Kerala High Court held that Bank is not required to deduct TDS on interest paid to senior citizen who has provided Form 15H. Accordingly, Bank cannot be considered as assessee in default for ...
Karnataka High Court held that rejects arbitral award since the HDFC Bank's claim was barred by limitation. Also held that failure of the Arbitral Tribunal to reject the claim on the said ground, is ...
The central bank has notified updated KYC Directions to strengthen AML and CFT compliance. The rules apply uniformly to all Urban Co-operative Banks with immediate ...
ITAT Delhi Upholds Estimated Disallowance for Inadequate Evidence, Arbitrary Addition reduced to 50%
The Tribunal held that while arbitrary disallowances are not sustainable, inadequate substantiation justifies estimation.
The Tribunal struck down reopening where reasons conflicted and rested solely on AIR cash-deposit data. The key takeaway is ...
The Tribunal partly allowed the Revenue’s appeal by holding that interest incurred on borrowings used for project development must be capitalised. Absence of evidence showing alternative use of funds ...
ITAT Visakhapatnam held that unexplained cash credit under Section 68 must be netted off against business income to prevent double addition. The ruling ensures accurate assessment and fair ...
ITAT Bangalore rules that Section 80P deductions cannot be claimed if the return is filed after the due date. The decision reinforces compliance with Section 80AC(ii) and aligns with Madras HC ...
Refunds for AY 2025–26 are being withheld after system-based risk checks detected discrepancies. Taxpayers are advised to review claims and file revised returns to unblock ...
The court held that valid registration under income-tax law is a relevant factor under FCRA and cannot be ignored. Failure to consider it violated Section 52, which makes FCRA supplementary to other ...
A long-standing lapse in APR filings blocked remittances and triggered litigation. The case shows how systematic reconstruction and regulatory diligence can restore ...
ITAT Bangalore ruled that interest earned by a cooperative society from bank deposits is attributable to its core business and eligible for deduction under Section 80P(2)(a)(i), reversing the denial ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback