Principles of res judicata applies on Appeal Cross examination of Bank witnesses which Already Rejected by Previous Order: DRAT
In a recent case , the Debts Recovery Appellate Tribunal (DRAT) has held that principles of res judicata applies on appeal cross-examination of bank ...
![Income Tax Exemption u/s 11 Cannot be denied Merely due to Delay in Filing Form 10B: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057767-itat-ahmedabad-filing-form-10b-income-tax-taxscan.webp "Income Tax Exemption u/s 11 Cannot be denied Merely due to Delay in Filing Form 10B: ITAT [Read Order]")
![CBDT Issues Clarification on Interest Waiver u/s 201(1A)(ii)/206C(7) [Read Circular]](https://images.taxscan.in/h-upload/2025/07/02/500x300_2057972-site-img-3.webp "CBDT Issues Clarification on Interest Waiver u/s 201(1A)(ii)/206C(7) [Read Circular]")
Telescoping of Unaccounted Payments against Unaccounted Receipts is valid when they are Business-Related: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) held that unaccounted payments can be telescoped against unaccounted receipts to determine the real income of an assessee, provided...
![Telescoping of Unaccounted Payments against Unaccounted Receipts is valid when they are Business-Related: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/02/500x300_2057957-unaccounted-receipt.webp "Telescoping of Unaccounted Payments against Unaccounted Receipts is valid when they are Business-Related: ITAT [Read Order]")
CBDT Notifies Cost Inflation Index at 376 for New Financial Year, Applicable from April 1 [Read Notification]
The Ministry of Finance has notified the Cost Inflation Index (CII) for the financial year 2025-26 as 376, through Notification No. 70/2025 dated July 1, 2025. The amendment was issued by the ...
![CBDT Notifies Cost Inflation Index at 376 for New Financial Year, Applicable from April 1 [Read Notification]](https://images.taxscan.in/h-upload/2025/07/02/500x300_2057964-to-jpj.webp "CBDT Notifies Cost Inflation Index at 376 for New Financial Year, Applicable from April 1 [Read Notification]")
![Chartered Accountants Act: MCA Appoints New 3 Members to Quality Review Board [Read Notification]](https://images.taxscan.in/h-upload/2025/07/02/500x300_2057959-qrb.webp "Chartered Accountants Act: MCA Appoints New 3 Members to Quality Review Board [Read Notification]")
Delayed Service of GST Notice Hardcopy: Madras HC Condones 142-Day Delay and Allows Tax Appeal [Read Order]
The Madurai Bench of the Madras High Court has condoned a 142-day delay in filing a GST appeal, due to a delay in receiving the physical demand notice, despite it being uploaded online earlier. ...
![Delayed Service of GST Notice Hardcopy: Madras HC Condones 142-Day Delay and Allows Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/07/02/500x300_2057903-size.webp "Delayed Service of GST Notice Hardcopy: Madras HC Condones 142-Day Delay and Allows Tax Appeal [Read Order]")