ITAT Delhi held that compliance with the statutory hierarchy under Section 151 is jurisdictional and non-negotiable. Any deviation renders the 148A(d) order, notice under Section 148, and subsequent ...

ITAT Delhi clarified that Section 153A is not meant to reassess completed years in absence of seized evidence. The ₹6.11 lakh addition was therefore held to be without ...

The RBI’s 2025 Governance Directions overhaul board structure, management roles, and oversight mechanisms to strengthen accountability and professionalism in ...

Delhi ITAT  set aside the order of CIT(A), NFAC sustaining addition of ₹50.45 lakh towards cash deposits and restored ...

The RBI has issued comprehensive directions governing how UCBs can undertake financial services beyond core banking. The framework tightens governance, eligibility, and risk controls across ...

The RBI has issued comprehensive directions governing digital banking channels for UCBs. The rules clarify eligibility, approval requirements, and customer protection norms, effective from January 1, ...

The Tribunal admitted a gift deed filed for the first time before it, noting that the donor was no longer alive. The ₹26.36 lakh addition was remanded for verification of the deed and surrounding ...

The Tribunal quashed the Assessing Officer’s action of taxing the entire purchase value after invoking Section 145(3). Only estimated profit embedded in such purchases, if higher than declared profit, ...

Income from property blended into an HUF remains taxable in the individual’s hands under section 64(2). The ruling highlights that blending cannot be used as a tool for income ...

The law recognises a Hindu Undivided Family as a creature of birth, not agreement, with the Karta deriving authority solely from coparcenary status. Management rights arise by operation of Hindu law ...

RBI has issued new Directions consolidating customer service and fair conduct norms for RRBs. The rules take effect immediately and aim to strengthen ethical banking practices. The key takeaway is ...

The issue involved denial of charitable registration citing delay and lack of evidence. The Tribunal ruled that the assessee deserved a final opportunity to substantiate activities before a fresh ...