📢 ITAT Holds Safe Harbour Rules Cannot Be Applied Mechanically to Earlier Assessment Year

The ITAT Mumbai rejects 20% safe harbour mark-up for Technical Services and grants relied to State Bank of India.

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📢 ITAT Remands Section 201(1A) Interest Dispute for Fresh Verification Over Duplication/Overlap Claim

ITAT remanded Rs. 22.90 lakh interest dispute under Section 201(1A) to the AO for fresh verification of the alleged duplication/overlap claim.

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📢 Reassessment Notice by JAO or FAO? ITAT Remands Case to CIT(A) Amid Retrospective Validation of Section 148 Notices

ITAT remands the Section 148 reassessment case to CIT(A), awaiting the High Court’s ruling on retrospective validation of JAO-issued notices.

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📢 ICSI Urges MCA to Fix E-Sahaj Portal Registration Glitches Affecting Mandatory Security Clearances

ICSI has urged the MCA to urgently resolve registration and other technical glitches on the E-Sahaj Sewa Portal.

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📢 ICSI Invites Professional Feedback on MCA21-V3 Portal Issues to Improve Form Filing Process; Deadline Sept 15

ICSI has invited professional members to report technical glitches, filing challenges and suggestions on the MCA21-V3 Portal by September 15, 2026, 9 AM.

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📢 ICSI Urges MCA to Introduce Time-Bound Refunds for Company, LLP Incorporation Fees After Rejected Applications

ICSI urges MCA to introduce a time-bound refund mechanism for fees paid on rejected company and LLP incorporation applications.

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📢 ICSI Urges MCA to Formally Recognise ‘Deemed Government Companies’ Under Companies Act, 2013

ICSI has urged the MCA to formally recognise ‘Deemed Government Companies’ and provide clarity on their C&AG audit, exemptions and compliance requirements.

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📢 ICSI Urges MCA to Introduce a Dedicated E-Form for Intimation of Secretarial Auditor Appointment and Resignation

ICSI has urged the MCA to introduce a dedicated e-Form for reporting the appointment, resignation or cessation of Secretarial Auditors under Section 204 of the Companies Act, 2013.

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📢 ITAT Allows Foreign Tax Credit Despite Belated Form 67 Filing

The ITAT Delhi condones delay in Form 67 and directs AO to grant Foreign Tax Credit after verification.

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📢 From September 30 to October 31? Tax Bar Seeks More Time for Tax Audit Reports

Tax Bar Association, Bhilwara, urges CBDT to extend the AY 2026-27 tax audit deadline from September 30 to October 31, citing utility delays and increased compliance workload.

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📢 ITAT Quashes Section 271D Penalty as Barred by Limitation

The ITAT Chennai quashed penalty order passed beyond 6 Month Limitation period under Section 275(1)(c).

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📢 CBI Arrests Four, Including Two Senior Officers of RDSO Lucknow, in Bribery Case

CBI arrests two senior RDSO officers and two private company representatives for allegedly accepting a Rs 4 lakh bribe for a favourable inspection report.

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📢 Medical Stipend Not Salary: ITAT Rules Rs 18.34 Lakh PG Medical Stipend Exempt From Income Tax under Section 10(16)

ITAT held that the Rs 18.34 lakh stipend received by a PG medical student from AMU was linked to education and eligible for exemption under Section 10(16) of the IT Act.

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📢 CGST Delhi South Arrests Iron-Steel Firm Partner Over Rs 15.78 Crore Fake ITC Fraud

CGST Delhi South has arrested a partner of an iron and steel trading firm for allegedly fraudulently availing, utilising and passing on over Rs 15.78 crore in inadmissible ITC.

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📢 ITAT Remits Cash Deposit Additions for Fresh Adjudication Subject to Rs.3 Lakh Cost

The ITAT Chennai grants one more opportunity to assessee to substantiate cash deposits as business receipts.

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📢 CBI Arrests South Eastern Railway Chief Health Inspector for Allegedly Demanding Rs 25,000 Bribe to Approve Medical Leave

CBI arrested a South Eastern Railway Chief Health Inspector in Bokaro for allegedly accepting bribe to approve medical leave.

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📢 UPI Transactions to Remain Charge-Free: Finance Ministry Notifies New Payment Rules

The Govt has clarified that UPI transactions for P2P transfers and small everyday payments will remain charge-free, while limited fees may apply to select high-valued transactions.

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📢 ITAT Restores 80P Deduction Claim of Co-operative Society Pending Section 119(2)(b) Condonation Application

The ITAT Chennai directs AO to reconsider deduction after competent authority decides return filing delay.

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📢 JSW Dulux Receives Rs 10.61 Crore GST Show Cause Notice Over Proposed Disallowance of Rs 6.17 Crore ITC

JSW Dulux faces a Rs 10.61 crore GST liability for FY2022-23, with the company preparing its response to the authorities.

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📢 ITAT Deletes Rs 53.34 Crore Bad Debt Disallowance and Upholds Section 80IA(4) Deduction

ITAT dismisses Revenue’s appeal, upholds Section 80IA(4) deduction along with relief on Rs. 53.34 crore bad and doubtful debt disallowance.

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📢 ITAT Holds Bona Fide Explanation for Belated Return Excluded from Underreported Income

The ITAT Jaipur allows Section 270A(6) relief to assessee who missed return filing after relocating to USA.

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