📢 Commissioner (Appeals) Upholds Rs 3.75 Crore GST Demand Against ICICI Prudential Life; Further Challenge Planned

ICICI Prudential Life’s appeal against a Rs 3.75 crore GST demand has been dismissed, with the company planning to further challenge the order.

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📢 ITAT Remands Tax Dispute to CIT(A) for Fresh Adjudication

The ITAT Bangalore held Covid-19 pandemic and rectification proceedings constituted Sufficient Cause.

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📢 ITAT Gives Charitable Trust Fresh Opportunity for Regular Section 12A Registration After Portal Compliance Failure

ITAT condones 432-day delay and gives charitable trust a fresh opportunity to pursue regular Section 12A registration after non-compliance with an ITBA notice.

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📢 ITAT Remands Case After NFAC Ignores Assessee’s Submissions

The ITAT Bangalore held that detailed submissions uploaded before order must be considered.

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📢 ITAT Deletes Rs 20.65 Lakh Commission Disallowance, Rules AO Cannot Disallow Commission Expenses Merely on Estimation

ITAT deleted a Rs 20.65 lakh ad hoc commission disallowance, holding that estimation alone cannot justify an addition without identifying any bogus or non-business payment.

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📢 ICAI Releases New Handbook on NRI Residential Status, Tax and FEMA Rules

ICAI has released a new handbook simplifying residential status, tax and FEMA rules for NRIs under the Income-tax Act, 2025.

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📢 CBI Arrests Harnek Singh After 13-Year Abscondence in Singapore Scam Case

CBI has arrested Harnek Singh at Delhi Airport after securing his deportation from the USA in connection with a 2013 Singapore scam involving spoofed calls and fraudulent money transfers.

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📢 ITAT Sends Section 80G Approval Matter Back to CIT (Exemption) for Fresh Consideration After Finding Application Issue Requires Re-examination

ITAT condones a 205-day delay and remands the Section 80G approval matter to the CIT (Exemption) for fresh consideration after a dispute over the application provision.

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📢 ITAT Upholds Addition for Unsubstantiated Hawkers’ Cash Advances

The ITAT Bangalore upholds disallowance of Rs 12.28 lakh March 2016 salary claimed in AY 2017-18 under mercantile accounting.

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📢 ITAT Deletes Transfer Pricing Adjustment on 14% CCD Interest Paid to Foreign AE, Rejects Equity Recharacterisation of CCDs

ITAT deletes the TP adjustment on Rs 94.33 crore CCD interest, holding that CCDs retain their debt character until conversion and that the 12.37% effective rate was within the comparable range.

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📢 Delhi High Court Makes Biometric Aadhaar Authentication Mandatory For GST Registrations Across Nation to Curb Fraud Cases

Delhi High Court has made biometric-based Aadhaar authentication mandatory to obtain GST registration in India amid growing misuse of PAN and Aadhaar details.

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📢 ITAT Allows Delayed Appeal After Assessee Learns of CIT(A) Order Years Later, Remands Matter for Fresh Adjudication

ITAT condones years-long delay after assessee learns of CIT(A) order late and remands the matter for fresh adjudication.

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📢 ITAT Quashes Section 153C Proceedings and Assessment Against Color Bar Cosmetics Over Timing of Search Proceedings

ITAT quashes Color Bar Cosmetics’ Section 153C proceedings and assessment, ruling that the notice was initiated after the permissible cut-off date.

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📢 ITAT Restores Section 56(2)(x) Property Valuation Addition for Fresh Adjudication After Admitting DVO Report

ITAT admits DVO valuation report as additional evidence and remands the Rs. 11.70 lakh Section 56(2)(x) property addition to the AO for fresh adjudication.

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📢 Delhi HC Orders Biometric Aadhaar Authentication for Every GST Registration Amid Misuse of Stolen PAN, Aadhaar

Delhi High Court orders mandatory biometric Aadhaar authentication for every GST registration to curb fraudulent registrations and misuse of stolen PAN and Aadhaar details.

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📢 CBDT Approves Income-Tax Data Sharing With Andhra Pradesh Government For Beneficiary Identification

CBDT has authorised the sharing of specified income-taxpayer information with Andhra Pradesh to identify eligible beneficiaries for state welfare schemes under Section 258(1) of the Income-tax Act, 2025.

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📢 ITAT Deletes Rs 4.61 Crore Income-Tax Addition, Holds 70% Sale Proceeds Belonged to Collaborator Under Valid Joint Development Arrangement

ITAT deleted the Rs 4.61 crore tax addition, holding that 70% of the property sale proceeds belonged to the collaborator under a valid joint development agreement.

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📢 CBI Registers 5 New Cases Against Builders Over Alleged Homebuyer Fraud

CBI has registered five new cases against builders over alleged homebuyer fraud, with searches conducted across Bengaluru, Mumbai and Pune.

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📢 ITAT Sets Aside Section 263 Revision Order After PCIT Lacked Jurisdiction to Revise Issue Already Considered by CIT(A)

ITAT Mumbai quashed PCIT's Section 263 revision order, holding that revisionary jurisdiction cannot extend to matters already decided in appeal.

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📢 CBI Files 20th Chargesheet Against Builder Company, Promoters/Directors and Officials of Financial Institutions in Homebuyers’ Fraud Case

CBI has filed its 20th chargesheet against Ajnara India, its promoters/directors and 15 financial institution officials over alleged homebuyers’ fraud in Noida.

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📢 ITAT Remands Rs 50.19 Lakh Transfer Pricing Adjustment to AO/TPO for Fresh Consideration, Citing Subsequent Year’s Favourable Findings

ITAT remands Honda R&D’s Rs 50.19 lakh transfer pricing adjustment for fresh consideration, citing favourable findings in the subsequent AY 2021-22 proceedings.

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