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Archive: 01 September 2025

Posts in 01 September 2025

PM Modi’s Academic Info Is Personal, Not Public: Delhi HC

September 1, 2025 3396 Views 0 comment Print

The Delhi High Court has set aside a CIC order to disclose PM Modi’s BA degree details, ruling the information is personal and not subject to public interest disclosure.

ITAT Delhi Restores Ex-Parte Appeal – Delay Condoned as CIT(A) Sent Notices to Wrong E-Mail

September 1, 2025 378 Views 0 comment Print

The ITAT Delhi has restored an ex-parte appeal from Bhaane Studio, condoning a 385-day delay because the CIT(A) sent notices to a former employee’s email address.

No TOLA Shelter: ITAT Delhi Quashes 2015-16 Reopenings as Time-Barred

September 1, 2025 510 Views 0 comment Print

Delhi ITAT invalidates reassessment notices issued for AY 2015-16 after April 1, 2021. The ruling, based on Supreme Court and High Court precedents, confirms they are time-barred.

Search Assessments based on incriminating materials were valid as approved by JCIT

September 1, 2025 279 Views 0 comment Print

CIT(A) dismissed the appeals and upheld the assessments with the additions. It was held that search assessments were legally valid, JCIT had granted proper approval after due consideration, and the additions were based on incriminating material found during the search.

No 120(4)(b) Order, No Jurisdiction – Mere Mention Not Enough – ITAT Delhi

September 1, 2025 633 Views 0 comment Print

Delhi ITAT quashes an assessment order, ruling it void due to the absence of a valid jurisdictional order empowering the Additional CIT to act as an Assessing Officer.

F&O Turnover to be Computed as per ICAI Guidance, Not AO’s Method

September 1, 2025 2145 Views 0 comment Print

The ITAT Delhi has deleted a ₹25,000 penalty under Section 271A, ruling that F&O turnover for a trader should be calculated based on ICAI’s guidance, not the Assessing Officer’s method.

ITAT Limits 14A Disallowance to Exempt Income: Rule 8D Not Applicable for MAT

September 1, 2025 351 Views 0 comment Print

Delhi ITAT rules that disallowance of expenses under Section 14A cannot exceed the actual exempt dividend income, providing relief to KEI Industries.

CASH OR KILL: How One Brutal GST Rule 86B Can Destroy Your Business

September 1, 2025 10122 Views 4 comments Print

Learn how GST Rule 86B affects businesses with a monthly turnover over Rs.50 lakh. Understand the mandatory 1% cash payment and the risks of non-compliance.

Writ dismissed as status of co-op bank or society cannot be decided without impleading the entity

September 1, 2025 282 Views 0 comment Print

Madras High Court held that it cannot be decided that whether Virudhunagar District Central Cooperative Bank Limited is a Cooperative Bank or a Cooperative Society without the said institution is impleaded as party respondent. Hence, writ appeal dismissed.

File Your ITR Before 15th September and Avoid Financial Vighnas!!!

September 1, 2025 912 Views 0 comment Print

Summary: Taxpayers, particularly Individuals and HUFs not required to audit their accounts, must file their Income Tax Returns (ITR) by the extended deadline of 15th September 2025 to avoid penalties and loss of benefits. Essential documents for filing include PAN and Aadhaar details, bank statements, Form 16, receipts for deductions under Section 80, and Form […]

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