SC ruled that providing a Form 15CB certificate is a tax-compliance function, not a criminal act. Without proof of knowing assistance, CAs cannot be dragged into PMLA proceedings.
The Tribunal set aside a service tax demand against a mandap keeper, ruling that a photocopied invoice and presumptions cannot justify tax liability.
The Allahabad High Court refused bail to an accused in a cyber fraud case involving fake GST registrations, citing strong evidence and the rising threat of digital crimes.
A practical guide showing how retirees can secure steady income and safety through balanced, government-backed investments.
The Bombay High Court held that communication of an ITAT order to a Chartered Accountant does not constitute service on the assessee, condoning a 40-day delay in filing appeal.
The ITAT held that approvals granted under Section 153D without genuine application of mind are invalid, quashing multiple assessment orders. Key takeaway: mechanical or blanket approvals violate procedural requirements and render assessments null.
The Tribunal held that investment in agricultural land in a spouse’s name qualifies for deduction under Section 54B, following Rajasthan High Court precedent.
Section 194P provides tax deduction relief for senior citizens aged 75 years or more having only pension and interest income. Specified banks compute income, deduct tax, and exempt them from filing income tax returns.
ITAT Chennai ruled that an assessment order issued without a Document Identification Number violates CBDT Circular No. 19/2019 and is invalid. Tribunal held that non-compliance with circular’s mandate cannot be cured by later communication of DIN. Orders lacking DIN are deemed never to have been issued.
The Supreme Court reaffirmed that counter claims cannot be filed against co-defendants under Order 8 Rule 6A CPC. The ruling dismisses a misconceived and time-barred claim, restoring procedural discipline.
