High Courts held that undervaluation disputes must be examined through assessment proceedings under Sections 73 or 74. Detention during transit is not justified if proper documents accompany the ...

The ITAT Ahmedabad cancelled the penalty under Section 271(1)(c) after setting aside the assessment for fresh adjudication, holding that penalty based on the original order cannot survive once the ...

The central bank repealed the 2025 Directions governing dividend payouts by Local Area Banks. However, it clarified that investigations, penalties, and obligations arising under the repealed ...

The Tribunal held that approval granted under Section 153D without application of mind was invalid. As a result, search ...

PFRDA has introduced a revised IMF framework for pension funds effective 1 April 2026, maintaining separate slab-based rates ...

The new RBI Directions introduce prudential norms restricting dividend payouts by Local Area Banks based on capital adequacy and adjusted profits to protect financial ...

The court analysed whether the reason account blocked falls within the scope of Section 138 of the Negotiable Instruments Act. It held that the provision applies only when dishonour is linked to ...

The Tribunal held that when an adjustment made in the CPC intimation is subsequently deleted in appeal, the scrutiny assessment relying on that adjustment cannot continue. The income was therefore ...

The case addressed whether tax authorities can issue notices for multiple years based on one satisfaction note. The tribunal ruled that each assessment year requires an independent satisfaction ...

The tribunal considered whether inconsistent explanations alone justify treating cash deposits as unexplained income. It held that suspicion cannot replace evidence and additions require proper ...

The tribunal considered whether CPC could rely solely on the original tax audit report to make an adjustment. It held that corrections through revised reports and financial records must be examined ...