ITAT Jaipur deleted Section 271AAB penalty, holding undisclosed income was not established and the show cause notice lacked specific charges.
ITAT Delhi quashed the Section 153C assessment, holding the satisfaction was invalid and seized material did not establish jurisdiction.
ITAT Chandigarh allowed Section 10(10B) exemption on the second BSNL VRS instalment, holding it was retrenchment compensation.
ITAT Pune allowed Section 80P deduction on bank deposits, RBI securities, enhanced business income and lending to nominal members.
ITAT Agra quashed the Section 147 reassessment, holding the amount alleged to have escaped assessment was already included in the assessee’s sale proceeds.
ITAT Cuttack dismissed the appeal after noting the assessee’s authorised representative appeared virtually without the prescribed uniform under the SOP.
ITAT Mumbai deleted the bogus purchase addition and upheld deletion of the Section 69A gold addition after finding the purchases genuine and the gold recorded in books.
SEBI amends FVCI Regulations, 2000 by revising fee amounts, payment timelines and designated depository participant remittance requirements, effective after 180 days.
SEBI allows mutual funds to avail intraday borrowings for specified purposes, subject to conditions, effective from September 1, 2026.
Madras HC set aside a GST order passed against a deceased person and remanded the matter for fresh consideration after legal heir’s reply.
