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Essential Requirements for Public InvIT Listing and Market Readiness
Discover the crucial financial, valuation, borrowing, and disclosure standards required for a successful public InvIT listing under regulatory norms.
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ITAT Bangalore Rules CIT Appeals Cannot Dismiss New Evidence Without Review
Learn how ITAT Bangalore mandated detailed verification of purchase and sales mismatches, ruling against the rejection of fresh evidence without examination.
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ITAT Mumbai Deletes Rs 3.83 Crore Cash Addition Based on Deleted WhatsApp Messages
ITAT Mumbai rules in favor of Jaya Bachchan, deleting tax additions of Rs 11 lakh and Rs 3.83 crore derived from deleted WhatsApp messages lacking concrete evidence.
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Bombay High Court Quashes Massive Penalty Over Bicycle Parking in Society
The Bombay High Court invalidated a steep retrospective penalty imposed by a housing society for parking an eleven thousand rupee bicycle in a staircase.
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ITAT Chennai Remands Quarry Deposits and Property Sale Tax Matters
ITAT Chennai condones a 124-day appeal delay and remands quarry commission deposits and property capital-gain issues for fresh examination.
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ITAT Chennai Rules Commercial Sales Not Required Once Bio-Pharma Business Is Established
ITAT Chennai deletes a massive Rs 10.70 crore bio-pharma disallowance, clarifying that business setup and commercial operations are distinct stages.
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ITAT Chennai Deletes Crore Addition Ruling on Power Agent Status
ITAT Chennai deletes Section 69A additions worth crores after accepting the power-agent fund trail and explained sources of cash deposits.
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ITAT Chennai Deletes Rs 9.65 Crore Section 69C Addition on Gold Job Work
ITAT Chennai upholds the deletion of a Rs 9.65 crore Section 69C addition, ruling in favor of the assessee due to robust job-work records and untested statements.
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Union Budget 2026-27 Transforms MA Deal Structuring via FEMA and IFSC
Explore how the Union Budget 2026-27 reshapes mergers and acquisitions through updates to FEMA regulations, buyback taxation, and IFSC incentives.
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Karnataka High Court Mandates Reimbursement of Differential GST on Works Contracts
Learn about the Karnataka High Court ruling requiring the State to verify and reimburse differential GST on works contracts within six weeks.