The issue was whether an assessment could survive when the scrutiny notice was not issued in the CBDT-prescribed e-format.
The AO treated loan substitution via group restructuring as an accommodation entry. ITAT ruled that repayment by a holding company backed by bank trails and confirmations cannot be taxed as ...
A Bengaluru fruit dealer successfully challenged a tax notice for unexplained cash credit. The Income Tax Appellate Tribunal (ITAT) Bangalore ruled in his favor, stating that tax authorities need more ...
8don MSNOpinion
Faceless tax assessment lost its way: Why Budget 2026 must fix system, not expand compliance burden
With the new Income-tax Act approaching, Budget 2026 presents a crucial chance to reform India's Faceless Assessment Scheme.
Key measures required include addressing the backlog of dispute cases, reintroducing the Settlement Commission, and providing ...
Parents and carers urged to refresh first aid knowledge as Australian students return to school, particularly regarding allergies and ...
Food insecurity is not just about food – it is about deep structural disparities,” says Adriana Mendes-Sheldon, Director of Community Partnerships at Project Bread. “True transformation happens when ...
The White House has escalated its rhetoric about possibly seizing Greenland, as U.S. military action in Venezuela roils the government. In the Caribbean and South America, the indictment and capture ...
11 nations have decided to proceed with recognition of Palestine. The Israeli military began a ground offensive in Gaza City, the Israel Defense Forces said on Tuesday, with two IDF divisions moving ...
Hurricane Melissa tore a path of destruction across Jamaica. Hurricane Melissa tore a path of destruction across Jamaica after the storm made landfall on Tuesday as a Category 5 hurricane, one of the ...
GameSpot may get a commission from retail offers. If you're looking for information on the next Blox Fruits update, you have come to the right place. One of Roblox’s most popular and most entertaining ...
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