The Tribunal dismissed the rectification plea after holding that no mistake apparent on record was shown. It ruled that the ...

A detailed consultation has been launched to gather suggestions on improving rules governing foreign university campuses in ...

The Court held that exclusion clause 5 could not justify repudiation of the boiler explosion claim. The insurer cannot rely on post-accident discovery of latent defects to deny a valid claim under a ...

The Tribunal held that section 115JB is not applicable to banks constituted as ‘corresponding new banks’ under the Banking Companies Act. As a result, the penalty under section 271(1)(c) for ...

A postmaster who misappropriated public money was removed despite later repaying the amounts. The High Court’s order reinstating him was overturned for exceeding the scope of judicial review. The ...

The Tribunal held that reopening notices and assessment orders under section 148 issued in the PAN of a deceased person are invalid. The ruling reinforces that reassessment proceedings require notices ...

The Tribunal held that once sales are accepted in audited books, they cannot be reclassified as unexplained cash credits. The addition of ₹41.74 lakh was struck down as it caused double ...

The Tribunal held that substantial bank deposits without filing a return provided adequate basis to reopen under section 147. Notice-service objections failed due to section 292BB, and the quantum ...

The Tribunal held that the CIT(A) erred in dismissing the appeal solely for non-payment of advance tax without first seeking clarification from the assessee. Since the assessee acted under a bona fide ...

The Supreme Court applied the dominant-purpose principle and concluded that an established company buying specialized process-automation software cannot claim it was for personal or self-employment ...

ITAT Raipur set aside an ex-parte appellate order where the CIT(A) dismissed the appeal solely for non-prosecution. The matter was restored for fresh adjudication to ensure principles of natural ...

ITAT allowed assessee’s appeal against Section 68 addition, stressing that AO must evaluate annual business activity, stock, and legitimate cash sales. This decision safeguards traders during ...