regulations to enhance ease of doing business, including clearer ‘public’ definitions and aligned reporting timelines.
UIDAI revises Aadhaar enrolment and update regulations, including handling duplicate Aadhaar numbers and updating acceptable document lists for various applicant groups.
Nagpur Bench of Bombay HC observes wives misusing Section 498A IPC to settle personal scores against husbands’ families in matrimonial disputes.
Understand SEBI’s SAST and Delisting Regulations for acquiring listed companies. Learn about mandatory, creeping, and voluntary open offers, delisting restrictions, and key timelines.
Tax deductions for interest paid on loans play a significant role in personal tax planning, offering relief by reducing taxable income. Taxpayers can claim deductions on the interest paid on home loans and education loans, helping to lower overall tax liability.
The J&K&L High Court affirmed the deportation order for a Pakistani couple residing in Srinagar since 1988, citing voluntary acquisition of foreign citizenship.
Learn why your IGST refund may be on hold due to a ‘Risky Exporter’ alert from DGARM. Understand the process to resolve the alert and secure your pending refunds.
India mandates Common Contract Note with Single VWAP from June 27, 2025, simplifying post-trade reporting and reducing compliance burden for market participants.
