ITAT upheld addition under Section 68 as the assessee failed to prove identity, creditworthiness, and genuineness of ...

The classification depends on whether there is actual crypto transfer. Cash-settled trades are generally treated as speculative business, not VDA ...

ITAT remanded the matter where the assessee claimed PAN misuse leading to additions under Sections 68 and 69. It directed AO to verify the police report, holding that relief must be granted if misuse ...

The Tribunal ruled that incorrect invocation of Section 69A does not invalidate the addition. Since the loan was found to be an accommodation entry, it was sustained under Section 68. The decision ...

ITAT held that the assessee discharged the burden of proving identity, creditworthiness, and genuineness. Addition was deleted as AO relied only on suspicion without ...

The Tribunal held that delay in filing Form 67 is a procedural lapse. It restored the matter to the AO to verify and allow Foreign Tax Credit if ...

SEBI targets SPV status, borrowing ambiguity, and investment restrictions in REITs and InvITs. The reforms aim to enhance flexibility and market ...

Companies cannot give loans or guarantees to directors or related parties. Exceptions apply only with strict conditions and ...

ITAT held that delay in filing Form 10B is only a procedural lapse and not fatal to exemption. It ruled that exemption under Section 11 cannot be denied where audit report is eventually ...

The Tribunal held reassessment invalid as no proper sanction under Section 151 was produced. The notice under Section 148 was quashed, making all additions ...

The Court halted GST proceedings questioning mandatory 1/3rd land deduction. It held that jurisdiction is doubtful as the underlying notification has been challenged as ultra ...

The Tribunal held that additions cannot be sustained merely on third-party Excel sheets and statements. It ruled that absence of independent evidence and denial of cross-examination renders such ...