The Gujarat High Court held that information seized from a third party without a direct nexus to the petitioners cannot ...

VSV Opt-Out Revives Appeal: Deemed Withdrawal Under VSV Not Fatal – Additional Evidence Ignored: Tribunal Remands Case for De Novo Disposal Assessee filed returns declaring income of Rs.27,46,700. AO ...

Explains how Section 87A rebate applies only below fixed income limits, while the standard deduction continues to reduce ...

Appeal challenging non-disclosure of pay, allowances, and travel guidelines was dismissed, as the information was already ...

RBI introduces updated Directions for Payments Banks, effective immediately, to enhance regulatory oversight and safeguard public interest. The framework clarifies applicability and reinforces ...

RBI’s 2025 Directions consolidate customer service and conduct norms for Payments Banks. The key takeaway is a unified framework promoting fairness and enhanced customer ...

Delhi High Court held that successive Bail Application filed with no change in circumstances is liable to be dismissed. Further, bail application is dismissed since applicant has already been declared ...

Bombay High Court quashed and set aside Form SVLDRS 3 demanding amount under arrears category and directed department to determine the correct amount considering the declaration filed under Litigation ...

The tax authority’s assessment and penalty were set aside as the assessee was not given a fair opportunity to submit documents or Rule 46A application. The court emphasized adherence to natural ...

ITAT Chennai held that since there was sufficient own funds to make investment/advances to its subsidiary, the interest disallowance under section 36(1)(iii) was not warranted. Accordingly, AO ...

The RBI has introduced comprehensive KYC Directions for payments banks to enhance AML and CFT compliance. The guidelines align operations with FATF standards and mandate stricter customer ...

ITAT Hyderabad rules that gross sale proceeds of capital assets cannot be treated as taxable income without allowing cost of acquisition. Tribunal orders reassessment to compute correct capital gains, ...