Raj Krishan Gupta Vs ACIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, partly allowed the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2015-16. The appeal involved denial of deduction under Sections 54/54F, addition under Section 56(2)(vii), and disallowance of indexed cost of acquisition. The assessee […]
The ITAT held that relying on tally data and a forensic report without providing them to the assessee violated principles of natural justice. The matter was remanded to the Assessing Officer while retaining the commission rate at 0.15%.
The MCA has introduced temporary relief measures extending name reservation validity and e-form resubmission deadlines affected by the 05.06.2026 fire incident. Relief for previously expired cases is available through the MCA Helpdesk, subject to verification.
The article explains how different interpretations of Section 112 may produce either nil tax or a positive tax liability for the same transaction. It notes that the issue remains open pending clarification or judicial determination.
The Court held that maintenance charges for common amenities, facilities, and services cannot be based on apartment size when all owners enjoy them equally. The impugned resolution and related invoices were declared void.
Learn how the increased Rs. 1.25 lakh exemption and 12.5% LTCG tax rate apply to listed shares and equity mutual funds. The guide explains tax calculation, exemptions, and planning strategies for investors.
MCA has allowed companies to file Form DPT-3 for FY 2025-26 without additional fees until 31 July 2026 due to disruptions caused by the June 2026 data center fire.
The Income Tax Department explains how the e-Verification Scheme addresses mismatches between reported financial transactions and income tax returns through online verification and Section 133(6) notices. It also highlights taxpayers options to submit explanations or file updated returns to avoid further assessment proceedings
ICAI declared the CA Final May 2026 examination results, with 7,931 candidates qualifying as Chartered Accountants. The announcement also included pass percentages and the All India rank holders.
ICAI clarified that the alleged security breach involved only an examiner training portal and did not affect examination records, marks, or answer books. Stakeholders have been advised to rely only on official ICAI communications.
