Chennai ITAT: Agricultural Income Claim Restored for Fresh Opportunity
Chennai ITAT restored appeals on agricultural income exemption under Section 10(1), directing fresh adjudication after giving the assessee a reasonable opportunity.
Bangalore ITAT: Unregistered Educational Trust Assessed as AOP Entitled to Set-Off of Brought Forward Losses
SC Clarifies Christian Succession: Property in Wives’ Names Belongs to Them
SC Holds Registrar Can Amend Service Rules; Executive Communication Valid Under Statutory Authority
Article Highlights Possible Section 54F Computation Issue in AY 2026-27 ITR Utility Under Amended Section 112
Delhi ITAT Deletes Section 68 Addition on Opening Loan Balance, Cancels Penalty
Pune ITAT Remands Capital Gains and Section 54F Dispute for Fresh Verification
Madras HC Condones Delay in Form 10B Filing Despite CBDT Time Limit
Broadband Trial Run Income Before Commissioning Is Capital Receipt: Bombay HC
Delhi HC Upholds Cheque Bounce Conviction, Rejects Blank Security Cheque Defence
NCLAT Suspends IBBI Order Barring Resolution Professional From Other CIRP Assignments
IBC Moratorium Does Not Extinguish Directors’ NI Act Liability: P&H HC
HC Enhances Motor Accident Compensation by Excluding House Property Loss Set-Off
Advocates Should Be Summoned Only in Rare & Exceptional Circumstances: Delhi HC
Leased Machinery Imports: Customs Valuation, GST & Compliance
Gujarat HC Faults CESTAT for ‘Difficult to Decipher’ Remand Order in Customs Classification Dispute
CESTAT Sets Aside Confiscation of Exotic Birds for Lack of Smuggling Evidence
SAFEMA Tribunal Upholds ₹1.25 Crore PMLA Attachment in BMC ‘Khichdi’ Scam; Rejects Salary and Loan Defence
SAFEMA Tribunal upheld PMLA attachment in the alleged BMC Khichdi scam, rejecting salary and loan explanations for receipt of ₹1.25 crore.
SAFEMA Tribunal Upholds Benami Attachment of ₹65 Lakh Hawala Cash; Delayed Retraction Held an Afterthought
SAFEMA Tribunal upheld attachment of ₹65 lakh hawala cash under the Benami Act, holding the appellant's delayed retraction was an afterthought.
Kerala HC Upholds PMLA Summons Without Prior FIR; Income Tax Settlement Immunity No Bar
Kerala HC upheld ED's power to issue Section 50 PMLA summons without a prior FIR and held Income Tax settlement immunity does not bar…
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty &…
Adv Akruti Goyal, a practicing CA handling GST compliance from 2015-2021. Qualified as a lawyer in…
