Orders issued under Sections 147A(d) and 148 were quashed as arbitrary, and the delayed SLP challenging them was dismissed, finalizing the invalidation of reassessment proceedings.
The Bombay High Court held the reassessment and associated notices illegal and arbitrary, setting aside orders under Sections 147A(d) and 148.
ITAT Hyderabad condoned a 292-day delay in filing an appeal due to the assessee’s age, dependence, and overseas travel. The case is remanded for fresh adjudication of capital gains, ensuring fair opportunity and justice.
ICSI has uploaded e-admit cards for December 2025 CS Executive and Professional exams. Students must download and verify details before the exam dates, 22–29 December 2025.
ICAI’s Code of Ethics amendments now allow advertising, website promotion, and enhanced visibility, enabling domestic CA firms to compete confidently on a global scale.
Entities providing TechFin or Ancillary Services from IFSC must obtain a Certificate of Registration under TAS Regulations, 2025, before starting operations.
ICAI will honour CA Final Examination rank holders from September 2025 along with new members during its December Convocation. Detailed programme information available on ICAI website.
The Tribunal found that once additional evidence is admitted and remand is called for, the Assessing Officer must be given an effective opportunity to respond. Deciding the appeal without waiting for the remand report was held to be legally unsustainable.
The regulator upheld the merger of Scheme A with larger asset classes citing its small corpus and concentration risk. The move improves diversification, stability, and long-term retirement outcomes for subscribers.
ITAT Pune ruled that the Maharashtra PSI-2007 subsidy of ₹37.85 crore is a capital receipt. The order reversed CIT(A) and AO’s revenue treatment, protecting the assessee from taxation.
