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Addition on Cash Deposited
Cash Deposits—Source Explained by Prior Withdrawals — Mere Time Gap Not Sufficient for AdditionITAT Ahmedabad: Bhikhabhai Mangalbhai Patel v. ITO- ITA No. 1743/Ahd/2025 | Order dated 13.11.2025 | AY 2017-18**The asse...
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal(ACIT v. Seven Seas Hospitality Pvt. Ltd., ITA Nos. 2225 & 2226/Del/2025, dated 14...
The Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and its Powers) Rules, 2014,
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 3rd November, 2025
G.S.R. 811(E).––– In
exercise of the powers conferred by sections 173, 177, 178 and 186 read with
section 469 of the Com...
Supreme Court Clarification on Eligibility of Chartered Accountants for ITAT Membership
Supreme Court has clarified that Chartered Accountants are eligible for appointment as Technical Members of the Income Tax Appellate Tribunal (ITAT) without the previously prescribed requirement of 25 years of experience...
Time limit for completion of Block Assessment of Search cases [Section 158BE of the Income Tax Act, 1961]
Time limit for completion of Block Assessment of
Search cases [Section 158BE of the Income Tax Act, 1961]Section 158BE of the Income tax Act, 1961 provides the
time-limit for completion of block assessment as 12 months...
Disallowance for marked-to-market loss [Section 40A(13)]
Disallowance
for marked-to-market loss [Section 40A(13)]
“Marked to market” (MTM) is an accounting and trading practice
that updates an asset’s value to its current market price, rather than its
original purc...
Reclassification of Business Loss as Speculation Loss and Its Impact on Penalty Under Section 270A
Whether the reclassification of business loss as speculation
loss (due to contract settlement without actual delivery) constitutes
“under-reporting of income” under section 270A justifying imposition of
penalty, d...