https://t.co/nfEmHNqnPv #incometax Karnataka High Court upheld denial of deduction u/s 80P as by no stretch of imagination a return of income filed pursuant to a notice under Section 148 can be construed as a return filed within the due date u/s 139(1) of Income Tax Act

https://t.co/KNvI4Id6ks #GST High Court of Punjab & Haryana denied pre-arrest bail to accused of fake ITC utilisation observing that there was possibility of petitioner’s misusing the concession of pre arrest bail and may enable him to avoid custodial interrogation

https://t.co/FduFmbLLPr #incometax In a recent judgment, Allahabad High Court has held that return could not be held to be non est for non e-verification when AO had been taken due cognizance of the returned income in the Assessment order.

https://t.co/JcaQJUWoTd #incometax In a recent judgment, ITAT Chennai held that provisions of Section 43CB & ICDS-III applicable to contractors and not real estate developers Hence assessee being a developer was under no obligation to apply percentage completion method.

https://t.co/hHJpdN3bWq #incometax In a recent judgment, ITAT Delhi has held that expenses of ESOP is considered as allowable u/s 37(1) of the Act and mere admission of SLP before Supreme Court would not negate the decision of High Court.

https://t.co/TtLNH5KJnM #incometax Compliance history of supplier could not be used to invalidate the genuine business transactions of the buyer especially when the same was supported by documentary evidences - ITAT

https://t.co/1TUFh9nsMv Engineering Projects (India) Ltd. has invited application for empanelment of Chartered Accountants/Cost Accountant/Legal firm for FEMA & other allied services. Bids closes on 03.02.2026

https://t.co/Jw1pDaKQ3P #servicetax In a recent judgment, Supreme Court held that Individual contract for booking of persons for participation in an event is not “event management” contracts liable to service tax under Section 65(105)(zu) read with Sections 65(40) and 65(41)

https://t.co/prJVBRlZUm #incometax In a recent judgment, Madras High Court condoned delay of 25 days in filing Audit Report in Form 10B holding that minor delay should not come in way of ‘legitimate claim for a deduction’ if assessee is otherwise entitled to exemption/deduction.

https://t.co/VlrJSLWf1V #sebi SEBI notifies the Securities and Exchange Board of India (Mutual Funds) Regulations, 2026. These regulations shall come into force with effect from April 1, 2026

https://t.co/7YJ7QYzpHt #incometax In a recent judgment, Hon'ble Supreme Court has held that capital gain on sale of unlisted equity shares which were transferred pursuant to an arrangement impermissible under law, not entitled to exemption under DTAA.

https://t.co/1Ynac4ldZZ #customs #export CBIC extends export incentives to shipments through Postal Export Bills from 15th January 2026

https://t.co/alFYQy8evf #ibc In a recent judgment, Supreme Court has issued directions to Committee of Creditors for safeguard interests of homebuyers in Insolvency proceedings against the Builder/Real Estate developer Corporate Debtor

ITAT Varanasi has held that provisions of section 69C not applicable for addition made on account of disallowance of expenditure on employee salary and Wages as the source of funds was not disputed. https://t.co/Hrw4SUkDJl #IncomeTax

https://t.co/DNAdeot4ip #taxevasion #incometax n a recent judgment, Hon'ble Chhattisgarh High Court declined to direct Income Tax Department to investigate Tax Evasion Petition filed by Petitioner being barred by limitation

https://t.co/Kelg5gg2TQ #IncomeTax SC dismissed SLP of Revenue against judgment of Bombay HC in condoning delay in filing audit report Form 10B as CA of the assessee was not aware of online filing which was newly introduced and that mistake was unintentional and oversight.

https://t.co/sQKdM6vyk3 #IncomeTax In an interesting judgment, Guwahati ITAT held section 271B of the Income Tax Act have no precondition that if penalty u/s 271A is levied for non-maintenance of books u/s 44AA then penalty u/s 271B for non-audit u/s 44AB cannot be levied.

https://t.co/kEji3RQ9tk #IncomeTax Cash book cannot be rejected when availability of stock in trade is not disputed as per stock register which is accepted. Sales out of available stock cannot be disregarded as ingenuine.

https://t.co/9FRBM7iBx3 #incometax In a recent judgment, Delhi High Court has held that language of section 148 of the Income Tax Act after 01.04.2021, does not even require recording reason to believe much less possession of information or evidence.

https://t.co/fCyzioQuod #youngprofessional Income Tax Department, Lucknow is hiring Young Professional for assisting the Departmental Officers posted in various benches of ITAT, Lucknow. Last date to apply 19.01.2026