ITAT Jaipur deletes an income addition based on a Form 26AS mismatch, ruling that entries from a wrong PAN were rectified and that form is not irrefutable proof of income.
ITAT Cochin dismissed a taxpayer’s appeal against an addition for unexplained house construction costs, stating DVO’s valuation must be challenged separately.
The ITAT Cochin has ruled that cash payments to the Kerala Electricity Board are not subject to disallowance under Section 40A(3), as the board is considered a government entity.
ITAT Cochin has sent a Rs. 5.56 crore demonetization cash deposit case back to the CIT(A) for re-adjudication, citing a lack of verification on sales and stock.
Madras High Court invalidates GST Notification No. 56/2023 impacting limitation periods. The court relied on a prior judgment and a Supreme Court order.
RBI permits non-resident Vostro account holders to invest surplus rupee funds in Central Government Securities, aiming to boost international trade settlements.
IFSCA has issued a circular detailing a new regulatory framework for Global Access Providers, outlining rules for market access, investor protection, and compliance.
