Missing the ITR due date u/s 139(1) mandates the use of the new tax regime, as the option to choose the old regime or file Form 10−IEA is lost.
Construction was funded through borrowed money, and assessee sought to utilize the account funds to repay the debt. However, Department denied the request to close the account and release funds citing incomplete construction, use of borrowed funds, non-filing of returns for the relevant assessment years, and non-compliance with Section 54F conditions.
Bangalore ITAT in Suthakar Selvaraj vs. ITO deletes unexplained cash addition for a salaried employee, ruling that mere presumptions about cash withdrawal and re-deposit habits cannot be a basis for addition under the Income-tax Act when bank statements show sufficient withdrawals.
Bangalore ITAT cancelled a penalty u/s 271D on an 82-year-old for receiving Rs.10 lakh cash from a property sale, finding “reasonable cause” u/s 273B due to his bona fide belief and the transaction’s genuineness.
Effective Sept 22, 2025, GST on hotel rooms Rs.7,500 drops to 5% (without ITC), and beauty services to 5% (without ITC), compelling hotels to adjust pricing and ITC compliance.
ROC Chhattisgarh fines Bhilai Investments Ltd ₹2 lakh and directors ₹50,000 each for delayed filing of PAS-6 for Sep 2022 under Companies Act rules.
ROC Goa imposed a ₹6,00,000 penalty on Mega Structures Realestate Ltd. and its director for violating Section 197 by paying managerial remuneration over the prescribed limit without shareholder approval.
ROC Delhi adjudicated penalties, on a company and its officers for failing to disclose justification for reappointing a Managing Director over 70 years old.
Analysis of gold and silver price trends (Sept 2024–Sept 2025), noting silver’s 57% rise driven by industrial and safe-haven demand. Discusses factors and investment options.
Comparative analysis of Hindu (HSA, 2005 Amendment) and Muslim (Faraid) laws on inheritance, succession, and maintenance, detailing structural differences, judicial impacts, and practical implications.
