Bombay HC upheld ITAT’s order quashing Section 263 revision, holding the assessment was completed after proper enquiry and a possible view was taken.
NCLT Mumbai admitted a Section 7 IBC application against a corporate guarantor after finding financial debt, default above the statutory threshold and a validly invoked guarantee.
An overview of insurance fraud, fraud types, detection measures, insurer initiatives and the IRDA-suggested Fraud Monitoring Framework.
Finance Act, 2026 amends Section 15(3)(b), revising GST treatment of post-supply discounts alongside key CBIC circulars on credit notes and ITC.
FEMA Compounding Rules, 2024, RBI Directions and April 2025 amendments revise compounding, digital filing, jurisdictional limits and compliance procedures.
Section 63 of the Income-tax Act, 2025 prescribes tax audit thresholds for businesses and professionals and replaces Section 44AB from 1 April 2026.
Chennai ITAT upheld denial of Section 80P deduction where the return was filed only in response to a Section 148 notice and not under Section 139(1).
Supreme Court held the probate application was within limitation, set aside its rejection under Order VII Rule 11 CPC, and restored the matter to the Civil Court.
ITAT Chennai remanded additions under Sections 56(2)(x)(b) and 69 to the AO, directing fresh examination and DVO reference request consideration.
ITAT Bangalore remanded verification of a real estate developer’s provision, directing examination of whether it represents expected losses or accrued expenses.
