It was held that a proposed object-clause amendment cannot justify outright rejection of 80G renewal. What matters is actual application of funds, not a removable clause in the trust ...

The 2026 FEMA Regulations replace the fragmented 2015 framework with a single, consolidated regime for goods and services. The key takeaway is simplified compliance and stronger monitoring of foreign ...

The UK overhauled crypto promotion laws after widespread misleading ads. Only FCA-approved firms can now market ...

The post-2021 regime makes limitation a jurisdictional threshold, not a curable defect. Notices issued beyond time are void regardless of merits, reinforcing finality in ...

The Tribunal held that additions in a search assessment cannot survive without incriminating material. Mere repetition of an annulled earlier assessment was found legally ...

Holding in favour of the assessee, the Tribunal clarified that explained capital supported by documentary proof cannot be treated as unexplained ...

Whether outstanding purchase consideration can be treated as unexplained money. Addition quashed. Takeaway: Deferred payments later settled via banks with TDS cannot be taxed on ...

The issue was whether entire brokerage receipts credited to a bank account could be taxed as income. The Tribunal held that ...

The ruling clarifies that Rule 46A is not breached when additional evidence is remanded but the Assessing Officer fails to respond. Relief granted by the CIT(A) in such cases remains ...

The Tribunal quashed reassessment proceedings after finding that the Assessing Officer already possessed complete information before issuing notice under section ...

The ITAT held that gross bank credits cannot be treated as unexplained income where evidence shows the assessee merely facilitated transactions for a third party. Only a reasonable commission was ...

The Tribunal held that when an eligible assessee fails to file objections before the DRP within time, a direct appeal to the Tribunal is barred. Non-compliance with section 144C renders the appeal ...