Not only did Binance, within a relatively short period of time, become the world’s largest cryptocurrency exchange by volume. The platform has also successfully maintained this status, even as competition in this fast-growing market continues to heat up.
The Jammu & Kashmir High Court has stayed a tax recovery order against an assessee, directing the matter back to the Commissioner of Income Tax for a fresh review.
NCLAT Delhi dismisses appeal, ruling that an insolvency process withdrawn under a settlement can be revived if the corporate debtor defaults on the agreed-upon terms.
Tribunal directs fresh examination of alleged bogus outward expenses in transport business for AY 2014-15, citing careful analysis by CIT(A).
Chhattisgarh High Court has refused to quash an FIR against a man accused of extorting ₹1.01 lakh via Google Pay, stating that evidence points to his involvement.
The Delhi High Court has directed customs authorities to release five iPhones seized from a traveler after no show cause notice or order was issued for over a year.
The Income Tax Appellate Tribunal (ITAT) Kolkata dismisses the revenue appeal against Uniglobal Papers Pvt. Ltd affirming that additions to a completed assessment cannot be made without incriminating evidence found during a search. The decision relies on the Supreme Court precedent in CIT v. Abhiser Buildwell (P) Ltd.
The ITAT Mumbai has ruled that a reassessment notice issued beyond three years is invalid if it is not sanctioned by the correct senior authority, quashing the proceedings.
The Income Tax Appellate Tribunal (ITAT) in Mumbai dismissed an appeal by the Income Tax Department against an assessee, upholding the deletion of an addition of over Rs. 4.24 crore.
The Reserve Bank of India mandates all banks to use the Centralised Information Management System (CIMS) for monthly reporting of Internet and Mobile Banking data.
